In this post, we are going to cover our requirements for applying for the Axis Bank Personal Loan, their rate of interest, personal loan details, their customer care number, personal loan features, comparison with other banks, documents required, and types of personal loans offered by Axis Bank, etc.
Be with me, I am going to clear all your doubts step by step in regards to taking a personal loan from Axis Bank.
Table of Contents
STEP 1:- LOAN DETAILS
This is one of the prime factors that everyone should have to understand the details of loan providers before applying for it.
Here is the list of AXIS BANK loans details
|RSL No||Requirements||Charges and fees|
|1||Stamp duty charges||As per State Stamp Act|
|2||Rate of Interest||12-24%|
|3||Minimum loan amount||Rs.50000|
|4||Maximum loan amount||Rs.15 Lakhs|
|5||Repayment period||12 to 60 months|
|7||Penal interest||24% per annum (2% per month) on the overdue intalment|
|8||Processing fee||1.5%-2% of sanctioned loan amount +GST|
|9||Lowest possible EMI||Rs.2,224/Lakh|
|10||Repayment charges||Rs.500 per instance of cheque /SC/ECS/NACH debit instruction dishonor +GST|
|11||Credit information Companies report issuance charges||Rs.50 per instance per set +GST|
|12||Cheque swap charges||Rs.500 per instance +GST|
|13||Charge for issuing duplicate amortization schedule / duplicate statement/Re-issuance of photocopy of loan agreement or documents||Rs.250 per instance per set +GST|
|14||Duplicate NOC||Rs.500 per instance per set +GST|
|15||Minimum age||21 years|
|16||Income||Rs.15000 or above|
STEP 2:- CUSTOMER CARE NUMBER, MAIL ADDRESS
- Official Website:-www.axisbank.com
- Toll-Free Number:-18004190068
- 24X7 Customer Care Number:-1860-419-5555, 1860-500-5555
- Other contact numbers are +91-22-24252525/43252525
- FAX:- +91-22-24251800
STEP 3:- 3 SIMPLE STEPS TO APPLY FOR AXIS BANK PERSONAL LOAN
Before applying for any kind of bank personal loan your mobile number should be linked with your Aadhar card number and email address because they will send you a verification link over it.
Step 1:-Vist the official website of Axis Bank raises a query or request by the Axis bank website. If in case you don’t get any kind of answers from the bank side you can send an email through www.axisbank.com/support.
Step 2:-After applying for a personal loan you check your application status using Toll-Free Number:-18004190068
Step 3:-If If case you are not satisfied with the bank responses you can write a mail to Principal Nodal Officer.
STEP 4:- FEATURES OF AXIS BANK PERSONAL LOANS
- Maximum Loan: Rs.15 Lakhs
- Repayment Time: Max 60 months
- Lowest EMI possible: Rs.2,224/Lakh
- Application approval and loan sanction period:30 working days.
- ROI linked to bank’s MCLR of 1-year and may vary between 12% and 24%/annum.
STEP 5:- ELIGIBILITY CRITERIA
- The age of applicant should not be greater than 60 year’s
- Minimum age requirement 21 year’s or above
- The monthly income of the applicant should be Rs.15,000 or above
- Applicant must provide and valid set of documents required for the bank.
STEP 6:- AXIS BANK PERSONAL LOAN COMPARISON WITH OTHER BANKS
|Moneylender||Max Loan||Time Period(Tenure)||ROI||Processing Fee|
|Axis Bank||Rs.15 Lakhs||5 years||12-24%||1.5-2% of loan amount +GST|
|HDFC BANK||Rs.12 Lakhs||5 years||10.75-21.30%||Up to 2.5%, max Rs.25,000 for salaried and minimum Rs.2,999|
|YES BANK||Rs.40 Lakhs||5 years||13.99-16.99%||Up to 2.50% and minimum Rs.999 +GST taxes|
|CITIBANK||Rs.30 Lakhs||5 years||9.99-16%||Upto 2%|
|PNB BANK||Rs.10 Lakhs||5 years||8.80-11.65%||Up to 1% +GST|
STEP 7:- DOCUMENTS REQUIRED
For getting easy approval of a loan of AXIS BANK you need to submit the following documents
- Duly signed loan agreement
- Duly filled personal loan application form
- Identity proof
- Income proof
- Address proof
- Standing Instruction (SI) Request/ECS Form
STEP 8:-CHECK APPLICATION STATUS OF AXIS BANK PERSONAL LOAN
After applying for personal of Axis Bank you need to check out whether the bank has approved your loan or not. Click on the following button to check the status.