Axis Bank Personal Loan

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

In Axis Bank Personal Loan process is easy and simplified. There are no extraordinary documents required for application and the list of documents required at the time of application and also post sanction of the Axis Bank Personal Loan is easily available for customers. Axis Bank Personal Loans are available in the range of Rs.100000 to Rs.40 lakhs. So individuals can avail a Personal Loan for any amounts from Rs.100000/-up to a maximum limit of Rs.40 lakhs. Unlike many other banks, Axis Bank makes sure that Personal Loan facilitation and approval process for each applicant is fast tracked without any unnecessary delays. Quick Form for Personal Loan in Delhi NCR.

Special Features of Axis Bank Personal Loan

Axis Bank Existing Customers Having Saving Account, Current Account, Credit Card & Etc.

Discounted Rate of Interest
Low CIBIL Score Acceptable
Nil CIBIL Score Acceptable
Maximum Loan Amount with Minimum Fee
Low Salary Employees and Non Executives Eligible

Nil Closer Charges After 12 EMIs on Loan Amount should be 10 Lacs.
Part-Payment Allowed 90% of Loan Amount After 1 EMI 5% Charges.
Fastest Personal Loan Approval.

Benefits of Axis Bank Personal Loan

Maximum Loan amount: Get the maximum loan amount up to 40 Lacs.
Attractive Interest Rate: The interest rate is the amount that is charged on the principal amount by the bank to a borrower for the use.
Processing Fees: 0.50% + GST
Flexible Repayment: At Axis Bank, Personal Loan borrowers enjoy flexible repayment to choose tenure and amount of their choice. Loan tenure starts from 1 year to 6 years.
Minimum Documentation: Applying for Axis Bank Personal Loan is a hassle-free process which requires minimum documentation for loan approval.
No Security/ Collateral required: Axis Bank provides Personal Loan to the borrower without any security (residential/commercial property as collateral) or collateral.
Quick Processing Time: After the document is submitted then the loan approval process starts by the bank and verifies the document and also considers the borrower's financial situation before the loan approval. It generally takes 3 to 5 working days
Credit Shield which is the Loan Protection Program.

Repayment tenures from 12 to 72 monthsOpt for top-up loans at attractive interest rates and achieve the increased requirement for money easily. You can either consolidate it with an existing personal loan or treat it as a separate loan.
Prepayment of the loan is possible any time during loan tenure but it charges of 5% + GST

Loan Amount: Rs. 1 Lac to 40 Lacs
Rate of Interest (APR)*:10.25% to 14.50%
Repayment Tenor: 12 Months to 72 Months
Processing Fees: 0.75% to 2.50% + GST as applicable
Prepayment/ Foreclosure: Nil Closer on Loan Amount should be 10 lac After 12 EMI’s and Part Payment also Available after 1 EMI 5% Charges.

Illustration: Rs. 1 Lac loan on 10.25% with processing Fees for 72 Months comes to Rs. 1,34,296/- Equated Monthly Installment shall be: Rs. 1,865/- only.

APR* - Annual Percentage Rate

Terms and Conditions Apply

Note:- Above offer is applicable only for fresh loan Customer with Cibil score less than 720 or 0/-1 will be charge as additional 1% ROI Company category depend on Bank internal listing

Eligibility For Axis Bank Personal Loan.

Minimum Salary : Minimum Salary required Rs. 25,000/-
Age : Minimum of 23 when applying for loan and maximum of 58 at loan maturity.
Loan Amount : The Loan amount is 1 Lakh to 50 Lakhs for salaried individuals
Loan Tenure : 12 to 72 months
Minimum Service Period With Current Employer: One Year

The income of the individual should be a minimum of Rs.25, 000 for availing a loan.
Application Form which needs to be filled completely stating the necessary details like the personal details, occupational details, income details, etc.
One Recent Passport size photograph
PAN Card
Current Residence proof (Like Adhar Card, Passport, Voter I-card, Any utility Bill
IF Customer is staying on rent then Permanent address proof also require
If a customer stays in a self-owned/Parental house then Ownership proof also requires an Electricity Bill, Water Bill, House Tax Receipt.
3 Latest salary slips. The income of the individual should be a minimum of Rs.25 000 to be eligible for availing a loan.
Bank statement of the last 3 months ,which shows the banking activities of the applicant and helps in building the credit worthiness of the individual.
One Year Job continuity proof
Signature proof

Interest Rates & Charges of Axis Bank Personal Loan

Rate of Interest: 10.25% to 14.50%
Tenure: 12 to 72 Months
Loan Processing Charges:0.75% to 2% + GST as applicable
Cheque Bounce Charges: Rs. 500 per cheque bounce + GST as applicable
Cheque/ Instrument Swap charges:Rs.500 per instance + GST as applicable
Prepayment/ Foreclosure Charges: Nil
Default Interest Rate: @24.00% per annum i.e 2% per month on the overdue installment.
Duplicate Amortization Schedule Charges: Rs 250 per instance + GST as applicable.
Duplicate Interest Certificate: Rs 250 per instance + GST as applicable

Disclosures & Disclaimers

There are various factors to consider while taking a Personal Loan in order to assure the borrower gets the best possible deal. Factors such as:

* APR - Annual Percentage Rate: Annualized cost of borrowing Includes and shown as percentage:

Interest rate, Processing fees, Documentation fees and other fees

Loan Amount:1 Lac to 1 Cr
Rate of Interest (APR)*: Minimum :10.25% to Maximum: 18%
Repayment Tenor: Minimum: 12 Months to Maximum: 84 Months
Processing Fees: Min. Rs. 999/- + GST to Max. 4719/-
Prepayment/ Foreclosure:Nil (After 12 months) or 1% - 4% (Before 12 months)

Illustration

Rs. 1 Lac loan on @10.25% with processing Fees for 84 Months comes to Rs. 1,40,537/- Equated Monthly Installment shall be: Rs. 1,673/- only. Processing Fess 2 % Plus Stamp Duty Rs. 100/- to 500/- depending on State to State.

Disclaimer: www.easy-personal-loan.com is a loan aggregator and is authorized to provide services on behalf of its partners with best guaranteed deals

APPLY AXIS BANK PERSONAL LOAN FOR 72 MONTHS @ 10.25%