Axis Bank Frequently Asked Questions(FAQ)
What is a personal loan and how can it help me?
A personal loan is the cash borrowed from the bank when you have to take care of expenditures related to your immediate personal life. For example, hosting your child’s birthday party, managing the marriage of your sister, getting the house renovated and a host of other things fall in this category. You can also apply for personal loan in Bangalore when you are looking for some extra cash to be pumped into your business.
What is the best way to apply for a Axis Bank personal loan in Bangalore?
The simplest way to apply for AXIS personal loan is to simply register your request online. Once your request reaches the bank, an executive from the bank will get in touch with you and guide you through the entire process. You can also walk into the nearest branch and talk to one of our officers to process your request.
What is the turn-around time for an AXIS bank personal loan request?
Axis Bank specializes in offering best in class customer service which in turn means that as soon as you register your request, the bank officials will start work on it. Usually, a personal loan application is cleared fast. However, you will surely get the final reply from the bank latest within 30 working days provided the documents are in order and all the eligibility criteria are met.
What is the maximum amount of loan that one can apply in Axis Bank?
When you are applying for an Axis bank personal loan, you can get a sanction for a maximum amount of fifty lakhs. However, you need to understand that the amount sanctioned varies from person to person since it depends on the eligibility of the individual and the payment capacity.
Do I need to pay a fee while applying for a Axis Bank personal loan?
In case of a loan, the bank levies a processing fee which again differs according to the amount that you have applied for. The processing charge to avail of an Axis Bank Personal Loan ranges between 1.5% to 2% of the loan amount plus service tax as applicable.
How to keep track of my Axis Bank personal loan account?
When you apply to Axis Bank, keeping track of your personal loan account is easy. You can ask for a statement of account as well as repayment schedule at the nearest branch or simply register your request online. Customers can also get the details from the Axis Bank call centre.
What are my different options to pay Axis Bank personal loan EMI?
At Axis Bank, we offer three options to pay your monthly installments: Standing Instruction (SI): This is the ideal option for people with a salary account. You can give your branch standing instructions to release the fix amount or EMI towards repayment of your personal loan every month.
Electronic Clearing Service (ECS): For non-Axis account holders, this is again a convenient option where they can use online banking to transfer the EMI amount to their Axis Bank personal loan account.
Post-Dated Cheques (PDCs): Submit post dated cheques at the bank so that you can just maintain the balance instead of being bothered about keeping track of the date of paying the EMI.
Do I have to pay for foreclosure of part prepayment?
Axis Bank does not levy any charges for par prepayment. Even in case of foreclosure, the bank will ensure that the outstanding dues are cleared and process the request without any extra charge.
How to check personal loan application status in Axis bank?
For Axis personal loan status, applicant can check their loan status by using the respective loan application ID. For further assistance, please contact our customer care executives by dialing +91 9964959412, who can assist individual people regarding availing personal loans from Axis bank.
Click here to view the status of your Axis Bank Personal Loan application.