Axos Bank Review

Is this the loan company for you?

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  • Funds transfer to bank account quickly
  • Competitive interest rates on loans


  • Fees for personal loans
  • Credit determines approval and amount

What You Need to Know

When you receive an Axos Bank personal loan approval, the funds can be in your account quickly. After final approval, the money can be in your account within two business days. Other funding might take longer, depending on your qualifications.

The interest rates for Axos' personal loans are good. Their rates are competitive with other online lending companies. Even the highest Axos interest rate is lower than other company's rates. The rate you receive depends on your qualifications.

Axos personal loans have fees. If your payment is later than ten days, there is a $15 fee. There is also a $25 fee for insufficient funds. Loans have origination fees up to two percent, depending on your loan amount. There are no fees for paying your loan off early.

Axos personal loans are not typically available for anyone. To apply for a loan, you must have a good credit score and credit history. The loan amount you apply for may not be the amount you receive. The amount you receive depends on your credit, income, and track record. Axos lends you an amount they feel you can pay back.

Qualifications to Apply for Axos Bank Loans

Useful Information About Axos Bank Loans

History and Achievements

Axos started in July of 2000. They began as a completely digital bank, offering only a basic checking account. They provided customers access to customer service 24/7.

By 2009 they had grown enough to offer a rewards checking account and lending options. They also offered business products and became a mortgage lender of Costco.

In 2018, Axos offered its first unsecured personal loan. They are still an entirely online bank. Since they started, they have grown to almost $10 billion in assets.

Axos Bank offers personal and business financial products. These products include savings, checking, and money market accounts. They offer personal and business lending. Axos Bank has received many awards, including:

Headquarters are in San Diego, California. They have eight branch locations across the United States. More branch locations may be coming.

Frequently Asked Questions

Can I apply for a loan entirely online?

Yes. The Axos personal loan applications are completely online.

What is the lowest my credit score can be?

Your credit score must be 700 or higher.

What is the smallest loan amount available?

The minimum loan amount for Axos Bank personal loans is $5,000.

What is the largest loan amount available?

The maximum loan amount for Axos Bank personal loans is $35,000. You must meet the qualifications to receive this loan amount.

What are the loan term lengths?

The term lengths range from one to five years.

Are the interest rates competitive?

Yes. The interest rates for Axos Bank personal loans are competitive. Their rates are competitive with other online lending companies.

Are the interest rates fixed?

Yes. The Axos personal loans offer fixed interest rates for the life of the loan.

What types of loans are available?

You can use your loan for debt and credit card consolidation or home improvements. Axos personal loans are also available for weddings, vacations, and major purchases. You can also use the money for cars, financing a hobby, and for side businesses. Loans can be for moving or medical expenses as well.

What information do I need to apply for a loan?

Axos will ask to verify your income, employment history, SSN, and credit history. Your credit score must be 700 or higher. Axos requires a valid address, phone number, bank account, and email. Other information may be necessary.

How long does approval take?

You can know if you are prequalified within minutes. You then will need to complete the application for complete approval.

How long will it take the money to enter my account after approval?

After loan completion, the funds transfer into your account within two business days. Funding may take longer depending on qualifications, approval, and your bank account.

If I have been denied a loan before, how long do I have to wait to apply again

If your Axos loan is declined, you can apply again anytime. There is not a set amount of time you must wait before you apply again.

What are the payment options to repay my loan?

You can make payments to your Axos loan through automatic withdrawals or sending in a check. You can also make payments online through your account.

Can I pay my loan off early?

Yes. There are no fees for paying your loan off early.

Is my information secure?

Axos Bank offers security measures that comply with federal laws. Their computers, files, and buildings are secure. They restrict the personal information employees can see about customers.

Does this loan company offer a mobile app?

Yes. Axos Bank offers a mobile app. You can download the app from the App Store or Google Play.

How do I contact customer service?

Contact customer service through phone or email. They are available Monday through Friday from 8 a.m. to 5:30 p.m. ET. You can follow them on Facebook, Instagram, Pinterest, and Twitter.

Bank Contact Information

Axos Bank
P.O. Box 401420
Las Vegas, NV 89140