Axis Bank Parsnol Loan :Axis Bank is the third largest private sector bank in India. Most importantly, this bank is considered to be one of the largest personal loan providers. How to take loan from this bank. Along with the qualification, documents and fee amount, any salaried employee and self-employed to meet their personal needs Rs. 50 thousand to Rs. Can avail personal loan up to 15 lakhs. While you can take a home loan i.e. a bank loan of up to 5 crore rupees for building construction.
Overall, you can get any type of loan from Axis Bank as per your requirement as compared to taking loans from other banks. If you also want to take a loan from Axis Bank, then let’s know how to get a loan from Axis Bank? Along with complete information about documents, eligibility and interest rate for loan from Axis Bank.
Axis Bank Loan Types
Various types of loans are provided by Axis Bank for its customers as well as for business, businessmen and others, which are as follows
- Home Loan
- Personal Loans
- Business Loans
- Car loan
- Two wheeler loan
- Loan against securities
- Commercial Vehicle Loan
- Construction Equipment Loans
- Education Loans
- Gold Loan
- Loan against FD
- Holiday Loans
What is Axis Bank Personal Loan?
Personal loans are unsecured loans offered by most banks and non-banking financial companies (NBFCs). Since it is an unsecured loan, it is considered a high risk loan. Thus the interest rates applicable on personal loans can be much higher than secured loans. However, you can avail personal loans for various purposes like wedding expenses, travel, gadgets, home appliances, down payment of large loans or credit card bill payments.Besides, personal loans are considered very convenient for urgent financial needs like medical emergencies etc. For your information, let us tell you that different banks and financial institutions have different eligibility criteria for personal loans.
Axis Bank Personal Loan Interest Rate
Axis Bank Personal Loan interest rates start at 10.25% per annum. However, the final interest rates offered to personal loan applicants depend on credit score, age, monthly income, applicant profile, job profile, etc. Axis Bank provides personal loans with minimal documentation at low interest rates and in the shortest possible time. Apart from this, the option of higher EMI is also provided in case of higher loan amount, which makes it more convenient for people to repay the loan. Axis Bank Personal Loan interest rates are as follows
- Interest Rate 12.00% – 24.00%
- Loan amount 50,000 to 15 lakhs
- Tenure 12 to 60 months
- Processing charges 1.50% to 2.00% of loan amount + GST
- Nil prepayment fee
Axis Bank Personal Loans are offered to salaried doctors, individuals in public and private limited companies and government sector employees including public sector undertakings and central and local bodies. Axis Bank Personal Loan Eligibility is as follows –The age of the applicant should be between 23 to 60 years at the time of availing the loan.Applicant’s minimum monthly income is Rs. Should not be less than 15,000.The maximum loan amount is 15 lakhs.The borrower should be an Indian citizen.
The applicant has to submit some necessary documents to avail the loan from the bank. If any salaried or self-employed applicant does not have proper documents, their loan application may be rejected by Axis Bank Loan. This document is as follows –Duly filled application form with recent passport size photograph.KYC documents (driving license, passport, Aadhaar card, NREGA job card duly signed by a state government official, voter ID card, letter issued by National Population Register with name and address details).Proof of Date of Birth (Birth Certificate, PAN Card, Passport, School Leaving Certificate, Aadhaar Card, Driving Licence).Signature Proof (Passport, Bank Verification, PAN Card).Income certificate, 1 year employment proof, last 2 months bank statement.All documents should be self attested.
Axis Bank Processing Fee
Repayment Instructions / Instrument Return Fee : 339 + GSTSwap Charges (Cheque/Instrument): 500 + GSTFinal interest on overdue installment : @ 24% paise, 2% p.mCharges for issuance of duplicate statement : 250 + GSTFee for issuing duplicate amortization schedule : + GST per Rs. 250Credit information companies report issuance fee : Rs 50 + GSTNo Dues Certificate Generation Fee (Duplicate) : Rs.50 + GSTStamp Duty : As per State StampCriminal Charges : On outstanding loan – 5% for 1 year, 4% for 2 years, 3% for 3 years, 2% for more than 3 years
How to Apply
To get a loan from Axis Bank, you should first visit its official website https://www.axisbank.com/ or click on this direct link.On the home page you will see the option of Apply now, within that you have to click on the option of Instant Personal Loans.Here you will see 2 options I am present customer and I am not Axis Bank customer, from which you have to click on second option.Now a form will open in front of you, in which you have to enter your mobile number, date of birth air pan card number and click on Send OTP.Now a form will open in front of you, in which you have to enter some basic details related to you, after that you have to wait for some time.Now you will get a call from the bank, in which you will be informed about how much loan the bank can give you. If you want to take a loan, you can take a personal loan from Axis Bank.