Will Axis Bank deduct EMI this month?

Will Axis Bank deduct EMI this month?

COVID-19 Relief Measures from Axis Bank Bank does not ask for personal loan EMI payment till 31st August, 2020. Your credit score will not get affected due to delayed payments if you opt for the loan moratorium.

Will EMI get deducted this month?

As per government and RBI guidelines issued few days back that no EMI will get deducted for 3 months including this month.

Is Axis Bank moratorium extended?

As per the regulations brought out by RBI, earlier Axis Bank offered loan moratorium from March 1, 2020, to March 31, 2020. Now, the bank has further extended the moratorium from June 1, 2020, to August 31, 2020.

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How can I change my EMI date in Axis Bank?

Yes, you can change the EMI date on your personal loan. There is no set procedure for doing this. You must notify your lender of the EMI date change required. This can be accomplished by visiting a nearby branch, calling your lender’s customer service, or submitting a request form addressed to the branch manager.

How to opt for EMI deferment through SMS in Axis Bank?

Private-sector lender Axis Bank has sent SMS to its customers to opt for the EMI deferment scheme. 1) Click on the link –, the following screen will be displayed. Enter your registered mobile number including your country code. Enter the captcha shown on the screen and submit.

How to avail Axis Bank loan moratorium and deferment?

If you want to avail moratorium on Axis Bank loans then select the “AXIS BANK LOAN”. If you want to avail deferment on credit card outstanding, credit card loans, then select “AXIS BANK CREDIT CARD”. Confirm terms and conditions and submit. 4) A confirmation message will be shown from Axis Bank that your request has been received.

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What if my EMI does not get debited on the due date?

If for some reason the funds in your account are insufficient, then your EMI does not get debited on the due date. You will receive a reminder from your bank, via phone call or email, asking you to pay the dues. In many cases the bank allows a few days grace period during which you can pay the instalment.

What is the minimum net monthly requirement for Axis Bank personal loan?

Axis Bank’s minimum net monthly require is Rs 15,000. You do not have to mortgage your existing assets; because a personal loan is unsecured, which means the loan is disbursed without the requirement to keep any asset (house, car, investments, etc.) as collateral.