Why Choose Axis Bank Personal Loan in 2020

Axis Bank personal loan is an unsecured loan whichcomes with instant disbursal &flexibleusage.

Usualutilizations of a personal loan from Axis bank arefinancing travel expenditures, home renovation, the arrangement of a dream wedding function&paying for medical bills.

Axis Bank offers personal loans ranging from Rs. 50 thousand to Rs. 15 lakh with flexible repayment tenure of 12 to 60months.Here are the features and benefits of axis bank personal loan 2020: -

Traits &Benefits

· Flexible repayment tenures

· Competitive rates of interest

· Special offers for borrowers who have existing personal loans with any other banks & wish to reduce their EMIs by shifting the loan to Axis Bank

· Variousplatforms for repayment

· Less documentation & trouble-free application procedure

Rates of Interest

Axis Bank Personal Loan comes ata low rate of interest, lesser documentation & quickest loan approval. Besides, the lender also provides greater loan amount & flexible tenure alternatives, thereby making it more comfortable for the borrower to pay off the loan.

Along with competitive Axis Bank personal loan rates &convenient repayment options, your EMI burden will also lower &your loan journey will become much smoother.

· Interest Rate – 12-24%

· Loan Amount – Rs. 50,000-15,00,000

· Tenure – 1-5 Years

· Processing Fees - 1.5-2% of the loan amount + GST

Eligibility Criteria

One will have to meet these eligibility criteria to avail Axis Bank personal loans: -

Age - 21 years (Min.) / 60 years (Max.)

Employment Sort - Salaried employees / Pvt. Ltd. company employees / government employees

Net Salary - Rs. 15,000/month

Documents Needed

Here is the list of documents which one will have to submit when applying for a personal loan from Axis Bank: -

· Application form

· Proof of age

· Recent photographs

· Proof of Identity

· Proof of Residence

· Latest bank statement

· Signature verification proof

And, here are the documents that one will need to submit after sanction/pre-disbursement: -

· Appropriately signed loan agreement

· ECS form/Standing Instruction Request

Calculate Axis Bank Personal Loan EMI

A personal loanEMI calculator is a tool that tells an estimated monthly instalment, Interest Outgo & the total amount to be paid towards a loan.

EMI or equated monthly instalment is a blend of both interest &principal repayable per month. This tool functionson the basis of the following: -

· Loan Amount

· Tenure

· Rate of Interest

Once you fill these details, the toolbegins to fetch the values.

Calculate your EMI within a matter of minutes by taking the help of Axis Bank eligibility calculator. All you are required to do is fill in the requiredfields with your preferable loan amount, rate of interest, tenure.

Just click on ‘calculate’ to check your EMI. You can also view a comprehensive break-up of your repayment schedule through apayback table.

Why Opt For Axis Bank Personal Loan in 2020?

Axis Bank is a renowned name in the Indian banking industry that extends a wide range of financial products to help people realize their dreams.

Whether it’s loans, investments, deposits, insurances, cards or any other, axis bankhelp all its valuableconsumersto meet the diverserequirements.

With lending solution like a personal loan, Axis Bank always makes sure that people get financial assistance with attractive rates and flexible terms.

The credit facility that the bank offers comes to you with an amplenumber of unmatched traits & advantages. Here are a few instances: -

· Swiftest approval

· Greater loan amount

· Competitive rates of interest

· No payment charges

· Nominal documentation

· Online loan account benefit

· eDGE loyalty points

· Various repayment options

· Flexibletenure

And eventually, once again, the one key factor that makes it one of the best is that it doesn’t put any condition in front of any consumer in terms of usage of the loan amount.