Axos Personal Loans Review


Axos Personal Loans Review

Axos Personal Loans Review

Digital bank Axos Bank was established in July 2000 with just one product—a straightforward checking account. Since then, the San Diego-based bank has concentrated on offering cutting-edge services and goods to clients across the country, including personal loans. Online prequalification is free of charge, and prospective borrowers can get individualised loan options and rates.

Online applications for personal loans from Axos Bank are available, along with support if needed. In only a few minutes, the lender can prequalify you with a soft inquiry that won’t lower your credit score. If you accept the preliminary offer, the lender will need supporting evidence to verify your identity, source of income, and bank account.

You will hear from the bank’s underwriting staff within 48 hours after they have examined your loan. After you accept your final loan offer, your money will often be put into your bank account the following business day. Axos Bank claims that the entire procedure is frequently finished in a few days.

Depending on your credit, Axos Bank charges annual percentage rates for personal loans that range from 7.15% to 17.99%. The origination charge, which is taken out of the loan proceeds, ranges from 1% to 2% of the loan amount. Over the course of the loan, rates and payments are set and remain the same.

The lender offers three to six year terms for repayment. Without incurring early-payment fees, you can pay back your loan in full or in part at any time. Loan payments received after the grace period are subject to a $15 late fee and a $25 inadequate funds cost from the lender.

For personal loans, Axos Bank demands a minimum credit score of 700, which is a respectable score according to the FICO scale. The lender will consider your assets, employment history, and credit history in addition to your income when determining your eligibility.

The Better Business Bureau has given Axos Bank an A+ rating, while Trustpilot has given it a rating of 1.4 out of 5, which is regarded to be a low grade but is based on just roughly 50 client reviews. One personal loan-related complaint was filed against Axos Bank with the Consumer Financial Protection Bureau in 2021. The bank promptly responded and closed the complaint with justification.

Axos Bank provides a range of solutions for assistance. Weekdays from 6 a.m. to 5 p.m. Pacific Time, call 866-923-3625 to talk with a loan agent, or send an email to

As an alternative, assistance is available on the Axos Bank website. To access the Axos Support page, click the blue Support tab in the lower left corner of the homepage. Next, choose the Personal checkbox in the first box on the left. You can make a loan payment, read FAQs and instructional videos, speak with Evo the virtual financial assistant, all from this page.

Since Axos Bank is a digital bank, borrowing must be done online. That covers the entire process, from prequalifying to loan application and funding.

Payments are automatically taken out of your account and put immediately into your bank account. Additionally, Axos Bank provides an app that, among other things, lets you manage your loan.

Axos Personal Loans is an online lender that offers personal loans to borrowers with good to excellent credit. Axos personal loans have APRs ranging from 6.99% to 24.99%, depending on your credit score and loan amount. The minimum loan amount is $3,000, and the maximum loan amount is $100,000. There is no origination fee or prepayment penalty.

Here are some of the pros and cons of Axos personal loans:


  • Competitive interest rates
  • No origination fee
  • No prepayment penalty
  • Easy online application process
  • Good customer service


  • Minimum credit score requirement of 700
  • Maximum loan amount of $100,000

Overall, Axos personal loans offer competitive interest rates and no fees. However, the maximum loan amount is relatively low, and you will need a good credit score to qualify.

Here are some tips for getting the best personal loan from Axos:

  • Get a quote online. You can get a quote for an Axos personal loan online in just a few minutes.
  • Check your credit score. Your credit score is a major factor in determining your interest rate. The better your credit score, the lower your interest rate will be.
  • Consider other options. If you don’t qualify for an Axos personal loan, there are other lenders that offer personal loans with competitive interest rates.

If you’re looking for a personal loan with competitive interest rates and no fees, Axos Personal Loans is a good option to consider. However, it’s important to compare offers from a few different lenders before you decide which loan is right for you.

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