Axos Bank Personal Loan Review
Founded in 2000,
Axos Bank pros and cons
isn’t the most competitive for excellent credit. For instance,
Axos also charges an origination fee on every loan. Many online lenders only charge these if you have bad credit.
Even so, this lender is worth exploring if you need a loan and a new bank. By opening a Total Loan Rewards Checking account, you could get up to 10% annualized cashback on your personal loan payments.
This is how it works:
Axos Bank requirements
How to get a personal loan with Axos Bank
1. Check your credit score
Checking your credit score can give you an idea of whether you’ll qualify with a lender. It can also give you insight as to what interest rates you may qualify for. To qualify for an
How Axos Bank compares to other personal loan companies
Even if you believe
| Axos Bank | Discover | LendingClub | |
|---|---|---|---|
| LendingTree’s rating | 3.9/5 | 3.4/5 | |
| Minimum credit score | |||
| APRs | 7.99% – 24.99% | ||
| Loan amounts | $2,500 to $40,000 | ||
| Repayment terms | months | 36 to 84 months | months |
| Origination fee | |||
| Funding timeline | May receive funds within two days | May receive funds as soon as the next business day | May receive funds within 24 hours of loan approval. |
| Bottom line | ‘s cashback program could save you money as you pay off what you borrowed. All the same, you can probably find a cheaper lender if you have excellent credit. | Discover lets you spread out your loan payments from 36 to 84 months. This can help make your monthly payments more manageable, but you’ll likely pay more overall interest. | LendingClub lets you borrow as little as , so it may work best if you need a small loan. And although it has the lowest credit score requirement, it has the highest origination fees. |
How we rated Axos Bank
We evaluate personal loan lenders on more than just interest rates. Our goal is to show how accessible, affordable, transparent and supportive each lender really is.
Our categories
Every lender is scored out of 5 stars, with 5 stars being the highest rating. LendingTree loan experts determine this score using dozens of underlying data points across four weighted categories covering the full borrowing journey.
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
In some cases, our editors may apply a small adjustment (no more than 4% of the overall score) to account for factors not captured by the methodology. This could include J.D. Power customer satisfaction surveys, recent regulatory actions or features that stand out in ways our rubric doesn’t measure directly.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings.
Frequently asked questions
Axos Bank may be a good option for personal loans as long as you have strong credit and need to borrow at least $7,000.
Axos is probably best suited for those who are willing to switch to (or start a new account with) a new bank. You can get cashback on your personal loan payments with an eligible Axos Total Loan Rewards Checking account.
To qualify for an Axos Bank personal loan, you’ll need to have a credit score of 730 or higher. If yours is lower than that, you’ll need to take steps to improve your credit score.
Axos Bank performs a hard credit pull if you plan to follow through with a personal loan — however, the lender does allow you to prequalify first. Prequalification lets you check rates without hurting your credit score.
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