Which loans are provided by Axis Bank?
Axis Bank Loans
HDFC, ICICI, Bajaj Finserv, Tata Capital, and Kotak Mahindra are some of the banks that offer best personal loans in India.08-Dec-2022
Is it possible to get loan from Axis Bank?
You can get a Personal Loan from Rs. 50,000 upto Rs. 40,00,000 with minimal documentation and speedy approval from Axis Bank. Also, you can transfer your existing high interest Personal Loan to Axis Bank as well.
Axis Bank personal loans can be granted within 48 hours or at times even the same day of application. Flexibility of amount and time: You can get a personal loan for amounts ranging from Rs. 50,000 to Rs 15 lakh for any period between 12 and 60 months.
What are the 4 types of loans?
The lender decides a fixed rate of interest that you must pay on the money you borrow, along with the principal amount borrowed.Types of secured loans
Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods. Unsubsidized Loans are loans for both undergraduate and graduate students that are not based on financial need.07-Jul-2022
Which is best loan with low interest?
Lowest Personal Loan Interest Rate in India
The best way to get a loan immediately is to apply online for a personal loan from a lender known for quick approval and funding. The best lender for fast personal loans is LightStream because it funds loans as soon as the same day and has low APRs, large loan amounts, long payoff periods and no origination fee.08-Dec-2022
Is it possible to get loan without job?
You can get a loan against your future income if it's in the form of rent receivables. Rent receivables will be your saviour during a financial crunch and can help you get a loan. However, your property must be approved by the local government authorities.
Best Personal Loans for Individuals with Low Salaries
Who is eligible for personal loan?
You need to be a residing citizen of India. You should be aged between 21 years and 67 years* You need to be employed with a private, public limited company, or an MNC. You should have a minimum CIBIL score of 750.
Axis Bank offers Personal Loans ranging from Rs 50,000 to Rs 40 Lakhs, with minimal documentation and quick processing.
What is the EMI for 4 lakhs personal loan?
4 lakh at 14% interest with a repayment tenor of two years. In that case, you need to pay an EMI of Rs. 19,205 with a total interest payable of Rs. 60,925.
Borrowers may be allowed to foreclose or prepay their loan 6 months after the date it has been disbursed, without any prepayment penalty.
Can I take personal loan 2 times?
Yes, you can take more than one personal loan, as there are no restrictions. But, you would need to meet the eligibility criteria like income, job stability, age, credit score, existing loans etc., to avail the second loan.
Here are five common requirements that financial institutions look at when evaluating loan applications.
What are the 2 main types of loans?
Secured And Unsecured Loans The loan amount and interest rates depend on the value of the offered asset, along with your credit score and income. Interest rates are generally lower because the collateral offers a lower risk to the lender. The most common types of secured loans are auto loans and mortgages.
An interest rate tells you how high the cost of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest rate is the amount you are charged for borrowing money, shown as a percentage of the total amount of the loan.
Can you get a 0% interest rate?
Zero percent financing deals are generally reserved for borrowers with excellent credit — typically classified as a credit score of 800 and above. You'll want to review your credit reports on your own before you start shopping for auto financing.01-Dec-2022
As its name suggests, a zero-interest loan is one where only the principal balance must be repaid, provided that the borrower honors the rigid deadline by which the entire balance must be satisfied. Failure to comply with the deadline carries hefty penalties.
What is the lowest loan amount?
What's the lowest amount you can borrow with a personal loan? For the most personal loan lenders, $1,000-$5,000 is the lowest amount you can borrow.
Which loans are provided by Axis Bank?