11.79% to 20.84%
$7,000 to $50,000
720
- Solid maximum loan amount
- Good APR range
- Prequalification available
- No prepayment penalty
- Funds available quickly
- High minimum loan amount
- High minimum credit requirements
- Origination and late fees
- No co-signed loans available
Who is Axos Bank Best For?
Axos is best for borrowers with great credit scores who need to take out a sizeable amount of money and want their money quickly. However, if you want to enlist a cosigner or avoid fees, you're better off choosing a different lender.
Axos Bank Personal Loan Details
Axos Bank Axos Bank Personal Loan offers fixed-rate personal loans ranging from $7,000 to $50,000. These personal loans are unsecured, meaning you don't have to put down any collateral — like a house or car — to get them.
Axos' rates range from 11.79% to 20.84%. This is relatively similar to SoFi®'s range of 8.99% - 29.99% fixed (with all discounts). Your loans will be set at a fixed interest rate that doesn't change over the life of the loan.
The term lengths on Axos personal loans are between three and six years. Axos allows you to use a personal loan for many reasons, including home improvement, major purchases, and medical bills.
See our picks for the best debt consolidation loans »
Axos Bank Personal Loan Pros and Cons
How to Apply for an Axos Personal Loan
1. Look at your rate. Axos allows borrowers to prequalify for its loans by applying through its website. That means you'll be able to get your rate without impacting your credit score. You'll need to input your name, email address, phone number, desired loan amount, term length, purpose, and other information.
2. Review your loan offerings and pick one you can afford. After you submit your initial information, Axos will send you potential loan terms. A shorter term length means bigger monthly payments — but you'll save more in interest. You'll need to send in a formal application, which may also require additional documents, like W-2s, pay stubs, or bank statements.
3. Lock in your loan terms and make a repayment plan. After you sign the document accepting your loan terms, your loan will be approved and funded. Make sure you've added your loan payments into your budget.
11.79% to 20.84%
$7,000 to $50,000
720
- Solid maximum loan amount
- Good APR range
- Prequalification available
- No prepayment penalty
- Funds available quickly
- High minimum loan amount
- High minimum credit requirements
- Origination and late fees
- No co-signed loans available
Axos Bank Personal Loan Frequently Asked Questions
Does Axos Bank check credit scores for personal loans?
Axos Bank conducts a soft credit inquiry when you apply for a loan to display your personalized rates. This won't affect your credit score. If you move forward with the loan process, the lender will perform a hard inquiry to get a full view of your credit history, which may temporarily reduce your credit score.
Is Axos a legitimate personal loan lender?
Axos Bank is backed by the Federal Deposit Insurance Corporation (FDIC), meaning your money is secured by the federal government. This is more applicable to checking and savings accounts, but rest assured that if you borrow from Axos, you're using a legitimate bank.
Is it easy to get approved for personal loans with Axos Bank?
Compared to other lenders, it's actually a little harder to get approved with Axos. The bank has a high minimum credit score of 720 for its personal loans, which may make it inaccessible for some borrowers. Other lenders have much lower credit requirements, and some have none whatsoever.
What credit score is needed for an Axos Bank personal loan?
You'll need a credit score of at least 720 to get a personal loan from Axos Bank.
How long does it take to get an Axos Bank personal loan?
Axos says it will get you your money within two days of when you accept a loan offer.
Compare Axos Personal Loans
Axos Personal Loans vs. SoFi® Personal Loan
Axos is the only one of the two lenders to charge origination fees or late payment penalties. SoFi doesn't have any fees accompanying their loans.
The least you can take out with Axos is $7,000, while you can borrow as little as $5,000 from SoFi® . Axos' top amount is $50,000 and SoFi tops the pair with a $100,000 loan limit.
Axos Personal Loans vs. LightStream Personal Loans
Like we said above, Axos charges charge origination fees and late payment penalties on its loans. LightStream doesn't charge any fees on its loans, so it may be a better choice.
You'll need a good credit score to qualify for a loan with both lenders.
LightStream Personal Loans Review
Axos Bank Trustworthiness
Axos is a Better Business Bureau-accredited company with an A+ rating. The BBB, a nonprofit organization focused on consumer protection and trust, determines its ratings by evaluating a company's responses to customer complaints, transparency around business practices, and truthfulness in advertising.
The company has also not been involved in any recent controversies or scandals. You might feel comfortable borrowing from Axos due to its high BBB score and clean history.
11.79% to 20.84%
$7,000 to $50,000
720
- Solid maximum loan amount
- Good APR range
- Prequalification available
- No prepayment penalty
- Funds available quickly
- High minimum loan amount
- High minimum credit requirements
- Origination and late fees
- No co-signed loans available
Why You Should Trust Us: How We Rated Axos Bank Personal Loans
We rate all personal loan products in our reviews and guides on a 1-5 scale. The overall rating is a weighted average that takes into account seven different categories, some of which are judged more heavily than others. They are:
- Interest rate (20% of rating)
- Fees (20% of rating)
- Term lengths and loan amounts (15% of rating)
- Funding speed (15% of rating)
- Borrower accessibility (15% of rating)
- Customer support (7.5% of rating)
- Ethics (7.5% of rating)
Each category's weighting is based on its importance to your borrowing experience. Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan's terms, so they have less of an impact on the overall rating.
See our ratings methodology for personal loans »
SoFi Personal Loan Disclosures: Fixed rates from 8.99% APR to 29.99% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 09/18/24 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000— $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.
The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your "Loan"), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi's reasonable procedures and requirements to be determined at SoFi's sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
Terms and conditions apply. Offer good for personal loan customers with credit cards and personal loans in their name only and subject to lender approval. To receive the offer, you must: (1) register and/or apply through this landing page; (2) complete a loan application with SoFi within 90 days of your application submit date; (3) meet SoFi's underwriting criteria; (4) apply 50% or more of your loan proceeds directly to your lenders/creditors. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount. SoFi reserves the right to change or terminate the Direct Pay Rate Discount Program to unenrolled participants at any time with or without notice. It takes about 3 business days for your creditor/lender to receive payment after your loan is signed. You will be responsible for making all required payments to avoid credit card and other loan fees.
