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June 3, 2025
AXIS Bank has established a legacy of consistent growth and is synonymous with trust, offering a range of banking and retail finance services, including secure and unsecured loans.
Personal Loans from AXIS Bank are easily accessible and disbursed with speed. Over the years, the AXIS Bank has created a niche for itself in the Personal Loan segment. As Personal Loans are provided without security, the Bank must ensure that repayments are received promptly. To this effect, an applicant must fulfil the eligibility criteria to obtain a Personal Loan from AXIS Bank. Listed below are the AXIS Bank Personal Loan Eligibility features:
The applicant must be over 23 years of age and may repay the Personal Loan until the age of 62. They must be gainfully employed, earning a regular income, and have at least two years of work experience. The Axis Bank Personal Loan minimum salary requirement is ₹25,000 or more, as per the Axis Bank Personal Loan Eligibility Criteria.
Employment Criteria: The applicant’s employer must be listed in the AXIS Bank Company Category of Approved Companies for sourcing Personal Loans. If you hold a salary account with AXIS Bank, your request is processed if you are employed with a Non-Listed Company.
CIBIL Score and Credit History: The applicant’s CIBIL Score must be 750 points or above, and there should be no significant aberrations in their CIBIL History. If the Axis Bank Personal Loan Eligibility CIBIL Score is above the required benchmark and the Application score is met, the applicant is processed further.
Application Score: AXIS Bank has its eligibility criteria and provides an application score online once the customer details are submitted. If the system approves the application, the process will continue otherwise, the request will be denied.
Loan Amount: The loan amount is calculated based on the applicant’s net income and current obligations, including EMI payments for other loans and Credit Card debts. The method used is the FOIR, or fixed obligations against the income ratio.
Illustration of a Calculation as Per the FOIR Method
The applicant is eligible to pay an EMI of ₹ 5,000 per month. By using a Personal Loan EMI Calculator, applicants can select a suitable tenure and verify their Personal Loan Eligibility. According to the specifications above, the applicant qualifies for a Personal Loan amount of ₹ 225000/- with a repayment tenure of 60 months.
Interest Rate for Axis Bank Personal Loan: The Interest Rate for a Personal Loan from AXIS Bank is issued based on the following.
The company category of the applicant’s employer, according to the AXIS Bank Company Category List, is classified as follows: Cat A is the premier category, Cat B includes other limited and government organisations, and Cat C features other eligible companies.
The Personal Loan amount approved by AXIS Bank carries an interest rate starting at 10.69% on a diminishing balance for loans of ₹15 lakhs and above, available to applicants employed by a CAT A company. In contrast, an applicant employed by a CAT C company is offered an interest rate of 15% for a loan of ₹2 lakhs.
The Axis Bank Personal Loan Interest Rate for salary account holders is discounted, and the best terms and conditions are offered to those with a vintage salary account at AXIS Bank.
Personal Loan Balance Transfer: AXIS Bank offers to take over an existing Personal Loan via a Balance Transfer. The eligibility criteria for a Personal Loan Balance transfer to AXIS Bank are as follows:
Personal Loan Top-Up: Existing AXIS Bank Personal Loan holders can apply for an additional amount as a Top-Up to their existing loan, subject to the following terms and conditions of the AXIS Bank Personal Loan Top-up Eligibility.
Personal Loan offers from AXIS Finance: AXIS Finance, a wholly owned subsidiary of AXIS Bank, offers Personal Loans to customers who are not able to meet the Eligibility Criteria of Banks. The assistance provided by AXIS Bank is as follows.
CIBIL Score Below 750 Points: AXIS Finance accepts applications for a Personal Loan with a CIBIL Score of around 700. Helpful for applicants who have not been using credit extensively or have been unable to build a Credit Score due to other reasons, unless the applicant is a defaulter or has current payment bounces. AXIS Finance considers the case on its merits. The applicant must fulfil the eligibility criteria of AXIS Bank Personal Loan Eligibility for salaried individuals.
Balance Transfer of Credit Card Dues: An overdue Credit Card bill attracts a finance charge of 36% to 38% per annum. If unable to pay the amount, it can spiral and lead to a debt cycle. AXIS Finance offers a personal loan for paying Credit Card dues. With a reasonable interest rate and a suitable tenure, Credit Card dues can be paid with a Personal Loan. This offer is available to applicants whose profile meets the Eligibility Criteria of AXIS Finance.
AXIS Bank is now competing with leading retail lending providers, such as HDFC Bank and ICICI Bank, by offering applicants the ease of processing and the convenience of an AXIS Bank Personal Loan Eligibility Check Online. The Axis Bank Personal Loan Eligibility Calculator integrates these inputs, which encompass individual, professional, and financial aspects. Fulfilling this criterion is essential to process an application for an AXIS Personal Loan.” At Yourloanadvisors.com, we strive to provide comprehensive information to our valued customers about the factors that influence Eligibility for a Personal Loan from AXIS Bank.
