Axis Bank is the first private bank of India founded in 1994. The Bank has a network of more than 1281 branches within India. Axis Bank personal loans provide loans to potential customers under the Axis Bank Personal Loan  scheme for all the personal requirements. The quantum of loan according to the Axis Bank personal loan review ranges from 1 lakh to 20 lakhs. We here at money super bazaar provide detailed information regarding the Axis Bank personal loan, like Axis Bank personal loan interest rate, Axis Bank personal loan eligibility, procedure to apply for the loan, Axis Bank personal loan rate in case of default in repayment, repayment schedule etc.

What Are The Axis Bank Personal Loan Features?

Axis Bank personal loan review states that Axis Bank provides special personal loans to qualified professionals like Doctors, Chartered Accountants, and Engineers etc. A balance transfer availability to those retiring at higher cost debt is also given. Besides this zero balance SB account facility, and numerous other benefits are also available.  

What Are The Axis Bank Personal Loan Eligibility Norms?

Axis Bank personal loan review says that Axis Bank personal loan eligibility criteria for salaried person is as below-

• Minimum age of applicant should in no case be below 21 years and above 60 years.
• He/she should be in employment for at least one year prior to applying for loan and applicant’s monthly income should not be less than Rs. 15,000.

Axis Bank personal loan eligibility norms for professionals/ doctors include

• Minimum age of the applicant should not be under 24 years and maximum age should not exceed 65.
• Doctor’s income should exceed 2.4 lakhs per annum and they can avail a loan of a maximum of Rs. 20 lakhs.

Documents required-The documents required as part of Axis Bank personal loan eligibility includes ID proof, Address proof, Income proof and latest telephone bill along with other valid documents.

What Is The Axis Bank Personal Loan Interest Rate?

Axis Bank personal loan review maintains that Axis Bank personal loan interest rate offers attractive interest rates. Axis Bank personal loan interest rate is fixed between 14 to 21 percent. Apart from Axis Bank personal loan rate, a onetime amount of 2% is charged as loan processing fees. Axis Bank personal loan rate offers attractive interest rates. Axis Bank personal loan rate is one of the best in its category.

Procedure To Apply For Loan :

Offline-According to Axis Bank personal loan review, the procedure to apply for the loan starts with approaching the nearest branch along with the required documents. A staff representative will guide through the procedures and will give updates on Axis Bank personal loan.

Online- A prospective borrower can also submit application for loan online, through official website of axis bank.

Tenure Of Loan Amount :

The repayment time of the Axis Bank personal loan ranges between 12 to 60 months.

Repayment Procedure :

Repayment of loan instalments (principle amount and interest amount calculated with Axis Bank Personal Loan interest rate) can be made through PDC, ECS or standing instruction to bank. Amount will be repaid in equated monthly instalments. In case of default in check bounces a penalty of Rs 500/bounce and service tax will be charged.

Prepayment Option :

A borrower can repay loan amount even prior to due terms of loan. Most interesting thing about axis bank personal loan is that borrower need not to pay any prepayment charges as it is usual in case of many other banks loan schemes.

Product Page Url Of The Official Site And Contact Details:

More information can be obtained at the official website www.axisbank.com and info on loans can be procured on http://www.axisbank.com/personal/loans/personalpower/Personal-Loan.asp?ucode=Personal&ccode=Loans&pcode=PersonalPower

Contact details of the bank branches of a few major cities are as under: