Axos Personal Loans Review 2023| US News

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Find the Best Personal Loans for You

Lender
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APR
Loan Amount
Min. Credit Score
Lender
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APR
Loan Amount
Min. Credit Score
Lender
Learn More
APR
Loan Amount
Min. Credit Score

Unsecured personal loans can be used for almost anything, but the top four reasons people borrow from Axos Bank are to:

  • Consolidate credit card debt.
  • Make home improvements.
  • Cover large expenses such as medical bills or legal fees.
  • Pay for weddings, vacations or other special occasions.

Borrowers can apply for an Axos Bank personal loan online with support if needed. The lender can prequalify you in just a few minutes with a soft inquiry that won’t hurt your credit score. You will receive a preliminary offer, and if you accept it, the lender will ask for documentation to confirm your identification, income and bank account.

Your loan is then reviewed by the bank’s underwriting team, and you will receive a decision within 48 hours. Typically, your money will be deposited into your bank account within one business day of accepting your final loan offer. The whole process, according to Axos Bank, can often be completed in a few days.

Axos Bank charges annual percentage rates for personal loans ranging from 7.15% to 17.99%, depending on your credit. Borrowers also pay an origination fee of 1% to 2% of the loan amount that is deducted from the loan proceeds. Rates and payments are fixed and do not change over the life of the loan.

If you want an Axos Bank personal loan, you must meet the minimum qualifications:

Axos Bank offers unsecured personal loans from $5,000 to $50,000. The lender does not accept co-signers.

Axos Bank requires a minimum credit score of 700 for personal loans, which is a good rating on the FICO scale. The lender will use not only your income and credit record to determine your eligibility, but also your employment history and assets.

Axos Bank is an online bank and provides financial services to customers nationwide.

Axos Bank has an A+ rating from the Better Business Bureau and 1.4 out of 5 stars from Trustpilot, which is considered a bad score but is based on only about 50 customer reviews. The Consumer Financial Protection Bureau received one personal-loan-related complaint about Axos Bank in 2021, and the bank gave a timely response and closed the complaint with explanation.

Axos Bank offers several options for support. You can speak with a loan agent at 866-923-3625 from 6 a.m. to 5 p.m. Pacific Time weekdays, or email personalloans@axosbank.com.

Axos Bank is a digital bank, which means the borrowing process is online. That includes everything from prequalifying to applying for the loan and receiving the funds.

Your money will be directly deposited into your bank account, and payments are automatically withdrawn from your account. Axos Bank also offers an app that allows you to manage your loan, among other functions.

Axos Bank Personal Loans Are Best for:

  • People who have a credit score of at least 700.
  • People who need loans of $5,000 to $50,000.
  • People who want an online loan experience.

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