Personal Loan of Rs 80,000
Are you facing a sudden need for funds? If so, consider opting for a personal Loan, which can cater to various needs such as medical expenses, home improvements, or that long-awaited vacation.
Whether you need a Rs 80,000 personal loan or a higher amount, you can get it easily. However, before proceeding with your loan application, you should be aware of the eligibility criteria and the application procedure.
Let us understand what you require to get a Rs 80,000 personal loan starting from eligibility, necessary documentation, the application process, and different kinds of charges applicable to a personal loan.
Having an idea of these criteria will help you get your Rs 80,000 personal loan and simplify your financing journey.
Features and benefits of a Rs 80,000 personal loan
Money in 24 hours:
Loan approvals and turnaround times are quick today. You can get your loan approved in just a few minutes, with disbursal occurring within a few hours. Just ensure your documentation is in order.
Quick Approval:
If you meet all the eligibility criteria, your loan is processed quickly. Axis Bank offers a user-friendly interface that allows you to navigate your loan options quickly, facilitating fast loan approvals.
Hassle-free Paperwork:
The application process is streamlined and requires minimal paperwork, helping you save time, and reducing paperwork-related stress.
Special Loan Offers:
Existing Axis Bank customers can check for pre-qualified loans, which come with various offers and low interest rates.
Repayment Flexibility:
You can choose from various repayment plans to suit your financial situation. The repayment tenure can extend up to 60 months, empowering you to make payments comfortably. You can plan your Rs 80,000 loan EMI in
advance.
No Undisclosed Costs:
Benefit from transparent terms with no hidden fees or charges, providing clarity and confidence throughout the loan term without any surprises.
No Collateral Needed:
Obtain a personal loan without any collateral, safeguarding your assets and providing peace of mind while accessing the necessary funds.
Easy Loan Management:
Access Axis Bank's loan management portal and mobile banking application, allowing you to stay organised and in control of your finances with ease and convenience.
Quick and paperless process:
Apply online and get instant approval for 24x7 Personal Loans within 30 seconds, thanks to video KYC and avoid the hassle of paperwork.
How to apply for a Rs 80,000 Personal Loan?
- To start your Rs 80,000 loan application, click on this link.
- Enter your mobile number and select Date of Birth or PAN.
- Verify your mobile with the OTP.
- Upload six-month bank statements and salary slips.
- Complete eKYC and Video KYC.
- Authenticate Aadhaar with OTP.
- Provide employment and education details.
- Choose loan amount and tenure. Confirm details and click "avail now".
- Congratulations! Your Rs 80,000 loan is approved. Funds disbursed within hours.
Eligibility Criteria to get Personal Loan of Rs 80,000
- Applicants must be aged between 21 and 60 years of age.
- A monthly income of Rs 15,000 is required for existing Axis Bank customers and Rs 25,000 for new customers.
- The loan is available only to salaried employees and practising doctors.
- Preferably a CIBIL score in the range of 720 to 750.
Documents Required for Rs 80,000 Personal Loan
- Last 3 Months Bank Statements
- 3 latest Salary Slips with the latest Form 16.
- KYC documents: (anyone from the list)
- Passport
- Driving licence
- PAN Card
- Aadhaar Card with date of birth
- Voter's ID
Additional Documents for Salaried Individuals for Personal Loan for 80,000 include
- Identity verification: PAN Card, passport, driving licence or voter ID card
- Residential proof: Current utility bill (within the past 3 months), passport or Licence Agreement Financial records: Bank statements from the last 3 months
- Income evidence: Salary slips from the previous 3 months
- Photographic identification: Recent passport-sized photographs
Note: This is an indicative list and the bank may ask for additional documents on a case-to-case basis
Rs 80,000 Personal Loan Fees & Charges
Fees and Charges to avail a loan for Rs 80,000
| Type of Charges
| Charges |
|---|
| Repayment instruction / Instrument return charges | Rs 339/- per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable |
| Swap charges (Cheque/Instrument) | Rs 500/- per instance + GST as applicable |
| Penal Interest | @24% per annum i.e. 2% per month on the overdue instalment. |
| Duplicate statement issuance charges | Rs 250/- per instance per set + GST as applicable. |
| Duplicate Amortisation schedule issuance charges | Rs 250/- per instance per set + GST as applicable. |
| Credit Information Companies (CICs) Report Issuance Charges | Rs 50/- per instance per set + GST as applicable. |
| No Dues Certificate generation charges (Duplicate) | Rs50 per instance per set + GST as applicable. |
| Stamp Duty Charges | As per State Stamp Act |
| Part Payment / Pre-Payment Charges | 5% + GST (as applicable) For loans disbursed 4th October, 2023 onwards: Fee for more than 36 months, 2% fee is applicable otherwise 3% |
| Processing fee charges | up to 2% of the loan amount + GST as applicable |
