Bank
Axis Bank

Axis Bank Limited (formerly UTI Bank) is the third largest private sector bank in India. It offers financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Business. Axis bank offer loan for salaried person who has a dream vacation, child's education, home renovation or wedding in your family, you can instantly fulfill your aspirations with Axis Bank Personal Loans.

About Home Loan

Axis Bank offers loans to a variety of individuals. Home loan eligibility is determined by various factors such as income, employment status, tenure and so on. Our aim is to provide affordable housing loans to as many individuals and families as possible.

Eligibility Criteria

Salaried Individuals

  • Individuals in permanent service in the Government or reputed companies meet Axis Bank’s Home Loan eligibility criteria
  • Applicants should be above 24 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity.

Professionals

  • Professionals (i.e., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply.
  • Applicants above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.

Self Employed Individuals

  • Any individual filing income tax returns can apply
  • Applicants should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Documents Required

  • Filled Application Form
  • Proof of Identity and Address

Proof of income-

  • Salaried- Latest 3 Months salary slip showing all deductions and Form 16
  • Self Employed- IT returns for the last 2 years and computation of income for the last 2 years certified by a CA
  • Last 6 months Bank statement or Pass Book where salary or income is credited

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

 

About Personal Loan

Be it a dream vacation, child's education, home renovation or wedding in your family, you can instantly fulfil your aspirations with Axis Bank Personal Loans. Axis bank’s personal loans will give you a helping hand meet all your personal requirements.

Eligibility Criteria

Salaried Doctors, employees of select MNCs, Public and Private limited companies, Government sector employees including Public Sector Undertakings and Central and Local bodies can avail Personal Loan subjected to following criteria:

  • Minimum age of applicant: 21 years

  • Maximum age of applicant at loan maturity: 60 years

  • Minimum Net Monthly Income: Rs 15,000

  • Maximum loan available: Rs 15 lakhs

Documents Required

  • Application form.
  • Photograph.
  • Age proof
  • ID proof
  • Income proof
  • Bank statement
  • Residence proof
  • Signature verification proof
  • Post Sanction / Pre Disbursement Documentation
  • Loan Agreement duly signed
  • Standing Instruction (SI) Request / ECS Form / Post Date Cheques (PDCs). 
  • (Security Cheques required for SI and ECS)
  • Qualification or registration proof required for doctors, architects, CA, CS, ICWA, MBA consultant, engineers Documentary proofs required may vary from customer to customer

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Car Loan

Axis Bank offers uniquely tailored Car Loan products that take the pain and hassle out of buying a car. Flexible, transparent, quick, and cost-effective, our Car Loans put the joy back into owning a car.

Eligibility Criteria

Salaried Individuals

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 70 years (Conditions apply)

  • Income: Minimum Net Annual Salary of Rs. 2.4 Lac p.a. for all approved car models

  • Income eligibility: As per latest salary slip and Form 16

  • Employment: Minimum 1 year of continuous employment

Self Employed Individuals

  • Minimum age of applicant: 18 years
  • Maximum age of applicant at loan maturity: 75 years

  • Income: Minimum Net Annual Business income of Rs. 1.8 Lac p.a. for selected models and Rs. 2.0 Lac p.a. for others

  • Income eligibility - As per latest ITR

  • Employment: Minimum 3 yrs in same line of business.

Self Employed Non Individuals

  • Income: Minimum Net Annual Business income of Rs. 1.8 Lac p.a. for selected models and Rs. 2.0 Lac p.a. for others
  • Income eligibility: As per latest 2 year ITRs and audited financial of 2 years along with computation of income

  • Employment: Minimum 3 yrs in same line of business. 

Documents Required

  • Age proof
  • ID proof
  • Application form
  • Photograph
  • Residence proof
  • Income proof
  • Bank statement
  • Signature verification proof
  • Pro-forma Invoice or Rate List

Post Sanction / Pre Disbursement Documentation

  • Loan Agreement duly signed along with RTO set
  • Standing Instruction (SI) Request / ECS Form / Post Date Cheques (PDCs).
  • Security Cheques required for SI and ECS.
  • Margin money receipt

 

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

 

About Education Loan

reach their goals in life. No more would a deserving student have to give away their pursuit of dreams due to lack of money. Our student loans will ensure that worthy students are empowered to take their destiny in to their own hands. Our endeavour is to help the future of our nation in education and prosperity

Eligibility Criteria

  • For eligibility on particular product please contact us or the respective bank

Documents Required

Purpose

Salaried

Others

Proof of identity

Passport or Voter's ID card or driving license or PAN card or government department ID card

Passport or Voter's ID card or driving license or PAN card

Proof of income

Latest salary slip showing all deductions or Form 16 along with recent salary certificate

IT returns for the last 2 years and computation of income for the last 2 years certified by a CA

Proof of residence

Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or existing house lease agreement

Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or existing house lease agreement

Bank statement or Pass Book where salary or income is credited

Last 6 months

Last 6 months

Guarantor form

Optional

Optional

Other Documents

Copy of admission letter of the Institute along with Fees schedule, mark sheets / pass certificates of S.S.C, H.S.C , Degree courses

Copy of admission letter of the Institute along with Fees schedule, mark sheets / pass certificates of S.S.C, H.S.C , Degree courses

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money

About Business Loan

As the name suggests, a "personal loan" is offered for personal use instead of business or commercial purposes. Business loans come in handy when we need money for repairing or renovating our home; we are going on a vacation with family or friends; we are preparing for our child's wedding; and more.

Eligibility Criteria

  • For eligibility on particular product please contact us or the respective bank

Documents Required

 

Self

ID Proof

Passport/driving license/voter ID

Address Proof

Electricity bill/telephone bill

DOB Proof

Certificate of birth/Matriculation certificate

Financial Docs

  • Bank Statements(latest 6 months bank statement /passbook) 
    Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years, certified by a CA
  • Qualification proof of the highest professional degree

 

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

 

About Loan Against Property

Loans Against Property (LAPs) are loans offered by banks and financial institutions after mortgaging freehold property, both residential and commercial. These loans are much better options than personal loans or gold loans during times of financial crises or when you need money to expand your business. LAPs are, therefore, one of the most sought-after loans in India and are even more affordable today on account of the competition in the loans-disbursal market. Not just affordable, LAP are also very easy (or simple) to avail and repay. This is so because real-estate is mortgaged when you avail LAP and real-estate prices rarely dip which makes them much more safer.

Eligibility Criteria

Salaried Individuals

  • Any individual who is in permanent service in government or a reputed company
  • The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to the age of superannuation

Professionals

  • Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply
  • The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Self-employed Individuals

  • Any individual filing Income Tax returns can apply
  • The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Lease Rental Discounting (LRD)

  • All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956. 
  • Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.

Documents Required

Depending on whether you are salaried, or a self-employed professional, or a self-employed businessman, banks ask for different set of documents when offering an LAP. 
The documents to be submitted when applying for an LAP are as follows:

 

For salaried individuals:

  • Proof of identity or residence
  • Latest salary slips
  • Form-16 issued by present employer
  • Bank statements of six months preceding the month in which loan is applied for
  • A cheque covering the administrative costs incurred by the bank in processing the application
  • A cheque covering the processing fee charged by the bank

 

For Self-employed Professionals:

  • Proof of identity or residence
  • Educational qualification certificates, degrees, diplomas, and other academic credentials
  • IT Returns of the three years preceding the one in which loan is applied for
  • Bank statements of six months preceding the one in which loan is applied for

 

For Self-employed Businesspersons:

 

  • Proof of identity or residence
  • Educational qualification certificates, degrees, diplomas, and other academic credentials
  • Proof of existence of business
  • Detailed business profile
  • Profit and loss sheet and balance sheets of the company for the three years preceding the one in which loan is applied for
  • IT Returns (of both self and the company) of the three years preceding the one in which loan is applied for
  • Bank statements of the six months preceding the one in which loan is applied for

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

 

About Loan Against Car

Your Car Loan makes you eligible for a pre-approved cash loan. With no income documents required, getting a loan couldn’t get any easier.

Eligibility Criteria

  • By Invitation Product, You will receive a communication from us in case you qualify for the offer

Documents Required

  • Age proof
  • ID proof
  • Application form
  • Photograph
  • Residence proof
  • Post Sanction / Pre Disbursement Documentation
  • Loan Agreement duly signed along with RTO set
  • Standing Instruction (SI) Request / ECS Form / Post Date Cheques (PDCs). Security Cheques required for SI and ECS

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer