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Axos Bank personal loans review

Last updated:  

Use your funds for college expenses — but only up to $35,000.

finder.com’s rating: 3.7 / 5.0


  • Best for borrowers who only have a savings account or want to use the funds for college.
  • Pick something else if you want to avoid fees or prefer a bank with a history of positive reviews.


Max. Loan Amount

6.49% to 29.99%



Min. Credit Score


Product NameAxos Bank personal loan
Min. Loan Amount$5,000
Max. Loan Amount$35,000
APR6.49% to 29.99%
Interest Rate TypeFixed
Min. Credit Score680
Minimum Loan Term1 year
Maximum Loan Term5 years

Expert review

Anna Serio

Review by

Anna Serio is a staff writer untangling everything you need to know about personal loans, including student, car and business loans. She spent five years living in Beirut, where she was a news editor for The Daily Star and hung out with a lot of cats. She loves to eat, travel and save money.

Expert review

Axos Bank’s personal loans could be a good option for good-credit borrowers who want a restriction-free and low-hassle personal loan. You also don’t need a checking account to qualify. And unlike most personal loan providers, you can use your funds for higher education.

You’ll want to look elsewhere if you’re trying to find a no-fee personal loan, however. It charges an origination fee between 0% and 2% depending on your credit profile. And it doesn’t get the best reviews from former customers.

Not sure Axos is right for you? Compare your other personal loan options below.

First, am I eligible?

To qualify for a Axos Bank personal loan, you must:

  • Have a credit score of at least 680
  • Have a debt-to-income ratio below 45%
  • Have a checking or savings account that accepts Fedwire transfers
Axos Bank considers factors like your credit and employment history as well as your personal assets when reviewing your application.


  • Can be used for education
  • No hard credit check until you accept the loan
  • Checking and savings accounts accepted


  • Only borrow up to $35,000
  • Limited information on website
  • Origination fee between 0% and 2%

Compare more personal loan providers

Updated January 23rd, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% to 35.99%
Fair to excellent credit
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Fiona Personal Loans
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Upgrade Personal Loans*
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
Even Financial Personal Loans
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NetCredit Personal Loans
34% to 155% (Varies by state)
No minimum
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Monevo Personal Loans
3.99% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
LendingClub Personal Loan
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
SoFi Personal Loan Fixed Rate (with Autopay)
5.99% to 20.01%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

What do borrowers say about Axos Bank?

BBB accreditedYes
BBB ratingB+
BBB customer reviews1 out of 5 stars, based on 18 customer reviews
Trustpilot score2.9 out of 5, based on 2 customer reviews
Customer reviews verified as of04 November 2019

Most complaints revolve around its bank accounts, not its personal loans, though customer service was often a key player. Generally, customers were upset about how long it took to correct mistakes and sometimes had trouble getting through to the right person. At least one other borrower had trouble using its site, saying there were a lot of glitches.

How do I apply?

To get started on your application, follow these directions:
  1. Go to the Axos Bank site.
  2. Scroll down until you see Personal Loans. Click the Learn More button.
  3. Hit Get Started.
  4. Complete the sentence with your desired loan amount, purpose, term and your personal credit score before hitting Continue.
  5. Follow the directions to create an account and complete the preapplication. Once you submit it, Axos Bank will do a soft credit pull that has no affect on your personal credit.
  6. Review your offers for different loan amounts, terms and rates before selecting the loan that best meets your needs.
  7. Follow the instructions to complete the rest of your application, uploading any documents if necessary.
  8. Review and sign your loan documents.

The whole process can take as little as 10 minutes.

How to apply step-by-step with screenshots

What information do I need to apply?

The documentation you might be asked to provide includes:

  • Copy of your photo ID
  • Most recent paystub
  • W-2 from the last tax year

What happens after I apply?

Axos Bank will review your application and reach out to make sure funds go to the right bank account before your loan is disbursed. If Axos Bank needs any more information, you may be required to submit extra documentation.

Self-employed or retired? You might be asked to provide different documentation, such as your most recent tax return or your pension check.

How do repayments work with Axos Bank?

Your first repayment is due one month after you received your funds. Axos Bank personal loan repayments are set to autopay by default, though you can change this by calling 866-923-7112 and selecting option 3. You might want to keep it this way, however — it’s one less thing you have to worry about.

Keep an eye on your account and your loan balance. If you notice anything off, reach out to customer service by calling the number above. If you’re late on your payment, Axos Bank charges a $15 fee. And if you don’t have enough money in your account when your repayment is due, you’ll have to pay a $25 fee.

You can compare other lenders with our guide to personal loans.

Frequently asked questions

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Personal loan ratings

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We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

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