Can My Axis Bank Personal Loan Interest Rate Be Reduced?

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Getting a personal loan is not the only consideration, you also need to see the interest rate at which it is coming to you. The rate dictates the kind of repayment you’ll have over the loan tenure. But relax as Axis Bank has made it easy for the customers, it will help you get the loan at an attractive rate of interest. You can borrow up to INR 15 lakh from Axis Bank to meet your financial needs with the loan. Read the given article to know about Axis Bank personal loan interest rate and its benefits on your loan.
Can I get a low interest rate on Axis Bank personal loan when my income is INR 15,000!
Yes, you can get a desirable Axis Bank personal loan interest rate if your net monthly income is INR 15,000. Axis Bank provides loans to those customers who have a minimum income of INR 15,000 a month. By giving your income proofs and other documents, you can confirm the source of your income to the bank. And there are better chances of getting a negotiable rate of interest if your salary is disbursed in Axis Bank. Because then you can easily apply for the loan by using the mobile banking service.
Axis Bank personal loan interest rate is dependent on credit history and income. And if in any one of these criteria you default, the interest rate would be high. But there is no need to worry, you can still get a low rate of interest on your loan if you add a co-applicant. The income and credit score of the co-applicant is added to provide you an interest rate that would be easier to pay.
How do I pay the Axis Bank personal loan?
You can pay the loan using different payment services like Electronic Clearing Service and Post-dated cheques. Axis Bank personal loans help you meet needs such as marriage expenses, medical emergencies and other financial needs. There is no need for the collateral and other assets for loan security. To manage your payment of the loan, you can use an EMI calculator. The online tool of Axis Bank is for the customers so that they can generate their equated monthly installment for the Axis bank personal loan.
You can use the calculator to know the EMI of your borrowed amount after the chargeable Axis Bank personal loan interest rate. It ranges from 12%-24% per annum, Axis Bank charges a fixed rate of interest on your loan throughout the tenure. And the loan tenure for a personal loan in axis Bank is 5 years.
So now you get the solution how you can reduce the Axis Bank personal loan interest rate. If you get a high rate of interest on your Axis Bank personal loan, then in that case, you can make pre-payment to reduce the burden of it. Axis Bank doesn’t charge any prepayment and foreclosure charge from your on your loan. Get your Axis Bank loan today and apply for it via the mobile app or online banking service. Every need is much easier to reach with the Axis Bank personal loan.
Location: India

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