Axis Bank Credit Card Loan

Following are the key features and benefits of Axis credit card loan:

• Loan amount: Minimum Rs. 25,000 and maximum up to Rs. 15 Lakhs.
• Competitive rate of interest: Axis Bank credit card EMI interest rate starts from just 10.8% p.a.
• Low processing fee: The bank charges a minimal one-time processing fee of 2% of the loan amount + GST.
• Flexible repayment tenure: Minimum 12 months and maximum up to 48 months.
• Instant funds without documents: The bank assures instant access to collateral-free funds with zero documentation and fast processing.
• Instant EMI calculation: You can use Axis Bank’s instant loan on credit card calculator to calculate your EMI on credit card Axis Bank loan.
• Modes of disbursal: The loan amount is disbursed directly to the Axis Bank savings account if the applicant is an Axis Bank customer. For non-Axis Bank customers, the amount is disbursed through NEFT.

Axis Bank credit card loan interest rates are very affordable and range from 10.8% to 24% p.a. The actual interest rate depends on the borrower’s eligibility and the bank’s policy. To increase your chances of getting the lowest interest rate, make sure you maintain an excellent credit score of 750 or above.

For availing of a loan against credit card Axis Bank has set the following eligibility criteria:

• The applicant should be an existing Axis Bank customer. 
• The applicant should have an active credit card. 
• The applicant should have a strong repayment history.
• The applicant should also have a minimum amount available in their savings account.

Apart from an interest rate starting from 10.8% p.a., the borrower will be required to pay the following charges on Axis Bank credit card loan:

• One-time processing fee: 2% of the loan amount + GST
• Foreclosure charges: 3% of outstanding principal amount or Rs. 300 (whichever is higher) + GST

You can get an Axis Bank instant loan on credit card through any of the following ways:

• Customer Care: Contact the Axis Bank customer care team at 1-860-500-5555 and raise a loan request.
• Axis Bank Mobile Banking App: Just download the mobile banking app of Axis Bank and apply online in a jiffy.
• Branch Visit: You can visit your nearby Axis Bank branch to apply for a loan against credit card.
• Axis Bank Internet Banking: Existing Axis Bank customers can apply for a credit card loan via netbanking by following these steps:
  • Log in to your Axis Bank netbanking account using your username and password.
  • Visit the home page and then click on the 'loan against credit card' section.
  • Fill in the required details such as the loan amount required, tenure, etc.
  • On approval, the loan amount will be credited directly to your savings bank account.