Axos Bank Personal Loans Review

Axos Bank Personal Loans is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. Axos Bank Personal Loans is available in 50 states (and Washington, DC).

Key takeaways

• Good credit required. You will need a credit score of at least 700 to qualify for Axos Bank Personal Loans.
• Origination fees of up to 2%. This is on the low end for lenders that charge an origination fee. However, plenty of lenders don't charge an origination fee. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.

Axos Bank Personal Loans Pros and Cons:

Pros	Cons
Low APRs available to qualified borrowers. $0 prepayment fee. Fast funding.	APRs as high as 25%. Charges an origination fee of up to 2% of the loan amount. Only considers applicants with good credit. Charges a late fee. No co-sign option.

What rates and terms does Axos Bank Personal Loans offer?

Axos Bank Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What fees does Axos Bank Personal Loans charge?

What do you need to qualify for Axos Bank Personal Loans?

Applicants with a credit score of at least 700 and up to 850 are eligible for Axos Bank Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Axos Bank Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Axos Bank Personal Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Axos Bank Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Axos Bank Personal Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid personal checking account
• Driver's license
• Government issued photo ID

Axos Bank Personal Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	Yes
Credit Score	700 - 850

What is the estimated funding time for a personal loan via Axos Bank Personal Loans?

Axos Bank Personal Loans will typically approve (or deny) a loan application within 1 hour and fund personal loans within 3 business days of approval.

Does Axos Bank Personal Loans report your account activity to credit bureaus?

Axos Bank Personal Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.