How To Download And View Axis Bank Loan Statement

Understanding Your Axis Bank Loan Statement

Before we learn how to get your loan statement, let's first understand what information it contains. An Axis Bank loan statement is a complete document that includes the following details:

• Loan Account Number: A unique number that identifies your specific loan.
• Loan Type: This tells you the type of loan you have, such as a home loan, personal loan, or car loan.
• Loan Disbursement Date: The date when the loan money was put into your account.
• EMI Amount: The amount you need to pay each month for the loan, which includes both the principal amount and interest.
• Outstanding Loan Balance: The total amount of money you still owe on the loan.
• Interest Rate: The percentage that the bank charges on the amount borrowed.
• Loan Tenure: The repayment duration you agreed to repay for the loan.
• Repayment Schedule: A breakdown showing how much of each monthly payment goes towards the principal amount and how much goes towards interest.
• Prepayment Details: If you've made any extra payments towards the loan, this section will show that information.

This statement is important for keeping track of your loan's progress, making sure you pay your monthly instalments, and checking your loan details if you notice any mistakes. Now, let's see how you can download and view this important document.

How to Download and View Axis Bank Loan Statement Online

1. Via Axis Bank Net Banking

Steps to Download Loan Statement via Net Banking:

• Log in to Axis Bank Net Banking:

• Head to Axis Bank’s official site and click on the "Net Banking" link.
• Key in your User ID and Password to log in to your account.

1. Navigate to the Loan Section:

• When you log in successfully, your dashboard will open.
• Find the "Loans" tab in the menu.
• Under the "Loans" tab, select the type of loan for which you want the statement (for example, "Home Loan," "Personal Loan").

1. View Loan Statement:

• Once you are in the loan section, you will see an option called "Loan Statement" or "Loan Repayment Schedule." Click on this option.
• Pick the relevant period to download the statement. You can usually download monthly or yearly statements.

1. Download the Statement:

• After selecting the time period, click on the "Download" option.
• The loan statement will be downloaded as a PDF file, which you can open and view on your device.

2. Via Axis Bank Mobile Banking (Axis Mobile App)

Steps to Download Loan Statement via Axis Mobile App:

1. Install the Axis Bank Mobile App:

• If you haven't installed the app yet, go to the Google Play Store (for Android) or the Apple App Store (for iOS) and search for "Axis Bank."
• Download and set up the official Axis Bank app on your mobile device.

1. Log in to the App:

• Open the Axis Bank mobile app on your phone and log in using your User ID and Password, or use Fingerprint or Face Recognition for quick login.

1. Navigate to the Loan Section:

• Once you are logged in, find the "Loans" tab on the app's homepage. You might find it under the "Accounts" or "Banking Services" section.

1. Select the Loan Account:

• Choose the specific loan account (for example, "home loan," "personal loan") for which you want to view the loan statement.

1. View Loan Statement:

• You will be able to see a summary of your loan details.
• To see a detailed statement, look for the "Loan Statement" or "Loan Repayment Schedule" option.
• Select the statement for the desired period.

1. Download or Email the Statement:

• The app will give you the option to "Download" the statement in PDF format or "Email" it to yourself. Pick your preferred method to save or share the statement.

3. Via Axis Bank Customer Care

Steps to Request Loan Statement via Customer Care:

1. Call Axis Bank Customer Care:

• You can contact Axis Bank's 24/7 customer support by calling the toll-free number: 1860 419 5555 or 1860 500 5555.

1. Request the Loan Statement:

• Once you are connected, tell the customer support representative that you would like to receive your loan statement.
• You may be asked to provide both your loan account number and additional details for verification.

1. Receive Loan Statement:

• After verifying your identity, Axis Bank will email your loan statement to your registered email address, usually in PDF format.

4. Via Axis Bank Branch

If you prefer to request your loan statement in person, you can visit your nearest Axis Bank branch. While this might take a little longer than the online methods, it is still a valid option.

Steps to Request Loan Statement at a Branch:

1. Visit Your Nearest Axis Bank Branch:

• Find the nearest Axis Bank branch and visit it during their business hours.

1. Request the Loan Statement:

• Go to the bank's customer service desk and ask for a copy of your loan statement.
• Showing identification and offering details of your loan account may be necessary.

1. Receive Your Loan Statement:

• The bank representative will process your request and either print a physical copy of your loan statement or email it to you, depending on what you prefer.

How to View and Interpret Your Axis Bank Loan Statement - H2

Once you have successfully downloaded or received your Axis Bank loan statement, it's important to understand how to read the information.

• Outstanding Loan Balance: This is the total amount of money you still owe on your loan. This includes any interest and the original amount borrowed that you haven't paid back yet.
• EMI Details: Each monthly instalment (EMI) payment is divided into two parts: the Principal and Interest. You can notice how the remaining loan amount is being paid down over time.
• Interest Rate: This shows the percentage rate that the bank charges you for borrowing the money. Make sure this rate matches the rate that was stated in your original loan agreement.
• Prepayment: If you have made any extra payments towards the loan, this will be shown on the statement.
• Repayment History: Your loan statement will show all the payments you have made during the chosen time period.

Benefits of Downloading and Viewing Your Axis Bank Loan Statement Regularly

• Track Loan Progress: Regularly checking your loan statement helps you keep track of how much you have paid off on your loan and how much you still owe.
• Ensure Correct EMI Payments: Checking your statement ensures that the correct amount for your loan payment is deducted and helps you avoid being charged excessively.
• Avoid Late Fees: Staying updated on how much you still owe on your loan helps you plan your monthly loan payments, which helps you avoid late fees and penalties.
• Loan Repayment Planning: A loan statement helps you keep track of the dates when your monthly loan payments are due, which makes it easier to plan your finances.

FAQs on Axis Bank Loan Statement