Applying for an axis loan can be easy once you know a few things about it. There are two main types of Axis loan options: lime24 loans floating rate and fixed rate. The former carries a fixed interest rate throughout the entire tenure of the loan. Axis Bank requires collateral. To apply for a loan, you must be at least 18 years old and have a steady income. Depending on the type of loan you need, you may be required to place collateral.
Axis Bank offers multiple tracking options for its loans. To check the status of your loan, you can go to the bank’s website or download its mobile application. During the process, you will need to enter a valid Application Id and the correct captcha code. If you have no collateral and your loan is preapproved, you can check its status within 48 hours. The Axis Bank website provides a complete list of loan eligibility criteria.
Another type of Axis loan is the dropline OD. This option helps self-employed individuals dissolve fluctuating requirements. Axis loan customers can renew their overdraft limit every 12 months. Customers can select between a floating rate overdraft or fixed rate overdraft. If you use the limit, you pay interest only on the amount that is used. Senior citizens can also apply for a senior citizen loan. These loans will allow you to take advantage of the equity in your home.
Another type of Axis loan repayment is a post-dated cheque. The post-dated cheque must be submitted at the nearest Axis Bank loan center on time. If you miss a repayment, you’ll incur late charges. If you can’t afford to do this, you can also use the ECS or SI method to repay your loan. This method is fast, secure, and reduces the possibility of errors. You can use this method to make monthly repayments.
You must be an Indian citizen to qualify for an Axis Bank personal loan. You must have a monthly income of INR 15000. Also, you must have a Cibil score of 750. If you’re applying for a personal loan, you’ll need to provide the following proofs: identity proof, address proof, and income verification. You’ll also need to submit several passport-size photographs, which prove your identity.
The Axis Bank offers a Gold Loan. You can apply at any branch near you or apply online through LoanNow. The interest rate is 7.25% per annum, with up to 1.50% of the loan amount being charged in processing fees. Because this loan is secured, Axis Bank is willing to offer you a lower interest rate than other types of loans. The interest rate will depend on many factors, including the loan quantity, its age, and the purity of the gold.
