Axis Bank is third-largest Indian Bank offering varied financial products. Market capitalization is about ₹2.31 Trillion as on March 31, 2020. Bank was established in 1933 as UTI Bank and changed its name to Axis Bank in 2007.

Axis Bank offers personal loan with no foreclosure and part payment charges. Personal loans come in handy for numerous reasons like medical emergency, vacation, renovation of home or office, planning a dream wedding, education and upgrading accessories or home appliances.

Axis Bank offers personal loan ranging from Rs. 50,000 up to Rs. 15,00,000 with very less documentation and fast approval process. Bank also offers transfer of the existing loan from other banks with high interest to their bank to lessen the burden of the customer on paying the excess amount as interest.

Bank provides a tenure ranging from 12 to 60 months with an option of EMI (Equated Monthly Installment). If customers have an Axis Bank account then they may avail the best rate of interest.

Bank’s has simplified eligibility criteria categorizing as a salaried class and business class with a minimum age limit of 21 years and maximum of 60 years at the time of maturity of personal loan and a net income of a minimum of Rs. 15000/-. Documents that are required for applying loan are dully filled in the application form, KYC documents and loan agreement/ECS forms.

Bank’s Rate of interest ranges from 12% to 24% per annum.

Faster processing of loan without too many hurdles as most of the processing is online and keeps the customer updated of the loan status.