Axos Bank unsecured personal loans can be used for consolidating credit card debt, making home improvements without tapping into a home equity loan, or covering large expenses such as medical bills, weddings or vacations. Personal loans from $5,000 to $35,000 are available, and the bank will deposit the funds into a checking or savings account within two business days of loan approval.

Because Axos Bank personal loans are unsecured, interest rates might be higher than secured personal loans that require collateral. But the benefit of a personal loan is that it is usually cheaper than running up credit card debt for life’s expenses, and you can get a short-term loan of one to five years from Axos Bank.

If you like the idea of an online bank, Axos also offers checking and savings accounts, and the funds from a personal loan could transfer to your linked account.

Axos Bank says you can complete its online personal loan application within a few minutes. First, you’ll check to be sure you qualify for a personal loan:

  • Credit score of 720 or higher.
  • Verifiable income.
  • At least two years of solid credit history.

Then, you’ll select a loan amount between $5,000 and $35,000. Axos Bank will provide you an offer without performing a hard credit check, so you don’t have to worry about prequalification hurting your FICO score. You must have a valid ID and Social Security number.

If you move forward with the application process, Axos Bank will verify your credit history, score and income and request information such as your address and birthdate.

If you want help with the online loan application process, you can call Axos Bank at 866-923-3625 or email

Keep in mind that you cannot use an Axos Bank personal loan for student loan debt. If you need a loan for business purposes, Axos offers small business and commercial banking and lending tools.

Also, borrowers may not use loans to:

  • Fund illegal activities.
  • Purchase drugs or other unlawful paraphernalia.
  • Buy weapons or firearms.

Axos Bank origination fees are 0% to 2%, and annual percentage rates range from 6.49% to 29.99%, depending on credit history and credit score. All personal loan rates are fixed.

The lender offers repayment terms of one to five years. If you decide to pay off your loan early, Axos Bank will not assess a penalty.

You must have a credit score of at least 720 and a verifiable income to qualify for an unsecured personal loan from Axos Bank. The financial institution wants to see at least two years of credit history.

Axos Bank requires a minimum credit score of 720 for personal loans, which is considered “good,” according to the credit reporting agency Experian. This requirement is much higher than some other lenders that may permit scores as low as 585 for bad-credit borrowers who want personal loans.

Aside from credit score, Axos reviews at least two years of credit history, including your payment history and available credit versus debt.

Axos Bank is an online bank and provides financial services to customers nationwide.

The Better Business Bureau gives Axos Bank an A+ rating. In 2020, the Consumer Financial Protection Bureau received two personal-loan-related complaints about Axos Bank, and the company provided a timely response to each.

Axos Bank is Federal Deposit Insurance Corp.-insured.

Axos Bank has a support page with a few options, including how-to videos, FAQs and a virtual financial assistant named Evo. If you decide to call customer service for personal loans at 866-923-3625, someone will answer from 7 a.m. to 6 p.m. PST Monday through Friday.

Because Axos Bank is completely online, you will get a preapproval and apply for a personal loan on the Axos website. Every part of the banking experience with Axos happens digitally, from providing documentation to making payments.

Axos also offers an app. You can create account alerts, automate bills, set up biometric authentication and manage your account either from the web or app dashboard.

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By Richard

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