Axis Bank 2023: How to take a loan from Axis bank? Axis Bank is one of India’s biggest private sector banks, and it has made a significant impact in recent years. The bank is growing exponentially, and millions of people have their accounts in the bank. Axis Bank has a unique and distinctive style than the others, and as a private bank, they provide the best service and safety. Their lain processing is straightforward, fast and secure. You can easily rely on its excellent performance and reliability. In this article, we have discussed in detail all features, eligibility criteria, etc. of axis bank. Also check PhonePe Loan.
Features of Axis Bank
Axis Bank offers a variety of loans, and each of them has some different features and benefits. To start with, a personal loan from Axis Bank offers a great deal of flexibility. You can use the personal loan the way you want; all you need is an account in the bank and some documents, and a good credit score.
The same goes for business loans. If you want to make your business big, you can easily take a business loan from Axis Bank. There are many other loans as well, which are serving every individual in India.
|Features||Axis Bank has a variety of loans on offer, and their interest rate and processing fee are also desirable. They provide almost all kinds of loans, and you can also get loans without a down payment.|
You can easily apply for a loan, and the process is both online and offline.
|Eligibility criteria||Axis Bank has a variety of loans on offer, and the eligibility criteria of each of them differs a little from the rest. Like, a personal loan demands you to have an age of 21 to 60. The business loan requires you to have a running business for the last three years, and like that, there are many other criteria|
|Application process (Online/Offline)||The application process is straightforward. You have the option of online as well as offline. You need to visit its official website, and you can see the bank is well.|
Axis Bank also has an app on the play store which you can use to check your status.
|Documents Required||Identity proof, address proof: Pan Card and other similar documents like this. Also, you need to have income proof.|
Before applying for the loan, you might want to look closely at this part of this article. This is the most crucial step before applying for a loan. Without being eligible, you can’t take out a loan. You need to know the eligibility criteria before applying for the loan from Axis Bank.
These eligibility criteria are mentioned below:
- You need to have a good credit score otherwise, you won’t be able to take some of the loans.
- You also need to have a bank account in Axis Bank for some loans without security.
- The age limit also matters a lot. You can’t take out a loan if your age is less than the minimum or more than the maximum. Although the age limit is different for different loans. For ex, in personal loan, the age limit is 21 to 60.
- Some loans require you to have a good income and work experience.
Application process (Online/Offline)
You can very easily apply for the Axis Bank loan either from your home or from the bank. The bank has provided that benefit for its customers. It has maintained a very hassle-free and convenient environment for all its customers.
Now the steps by which you can apply for the loan is mentioned below:
Step I – the application process is both online and offline, so you can either go to the bank or do all the process from your home.
Step II – Now, if you have a bank account in Axis Bank, you don’t need to register, but if you don’t have one, you can easily register yourself.
Step III – fill the application form with all the details about your income, credit history, and other essential information.
Step IV – Once the application form is filled, you can upload the required documents if you are using an online medium or submit copies of it to the bank.
Step V – once the documents are submitted and the application is approved, you can get the loan amount within 24 hours.
Some of the documents which you need to have before applying for the axis bank loan are:
- Identity proof – Aadhaar card, passport, voter id card, etc.
- Address proof – Aadhaar card, driving license, passport, etc.
- Income proof, if you are a self-employed person, then you need to show the bank statement of the last few months and also some details about the business. If you are a salaried employee, then you need to submit the salary slip of recent months.
- You also need to have a pan card for verification and KYC.
Also read about: Dhanlaxmi Bank Balance Enquiry Number
Frequently asked questions
Do I need to give some down payment before taking a two-wheeler Loan?
No, you can get the two-wheelers loan without any down payment. This is a very nice feature for all those who want to buy a two-wheeler.
How is my loan amount calculated from my salary?
Most banks and other lenders give loans equivalent to 10 times your monthly salary. That means, if you have a salary of 25,000, then you can get a loan amount of 2.5 lakhs.
How long does it take to get Personal Loan from Axis Bank?
The amount of personal loan you can get is anywhere between 50,000 to Rs 15 lakh. It is disbursed with 48 hours of applying, mostly.
How can I get a loan from Axis bank online?
Go to Axis Internet Banking: Click on Login > Accounts > Loans > Select Loan no. > Click on “Pay Overdue” > Select the Account > Enter the Amount > Enter the NetSecure Code (will be sent to your mobile).