AXIO loan is an instant personal loan solution that provides quick financial support when you need it most. It offers an easy online application with minimal documentation, allowing you to borrow loan amounts ranging from ₹30,000 to ₹4,00,000 at attractive interest rates.
You can get an AXIO personal loan for any medical emergency requirement, for purchasing furniture for your home, paying rent or advances, or for any other financial requirement. The loan can be easily paid in monthly instalments for tenures that you can customise according to your financial situation.
AXIO loans offer a fully digital experience with instant disbursal, flexible pre-closure options, and no charges for early repayment after six months, ensuring you enjoy a hassle-free and transparent borrowing experience.
AXIO Loan Details
AXIO personal loan offers you a quick way to get the funds you need, here are the loan details:
| Loan Amount | ₹30,000 - ₹4,00,000 |
| Tenure | 6 months onwards |
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AXIO Loan Interest Rats & Charges
AXIO offers low interest rates and minimal fees and charges. Knowing the rates and charges will help you understand the cost of the loan. Here are the AXIO personal loan interest rates and charges:
| Interest Rate | As per the lender |
| Processing Fee | 2% + GST |
AXIO Personal Loan Eligibility Criteria
There are certain eligibility criteria that you need to meet to get a personal loan from AXIO, these are:
- You must be 23 - 58 years of age.
- You must be a resident of India.
- You must be salaried or self-employed.
- Must have a good credit history.
- You must have used Amazon Pay Later or AXIO Pay Later.
Documents Required for AXIO Loan
Minimal documents are required to be submitted when applying for an AXIO Loan, these are:
- KYC documents: Aadhaar card, Passport, Voter ID, Driving Licence, etc.
- Verified Mobile Number
- Permanent Account Number (PAN)
Loan EMI Calculator
When you take out a personal loan, you are required to make financial repayments through Equated Monthly Instalments (EMI). Understanding your EMI in advance is important, as it helps you understand your repayment capacity, allowing you to adjust the loan tenure to fit your monthly budget.
The personal loan EMI calculator offers an easy way to estimate your monthly payments by simply entering some basic details. This user-friendly tool is available online on any official Finance website. To use it, just input the loan amount, interest rate, and tenure, and the calculator will instantly display your estimated EMI, helping you plan your finances more effectively.
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Features & Benefits of AXIO Loans
AXIO Personal Loan offers a flexible, user-friendly digital solution for personal financing needs, offering you various features and benefits, these are:
- Loan amount: AXIO offers flexible loan amounts ranging from ₹30,000 to ₹4,00,000.
- Pre-EMI: Pre-EMI is where the interest is charged from the loan booking date to the first EMI start date and deducted from the loan amount at disbursal.
- Processing Fee: A 2% processing fee (excluding GST) will be deducted from the loan amount.
- Auto-Debit Setup: When applying for an AXIO personal loan, you must set up an auto-debit facility via Net Banking or Debit Card for EMI payments. However, an SMS link is also provided for manual payments.
- Pre-Closure: There are no pre-closure charges, but loans can only be pre-closed after six months from the first EMI date.
- Part Prepayment: The part prepayment is allowed after six months, with a maximum of 20% of the principal outstanding, and can only be done once every six months post-lock-in.
- Digital Application Process: The application process is completely digital making it easier and convenient for you.
- Customer Service: You can contact AXIO through email at ask@axio.co.in or by calling 080 6807 5001.
- Grievance Redressal: You can also reach out to AXIO’s Nodal Grievance Redressal Officer and the Sachet Portal for lodging any complaints.
- Privacy Policy: User data is handled as per AXIO’s Privacy Policy, ensuring compliance with data storage guidelines.
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Compare AXIO Loans With Other NBFCs
Many NBFCs also offer personal loans at competitive interest rates, comparing AXIO and other NBFCs can help you find the best loan terms that suit your financial needs. Here are the other lenders along with their respective interest rates:
| Personal Loan by NBFCs | Interest Rates (p.a.) |
|---|---|
| Rupeek | 0.49% to 1.69% p.m |
| PaySense | 1.4% - 2.3% p.m. |
| Zype | 1.5% p.m. onwards |
| Nira | 2.00% p.m. onwards |
| CASHe | 2.50% p.m. onwards |
| Pocketly Loan | 3.00% p.m. onwards |
| Upwards | 9.00% p.a. onwards |
| Navi | 9.9% p.a. onwards |
| Money view | 10.00% p.a. onwards |
| IndiaLends | 10.25% p.a. onwards |
| Loanbaba | 10.50% p.a. onwards |
| MyMoneyMantra | 10.50% p.a. onwards |
| Tata Capital | 10.99% p.a. onwards |
| Buddy Loan | 11.99% p.a. onwards |
| Fullerton | 11.99% p.a. onwards |
| L&T Finance | 12.00% p.a. onwards |
| Shriram Finance | 12.00% p.a. onwards |
| MoneyTap | 13.00% p.a. onwards |
| Dhani | 13.99% p.a. onwards |
| Fibe | 16.00% p.a. onwards |
| Aditya Birla Capital | 10.00% - 16.00% p.a. |
| Prefr | 10.00% - 36.00% p.a. |
| Bajaj Finance | 11.00% - 38.00% p.a. |
| Faircent | 12.00% - 28.00% p.a. |
| IIFL | 12.75% - 44.00% p.a. |
| InCred | 13.99% - 42.00% p.a. |
| Kredit Bee | 16.00% - 29.95% p.a. |
| FlexSalary | 18.00% - 54.00% p.a. |
| Phocket | Up to 36.00% p.a. |
| mPokket | Up to 48.00% p.a. |
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Note: The above-mentioned rates are subject to change with the finance market and differ marginally with respect to the individual banksYou can also check out more personal loan options based on the loan amounts below:
Steps to Apply for AXIO Loan
You can easily apply for an AXIO loan through a simple online process, here are the steps you can follow:
Step 1: Log in to AXIO Account through the mobile app or website.
Step 2: Go to the personal loan section and choose the loan amount you wish to apply for.
Step 3: Complete KYC Verification through the CERSAI portal or Aadhaar-based eKYC.
Step 4: Upload or provide all the necessary documents such as PAN card and proof of address. AXIO may conduct a field investigation to verify your address.
Step 5: Carefully review the loan terms, including the interest rate, processing fee (2% plus GST), and pre-EMI charges before agreeing to the terms and conditions before proceeding.
Step 6: Once you agree to the terms and conditions, you can set up an auto-debit facility via Net Banking or Debit Card for EMI payments.
Step 7: Once you complete all the steps, the loan amount will be disbursed into your bank account.
Steps to Apply for a Personal Loan with Buddy Loan
You can also apply for a personal loan through Buddy Loan, here are the steps that you can follow:
Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
Step 2: Open the Personal Loan Application Page. Provide your mobile number and enter the OTP received.
Step 3: Specify the amount you wish to borrow.
Step 4: Enter your personal email.
Step 5:Select ‘Personal Loan’
Step 6:Choose from Salaried, Self-Employed, or Student.
Step 7: Indicate if your salary is deposited in the bank or received in cash.
Step 8: Fill in details like Company Type, Name, Address, Years in the current job, and Designation.
Step 9: Input your Date of Birth, Gender, Highest Qualification, PAN Number, First Name, and Last Name.
Step 10: Specify residence type, Years at the current address, and your address Pincode.
Step 11:Provide monthly income, select the preferred bank for the loan, and opt for a Credit Card if needed.
Step 12:Click the ‘Submit’ button to send your personal loan application.
Want to know more? You can check more on different loan types available by various lenders from the table below:
Do you need an Emergency loan?
Frequently Asked Questions
The maximum loan amount you can get from AXIO is ₹4,00,000.
The interest rate offered by AXIO loan will depend on many factors such as your credibility for the loan, your credit history, income, financial stability, and more.
You can apply for an AXIO personal loan through the mobile application.
The documents required for loan application are your KYC documents, PAN card, proof of address, and more.
AXIO offers you a personal loan approval within 10 minutes.
AXIO loans require monthly EMI payments, with no pre-closure charges after 6 months and part prepayment is allowed post-lock-in.
Yes, you can prepay your loan after 6 months from the date of the first EMI payment.
Missing an EMI payment will lead to extra charges as a penalty fee will be incurred.
You can check the loan status from the AXIO app personal loan dashboard.
To contact customer support you can email AXIO at ask@axio.co.in or call 080 6807 5001.
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