Axis Bank CIBIL Score Check Is Necessary?

When you apply for a loan at Axis Bank, do you check your CIBIL score beforehand? If you do, what do you think when you look at the score? Will you be able to get a loan with that score? Well, for unsecured loans, there is a requirement of minimum 750 score. But, for secured loans such as home loans, the relevance of CIBIL score is very low.

Axis Bank loans are given on the basis of income and repayment capacity. The eligibility criteria for car loan, home loan and personal loan is given in this article.

What is the procedure for CIBIL Score check?

Wondering how to check free my CIBIL score, follow the below steps:

1. Go to check CIBIL score check website
2. Provide your full name as mentioned on the PAN card
3. Enter your Date of Birth
4. Choose the gender you belong to
5. Mention your PAN card number
6. Enter your contact address
7. Provide the email ID fn which you want to get the credit report
8. Enter your mobile number
9. Submit the form

Axis Bank Home Loan Eligibility Criteria

For Salaried-

• The candidate must be in changeless administration in the Government or in rumored organizations
• Minimum age of the candidate ought to be 21 years
• Most extreme age of the candidate ought to be 60 years

For Self-employed

• The individuals who document ITR are qualified
• The time of candidate ought to be between 21 years and 65 years

Axis Bank Personal Loan Eligibility

• Maximum age of the applicant must be 58 years (for salaried) and 65 years for self-employed
• Minimum Net Monthly Income should be ₹15,000
• Maximum loan amount is ₹15 lakhs
• Minimum service period with current employer should be 1 year
• Good CIBIL score

Axis Bank Car Loan Eligibility

Salaried Individuals:

• Should have attained the age of 21 years while applying for a loan
• The maximum age at the time of maturity of loan should be 70 years
• An annual income of a minimum of Rs. 2,40,000 is necessary
• There should be a continuous employment for a period of at least one year

Self-employed Individuals:

• The applicant should be at least 18 years old while applying for a loan application
• The maximum age while the loan matures needs to be 75 years
• An annual income of a minimum of Rs. 1,80,000 is necessary
• A business stability of a period of at least three years is required

Self-employed Non-individuals:

• An annual income of a minimum of Rs. 1,80,000 is needed for selected car models while for others the requirement is of a minimum of Rs. 2 Lakhs
• Business stability of a period of at least three years  is needed

Priority/Wealth/Privee customers eligible for a loan:

• Customers with a vintage of 6 months
• A minimum Average Quarterly Balance (AQB) as below:
• An AQB of Rs. 1 lakh for last 2 completed quarters AQB requirement to be met for both the quarters
• Maximum loan amount restricted to 3 times the AQB in the last 2 quarters

Salary Customers eligible for a car loan-

• Customers who have a Salary A/c with Axis Bank since the past 3 months
• Those who work with the following organisations:
• Public Limited and Private Limited Companies
• MNCs
• Permanent employees of State / Central Government
• Permanent employees of Public Sector Undertakings
• Permanent employees of reputed schools / colleges
• Other factors
• Minimum 21 years of age
• Maximum 70 years of age at loan maturity
• Minimum Net Annual Salary of Rs. 2,40,000 p.a.
• Income eligibility based on latest salary slip and Form 16
• Minimum 1 year of continuous employment

With the above information on Axis Bank CIBIL score check and eligibility criteria for loans, you must be able to identify whether or not you can apply for them.