Axis Bank Personal Loan Document Required

Personal loan documents required for Axis Bank are as given below:

Age Proof: 

Valid Driving Licence, Valid Passport, Aadhar  Card, Voter’s ID, SSC Marks card

Address Proof:

Aadhar Card, Voter’s ID Card, Latest  Utility Bills, Latest Credit Card Statement, Bank Account Statement, Rental Agreement, Ration Card.

Photo ID Proof:

Credit Card with Photo, Employer’s Card, Voter’s ID Card, Card issued by UIDAI with details of aadhar number, address and a photograph, valid driving license, and valid Passport.

Proof of Employment:

Letter from the employer with details like date of employment, designation, and salary.

Income Proof:

Latest salary slip with details of deduction, Form 16 and 2 years IT returns.

Qualification Proof:

This is required for professionals like doctors, engineers, architects, etc. A certificate for having awarded the qualification issued by the University or the Examining Board.

The procedure  for a personal loan from Axis Bank is as given below:

• The first step is to fulfill the eligibility criteria, i.e.,
  • You should be 21 years and above at the time of applying for the loan.
  • You should be a salaried professional or an employee of a Government Sector/Public/Private Limited Company.
  • You should have a net take-home salary of Rs. 15000/-
  • Your age should not exceed 60 years at the time of maturity of the Personal Loan.
• You can then fill up an online application with some personal details, income, and employment details.
• The bank will give you the eligibility details and the final loan amount that will be disbursed. The minimum tenure that will be provided will be one year which will increase if the loan amount is substantial. The final amount will include processing fees, GST, and insurance premium if you opt for one.
• After receiving the loan approval, you will have to execute loan documents. After that, the loan will be directly disbursed to your savings bank account.

You can apply online for a Personal Loan from Axis bank. You should first check your eligibility before applying for the loan.  The rate of interest on Axis Bank Personal Loan starts at 10.49% p.a.and the minimum loan tenure is 12 months which may be increased up to 5 years depending on the loan amount and the EMI affordability.

If you want to apply for a loan of Rs. 50000/- you should first check your eligibility using the Axis Bank Personal Loan EMI Calculator. The EMI for a loan of Rs. 50000/- at 10.49% p.a.interest with a tenure of 12 months will work out to Rs. 4406/- p.m.  After checking the EMI, you will have to follow the steps given below to avail of the loan.

• Fill up an online loan application with personal details along with employment and income details. 
• The bank will inform you about your eligibility and the final amount that will be disbursed.
• If you comply with the eligibility criteria, Axis bank will approve the loan, and the amount will be disbursed to your account within no time.