Instant Personal Loan
Loan Category

Personal Loan EMI Calculator

Loan Amount in between 50K to 40L
Tenure Months in between 12 to 60
Interest Rate in between 12 to 22

Equated Monthly Installment (EMI) will be1,42,922

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Personal Loan Eligibility

Personal Loan Eligibility FAQs

A Personal Loan is a type of unsecured loan that helps you borrow money for personal needs like financing a wedding, making investments, going on a vacation, etc. Since it is an unsecured loan, it does not require any collateral or security and is available with minimum documentation. Once you apply for a personal loan by submitting the required documents, the bank checks your creditworthiness and offers you the loan. You must repay the loan in Equated Monthly Instalments (EMI).

The individual must be at least 21 years at the time of loan application. Also, maximum age for personal loan application at Axis Bank is 60 years at the time of loan maturity.

Click here to check your loan eligibility. Additionally, use Personal Loan Eligibility Calculator to know maximum loan you can avail of.

One must have minimum net monthly income of ₹15,000 to avail Axis Bank personal loan.

A CIBIL score ranges between 300 and 900. The higher the score, the better the chances your loan application gets approved. A score closer to 900 will give you better deals on loans, that is, higher loan amounts or low-interest rate personal loans.

Every bank has a minimum threshold for CIBIL score; anything below that may reduce your chances of getting a loan. Even if you do, it would be at a higher interest rate.

Use the Personal Loan Eligibility Calculator to know your loan eligibility. The calculator will help you know the maximum loan you can use depending on your salary, expenses and repayment ability.
No, you can check eligibility for personal loan online for free. You can also use our personal loan eligibility checker tool to know the maximum loan amount you can avail.
To be eligible for a Personal Loan, firstly you must by a salaried individual and share personal and professional details to avail the loan. Documents required for a personal loan, including but not limited to are:
  • KYC Documents (proof of the applicant’s age, nationality, etc.)
  • Documents declaring the continued employment for the applicant
  • A duly filled loan application form.

For existing Axis Bank customer, login to your account and get access to Axis Bank 24x7 Personal Loans for a complete digital and seamless process.

Personal Loan approval involves the following steps:
Step 1: The potential borrow receives the list of documents required to be submitted
Step 2: The borrower submits the loan application along with the documents.
Step 3: The application is reviewed for accuracy, genuine and completeness.
Step 4: Underwriting procedure takes place, for example, creditworthiness, credit score etc. are checked.
Step 5: The personal loan application is accepted or rejected based on underwriting.
Step 6: The borrower signs the documents to complete the personal loan application process.l
Step 7: Loan sanction and disbursement are made.
At Axis Bank you can avail of Personal Loan without the need of going through tedious documentation. No documents are required for Pre-Approved Personal Loan and minimum documentation is required for non-pre-approved loans. Thus, you can get instant personal loan without documents with our 24X7 Personal Loan. The process is entirely digital and paperless. However, this is available only for select customers of the bank and the bank reserves the right to offer the pre-approved personal loan.
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A personal loan for
your personal goals