Thursday, October 6

Axis Bank Personal Loan Save You from a Financial Crisis

We all face financial crises in our lives, but there is a way to deal with them without disturbing your daily lifestyle. It is an Axis Bank Personal Loan. Whether you are salaried or self-employed you can get this loan and meet your financial needs. And you can pay the money back in equated monthly installments at an affordable rate. Let’s read this article and know more about Axis Bank’s offer on this loan. 

Who Can Apply for Axis Bank Personal Loan?

Axis Bank Personal Loan is available to those who meet the below requirements –


Your age should be at least 21 years or more if you want a personal loan from Axis Bank. So if you meet this age criterion of Axis Bank, you could get the money. But there is a limit to it. People aged more than 60 years couldn’t get a personal loan from the bank. This is because people who are near their retirement years aren’t able to have a regular source of income and could find it difficult to manage daily needs and EMI payments.

So the maximum limit for age is 60 years, do keep that in mind while applying for the loan to save yourself from rejection. 


This plays an important role in your loan application. Why? Because this is the only source by which the bank can get their money back. There is no asset pledged against the loan amount which the bank can use to compensate for. To apply for the loan, you need a monthly income of INR 15,000. If you have this, you will qualify for the loan. But you should know with this minimum monthly income you couldn’t borrow a high loan amount. So you will need a high income for a high loan. Now you know this, so you want to go wrong with the loan application.


Do you have all the documents for the loan application? Well, check the list below –

KYC Document

You need to submit original valid documents for your ID proof and this could be –

  • Passport
  • Driving License
  • Aadhaar Card
  • Voter’s ID Card
  • Job Card by Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA)

Date of Birth Proof

To check on your age, the bank will require the following documents –

  • Passport
  • PAN Card
  • Aadhaar Card
  • Driving License
  • Birth Certificate
  • School Leaving certificate

Signature Proof

To ensure no one is stealing someone’s identity to get a lump sum amount, the bank will also ask for signature proof which can be any one of the following –

  • Passport
  • PAN Card
  • Banker’s Verification

Proof of Income

To confirm your income, the bank will ask for these –

  • Previous two months’ salary slip
  • Latest two months bank statement 

One year Employment Proof 

Submit proof of your job stability, for this, you can submit the joining letter, appraisal letter, etc. Well, the same might not be required if your date of joining is mentioned in the salary slip. You should know that to apply for an Axis Bank Personal Loan, you need a work experience of more than a year.

Attach the documents to the filled and duly signed loan application form, paste the passport-size photographs and submit them. In the case of an online application, you need to upload these documents. 

Note – This is an indicative list of documents, the actual may differ on a case-to-case basis. 

So if you check the eligibility box for the personal loan, apply for it to meet your financial need so you don’t have to face the crisis for a longer time. Axis Bank Personal Loan Interest Rate starts from 10.99% per annum and the maximum the bank can charge you is 21.00% per annum. So get the advantage of this affordable rate and meet your needs.

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