This online bank offers personal loans for borrowers whose credit scores are 700 or higher. Read on and find out more about this lender in this Axos Personal Loans review.

With Axos Personal Loans, you have access to your funds within one to three business days.

Plus, the lender lets you pre-qualify with a soft credit check, which has no impact on your credit score.

Keep reading this article to find out how it works.

With Axos Personal Loans, you can use your borrowed money for a number of different purposes.

They include medical expenses, moving and relocation, wedding expenses, vacation, business, new vehicle purchases, and many more.

The lender also offers to refinance options for borrowers who need to refinance an existing personal loan, whether from Axos or another lender.

One of Axos’ main shortfalls is that its loans charge an origination fee of 1% to 2% of the total loan amount. They also offer no autopay discounts, and no cosign or joint loan options.

The online bank offers loans starting at $5,000 and going all the way up to $50,000. This makes it evident why this loan tailors specifically to individuals with excellent credit. 

With terms ranging from 3 to 6 years, it also allows borrowers to pay off their personal loan sooner since it does not charge any prepayment penalty fees.

This loan’s APR can be a fixed 7.15% up to a fixed 17.99%. It all depends on your credit standing and other qualifications they may take into account.

Axos’ interest rates are within a reasonable rate. However, it should not be difficult for you to find better rates with other lenders if you have good credit.

The lender offers a grace period in case you are a little late with a payment. However, if you go beyond the grace period, there will be a fee of $15. 

Also, if you make a payment and your bank returns it because you do not have enough money in your account, the lender will charge you a $25 fee.

Now you are familiar with this loan’s ins and outs. However, our Axos Personal Loans review would not be complete without a comparison of its benefits and disadvantages.

Have a look at the list we have prepared just below.

Axos Personal Loans requires borrowers to have a credit score of 700 or higher. This generally falls within the category of good to excellent credit score.

If Axos Personal Loans sounds like a fit to you, you might want to take the next step and apply for this loan. If that is the case, then you should check out our application guide.

Click the link below and we are going to show you how to do it.