Is Axos Bank a direct lender for personal loans? This question is about Axos Bank

Is Axos Bank a direct lender for personal loans?

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This question is about Axos Bank

Grace Enfield, Content Writer

@grace_enfield • 12/09/21 This answer was first published on 12/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, Axos Bank is a direct lender, which means they handle the full loan process, from application to funding and beyond, instead of simply matching you with another lender. Direct lenders are the only ones that handle your information, so it’s more secure, and they make the loan process faster by removing middlemen.

In the end, your loan comes directly from Axos Bank, not through a partnering bank or credit union. Getting a loan from a direct lender may get you better rates than from an indirect lender, as well.

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Are Axos Bank personal loans legit?

Yes, Axos Bank personal loans are legit because Axos Bank is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why Axos Bank personal loans are legit is that the lender has a rating of A+ from the Better Business Bureau. The company also is accredited with the Bureau.

Why Axos Bank Personal Loans Are Legit

Axos Bank is registered as...

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How do I apply for an Axos Bank personal loan?

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

Check 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...

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Does Axos Bank do a hard inquiry?

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...

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