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).

• 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.
• Prequalified 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.

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?

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
• U.S. tax identification number

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.