In addition to offering high-yield savings accounts, Axos Bank also offers a variety of other banking products and services. Founded in 2000 as Bank of Internet USA, the company adopted the name Axos in 2018. Additionally, the company offers lending options, investment portfolios, and business and commercial banking services. Their services are advertised on the website

axos bank logo


There are several options available to you when it comes to obtaining a loan. Nevertheless, this can also make the decision-making process quite challenging. Ultimately, you want to ensure that you select the best lender for your specific circumstances.

Recent attention has been focused on Axos Bank. Is this bank the best choice for you? Let’s take a closer look at what they have to offer so that you can make an informed choice.

After reviewing their website and terms and conditions closely, we discovered some interesting information. In our opinion, these were the most important points.

  • Depending on your credit score, Axos Bank offers a variety of APRs for personal loans. The APR for loans can range from 7.15% to 17.99%.
  • A loan amount ranging from $5,000 to $50,000 is available.
  • A loan origination fee of 1% to 2% is also deducted from the loan proceeds by the borrower.
  • You can choose from three to six-year repayment terms.
  • A credit score of at least 700 is required.
  • Programs, rates, terms, and conditions can change without notice.

Axos Bank: What is It?

Axos Bank provides personal loans and other financial products and services nationwide. In July 2000, the company was founded in San Diego and has since focused on providing products and services to its customers. The number to reach them is (877) 247-8002.

In the last three years, Axos Bank has received 111 customer reviews and closed 78 complaints from the Better Business Bureau. Due to a large number of negative reviews, the company has received a 1-star out of 5-star rating from customers.

How Does This Company Work?

Axos Bank review 3

Personal loans are available through Axos Bank and can be applied online. It takes just a few minutes to get prequalified, and a soft inquiry will not negatively affect your credit score. As soon as you accept the preliminary offer and provide some documentation to confirm your identity, income, and bank account, you will be able to obtain the loan.

The bank’s underwriting team will review your loan application and notify you within 48 hours of their decision. Most of the time, once you accept the final loan offer, the funds will be deposited into your bank account within one business day. Axos Bank estimates that the entire process can often be completed within a few days.

How To Qualify For Axos Bank?

If you meet the following minimum qualifications, you may be eligible for an Axos Bank personal loan:

  • Having a credit score of 700 or higher.
  • Steady income.
  • A credit history of four years.

You can obtain a loan from Axos Bank between $5,000 and $50,000 without the need for a co-signer.

Axos Bank Reviews

The Better Business Bureau has accredited Axos Bank since 2011 and currently rates the bank as an A+. Over the past three years, the company has received an average of 111 reviews and 78 complaints, with a one-star rating out of five.

Here are some reviews:

Carla B 10/28/2022

Impossible to speak to a human. Everything is automated. My identity was stolen and an account was opened in my name. The virtual assistant would not connect me to a person. If you value your sanity, use a REAL BANK.

Elizabeth L 10/16/2022

Terrible bank! Had a CD mature in AUGUST and they still haven’t sent my money! Multiple phones and email messages and they keep saying they’re “referring to the appropriate department”. I think this bank wants to hold onto your money – they do not like to give it back. Don’t put money here, in savings, CDs, or checking. They will stall and stall even when legally they are required to return your money. I’m having to get an attorney, just to cash out a CD!!


How Much Does Axos Bank Charge?

Axos Bank offers personal loans with annual percentage rates (APRs) starting at 7.15 percent. Your APR will be determined by your credit score. Moreover, you will be charged an origination fee of 1% to 2% of the loan amount, which is deducted from the loan proceeds. Throughout the loan, your interest rate and payments will remain fixed.

A late fee of $15 will be charged for payments made after the grace period has expired, and a $25 insufficient funds fee will be charged for payments that have bounced.

Is There Any Pre-Payment Penalty?

Prepayment fees are not charged by Axos Bank, so you may pay off your loan early without incurring any penalties. As a result, it is a very attractive option for borrowers who wish to have the flexibility to pay back their loans at their convenience.

How Does It Affect Your Credit?

Understanding the loan application process and how it may affect your credit score is essential when considering applying for a loan.

Initially, most lenders will perform a soft credit check to provide you with an idea of the interest rates and loan terms that you may qualify for. Your credit score will not be affected by this. If you decide to proceed with the application, the lender will need to conduct a hard credit inquiry to gain a full understanding of your credit history and provide you with a final interest rate. Your credit score may be adversely affected by these hard inquiries.

How To Cancel Axos Bank

If you are considering taking out a personal loan, be sure you are confident in your decision. It is not possible to change or undo the transaction once the funds have been deposited into your account, so please double-check beforehand to avoid any complications in the future.

Are you having difficulty meeting your financial obligations? Here are some helpful tips to help you get back on track.

No matter what your financial situation may be, managing your money is extremely important. A few simple steps can help you get your finances in order and improve your prospects for the future.

  • Creating and adhering to a budget is the first step. As a result, you will be able to keep your spending under control and have room to spend on other essential expenses.
  • An excellent tip is to consult with a financial advisor who can explain your different options and help you create a plan that is tailored to your needs.
  • Last but not least, try not to worry too much about debt. Several companies are willing to work with their customers to create a more manageable payment plan. You can obtain more information by contacting their customer service department.

Axos Bank: Is It Legit?

Axos Bank loan 2

In operation for many years, Axos Bank is a financial institution. The company offers a variety of services to meet your needs and has received an A+ rating from the Better Business Bureau. However, the company has received a significant number of negative online reviews, resulting in a 1-star rating from customers. Giving them a good rating is difficult when there are so many unhappy customers.

It is important to compare interest rates and repayment terms between different lenders before taking out a loan. Researching and reading customer reviews can help you select the best option for you and avoid taking out a loan you are unable to repay.

Axos Bank
  • Axos Bank

Axos Bank Review

Axos Bank is a financial institution that offers a variety of services to meet your needs and has received an A+ rating from the Better Business Bureau.

However, this company has received many negative online reviews, resulting in a 1-star rating from customers. Giving them a good rating is difficult when there are so many unhappy customers.

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