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This process is quick, and the result will be displayed immediately without any delay. Then go to the ‘Contact Us’ segment where you will get the following toll-free numbers. On your phone, download the Mobile Banking app from your Google Play Store or App Store.
Customers should visit the bank or the official website for the “Personal Loan” application process. Talk to the customer care representatives available on these numbers and request them to track your personal loan application status by your name and loan application ID. Also share your address and account number with them to get accurate details of your application.
What are the Factors Affecting Axis Bank Personal Loan Application
Axis Bank Personal Loan Status – However, once you have applied for a personal loan, it is equally important for you to check the status of your personal loan. There are several methods that you can apply to check the status of your personal loan. We will take a look at the methods that you can use to check the status of your personal loan.
Whatsoever the status you will be intimated through SMS, Email, or by registered post by the bank. If your loan is rejected you will be provided with the details of why your loan is not approved. Mixed interest rates are a combination of fixed and floating rates. At the beginning of the home loan, the borrower opts for a fixed interest rate and converts it to a floating interest rate depending on market conditions. An increase in RBI’s repo rate or key policy and market competition increases the housing loan interest rate and vice versa. The home loan rates of interest are influenced by several factors.
Ways to Check Axis Bank Personal Loan Status
Click on this and you will be directed to the final page where you can send your message to the bank. You can check the status of your home loan application on Axis Bank’s official mobile application. Axis Bank personal loan applicants can check the status of their application on the website of Axis Bank using their application ID and date of birth. If you are already a customer of Axis Bank, you can simply log in to your account through the mobile application and check the status of your application. On the personal loan page, you can find the section ‘important links’ at the bottom of the page. Here, click on ‘related links’ and then ‘check your loan status’.
Once you are on your account page on the mobile app, click on the ‘Other Accounts’ button on the Account Summary screen. For this, you should have a registered mobile number with Axis Bank. Click on ‘Login’ if on an Android device and an SMS will be sent to your device. For Apple phones, click on ‘Send’ in the message inbox which will then get the SMS sent to your device. By continuing to use the site, you are accepting bank’s privacy policy. The information collected would be used to improve your web journey & to personalize your website experience.
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The users should exercise due caution and/or seek independent advice before they make any decision or take any action on the basis of such information or other contents. Unregistered users have to click on ‘Login’ if they are using an Android device and an SMS will be sent to their registered mobile number. Apple phone users have to click on ‘Send’ in the message inbox which will then send an SMS to your device.
Yes, Axis Bank charges a processing fee between 1.5% and 2% of the loan amount as the processing fee even for online applications. On the resulting page, you must enter your loan application ID and mobile number. Before applying for a personal loan one should check what are the criteria you have to fulfill in order to get a personal loan easily.
Axis Bank also provides banking service through its mobile application that is available for both Android and iPhone users. If you are a customer, you can simply download this app and use it for various banking services. You may also use this application to track your loan application. Once you are done with documents submission, then the bank will process and verify the provided documents, then you can check your loan amount. At the time of application login, an up front processing fee of Rs 10,000, plus GST, is collected.
First of all, as an applicant, you are required to submit your home loan application form along with the list of required documents such as your identity, income and address proofs. Can I email the bank to find out about my loan application status? Yes, you can email the bank directly through the form given on the website. Click on the section ‘Get in Touch’, then ‘Support’, from there click on ‘Track Your Application’. On the left-hand panel, click on ‘Loans’ and then ‘Home Loans’. You will be directed to a page where you will see the box ‘Send us an email’.
A fixed interest rate on home loans helps to combat fluctuations in the economy. Therefore, it is suitable for periods when the interest rate can increase in the future. However, you can be at a loss if the circumstances indicate the chance of a decreasing trend in home loan interest. Axis Bank reassesses the BR and MRR from time to time after considering numerous factors including the cost of funds, cost of operations, prevailing interest rates, and provisioning requirements. We'll ensure you're the very first to know the moment rates change.
While entering the detail, you must ensure that it matches with your detail that the bank already has in a record. An individual advance is a standout amongst the most well-known items offered by the bank. The bank has likewise presented a decent credit following framework through which you can look at the status of your advance application at each stage and stay refreshed. Become a financial buddy with AntworksMoney and earn sitting at home or in office just by referring your friends and relatives for loans, credit cards or other investment options. Axis Bank offers home loans to different categories of borrowers at different rates. The lowest rate ofhome loaninterest currently is 6.90% per annum.
Details of theapplication status of your home loan will then be presented on the subsequent page. A floating interest rate is suitable when there are chances of a fall in interest rate. Individuals in permanent service in the Government or reputed companies fall under the home loan eligibility criteria. FeaturesAffordable home loans for both Salaried and Self Employed customers.
When compared to self-employed borrowers, salaried individuals get home loans at Axis Bank at lower rates. There are two components of the applicable home loan interest rate - the markup rate and the base rate. Let’s delve deeper into the two components for a better understanding. Details of the status of your home loan application will then be displayed on the page. Always use the customer care numbers displayed on Bank’s official website.
Axis Bank charges up to 1% of the loan amount, subject to a minimum of Rs 10,000. At the time of application login, an advance processing fee of Rs 10,000, plus GST, is collected. This fee is not refundable under any circumstances – for example, loan rejection/return of loan application, etc. The balance processing fee, as applicable, is collected at the time of loan disbursement. The bank provides detailing and beneficiary services in addition to banking, insurance, and other investment services. It allows loan services where a person can avail products like personal loans, to help them with business or money matters.
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