Personal Loan

Apply online or visit a branch, submit the required documents or complete the 100% digital journey online, and get quick approval.

Online loan applications may receive approval within minutes to a few hours, while traditional applications might take a few days.

Online applications offer convenience, faster processing, easy comparison, and minimal documentation.

A good credit score reflects creditworthiness, improving the chances of loan approval and favourable terms.

Personal loans don't typically offer tax benefits, unlike home loans which have certain exemptions.

Axis Bank offers Personal Loan for a maximum tenure of 5 years. The tenure will also depend on the loan amount.

Repayments are made through Equated Monthly Installments (EMIs) comprising principal and interest.

Commonly required documents include identity proof, address proof, income proof, and bank statements. These include Aadhaar, PAN, Voter ID, salary slips for salaried individuals and bank statements for non-salaried individuals and tax returns. One can also verify income online as well as verify KYC online via 100% digital process.

Approval times vary but can range from a few minutes for online applications to a few days for traditional ones.

A Personal loan can be used for any purpose such as a medical emergency, wedding, travel, educational purpose, home renovation, etc. Business loans are specifically meant for business purposes and involve different eligibility criteria and terms.