The minimum required credit score applicants must have to be eligible for Axos Personal Loans is 700. This falls within the category of good credit. However, the lender may take other factors into account, such as annual income, employment situation, assets held by the borrower, among others. Therefore, having those areas of your finances well figured out increase your chances of being approved for the loan. Remember: Axos Personal Loans start at $5,000. This is a high amount, and because of this the lender can be picky about its borrowers.

Unsecured loans are loans that do not require you to deposit a sum of money to insure the loan. Secured loans are generally offered to people with poor credit as a guarantee that if the borrower can not meet their monthly payments, the money is secured by security deposit. Since Axos Personal Loans tailor to individuals with good credit, a security deposit is unnecessary.