Axis Bank Personal Loan: In the current scenario, unexpected emergency expenses might necessitate a loan besides regular financial needs. To apply for a loan from any bank or financial institution, you must primarily meet the eligibility requirements and provide income proof among other necessary documents.
You can easily get a loan by presenting income proof. However, many people cannot get their loans approved due to the absence of income proof. There’s no need to worry about obtaining a loan in such cases. Axis Bank, a private sector bank in the country, is now providing personal loans without the need for income proof, keeping people’s convenience in mind.
Certainly, if you’re looking to apply for a personal loan from Axis Bank, you might be wondering about the steps involved. What does an Axis Bank personal loan entail? Our article will provide you with comprehensive information on interest rates, processing fees, eligibility requirements, and the application process.
Axis Bank Personal Loan 2024
Axis Bank offers personal loans to customers to meet various personal needs such as medical emergencies, home renovations, children’s education, or weddings. The loan amounts range from Rs 50,000 to a maximum of Rs 40 lakh.
Notably, customers are not required to provide income proof for this loan application. The bank offers a repayment period of 12 to 60 months for the personal loan. Another highlight of this loan is that it requires minimal documentation and is approved quickly.
To apply for a personal loan from Axis Bank, customers have the flexibility to choose between online and offline application processes. The bank provides loans up to Rs 25 lakh for online applications, and up to Rs 40 lakh for offline applications.
Axis Bank has set certain eligibility criteria for personal loan applications that must be met to qualify for the loan. These criteria are as follows.
Indian citizens will be eligible to apply for this loan.
✔️ Personal loans can be applied for by government employees, workers in private/public limited companies, and employees of public sector enterprises.
✔️ Applicants for an Axis Bank personal loan must be at least 21 years old, with a maximum age of 60 years at the time of loan maturity.
✔️ The minimum net monthly income of the applicant for the loan should be Rs 15,000.
✔️ Axis Bank personal loans can be applied for both online and offline. To apply offline, contact a bank branch and follow the application process. For an online application, you should follow these steps.
✔️ For loan application, first go to the official website of Axis Bank.
✔️ Now on the home page of the website you will find the link of Apply Now, click on it.
✔️ Now from the options given in the dashboard below, you have to click on the link of Instant Personal Loan.
✔️ After this a new interface will open, here if you are a customer of Axis Bank then you click on I am an existing Customer and if not then you choose I am not an Axis Bank Customer.
✔️ If you are not a customer of the bank, then first of all you have to choose your income limit (whatever your income is).
✔️ Now choose your mobile number/date of birth/PAN card for the loan and enter that number in the specified place and click on the option of send OTP.
✔️ After this login by entering the OTP received on your mobile.
✔️ Now tick the terms and conditions given for the loan and accept it and click on the option of Continue.
✔️ Now enter your 12 digit Aadhaar card number for personal loan application and click on submit.
✔️ After this, you will have to complete the loan application process in three steps.
✔️ Enter your personal information like email address, occupation, monthly earnings, years of experience, etc., and then select the confirm option.
