Posted by Axis Bank Loan Application Status
Bank has given you the option to check the status of the loan application online using the following online methods.
Axis Bank Personal Loan Customer Care:
An individual can check the status of the personal loan application by calling the number 1860415555/ 186005005555 for any financial query.
Axis Bank Branch:
This is an offline method to check personal loan status by visiting Bank physically and meet the officer in charge and get your loan status and associated other details.
How to Check Personal Loan Status Online
Bank provides simple and hassle-free ways to check their personal loan status online. For this, you need to provide the following input like
- Application ID
- Date of Birth
How You Can Track Personal Loan Status
Track your personal loan status using your Mobile Number and Date of Birth:
Many banks use mobile numbers as a point of reference to track personal loan applications. This method is hassle-free and simple to use because customers do not need to remember any unique reference number. Some of the banks ask for a date of birth with the reference number.
Track personal loan status using Reference Number:
just like your mobile number, the reference number is also a unique identifier. This method might be difficult because while tracking your application status you need to keep this number in hand and need to memorize it forever.
Track personal loan status using Net Banking:
Netbanking method is useful for those who they are existing customer of the bank and availing the net banking facility. You can personal loan status using the net banking portal. For this, you need to login to your net banking portal and tab the Loan section, After this process, then you can be able to check the balance on the loan you apply for.
Personal Loan Status Check
Most of us always try to avoid situations where we need to borrow the needed amount from the bank but due to some situations where we need an amount to manage our life without getting in trouble. The situation could be in any form, like you need money for education, for marriage, medical emergencies, bills and payments and could be anything where you need money. Hence, we can clearly see a personal loan is a multipurpose loan. Personal loans are not secured and need to follow strict guidelines to fulfill their criteria before applying it, it could be applied online and offline. Once you are done with all the formalities of loans and then you can check the status of the loan through any of the following methods as mentioned ahead in the article.
How to Apply For a Personal Loan?
Banks provide customers both methods to apply for personal loans either by online method or offline method.
Using online method:
Visit Axis bank’s online portal where you are supposed to provide details such as name, address proof, income certificate, property documents, and employment details in order to apply for a personal loan. Once you are done with documents submission, then the bank will process and verify the provided documents, then you can check your loan amount.
Using Offline method:
visit the bank personally, fill the loan application form properly and clearly with the requisite documents. Generally, this process takes a maximum of 30 days to process your application. To know your loan application status (Approved or Rejected) by calling the customer care number.
What are the Documents Required for Axis Bank Personal Loan
While applying for the personal loan you are required to submit the following documents
- Three passport-sized photograph
- Bank account statement / last six-month passbook details
- Address proof like electricity bill, postpaid bill
- Identity proof ( Voter card, Aadhar Card, PAN card, Driving License)
- IT returns for the three years for self-employed employee
- Form 16 for the last two financial years for salaried employees
Axis Bank Personal Loan Eligibility Criteria
Before applying for a personal loan one should check what are the criteria you have to fulfill in order to get a personal loan easily.
| Age | Min 21 years |
| Max 65 years | |
| Nationality | Indian |
| Employment Type | Salaried or Self-employed |
| Employment status | Employed/In-business for at least 2 yrs. and at least 1 yr. with current employer/business |
| Minimum Income | INR 4000 – INR 20000 per month (Varies according to area, which is higher in cities) |
| Maximum Loan Amount | INR70 lakhs (Based on your repayment capability) |
| Tenure | Min – 6 months |
| Max – 60 months | |
| Credit Score | Preferred 750 and plus |
What are the Factors Affecting Axis Bank Personal Loan Application
There are the number of factors that might cause a problem for you to get a personal loan after completing their eligibility criteria, check those factors in detail which helps you to get a personal loan easily in the future.
- Income: If your income is higher then your possibility is higher to get a higher amount loan because it shows that your repayment capability is good.
- Existing Credit Score: If your credit card score is above 750 then your loan approval chance will be higher. because on the basis of your credit card score the bank decides how much loan will sanction you.
- Credit History: This is another important factor that plays an important role if your credit history is good, then your loan approval possibility is higher. Under the credit history bank easily get to know all the details of the previous loans which you have acquired. So if you are looking for a personal loan then it is important for an individual to maintain a good credit score, if it is not with you then start it today and pay your all dues on time and make a good credit history.
- Housing Situation: Another important factor is, do you live in your own house or in a rental house that determines your loan amount. This is because living in rental property reduces the chances of getting a loan.
- Location: Location also plays an important role like where you live
- Company of Employment: Working with reputed companies for more than a year indicates that you are stable. In short, the better the rating of the company the better chances you have to negotiate on the interest rate.
How to Repay Your Axis Bank Personal Loan
- If you are an existing account holder at the lender bank, SI (Standing Instruction) is the best way to pay your EMI. The EMI will automatically debited at every cycle of the month from the Bank. Another reason is, you do not need to remember about paying the loan EMI every month manually.
- Electronic Clearing Service (ECS): This option is good for those who do not have an account with the bank. you just need to give the lender bank permission to automatically debit loan EMI from your account.
- Post-Dated Cheques (PDCs): This is another method where borrowers need to submit the PDC’s for the duration of the tenure and the bank will submit provided cheque every month on the specified date mentioned by you. This facility is only available in those areas, where SI and ECS facilities are not available
