Are you in need of a personal loan? If yes, you must be looking for a lender that can offer you the best deal, isn't it? But, one of the biggest problems is to find the best lender, right? With the availability of many top lenders in the marketplace, it would not be wrong to say that it is not everyone's cup of tea to find a lender, which is best for you. But, nothing to worry because if you are reading this article, we have some special for you. Now, you don't need to search for the best lender as axis bank personal loan is here to meet all your needs in the best possible way. Yes, being the third largest private sector bank of the country, there is no denying the fact that this lender is undoubtedly the best when it comes to offering the personal loan.
To know more about this product, kindly take a look at the page below.
The bank offers a loan to the individual/s at an interest rate of 15.50%-24% per annum for a loan amount of upto ₹15,00,000. You can avail this credit facility upto a tenure of 5 years along with paying a simple one-time processing fee of ₹1.50%-2% of the loan amount. Not only this, if anyhow you defaulted on your loan or due to some reason missed one payment, you will be charged an interest of 2% per month on the overdue installment/s. Apart from this, there are various other related fee and charges that you need to pay such as prepayment/foreclosure charges are Nil, cheque bounce charges are ₹500, cheque/instrument swap charges are ₹500, etc.
Now, you are done with knowing the basic details of this credit facility offered by this private sector bank, it is also important for you to know about the loan eligibility criteria for the same. Take a look below and know your eligibility.
You are eligible for a loan if you are:
After all the basic product details, it's crucial that you should be aware of your EMIs of the same. Yes, it would be advisable to calculate your monthly installments before availing the loan because through this way you would know whether the loan is going to be pocket-friendly for you or not? Paying the EMIs each month will be lighter on your pocket or not? And, this can only be one with the help of a smart and effective device called personal loan EMI calculator that actually allows you to know the exact amount of your EMIs in a hassle-free manner. You just need to feed the loan amount, tenure and interest rate into the calculator and it will fetch the results for you within few seconds.
Last but not the least, you should also know the features and benefits of availing the personal loan axis bank. To know the same, take a look below.