Benefits Of AXIS Bank Personal Loan
Personal loans are the easily available financial assistances from banks. Hassle less processing is the main advantage of these loans. Individuals are offered personal loans on the basis of their financial status and previous credit rating. Their interest rates are reasonable with convenient repayment tenure. There is no need to pledge any collateral for availing these loans. Since, personal loans are not meant for any particular purpose, they can be used for wide range of requirements. These financial assistances are more ideal for necessities like vacation trips, marriages, medical expenses, exam fees etc. Axis bank arranges quick and easy personal loans to their customers for meeting all emergency needs.
Availability of personal loans
People belong to the age group 21 to 60 are eligible to get Axis bank personal loans. For securing these loans, they are required to furnish relevant documents to prove identity, address, asset, and bank statements for the last three months, latest salary slips etc. Borrowers can prepay the outstanding premiums any time, if necessary. No separate fee is charged in this regard.
Features of Axis bank personal loan
- Axis bank Personal loans are the ideal financial assistance for all sorts of short term requirements.
- There are separate personal loans meant for professionals like doctors, engineers, architects, charted accountant etc.
- Loans are offered from Rs. 50,000 to Rs. 20, 00000 according to their requirements and financial status.
- Repayment periods are very attractive which varies from 12 to 60 months.
- The interest rates are competitive according to the prevailing market trends.
- Axis bank arranges accident insurance coverage to personal loan borrowers.
- The applicants need not specify the usage of personal loans.
- These loans are easily available to salaried as well as self employed individuals.
- There are facilities to transfer balance for those who want to withdraw from higher liabilities.
- Axis bank personal loans are also available to applicants depending upon their previous repayment ratings.
- Individuals having life insurance coverage are offered Axis bank loans against their premium receipts.
- Loans are granted by arranging zero balance savings bank account in favor of the respective customers.
- Easy dealings and less paper works enable the loans to be granted within no time.
- There are also facilities to apply these loans through online.
- Processing charge is only 2 % which will be deducted from the loan amount.
The personal loans with additional benefits arranged by Axis bank are attractive and affordable to common people. The intention in offering personal loans to customers is for meeting their urgent requirements when they are hardly in need of money. The accident insurance coverage offered to personal loan borrowers is really an appreciable factor. Their interest rates and repayment terms are very much competitive when compared to the personal loans of other banks. The hassle free nature and flexible features of these loans have made them popular among loan borrowers.
Personal Loan in Mumbai
Whatever be the reason, you no longer need to hold yourself back, just choose Personal Loan from any bank and put all your worries to rest. Oneshopfinance offers quotes for Personal Loan in Mumbai.
Compare personal loan offers and get best deals on personal loans in India from banks. Get Low Interest Rate Personal Loans .Get personal loans upto 17 Lakhs and upto 7 Years. Get short term and long term personal loans. Get Unsecured Personal Loan. Get Loans from Bank in Mumbai, A number of factors are taken into account when assessing your repayment capacity. Your income, age, number of dependants, qualifications, assets and liabilities, stability/ continuity
To qualify for a personal loan, the following criteria apply
- Applicant can be a salaried / self-employed individuals and should be a resident Indians.
- Professional self-employed individuals eligible for a personal loan are Doctors, Chartered Accountants, Cost Accountants, Company Secretaries, Architects, Engineers and Management Graduates.
- The minimum age of the Applicant / Guarantor should be 21 years for salaried and self-employed individuals.
- The maximum age of the Applicant / Guarantor at loan maturity should be 58 years for salaried individuals (60 years for Central Govt. employees) and 65 years for self-employed individuals.
- The minimum years in continuous employment / business should be 1 year for salaried individuals and 2 years for self-employed individuals.
- The minimum net annual income should be Rs.75,000 p.a. (including co-applicant’s or applicant’s income) for salaried and self-employed individuals.(Different banks Have different income criterias).
- The minimum stay at current residence should be 1 year for salaried and self-employed individuals
Documents required
1. Complete loan application form with 4 photographs.
2. Proof of Applicant’s Identity (any one of the following) Passport, Photo Pan Card, Voter’s Identity Card, Photo Ration Card, Defence Identity Card, Driving Licence, and Government Identity Card
3. Proof of Residence
- Passport
- Telephone (Land/Mobile) Bill
- Driving Licence
- Ration Card
- Electricity Bill
- Society Outgoing Bill
4. Age proofing certificate
- Passport
- Birth Certificate
- LIC Policy or Premium clearly indicating the applicant’s age
- Voter’s Identity Card
- School Leaving Certificate
5. Financial documents
- Salaried Individuals
- Latest salary slip showing statutory deductions OR Form 16 (Declaration from employer giving details of income and deductions, duly signed by an authorized signatory of the company)
- Latest acknowledged IT Return and Bank statements for the last 3 months
Below is list of Local Banks and also Overseas banks available in mumbai (India) for all type of banking transactions and other utilities available like Personal loans, Housing Loans, Saving and Current account openings, Special NRI accounts and Terms of Banks for banks doing foreign exchange transactions and Mortgage related details.
- Reserve Bank Of India
- State Bank of India
- Standard Chartered
- HDFC Bank
- HSBC BANK
- ICICI Bank
- Citi Bank
- UTI Bank (Now AXIS Bank)
- Bank of Baroda
- Allahabad Bank
- Kotak Mahindra
- Federal Bank
- Canara Bank
- UCO Bank
- Corporation Bank
- Andhra Bank
- Union Bank of India
- Syndicate Bank
- Bank of Punjab
- Centurion Bank Of Punjab
- Indian Bank
- ABN AMRO
- Central Bank of India
- Dena Bank
- Vijaya Bank
- Ingvysyabank.com
- Bank of Maharashtra
- South Indian Bank
- The Bank of Rajasthan
- Punjab national Bank
- State Bank Of Mysore
- IDBI Bank
- Oriental Bank Of Commerce
- Deutsche Bank
Personal Loan in Delhi
A personal loan is an-all purpose loan for your own personal use. It could be for any expenses such as funding holidays, purchase of consumer durables, medical expenses, wedding expenses, buying jewellery, down-payment for a home loan, transfer of credit card outstanding, or sudden business requirement. Loans are available from Rs. 20000 to Rs. 20 lakh for any purpose depending on your requirement.
There are numerous opportunities to avail a loan and financing institutions have spared no effort to push their services. This brings in a situation where an individual is made to believe that he or she requires a loan. With this mind frame people tend to take loans without assessing the necessity for it and think of ways to spend it after availing of it. One should always determine the cause for opting for a loan and get one only if there is an absolute necessary.
“THE COMPANIONS”, a Delhi based company which is an associate of Financial Services with Market Leading Banks fulfilling requirements of Personal Loans and Business loans of individuals and companies. Personal Loan / Business loans are an UNSECURED LOAN and NO COLLATERAL or GAURANTOR is pledged or taken. The loan can be availed for any reason e.g. Marriage, Education, Investments, Vacations, Construction or Renovation etc. The Companions provide assistance in Delhi.
Loan can be availed ranging from 1 Lac to 200 Lacs.
HSBC Bank India offers personal loan scheme from the EMI (Equated Monthly Installment) is lower in the first year and higher in the subsequent years. This is probably to reduce the repayment burden on you at a time when you clearly need money for some purpose.
Another feature is that you can get a personal loan sanctioned for a higher amount, use a lower amount and pay interest on the amount actually used. Let’s say you apply for and get approval for a loan of Rs.2 lakhs but actually use only Rs.1.5 lakhs, you’ll have to pay interest on only 1.5 lakhs and not the full amount of personal loan sanctioned.
The HSBC Bank Personal loan is available to salaried/self employed persons between 21 years and 58 years of age. The upper limit for Central Government employees is 60 years while it is 65 years for the self employed. Salaried individuals need to be in continuous employment for atleast 1 year while self employed people need to be in employment for atleast 2 years.
To qualify for a personal loan, the following criteria apply
- Applicant can be a salaried / self-employed individuals and should be a resident Indians.
- Professional self-employed individuals eligible for a personal loan are Doctors, Chartered Accountants, Cost Accountants, Company Secretaries, Architects, Engineers and Management Graduates.
- The minimum age of the Applicant / Guarantor should be 21 years for salaried and self-employed individuals.
- The maximum age of the Applicant / Guarantor at loan maturity should be 58 years for salaried individuals (60 years for Central Govt. employees) and 65 years for self-employed individuals.
- The minimum years in continuous employment / business should be 1 year for salaried individuals and 2 years for self-employed individuals.
- The minimum net annual income should be Rs.75,000 p.a. (including co-applicant’s or applicant’s income) for salaried and self-employed individuals. (Different banks have different income criterias).
- The minimum stay at current residence should be 1 year for salaried and self-employed individuals.
« Older Posts — Newer Posts »