Does Axos Bank approve everyone for personal loans?

To apply for an Axos Bank personal loan, first check for pre-qualification and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for an Axos Bank Personal Loan

1. … read full answerCheck for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for an Axos Bank personal loan. It doesn't hurt your credit. You can check for pre-qualification on the Axos Bank website or WalletHub's pre-qualification tool.
2. Enter your personal information on the application. Axos Bank requires the following personal information on the application: your full name, date of birth, home addres, housing type, email address, phone number and Social Security number.
3. Enter your financial information on the application. Axos Bank requires the following financial information on the application: your current employer and income source, employment status, income type, time receiving income from this source, job title, gross monthly income and work phone number.
4. Double check the application for accuracy. To ensure that your Axos Bank personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
5. Submit your application. Axos Bank will typically provide a decision on your application within 2 business days both for approval and funding time.

If you are approved for an Axos Bank personal loan, you will generally receive the funds within 2 business days after approval. After that, it's your responsibility to make monthly payments until you have fully paid back your loan, including interest.

Yes, Axos Bank does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

Axos Bank's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual credit score may be affected by a hard inquiry, you can use the … read full answercredit score simulator on WalletHub.

If you're looking for a lender that does not do a hard inquiry at all, you could consider OppLoans and Integra Credit.

It is difficult to get a personal loan from Axos Bank because they require a credit score of 700+ or better for approval. Other Axos Bank requirements include being at least 18 years old, being a U.S. citizen or permanent resident, and having enough income to afford monthly loan payments.

Axos Bank Personal Loan Requirements

• Minimum Credit Score: 700+ credit score
• Age: 18+ years old
• Residency: U.S. citizen or permanent resident
• Identification Type: SSN

Once you make sure you've met all the requirements for an Axos Bank personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income, and debt.

You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.