Axos Bank Personal Loans – Learn How to Apply
See all the necessary conditions to apply for a personal loan of up to $50,000 with Axos Bank safely and confidently.
What do I need to know before applying for an Axos Bank Personal Loans?
Axos Bank is a financial institution that also offers personal loan plans ranging from $7,000 to $50,000 with maximum fixed rates of 20.4% APR for the American public!
Firstly, Axos Bank Personal Loans offer opportunities for various moments and needs of borrowers, such as debt consolidation, home improvements, and special occasions.
Additionally, the loan can cover other major expenses, with a maximum limit of $50,000!
The platform features a personal loan calculator, allowing customers to first check loan amounts and conditions.
A credit check subscription poses no issues or a credit score decrease, offering a quick and easy service. Axos Bank offers annual percentage rates (APR) between 11.79% and 20.84% with fixed rates.
Moreover, origination fees between 1% and 2% apply depending on customer credit profiles.
It’s worth noting that Axos Bank provides unsecured personal loans, eliminating the need for collateral such as property or vehicles.
Therefore, if you believe an Axos Bank loan aligns with your life, read on.
Who can Apply?
Axos Bank gathers a series of conditions for the approval of personal loan requests, similar to other companies in the sector.
Firstly, it’s not necessary to be a client of other bank services, such as personal finance, investments, and business resource management.
Loans are available to clients aged 18 or older, which is a basic requirement for unsecured personal loan services.
Another important point is being a properly registered US citizen, as loans are more assured for American citizens.
A credit score is decisive for loan approval, with a minimum of 700 FICO points, according to Axos Bank.
Finally, a fully verifiable fixed monthly income is required. Beyond that, there are no other major requirements.
How do I Apply for the Axos Bank Personal Loans?
As mentioned, it’s not necessary to be a bank client to apply for a personal loan.
However, current bank clients can log in to the platform with their username and password to save time by pre-filling out information.
For the general public, they can click on the “Start Application” button to be redirected to the application form.
To begin, they must provide the loan amount requested and choose a repayment term between 36, 48, 60, or 72 months.
Clients need to specify the purpose of the loan, such as debt consolidation, car purchase, wedding, vacation, business, medical expenses, or other expenses.
Next, clients must provide personal information, including their full name, date of birth, citizenship, email address, and phone number.
Additional information, such as a social security number and full address, will be required.
Clients will also need to provide details about income, expenses, and banking information, which are crucial factors for loan decisions.
During the process, the bank may request documentation, such as proof of address and income, as well as a copy of identification.
If clients have any questions, they can contact 866-923-3625 before or during the application process. It’s worth noting that if clients interrupt the application process, they can resume filling it out later.
More Details
According to Axos Bank itself, filling out the form takes only a few minutes to complete directly on the website.
Even before applying, potential borrowers can pre-qualify without impacting their credit score.
Overall, the decision-making process is quick, and after approval, the money can be deposited into the account within 2 business days.
An important point is that Axos Bank has mobile apps for Android and iPhone, which are user-friendly.
Lastly, Axos Bank does not have prepayment penalties or undisclosed extra fees.
