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4th March 2016, 02:45 PM
Super Moderator
 
Join Date: May 2012
Re: Axis Personal Loan

Hey buddy the Axis Bank Limited is the third largest private sector bank in India. Axis Bank's stake holders include prominent national and international entities.




Personal loan eligibility for Salaried Employees


Salaried Doctors, employees of select MNCs, Public and Private limited companies,
Government sector employees including Public Sector Undertakings and Central and
Local bodies:

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 lacs


Personal loan Interest Rates & Charges

Interest Rates & Charges

Rate of Interest 15.50% to 24%

Loan Processing Charges 1.50% to 2.00% + Service Tax as applicable

Cheque Bounce Charges Rs. 500 per cheque bounce + Service Tax as applicable

Cheque/ Instrument Swap charges Rs.500 per instance + Service Tax as applicable

Prepayment/ Forclosure Charges Nil

Default Interest Rate @24.00% per annum i.e 2% per month on the overdue installment



Salient Feature

Loans available for salaried individuals

Loans are available from Rs 50,000/- to Rs 15,00,000/-

Repayment tenures from 12 to 60 months

Best in Class Rate of Interest

Loans at higher rates can be transferred to Axis Bank with our Balance transfer facility.

Simplified documentation.

Simple procedure, minimal documentation and quick approval

As of 31 Dec. 2013, approximately 43% of the shares are owned by Foreign Institutional Investors


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