Axio Personal Loan is a completely digital and hassle-free way to apply for a personal loan where the loan amount offered ranges from ₹30,000 to ₹4,00,000.
Axio Loan Offers 5 Products
1. Personal Loan
2. Credit Card
3. Paylater Shopping
4.Money Management
Today we will talk about personal loans from Axio.
In order to avail a personal loan from axio, the user must have used one of axio’s products (Amazon Pay Later, axio Pay Later). For the user to be eligible they need to have a verified mobile number, a valid permanent account number (PAN) card (used to fetch credit bureau records from relevant entities) and do the KYC process (which is done either through user’s details available on CERSAI portal or through OTP based Aadhaar oKYC via UIDAI/Digilocker).
Axio Loan Overview – 2023
The user must be at least 23 years of age and not above 58 years of age. The user must be a resident of India. Further eligibility is decided based on information already available with the user’s history with our existing products, credit bureau history, income estimation model and KYC details. Based on these and a host of other factors, axio, will decide the approved Personal Loan amount for the user. During the journey, the user has to agree to the terms and conditions, sanction of the loan.
Based on the eligibility criteria, axio will conduct field investigations for certain users, prior to the disbursal of the loan in order to verify the address entered by the user. For such users, loans will be disbursed only if the field investigation report is positive.
When a user avails a loan, the following items are deducted before disbursing the loan amount into their bank account.
Axio Personal Loan Interest Rate 2023
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- Axio Loan Interest rate – starts from 13.50% to 28.00% annual. This is a floating interest rate which is very good as compared to other nbfcs in India.
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- Pre EMI – Interest is charged to the user from the date of loan booking till the date of first EMI start date, This is deducted from the loan amount at the time of loan booking.
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- Processing Fee – A fee of 2% of the loan amount (excl. GST) is charged to the user as processing fee at the time of loan booking. This is deducted before disbursal.
The user is expected to set up an auto-debit facility either via Net Banking or Debit Card before the loan can be disbursed to their bank account. The users are required to keep enough balance in their bank account on which the auto-debit facility is set up so that they can pay the EMIs in a hassle free manner. Additionally, the user also gets a link via an SMS, which they can use to pay the EMIs manually. In order to pre-close the loan, the user has to reach out to the customer care through the email: myloans@axio.co.in. The users will be charged 0% pre closure charges at the time of pre-closure. In case of missed on time repayments, late fee (details present in KFS and sanction letter) is levied by axio.
Axio Loan Complete Process –
Axio Personal Loan is a seamless and entirely digital process that allows customers to apply for a personal loan ranging from ₹30,000 to ₹4,00,000 without any hassle. However, to be eligible for a personal loan from axio, the user must have used one of axio’s products, such as Amazon Pay Later or axio Pay Later.
The user needs to have a verified mobile number, a valid permanent account number (PAN) card, and must complete the KYC process, which can be done either through the user’s details available on the CERSAI portal or through OTP-based Aadhaar oKYC via UIDAI/Digilocker. The user must be at least 23 years old but not above 58 years of age and must be a resident of India.
Axio will decide the approved Personal Loan amount for the user based on several factors, including the user’s history with axio’s existing products, credit bureau history, income estimation model, and KYC details.
To avail the loan, the user has to agree to the terms and conditions and sanction of the loan. Based on the eligibility criteria, axio may conduct field investigations for certain users to verify the user’s address entered. Loans will be disbursed only if the field investigation report is positive.
Before disbursing the loan amount into the user’s bank account, axio will deduct Pre-EMI and Processing Fee from the loan amount. Pre-EMI is the interest charged to the user from the date of loan booking until the date of the first EMI start date, which is deducted from the loan amount at the time of loan booking. Additionally, a fee of 2% of the loan amount (excluding GST) is charged to the user as processing fee at the time of loan booking, which is deducted before disbursal.
The user must set up an auto-debit facility through either Net Banking or Debit Card before the loan can be disbursed to their bank account. It is also necessary for the user to maintain sufficient balance in their bank account on which the auto-debit facility is set up to ensure hassle-free EMI payments.
Furthermore, the user receives a link via SMS, which they can use to pay the EMIs manually. In case of missed on-time repayments, axio may levy late fees, as specified in the KFS and sanction letter.
What is the processing fee charged?
The processing fee is a charge applied to facilitate the loan application process from start to finish. In the case of axio Personal Loan, the processing fee is 2% of the loan amount, exclusive of GST.
Axio Loan Verification
When our field executive meets you for KYC pick-up, please ensure you have the following original documents:
PAN card
Proof of Address.
The field executive will verify your communication address and may request your signature on the NACH form.
When the field executive meets you for the KYC pick-up, it is important to ensure that you have the original copies of the following documents:
The field executive will verify your communication address and may request your signature on the NACH form.
How much time does it take to transfer the money into your account?
Once you have successfully completed the loan application, you can expect to receive the loan amount within 10 minutes. However, the exact time frame for loan disbursement may vary based on your eligibility as per the internal criteria of axio. In certain cases, axio may conduct field investigations to verify the address provided by the user before disbursing the loan. For such users, loans will only be disbursed if the field investigation report is positive.
Axio Loan Details – 2023
| Required Documents | Pan Card Aadhar Card Residence Proof |
| Loan Amount | 30000/- To 400000/- |
| Interest Rate | 13.50% To 28.00% |
| Processing Fee | 2% +GST |
| Age | 23 To 58 Year |
| Loan Disbursement Time | 24 To 48 Hour |
| Verification | Physical |
| Process | Online |
Axio Loan Key Features
- Only Pan card and Aadhar Card Required
- Fast Services
- Low Interest Rates
- Low Processing Fee
- No Payslip Required
- Loan Within 24 hour
Axio Loan Website
www.axio.co.in
Axio Loan Repayment
Enrolling in automatic payments can help you avoid making late payments on your loan installments. At axio, we have implemented strict protocols to ensure the safety of your personal information. Your password is encrypted, and we never see it or store your login credentials. Rest assured, we will not have access to your account.
Axio Personal Loan Login
You Can apply Here For Axio Personal Loan
Axio Customer Care And Complaints
Axio Customer Service In case of any queries please write to “ask@axio.co.in” or reach out at 080 6807 5001
Axio Loan Apply – 2023