Axis Bank Salaried Employee Personal Loan

In today’s fast-paced world, financial needs can arise unexpectedly, often requiring swift and reliable solutions. For salaried individuals, finding a financial lifeline that is both accessible and trustworthy can be a daunting task. This is where Axis Bank steps in, offering a beacon of hope with its tailor-made personal loan options for salaried employees. Designed to cater to the diverse needs of working professionals, Axis Bank’s personal loan scheme is not just a financial product but a stepping stone towards achieving personal goals and addressing unforeseen expenses. Today, we will talk about Axis Bank salaried employee personal loan and what you should know about them.

Axis Bank Salaried Employee Instant Loan – Highlights

Here are the highlights of the Axis Bank Personal Loan for salaried employees.

Comparing Axis Bank Salaried Employee Personal Loan with other Banks

Here is a quick comparison between Axis Bank personal loans and those of its competitors. 

Axis Bank Salaried Employee Personal Loan – Fees and Charges

Individuals opting for personal loans from Axis Bank should know the additional costs involved. These include:

• A processing charge may be as high as 2% of the total loan value, with an added Goods and Services Tax (GST).
• The GST applicable to banking services is currently set at 18%.
• Additional expenses, such as those for verifying documents and stamp duty, may arise.

Axis Bank Salaried Employee Personal Loan – Documents Required

When applying for a personal loan at Axis Bank, salaried employees will be required to provide a set of specific documents. These usually include:

• A completed loan application form.
• Documents for KYC (Know Your Customer) verification. It could be any of the following: an Aadhar Card, a Voter’s ID, a valid passport, utility bills, and other similar documents.
• Proof of income, such as the most recent two months’ salary slips, two months’ bank statements, or evidence of employment for the past year.

Axis Bank Salaried Employee Personal Loan Eligibility Criteria

The following are the basic eligibility criteria for Axis Bank personal loans for salaried employees. 

• Eligible Borrowers: Employees of private/public companies, salaried doctors, government employees 
• Age Limit: 21-60 years
• Minimum monthly income: ₹15,000 
• A healthy credit score