Home page

AXIS Bank Personal Loan Eligibility

Check your eligibility for an AXIS Bank personal loan. Learn about the credit score, income, age, and other criteria to qualify for the best loan offers from AXIS.

Personal Loan Eligibility Criteria

Understand the key factors that determine your eligibility for an AXIS Bank personal loan. From age and income to employment type and credit history, explore the essential requirements to secure the loan that fits your needs

AXIS Loan Eligibility Criteria
Eligibility FactorMinimum RequirementImpact on Loan Eligibility
Income₹25,000/month (minimum for salaried individuals)Higher income increases loan eligibility and the amount you can borrow.
Credit Score700+A higher score qualifies you for better loan terms and lower interest rates.
Employment StatusSalaried or self-employed (minimum 2 years)Stable employment improves chances; self-employed individuals may need more documentation.
Fixed Obligations to Income Ratio (FOIR)40%-50%A lower FOIR indicates fewer existing EMIs and improves loan eligibility.
Age21 to 60 yearsYounger applicants have a longer tenure but must show steady income.

Eligibility Criteria for Axis Bank Personal Loan

To qualify for a personal loan from Axis Bank, applicants must meet the following requirements:
Age: Applicants should be between 21 years and 60 years at the time of loan maturity.
Income: 
  • For existing Axis Bank customers, the minimum net monthly income required is ₹15,000.
  • For non-Axis Bank customers, the minimum net monthly income is ₹25,000.
Employment Type: The loan is available for salaried individuals employed with public, private, or government entities.
Credit Score: A CIBIL score of 700 or above is preferred for loan eligibility.
Loan Amount: The maximum loan amount is determined based on the applicant's income and repayment capacity

Documents Required for Axis Bank Personal Loan

Applicants need to submit the following documents to process a personal loan application with Axis Bank:
Identity Proof (any one):
  • Aadhaar Card
  • PAN Card
  • Passport
  • Driving License
  • Voter ID
Address Proof (any one):
  • Utility Bill (Electricity/Water/Telephone)
  • Aadhaar Card
  • Passport
  • Rental Agreement
 Income Proof:
  • Last 3 months' salary slips (for salaried individuals).
  • Latest Form 16 or Income Tax Returns.
  • Bank statements of the last 6 months showing salary credits.
Photographs:
  • Recent passport-sized photographs
Other Supporting Documents (if applicable):
  • Loan sanction letters for existing loans (if any). Additional documents may be requested depending on the applicant’s profile and loan amount.

How to Improve Your Eligibility for an Axis Bank Personal Loan

If you're aiming to enhance your chances of securing a personal loan from Axis Bank, consider the following tips:
Maintain a High Credit Score:
  • Ensure your CIBIL score is above 700. Timely repayment of existing loans and credit card bills can help improve your credit score over time.
Boost Your Income Profile: 
  • If possible, demonstrate additional income sources, such as rental income or bonuses. A higher disposable income increases your repayment capacity
Clear Existing Debts:
  • Reduce your debt-to-income ratio by paying off smaller loans or credit card balances. This indicates better financial health to lenders.
Choose an Appropriate Loan Amount:
  • Apply for a loan amount that matches your income and repayment capability. Avoid overestimating your borrowing requirements.
Provide Accurate Documentation:
  • Submit all required documents, such as salary slips, bank statements, and identity proof, without discrepancies. Missing or inconsistent documentation can delay approval.
Consider Co-Applicants:
  • Adding a co-applicant with a stable income or high credit score can enhance your eligibility and increase the loan amount.
Opt for a Longer Tenure:
  • Selecting a longer loan tenure reduces your EMI burden, making it easier to qualify for the loan.
Build a Strong Banking Relationship:
  • Maintaining accounts or other financial products with Axis Bank can improve your chances of approval due to the bank’s familiarity with your financial behavior

For more information please check AXIS Bank Eligibility

FAQs on Axis Bank Personal Loan Eligibility

What is the minimum salary required to be eligible for an Axis Bank personal loan?
For existing Axis Bank customers, the minimum net monthly income required is ₹15,000. For non-Axis Bank customers, the requirement is ₹25,000
A credit score of 700 or above is preferred to enhance your chances of approval
Applicants must be between 21 years and 60 years of age at the time of loan maturity
Axis Bank primarily offers personal loans to salaried individuals. However, selfemployed individuals may explore other Axis Bank loan products tailored to their needs
You need to provide your last three months’ salary slips, six months' bank statements, and the latest Form 16 or Income Tax Returns as income proof

Check Your Eligibility in Minutes!

Get personalized loan options based on your income, current EMI, and credit score. Quick, easy,
and tailored just for you—apply now to see what you qualify for!

 Check Your Eligibility Now