Axis Bank Personal Loan

Axis Bank is one of the most reliable banks in India. The bank has a good reputation among the people besides that the bank has a wide network in the country. The bank is providing so many financial products to the customers who include banking, insurance, loans, credit cards, and online banking. The personal loan comes in the category of loans. Nowadays most people prefer to get a personal loan as compared to other loans.

Personal loan

A personal loan is a kind of loan that lets you borrow the money from the banks and non-banking financial organization at some rate of interest. Sometimes a personal loan can be gotten from the micro-lenders. You can use this amount of loan to fulfill any of your personal need, whether it is related to your education or business. Furthermore, you can use this amount of personal loan to pay your credit card bills or for wedding purposes.

Why Axis Bank Personal Loan?

Axis bank personal loan provides many advantages and benefits to the people to fulfill their desires by getting the required amount. Axis Bank is a leading bank in the country and provides a great deal on a personal loan to customers. If you are having a requirement of finance, you can apply for a personal loan from Axis bank. You can apply for a loan because of the following reasons:

  1. To pay for medical expenses
  2. To pay for the marriage expenses of daughter child.
  3. For debt consolidation
  4. To pay off previous debts
  5. They provide personal loans to the customers with the following benefits:
  6. They provide loans to people who are salaried and earn a specific salary amount.
  7. Special loan offers to self-employed professionals, such as lawyers, doctors, architects, engineers and so on.
  8. They provide personal debts to the people in 68 cities currently.
  9. Know more about Axis bank personal loan. Before applying, you must check your eligibility for the personal loan. Check documents required and interest rates offered by different banks.

Documentation

Documentation for personal loans may vary according to the profiles. Before lending money, banks ensure the repaying capacity of the borrower. The personal loan documents will be different for salaried and self-employed profiles. Before applying for a personal loan, check your eligibility and documents required. Apply now and get a quick approval.

 

Salaried Individual

Self Employed People

3 months salary slips

2 years ITR (minimum 2 lacs)

Latest 6 months bank statement

PAN Card copy

Current Address Proof DL/Voter ID/Passport/Aadhaar Card

Identity Proof

Photographs

 

 

Are you eligible for getting a Personal Loan from any financial institution? There are some Eligibility Criteria regulated by Banks to get a loan. You must be eligible if you want finance to meet your requirement. Check your Eligibility in 1 minute. Apply Online and get Dialabank for you.

Eligibility Criteria for Personal Loan

Eligibility

Not everyone can get a personal loan. There are some criteria on the basis of them the bank provide a personal loan to the applicants. Let us discuss them.

There are two categories of the applicants.

  1. Salaried
  2. Self-employed

There are different criteria for both categories. Let us see both of them one by one.

Salaried

  1. First of all the age of the applicant should be more than 21 years.
  2. After that he/she should be earning Rs. 18000 per month at least.
  3. After that, the applicant should have the work experience of 3 years at least.
  4. After that he/she should be getting the salary in his/her bank account.
  5. The credit history of the applicant should be good.

Self-employed

  1. If the applicant is self-employed than his/her age should be 25 years at least.
  2. He/she should be filing ITR for last three years at least.
  3. His/her CIBIL score should be good.

 The ITR should be of Rs. 2.5 Lakhs per annum at least.

Salaried People

Parameters

Metro

Tier-2

Tier-3

Tier-4

CitizenShip

Indian

Same as Metro

Same as Metro

Same as Metro

Minimum Age

21 Yrs

Same as Metro

Same as Metro

Same as Metro

Maximum Age

58 / 60 Years at
Loan Maturity

Same as Metro

Same as Metro

Same as Metro

Salary

18,000

12,000

10,000

10,000

Experience

Overall 3 years

Same as Metro

Same as Metro

Same as Metro

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Current Experience

One year

One Year

One Year

One Year

Salary in Cash

Not Applicable

Same as metro

Same as Metro

Same as metro

 

Self Employed People

Parameters

Metro

Tier-2

Tier-3

Tier-3

Citizenship

Indian

Same as Metro

Same as metro

Same as Metro

Minimum Age

25 /28 Yrs

Same as Metro

Same as metro

Same as Metro

Maximum Age

65 Year at the
Loan Maturity

Same as Metro

Same as metro

Same as Metro

ITR required

2.5 lakhs - 3.0 Lakh

Same as Metro

Same as metro

Same as Metro

Residence

Office or Home
should be Owned

Same as Metro

Same as metro

Same as Metro

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Business Stability

Business Should be running
from last 3 years

Same as Metro

Same As metro

Same as Metro

 

Special Note: Bank does not provide Personal Loan to poor credit holders. However; one can fulfill their financial requirement with a Gold Loan easily.

A personal loan can be taken for different needs. If you need finance, you can borrow from financial institutions. There are different rules and criteria to get a personal loan. One must check its eligibility for getting loan amount. Personal loans are multipurpose finance options. There are various benefits of taking a personal loan online. You can avail a good deal by comparing offers and finalizing the best one as per your needs. Here are some benefits of personal loan:

A Loan without any collateral or security

 A Personal Loan is not a secured loan. Banks don’t ask for any security or collateral. So, there is no need of pledging a collateral or security. It is purely given as per the customers' income.

Simple Documentation

Personal Loans are simple and easy. You can get it with minimum documentation with a quick process. Banks need some basic documents of a borrower like identity proof, address proof, income proof, etc.

Loan Amount

 The amount can be ranging from Rs. 50,000 to Rs. 20 lakh.

Quick Loan Approval: It is easily sanctioned within 48-72 hours without any hassle. After getting the documents, banks will do the verification of the given details and the loan will get disbursed within 24 hours of verification.

Multipurpose finance

A personal loan can be used for various purposes i.e. in paying old bills, home improvements, wedding shopping, financing trips and many more.

No Third party involvement

The loan is directly given to the borrower without an involvement of the third party. It is a relationship between the borrower and the lender.

Hassle free

 Getting a personal loan is now a hassle-free process. Online loan portals have made it more convenient and easy. You can get the loan amount in your account without stepping out of your place.

Avail the benefits of a personal loan by applying online. Get the best deal and lowest interest rates with a quick approval. Call 60011600 or 9878981166.

Features of Axis Bank Personal Loan

First of all the Axis Bank personal loan is easily accessible. You can apply online for a personal loan online anywhere in India.

  1. The rates of interest in an Axis bank personal loan are very reasonable; a person can easily afford them.
  2. The bank is well known over the country, you can easily trust the bank and its terms and conditions.
  3. The documentation process is very easy and simple in the Axis bank personal loan.
  4. If you are eligible your loan gets sanctioned within a day.
  5. After the approval of your personal loan the submission of the documents, the process of loan disbursal is very quick.
  6. You can use the amount of loan according to your wish; the bank would not ask you the reason.
  7. Most important thing is that a personal loan is an unsecured loan so there is no need for collateral.
  8. There is no need for any guarantor even.

Interest Rates

15.00% to 24.00%.

Loan amount

Rs. 15k to 20 Lakhs.

Tenure- 12 to 60 months.

Approval Period- 48 to 72 hours

Interest Rate

The rate of interest starts at 12% per annum and it can very little up and down. It depends on the income of the applicant and the amount of loan he/she requires.

Documents Required

  1. Identity verification- an Axis bank personal loan requires one identity proof. It can be a voter ID card/ Aadhar Card/PAN Card/Driving License/ passport.
  2.  Anyone of them can be accepted.
  3. Address verification
  4. One address proof is also required it can be a ration card/ Aadhar Card/ PAN Card/ Driving Licence/Voter ID Card/passport.

 Income proofs

Salary slip of last three months is required in case the customer is salaried.

In case the applicant is a self-employed the ITR of the last three years is required as an income proof.

Rate of Interest

A Personal loan is an immediate finance provided by the lender to the borrower. The borrower can avail personal loan from any lending institution, private sector bank as well as from government sector banks. Personal loan interest rates vary according to banks and customer profile. Some Institutions provide special offers to their regular customers like affordable interest rates, low processing fee, affordable EMIs and long tenure period. Check interest rates offered by different banks in the country.

Personal Loan Interest Rates - Updated Monday 8 Oct 2018

Banks

CAT A Company

CAT B Company

CAT C & CAT D Company

Pre-Payment Charges

Processing Fees

HDFC Bank

13.00%- Salary Rs. 70000 or above

14.00%- Salary Rs. 70000 or above

16% and above

1.00 % to 4.00 %

2.00% to 2.5%

13.25%- Salary Between 50000 to & 70000

14.25%- Salary Between 50000 to & 70000

14.00%- Salary Between 30000 to & 50000

14.50% - Salary Between 30000 to & 50000

14.00%- Salary Below 30000

14.75%- Salary Below 30000

ICICI Bank

13.00% to 14.00%

13.50% to 15.00%

14.00% to 15.00%

2.00% to 5.00%

2.00%

Fullerton India

17.25% to 22.00%

17.25% to 25.00%

18.00% to 32.00%

NA

2.00%

Bajaj Finserv

13.99% - 16.75%

13.99% - 16.75%

13.99% - 16.75%

N.A.

2.00% - 3.00%

Axis Bank

16.00% to 18.00%

18.00% to 20.00%

18.50% to 22.00%

Special Offers

2.00%

Citibank

16.00%- Salary Up to 30000

17.00%- Salary Up to 30000

17.00%- Salary Up to 30000

3.00%

1.00% to 2.00%

15.00%- Salary above 30000

16.00%- Salary above 30000

16.00%- Salary above 30000

N.A.

N.A.

Standard Chartered Bank

16.00% to 17.00%

17.25% to 18.50%

18.25% to 19.00%

N.A.

N.A.

United Bank Of India

16.00% to 18.00%

16.00% to 18.00%

16.00% to 18.00%

N.A.

N.A.

State Bank of India and Group

16.75% to 21.00% with Guarantor 

16.75% to 21.00 % with Guarantor 

16.75% to 21.00% with Guarantor 

4.00%

2.00% to 3.00%

Kotak Bank

18.00% to 19.00%

18.00% to 19.00%

18.00% to 19.00%

4.00%

2.00%

Corporation Bank

14.50% to 17.00%

14.50% to 17.00%

14.50% to 17.00%

N.A.

1.5% to 5.00%

Andhra Bank

15.75% to 18.75%

15.75% to 18.75%

15.75% to 18.75%

N.A.

2.00% - 3.00%

Bank of Baroda

15.00% to 17.00%

15.00% to 17.00%

15.00% to 17.00%

N.A.

2.00%

ING Vysya

15.00%- Salary Rs. 70000 or above

15.50% to 16.50% Salary Rs. 70000 or above

16.5% to 18.00% Salary Rs. 70000 or above

4.00%

2.00%

Vijaya Bank

16.00% to 18.00%

16.00% to 18.00%

16.00% to 18.00%

N.A.

N.A.

 

 

How to avail the lowest personal loan Interest Rates?

Following are the features of lowest interest rates:

Company Profile: The company profile may impact a lot in terms of interest rates. Banks have categorized the companies in different categories. They offer interest rates as per the category of company. So, if you are looking for a good deal, do check your company category.

Online Comparison

 A person should do a detailed research online to compare the interest rates of all lenders. It helps the borrower to choose the best lender that suits their requirements. A person can use various tools like EMI Calculator, online comparison portals, loan helplines, etc.

Negotiate with the lender

In case a consumer is already a customer of the lender, then chances of getting a good discount on interest rates will be more.

Co-borrower

 If a borrower’s credit rating is low then, the borrower can merge the income of spouse/father/mother to increase the loan eligibility.

Apply now to get Best Personal Loan Interest Rates.

Leading Personal Loan Providers (Click to Apply)

Citibank

SBI

Axis Bank

Other Banks

 

 

Areas

Axis Bank is currently offering personal loans in the below-mentioned locations. The bank has categorized the cities and the eligibility may vary as per the location.

Tier 1: - Personal Loans in Chennai, Bangalore, Delhi, Hyderabad, Mumbai, Noida, Gurgaon, Faridabad, and Ghaziabad.

Tier 2: - Personal Loans in Ahmedabad, Pune,  Kolkatta.

Tier 3: - Personal Loans in Kochi, Coimbatore, Lucknow, Jaipur,  Jamshedpur, Patna,  Vishakapatnam, Vadodara, Bhubaneshwar, Trivandrum, Trichy, Nashik, Surat, Aurangabad, Chandigarh, Guwahati, Goa,  Nagpur.

Tier 4: - Personal Loans in Bhopal, Jodhpur, Calicut,  Mysore, Allahabad, Bhatinda, Pondichery, Rajkot, Raipur, Hubli, Jalandhar, Kolhapur, Durgapur, Dehradun, Ludhiana, Madurai, Patiala, Mangalore,  Siliguri, Ranchi, Udaipur, Tirunelveli, Vijaywada, Indore, Ajmer, Belgaum, Bhilwara, Bhavnagar, Kanpur, Jamnagar, Salem, Kota, Warangal, Ujjain, Mehsana.

How to Apply?

You can apply for an Axis bank personal loan online on the website of dialabank.com.You just have to search for Dialabank on the google. After that, you have to search for Axis bank personal loan there. Fill the application form with the basic information of yours and click on apply button. You will get a call back from our side within 5 minutes. You can call on 60011600 too for more information about Axis bank personal loan.

Why Dialabank?

This question is very obvious to come in mind. The answer to this question is that if we apply on the website of the dialank.com you get so many perks. Visit www.dialabank.com

  1. Your loan will be approved very quickly.
  2. After the approval of your loan, it gets disbursed very easily.
  3. You will get low rates of interest.
  4. The response to the queries of the customer is very quick.
  5. If you apply on the dialabank.com there is no need to go to the bank for the submission of the documents. You will get a document pickup facility from your doorstep.
  6. You will get all the information from the experts without any additional charges.

About Axis Bank:  

Axis Bank is the third largest bank in the private sector of India, after HDFC and ICICI Bank. The bank has a large customer base with its nearly 1787 branches in the country and approximately 10, 363 ATMs. Ranked 9th among all scheduled Indian banks, they have a net profit recorded at nearly 2, 85,628 Crores, as declared at the end of the financial year 2014. The bank has a presence not only in India but, also in seven other countries.