There are many a time when you need quick cash in such situations you think of borrowing from your friends and dear ones but the problem arises when your dear ones ask back for the money lend even before you could imagine. If you have faced any such situation wherein you felt embarrassed simply because you cannot repay then give it a second thought. Whether it’s a small amount or large you can easily free yourself from all the worries of repaying before time with Axis Bank personal loan. This personal loan fits into your pocket well and whether you plan for a dream holiday, house renovation or just need money to deal with the temporary cash crunch this personal loan could help your dreams become a reality and not a nightmare. All your personal requirements could easily be met through this personal loan and moreover you won’t even feel the burden while repaying them back. This personal loan is available for salaried individuals as well as for business professionals.
You can easily avail the facility depending upon your requirements. The repayment tenure of the loan is also quite large varying from a year to 60 months. If you are concerned about the rate of interest being charged on the loan then you simply need not worry about the factor as the interest rates as absolutely low thereby making it feasible for everyone to get the loan. The procedure of the loan is also simplified and quick so that you do not need to wait for month’s together fighting with your financial crisis. The loan application form and the loan agreement are available online for you to download in order to avoid any inconvenience and save your time from rushing to the bank. It is however essential to meet the eligibility criteria in order to qualify for the personalized loan from Axis Bank.
Eligibility Criteria
The criterion is however different for both salaried and self employed professionals. For the salaried employees the minimum age is 21 years while the maximum being 58 years. The employee should also have a monthly income of INR 15000 on which a loan can be availed up to INR 15 lacs. However for the self employed individuals the minimum age limit is 24 years while the maximum extends up to 65 years. The annual net profit should be INR 2 lacs per annum in order to avail a loan up to INR 20 lacs. The loan interest rates are also quite low as compared to other financial institutions with no prepayment or foreclosure charges.