Looking for a high-value personal loan with flexible terms and quick processing? Axis Bank offers personal loans up to ₹40 lakhs with multiple benefits, even for those with limited credit history or special income sources.
Let’s break down all the features in simple terms:
🔹 Why Choose Axis Bank Personal Loan? (USPs)
- 💰 Loan Amount: Up to ₹40 lakhs
- 📆 Loan Tenure: Up to 84 months (7 years)
- 💸 Interest Rate: Starts at just 11.15%
- 🧮 FOIR (Fixed Obligation to Income Ratio): Up to 80% allowed
- 💳 Balance Transfer (BT): Transfer existing loans or credit card dues up to ₹40 lakhs
- 🔁 BT Eligibility:
- Loans from listed banks/NBFCs/Fintechs
- After 6 EMIs are paid
- Up to 5 takeovers allowed
- 👮♂️ Defence Personnel: Eligible for funding up to ₹40 lakhs
- 🏢 Unlisted Companies: Employees can get loans up to ₹15 lakhs
- 💑 Joint Income Option: Spouse’s income considered with 0% to 50% home loan EMI obligation
- 🔁 Income Considered: Bonus, incentives, pension, rent, FD interest, and dividend are added to income for eligibility
- 📊 0/-1 CIBIL Score? You can still get up to ₹15 lakhs
- 📉 Low EMI History? Even if last 6 EMIs weren’t paid, funding is still possible
- 💼 LIC Agents & Doctors: Can get up to ₹40 lakhs under PL Consultant Program
👔 Eligibility Criteria
- ✅ Minimum Age: 21 years
- 🚫 Maximum Age: 60 years
- 🧾 Credit Score: CIBIL score of 740 or above preferred
- 💵 Minimum Net Monthly Income (NMI):
- Listed Companies: ₹25,000
- Unlisted/Category D Companies: ₹40,000
- Overall Minimums: ₹35K/₹50K/₹75K depending on applicant profile
- 📈 Minimum Loan Amount: ₹2 lakhs
🔁 Balance Transfer Details
- 📌 Transfer credit card or personal loans
- 🕐 BT loan must have minimum 6 EMIs cleared
- 🔄 Max 5 BTs allowed per case
- 💳 OD BT allowed for Bajaj & Tata loans (after 6 EMIs)
🧾 Documents Required
- 📸 1 Passport-size Photo
- 🆔 PAN Card
- 🏠 Current Address Proof
- 🧾 3 Months’ Salary Slips
- 🏦 3 Months’ Bank Statement
- 📄 Loan Schedule OR 6-month repayment bank statement (for BT)
📝 Final Thoughts
Axis Bank’s personal loan is ideal for salaried individuals with a good repayment history or even those with limited credit background. With high FOIR flexibility, wide eligibility, and loan amounts up to ₹40 lakhs, it’s a strong choice for funding personal or professional needs.
💬 Want help applying or understanding more? Drop your contact, and we’ll guide you step-by-step! Apply Here
