Loans (US)
Axos Personal Loans review: fixed rates and payments
Check out the Axos Personal Loans review and learn how to borrow up to $50,000 to consolidate debt, improve your home, or cover any other major expense you might have.
Axos Personal Loans: up to $50,000 with terms from 3 to 6 years
Axos is a digital bank launched in 2000. It is driven to deliver innovative financial products and services to individuals and businesses. This is our Axos Personal Loans review. Read on to learn about it!
How to apply for the Axos Personal Loans?
Check out how the Axos Personal Loans application works and how to borrow up to $50,000 with flexible terms and conditions, and fixed rates.
Nowadays, the bank is one of the leaders when it comes to digital banking services. Loans are one of its offerings among many products like accounts and investments.
APR | From 7.99 to 14.99% (estimated) |
Loan Purpose | Personal (debt consolidation, home improvement, and any other major expense) |
Loan Amounts | From $5,000 to $50,000 |
Credit Needed | Good – Excellent |
Terms | From 3 to 6 years |
Origination Fee | From 1% to 2% of loan amount |
Late Fee | $15 |
Early Payoff Penalty | None |
Today, we will review the loan division from Axos Bank. Now, keep reading to learn how you can get up to $50,000, no matter your purpose.
How does the Axos Personal Loans work?
Axos is a digital bank and an FDIC member that offers many financial products and services. Among its offerings, the Axos Personal Loans rise to the public’s attention.
Axos provides flexible and affordable lending options for any different purpose you might have. No matter if you need to consolidate debt, improve your home, or cover a major expense, there is a loan for you.
Also, the loan amounts are pretty good. It ranges from $5,000 to $50,000, with terms varying from three to six years.
Axos offers prequalification, as well. Therefore, you can prequalify with no harm to your credit score.
In addition, rates and payments are fixed. Although they could be higher than variable rates, predictable payments could help you control your finances.
Furthermore, the lending options offered don’t have prepayment penalty fees.
On the other hand, you must watch out for the origination fee, which varies from 1% to 2%, and the late fee.
The application is easy and fast. And funding can be done within about two days of the final agreement.
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Axos Personal Loans benefits
Axos offers affordable and flexible personal loans terms and conditions. Also, the application is easy with fast funding.
On the other hand, you must pay attention to the fees. Let’s discuss the pros and cons of this Axos Personal Loans review.
Pros
- Axos provides personal loans for different purposes, with good amounts and flexible terms;
- It doesn’t charge prepayment penalty fees;
- Rates and payments are fixed;
- Application is easy, and funding is fast;
- The bank offers prequalification.
Cons
- It requires at least a good credit score;
- It charges origination and late fees.
How good does your credit score need to be?
Unfortunately, the application requires at least a good credit score.
How to apply for Axos Personal Loans?
If you are interested in learning how to borrow up to $50,000 through Axos, check out the step-by-step we have prepared for you in the following post!
How to apply for the Axos Personal Loans?
Check out how the Axos Personal Loans application works and how to borrow up to $50,000 with flexible terms and conditions, and fixed rates.
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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