Our take: Axos Bank personal loans offer fast prequalification, same-day funding, and perks for existing customers, including rate discounts and cash-back rewards. However, the high credit score requirement, above-average starting rates, and origination fee make Axos best for strong-credit borrowers who already use its banking products.
Personal Loans
- Offers prequalification with a soft credit pull
- Available in all 50 states
- Some rate discounts are available
- Fast funding after loan approval
- Potential to earn cash back with an Axos checking account
- You can use Axos Bank as a primary bank since it offers other accounts and services, like checking accounts and mortgages.
- High minimum APR
- High credit score requirement
- Charges an origination fee
- Reviews say the app is difficult to use and glitchy
- No cosigners allowed
- Can’t borrow less than $7,000
| Rates (APR) | 11.79% – 20.84% fixed |
| Loan amounts | $7,000 – $50,000 |
| Terms | 3 – 6 years |
| Minimum credit score | 730 |
| Cosigners allowed | No |
Axos Bank used to be called “Bank of Internet USA” when it began. (Yes, that was the actual, real name.) But it had the name for a good reason, as it was one of the first all-digital online banks, something we take for granted today. These days, Axos Bank has significant assets under management and offers several banking and loan products, including personal loans.
In this Axos personal loans review, we’ll explain how these loans work and what features set them apart. We’ll also share the pros and cons of Axos Bank personal loans and why we’ve rated this product a 3.7/5.
Table of Contents
About Axos
The Axos Bank founders wanted to create a bank that customers could access at any time of day. That’s why they launched it on July 4, 2000, to symbolize freedom from the rigidity of traditional banks. In 2018, the bank rebranded from Bank of Internet USA to Axos Bank.
Today, under the leadership of CEO Gregory Garrabrants, Axos Financial, Inc. has $24.8 billion in assets and is on the New York Stock Exchange as AX. The bank offers numerous products, including managed portfolios, checking and savings accounts, mortgages, marine loans, auto loans, and as mentioned, personal loans.
How do Axos personal loans work?
Consumers have many options today when it comes to personal loans. Here are Axos Bank’s personal loans’ core features.
Rates, terms, and requirements
| Category | Details |
| Minimum credit score | 730 |
| Minimum income | No minimum requirement |
| Rates (APR) | 11.79% – 20.84% (Fixed) |
| Discounts | 0.6% discount if you make your loan payment from an Axos Bank account |
| Loan amounts | $7,000 – $50,000 |
| Repayment period | 3 – 6 years |
| Secured or unsecured | Unsecured |
| Cosigners | No |
| Time to approve | Prequalify in minutes and get funds as soon as the same day you sign |
| Hardship programs | Loan modification and other options available for financial hardships |
| Fees | Up to 2% origination fee |
| Unique features | Earn 10% annualized cash back on loan payments with an Axos Total Rewards checking account |
Finance up to $50,000
Taking out an Axos personal loan isn’t ideal if you need a small amount, since the minimum is $7,000. However, you can borrow up to $50,000, which may work well for debt consolidation or larger projects.
Get prequalified in minutes
Axos offers a quick, fully digital prequalification process that lets you see your estimated rates and terms in minutes—without committing to an application.
Receive personalized offers
The bank’s prequalification tool gives you tailored loan options so you can compare terms before applying. This transparency helps you find a loan that fits your budget and goals.
No impact to your credit score
Checking your rates only requires a soft credit inquiry, which won’t affect your credit score. A hard credit pull only occurs if you decide to move forward with the application.
Fast funding
Once approved and your loan documents are signed, you can receive your funds as soon as the same day. That makes Axos a good option if you need quick access to cash.
Rewards for existing customers
Axos offers a 0.6% rate discount when you make payments automatically from an Axos Bank account.
Cash back perks
Borrowers with an Axos Total Rewards checking account can earn 10% annualized cash back on loan payments, a rare perk among online lenders.
Pros and cons
Pros
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Offers pre-qualification with a soft credit pull
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Available in all 50 states
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Some rate discounts are available
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Fast funding after loan approval
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Potential to earn cash back with an Axos checking account
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You can use Axos Bank as a primary bank since it offers other accounts and services, like checking accounts and mortgages.
Cons
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High minimum APR
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High credit score requirement
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Charges an origination fee
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Reviews say the app is difficult to use and glitchy
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No cosigners allowed
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Can’t borrow less than $7,000
Customer reviews
| Source | Rating | Number of reviews |
| Trustpilot | 4.1 / 5 | 580 |
| Better Business Bureau (BBB) | A+ rating, 1.07 / 5 | 123 |
Axos Bank’s reviews are mixed. Many Trustpilot users say the application process is quick and easy, but BBB as well as Reddit comments tell a different story. Common complaints include poor customer service and a clunky mobile app. Overall, Axos seems to deliver on convenience but may fall short when it comes to support and user experience.
How to apply for an Axos personal loan
The process to apply for an Axos personal loan is quick and straightforward.
- Prequalify: Go to the Axos personal loans page and click “Begin Application.” Fill out how much you need, choose a term, enter what you’ll use the loan for, and add a promo code if you have one. Complete your personal information on the next page, and see if you prequalify. Axos will conduct a soft pull of your credit.
- Review your options: Axos will present loan terms and options. Choose the one that works best for your specific situation.
- Finalize your application: Axos will request documents to verify your identity, income, and more. Submit all the required documents and Axos will conduct a hard credit check. If you’re approved, Axos will notify you.
- Receive funds: Once you sign your approval documents, Axos will deposit your funds as soon as the same day.
Personal loan alternatives to Axos Bank
If you decide an Axos Bank personal loan isn’t for you, we have a list of the best personal loans we recommend. Here are a few others to consider:
Axos vs. Upstart
If you don’t have the minimum 730 credit score that Axos requires, consider Upstart. Upstart uses artificial intelligence technology to assess borrowers on numerous data points (not just their credit score) resulting in a higher acceptance rate than traditional banks offer.
Axos vs. SoFi
We’ve dubbed SoFi the Best for Good Credit when it comes to personal loans. If you need to borrow more than $50,000 and you want to avoid paying origination fees, SoFi might be a better fit than Axos.
How we rated Axos Bank personal loans
We designed LendEDU’s editorial rating system to help readers find companies that offer the best personal loans. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.
We compared Axos Bank to several personal loan lenders, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.
Article sources
At LendEDU, our writers and editors rely on primary sources, such as government data and websites, industry reports and whitepapers, and interviews with experts and company representatives. We also reference reputable company websites and research from established publishers. This approach allows us to produce content that is accurate, unbiased, and supported by reliable evidence. Read more about our editorial standards.
- Axos Bank, About Axos
- Axos Financial, Press Release: Axos Financial, Inc. to Announce First Quarter Fiscal 2026 Results
- Axos Bank, Customer Support, Manage My Loan
- Axos Bank, Personal Deposit Account Agreement and Schedule of Fees
- Trustpilot, Axos Bank
- Better Business Bureau, Axos Bank
- Reddit, Axos Bank
About our contributors
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Written by Catherine CollinsCatherine Collins is a personal finance writer and author with more than 10 years of experience writing for top personal finance publications. As a mother to boy/girl twins, she is passionate about helping women and children learn about money and entrepreneurship. Cat is also the co-host of the Five Year You podcast.
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Edited by Amanda HankelAmanda Hankel is a managing editor at LendEDU. She has more than seven years of experience covering various finance-related topics and has worked for more than 15 years overall in writing, editing, and publishing.