When you apply for an Axis Bank Personal Loan you need to do the following given below:

1. Fill the application form of Axis Bank.
2. Submit key documents like KYC and Financial which are related to salaried individuals.
3. Loan eligibility of the applicant is determined based on the candidate worthiness of the applicant and his or her cibil score.
4. Axis Bank Provide the Sanction letter which has loan amount, Interest rate, Tenure, emi Payable another terms and condition.
   5. Finally after completion of the disbursement process Axis Bank issues a cheque in favour of the applicants.

There are few documents that you need to submit when you apply for an Axis Bank Personal Loan. It is given in the table below.

Because it is fast and easy to sanction. Provides customers who have healthy financial records
Besides, minimum documentation is required to apply for and secure an Axis Bank Personal Loan.

If you apply for Axis Bank Personal Loan online then the loan should get sanctioned in a few minutes or hours. However, if you apply physically by visiting the nearest branch of the bank then, it can take as long as two weeks for the personal loan to get sanctioned.

The minimum CIBIL score you need to secure an Axis Bank Personal Loan is in the range of 750 or more.

The minimum personal loan amount sanctioned by Axis Bank is Rs 4 lakh and the maximum personal loan is 15 lakh.

It is not necessary for you to have a co-applicant while applying for an Axis Bank Personal Loan. However, if you do have one it helps in enhancing your loan eligibility by increasing your CIBIL score, to prove your ‘Creditworthiness’ to the lender.

The rate of interest (ROI) of an Axis Bank personal loan will change during its tenure as per the type of ROI you choose. So if you select a floating rate then there will be frequent change seen. However, in case you opt for fixed there will be no change.

In reality possessing your IT returns of three financial years improves your chances of securing an Axis Bank Personal Loan. Moreover, you can still get a personal loan from Axis Bank despite not having your IT returns of three financial years, if you seek a small loan amount and your CIBIL score is good.

After all the required documents you submit are checked by Axis Bank properly and a sanction letter is provided to you by the bank then, it should take 1 -2 working days for the personal loan to be disbursed.

There are a few additional facts about the Axis Bank Personal Loan that you need to know. They are given below: 

1. Types of Axis Bank Personal Loan:

   There are essentially two types of Axis Bank Personal Loan. They are: 

   1. Personal Loan for Marriage:

      This is a personal loan scheme provided by Axis Bank that helps you fund a ‘Dream Marriage’. 

   2. Personal Loan for Renovation:

       It is a personal loan program that helps you fund expenses involved in renovating existing residential property. 

2. Features of Axis Bank Personal Loan:

   There are few key features of Axis Bank Personal Loan. They are as follows: 

   1. Attractive lowest interest rate 
   2. Flexibility in loan repayment tenures 
   3. Minimal documentation 
   4. Special offers for customers with existing personal loan 
   5. Availability of multiple repayment channels such as NEFT, ECS etc