Convenient: Personal Loans are a flexible option to meet a variety of needs because it is easy to avail, with quick loan processing and approval. Zero documentation is needed for getting an instant
personal loan and for existing customers of Axis Bank, pre-approved loan offers are available as well, which can be availed in few, simple steps.
Instant Personal Loans: Today, you can apply for online Personal Loans, which are available with zero documentation and give you instant access to funds. If your KYC is in order and you fulfil the income
and other criteria, then your online application for personal loan is approved within a few minutes and you get the funds in your account in no time. The process for online loan application and sanction is 100%
digital, without any intervention from the bank staff. But if you need assistance you can always rely on the phone banking service for help.
Competitive Rates: Personal loan interest rates are competitive and vary based on loan amount and tenure.
No Collateral Required: Personal loans don’t require collateral or security, and are approved based on few basic details, such as your income and credit score.
Flexible Repayment: With adjustable repayment terms, you can manage monthly payments effectively, thereby ensuring better budgeting as per your finances. For instance, if your salary increases, you
could request your bank to increase your EMI. This will bring down your loan tenure and thereby help you save on interest cost.
Transparent Terms: The terms and conditions are transparent, offering a clear understanding of the costs and risks associated with the personal loan.
Help in improving Credit Score: Timely repayment helps contribute to improving credit score, which further helps in improving your eligibility for future loans.
Apt for debt consolidation: By paying off other costly loans with a personal loan, you can free up monthly funds for savings or investments, fostering financial stability and growth.
Emergency Expenses: Personal loans act as a safety net for unexpected expenses like medical emergencies or sudden home repairs, safeguard essential savings.