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  Axos Bank Personal Loans

Axos Bank Personal Loans

in Personal Loans from Axos Bank

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Axos Bank Personal Loans

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in Personal Loans from Axos Bank

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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Highlights
Community Rating

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APR  (Fixed APR) 6.49% - 29.99%
Loan Amount $5,000 - $35,000
Loan Term (Months) 12 - 60 months

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
  • APRs starting at 6.49%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Axos Bank Personal Loans are on the lower end of the spectrum.
  • Prequalifed rate. You can check your prequalified rate at Axos Bank with a soft pull that will not affect your credit score.
  • 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 & Cons
Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Funding available within 2 business days.
  • APRs as high as 29.99%.
  • Charges an origination fee of up to 2% of the loan amount.
  • Only considers applicants with good credit.
  • Charges a late fee of $15
Axos Bank Personal Loans FAQ

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 APR rate does Axos Bank Personal Loans offer?

Axos Bank Personal Loans offers a fixed APR personal loan product that ranges from 6.49% APR up to 29.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via Axos Bank Personal Loans?

Loan amounts start at $5,000 and go up to $35,000

What can a personal loan from Axos Bank Personal Loans be used for?

Personal loans from Axos Bank Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.

What is the maximum loan term you can get with Axos Bank Personal Loans?

Axos Bank Personal Loans offers personal loans with terms ranging from 12 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Axos Bank Personal Loans Rates & Terms
Loan Amount $5000 - $35000
Loan Term 12 - 60 months
APR 6.49% - 29.99%

What fees does Axos Bank Personal Loans charge?

Does Axos Bank Personal Loans charge an origination fee?

Axos Bank Personal Loans may charge a loan origination fee of 0% to 2% of the loan amount. Axos Bank Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does Axos Bank Personal Loans charge a late fee?

Yes, Axos Bank Personal Loans may charge borrowers a late payment fee of up to $15.

Does Axos Bank Personal Loans charge prepayment fees?

No, Axos Bank Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Axos Bank Personal Loans Fees
Origination Fee 0% - 2%
Prepayment Fee? No
Late Payment Fee $15

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

Applicants with a credit score of at least 720 and up to 850 may be 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:

  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of citizenship or residence permit
Axos Bank Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Credit Score 720 - 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 48 hours and fund personal loans within 2 business days of approval.

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

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

  • Experian

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

Axos Bank Personal Loans Disclosure: * Example: A $15,000 loan with an Annual Percentage Rate (APR) of 13.25% for 60 months has a payment of $326.06. Bank products and services are offered by Axos Bank®. All deposit accounts through Axos Bank brands are FDIC insured through Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and/or vesting at Axos Bank. For more information read our FDIC Notice.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   4350 La Jolla Village Drive
    Suite 140
    San Diego, CA 92122
  •   Visit Site

Hours of Operation

  • Sunday 12:00pm - 12:00pm
  • Monday 12:00pm - 12:00pm
  • Tuesday 12:00pm - 12:00pm
  • Wednesday 12:00pm - 12:00pm
  • Thursday 12:00pm - 12:00pm
  • Friday 12:00pm - 12:00pm
  • Saturday 12:00pm - 12:00pm

Other Services by Axos Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Late Fee Amount $15
Origination Fee (%) 0% - 2%
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Income
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 720 - 850
Approval Speed 48 hours
Credit Bureau Reporting Experian
Customizable Payment Dates  
Funding Time Range 2 days
Payment Options Automatic Payments
Pre-Approved Soft Credit Inquiry  
Loan Amount $5,000 - $35,000
APR (Fixed APR) 6.49% - 29.99%
Loan Term 12 - 60 months

Axos Bank Personal Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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