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Axos Bank Reviews


bestfor-icon Large & Established Lender

Written by David Bufton

About Axos Bank | Read More


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  • (844) 999-2967
  • Headquarters: 4350 La Jolla Village Dr, San Diego, CA 9212
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Axos Bank Personal Loans Review

Axos Bank offers full-service banking to its customers, including the option to apply for a personal loan. Axos Bank personal loans offer competitive interest rates, but you must have excellent credit to be eligible.

Axos Bank Personal Loans Highlight


Min Credit Score


APR. Fixed Rate


Loan Amount

3 - 6 Yrs

Repayment terms


Soft Credit Pull


Lender Type


Other Fees

Up to 2%

Origination Fee


Prepayment Fee

1-3 days

Funding Time

Pros & Cons

  • con-icon No prepayment penalties
  • con-icon 1-year loan terms available
  • con-icon Fast, 2-day funding
  • con-icon Wide range of loan terms
  • con-icon High credit score requirements
  • con-icon Origination fee
  • con-icon Shorter loan terms

Loan Purpose

  • Business Loans
  • Debt Consolidation
  • Home Improvement
  • Major Purchase
  • Household Expenses
  • Vacation
  • Wedding

Loan Type

  • Secured Personal Loans
  • Unsecured Personal Loans
  • Fixed-Rate Personal Loans
  • Co-singer / Joint loans

Axos Bank Personal Loans Terms & Requirements

If you already have an account with Axos Bank and need short-term funding, then an Axos Bank personal loan is worth considering. However, none of the terms of requirements for obtaining an Axos Bank loan are overly attractive or market-leading. In fact, the minimum credit score of 690 will eliminate many from being eligible for a personal loan.

Loan Requirements

  • A minimum credit score of 690
  • Two years of good credit history
  • Income that can be verified

Loan Terms

  • APR’s range between 7.99% and 15.19%
  • Loan amounts range from $5,000 to $50,000
  • Origination fees of 1% to 2%
  • A late fee of $15

Repayment Terms

  • You can take out a loan for between 36 and 72 months
  • No prepayment fee on early repayment of loans

The loan terms for an Axos personal loan are solid, if unspectacular. There is nothing market-leading in the terms and requirements, but nothing is below market average either. If you want a personal loan from an established company with a trustworthy record, it is worth considering an Axos Bank personal loan.

How to Apply

We started the Axos Bank personal loan application, having been tempted by the knowledge that we could pre-qualify in minutes. To kickstart the process, we had to complete a simple form stating how much money we wanted to borrow, how long for, and what we would use the money for.

We then started the process by entering our personal information, which included name, date of birth, citizenship status, email, and phone details. Following this, we entered details of our home, including ownership, mortgage/rent payments, and time at residence. The subsequent form was concerned with our employment information.

This form was followed by detailing our assets, including checking amounts, savings, 401K, stocks, and others. Also, this was the final information required before creating a login. We could then submit the application for pre-qualification. Thankfully, our application was successful, and we could move on to the next stage.

At this point, we checked the amount we wanted to borrow and could see the APR associated with the loan amount and term. We were happy with the APR, so we proceeded with the loan. We now had to upload our SSN, proof of ID, and income. Once Axos accepted these verification documents, we signed the Loan Agreement. The funds arrived in our account within 2 days.

The process was easy and quick, and we were happy with how quickly we received the funds.

Qualification Requirements

Min. credit score and credit history The credit score must be above 690. Must have excellent credit history for at least two years. 
Debt-to-income ratio 50% or lower
Citizenship US citizens or permanent residents only
Age Minimum age of 18
Job Status Must have a full-time job
Bank Account Proof of bank account required during the onboarding process

Required Information

Applying for a personal loan from Axos Bank is straightforward. To request a loan, you simply need the following:

  • Name
  • Address
  • Date of birth
  • Social Security Number
  • Phone number
  • Email address
  • Monthly income details and proof of income
  • Employment history
  • Bank account details
  • Housing details

Application Steps & Time Frames

The application process for a personal loan from Axos Bank took us less than ten minutes. The proof of verifying income and ID can take a long time with some online banks, but with Axos Bank, it was quick and easy. Axos Bank state that personal loans will be paid in 1-3 working days after the application process is complete. In our case, this was true, as we received funding within two days. 

State Availability

- Available in all states

Axos Bank Mortgages Review

Axos Bank is one of the longest-established full-service online banks, so it is not a surprise that the company offers a wide range of mortgages. Axos is a direct lender, and its class-leading online platform allows you to get a mortgage quote in minutes.

Axos Bank Mortgages Highlight


Min Credit Score


APR. Fixed Rate


Mortgage Amount

10-30 years

Repayment terms


Soft Credit Pull


Lender Type


Underwriting Fee


Other Fees


Origination Fee


Prepayment Fee

10-30 Days

Funding Time



Pros & Cons

  • con-icon Fast closing period for a mortgage.
  • con-icon Cashback of up to 3% is available on annual repayments
  • con-icon The lender fee of $995 is waived if you hold an Axos Bank checking account
  • con-icon Applicants with average credit scores are considered for a mortgage
  • con-icon Offers difficult-to-find mortgages such as super jumbo loans
  • con-icon No physical branches to discuss your mortgage needs
  • con-icon Discounts are only available if you have an Axos Bank account
  • con-icon No visibility of mortgage rates until after pre-qualification

Mortgage Type

  • Mortgage Purchase
  • Mortgage Refinance
  • Fixed
  • Adjustable
  • Home Equity Loan
  • Home Equity Line of Credit
  • FHA
  • VA
  • Jumbo

Axos Bank Mortgages Terms & Requirements

You will need to meet the following requirements for Axos Bank to consider you for a mortgage.

Mortgage Requirements

  • A credit score of at least 620
  • Full-time employment history of at least two years
  • US citizen or permanent resident and have a Social Security Number
  • Minimum 3% down payment (or more, depending on mortgage type)
  • No filed for bankruptcy within the last two years

Mortgage Terms

  • Lender fee of $995. If you are an Axos Bank customer, the lender fee is waived
  • APR varies based on the loan type, credit rating, DTI, and location. Cannot see rates until after pre-qualification
  • A massive range of mortgage types are available, including non-standard mortgages.
  • Fixed-rate and variable-rate mortgages are available.

Repayment Terms

Axos Bank mortgages are for 10-to-30-year periods. The best rates are available for mortgages between 20 and 30-year terms.

The mortgage terms offered by Axos Bank are reasonable and, while not market-leading, are undoubtedly competitive. This is especially the case if you have an Axos Bank checking account, as you can avoid the lender fee of $995.

How to Apply

We chose to apply for an Axos Bank mortgage via a desktop, but you can also apply via your smartphone or tablet. After navigating to the personal banking mortgage section, we hit apply now and were greeted with a basic information screen.

We then needed to create a username and password and set our security questions and answers. We could then start with the mortgage application process.

We stated that we were making offers and were greeted with the following screen. It was beneficial to have the sidebar to know where we were in the application process.

Working through the required sections took around 15 minutes. This process included providing our personal details, including income, assets held, the house we wanted to purchase, and making our declarations. After this, we applied, which initiated the soft credit pull. Thankfully we received preliminary approval within a minute.

Next, we had to provide proof of ID and income, which we could easily do online by uploading the relevant documents. Once we had done this, we had access to the many mortgage types and rates that Axos Bank offered. We simply selected the rate and term that we wanted and applied. It was as simple as that. We signed the Loan Agreement and waited for the process to finish.

Qualification Requirements

Min. credit score 620 for conventional loans
Debt-to-income ratio Not stated
Citizenship Available for US citizens only
Age Minimum age of 18
Job Status Must have steady employment and be able to provide proof of income
Bank Account Proof of bank account required during the onboarding process

Required Information

Applying for an Axos Bank mortgage requires providing a lot of information. It is best to get all of this information to hand before applying, as you will need to upload several documents if you pass the pre-qualification process. Documents required to apply for a mortgage are:

  • Name
  • Address
  • Date of birth
  • Social Security Number
  • Phone number
  • Email address
  • Monthly income details and proof of income (e.g., pay stub, W-2 form)
  • Employment history
  • Details of your current housing situation
  • Details of the house that you want to purchase

Application Steps & Time Frames

Applying for a mortgage with Axos Bank took just under 20 minutes. Other banks may offer a faster mortgage process, but this was easy to do. Funding was completed for us in 25 days, which is in line with the average for Axos Bank.

State Availability

- Available in all states

Axos Bank Online Banking Review

Axos Bank offers a great range of checking and savings accounts to meet all needs. There are five different checking accounts and three savings accounts available, and our guide will make understanding and comparing the products simple.

Axos Bank’s online banking services also include multiple types of business checking and savings accounts, which can be accessed through their mobile app or online.

Axos Bank Online Banking Highlight


Min Deposit

90,000+ fee-free ATMs

ATM Network


Other Fees

Online Banking Savings

Min 0.61%

Min APY Savings

Online Banking Checking


Min APY Checking

Pros & Cons

  • con-icon Earn up to 3.30% APY
  • con-icon No monthly fees or overdraft on most accounts
  • con-icon Variety of accounts with unique perks
  • con-icon Low CD (certificate of deposit) rates

Account types

  • Checking
  • Savings
  • Money Market Deposit Account (MMDA)


Personal Banking:

Account Type APY
Rewards Checking Up to 3.30%
First Checking 0.10%
Golden Checking 0.10%
High Yield Savings

$0 – $25,000 – 0.61%

$25,000 – $100,000 – 0.25%

$100,000+ – 0.15%

High Yield Money Market 0.25%
CDs 0.20%


Business Banking:

Account Type APY
Basic Business Checking None
Business Interest Checking 1.01%
Business Premium Savings 0.20%
Business Savings 0.20%
Non-Profit Money Market 0.20%

Features Benefits & Rewards

  • No fees
  • Competitive interest rates
  • No rewards programs

Opening an Account With Axos Bank

Having been impressed by Axos Bank’s credentials and reputation, we decided to open an Essential Checking account. Axos Bank’s website is very clear, and we headed to the Personal Banking section and selected Essential Checking. We got started by clicking the “Open an Account” button. 

Axos then asked us if we wanted to add a High Yield Savings account, and given the high APY of 0.61%, we proceeded with this option. 

We created our login details with Axos Bank and proceeded to update the forms with all of our personal data. This included name, address, SSN, address, phone, and email, which are all required to apply for an Axos Bank checking account. 

We then got to choose what account type we wanted, which was an individual account. We then passed the verification protocols by uploading our photo ID and submitting a selfie to confirm our identity. Then we confirmed our address and SSN again for the security process. Axos Bank needs this information to comply with KYC security measures. 

Once we’d submitted our personal data and proved our identification and address, we were ready to apply for an account. The account was accepted in minutes, and the next step was to fund the account, which we did following easy-to-understand, step-by-step guidance. 

The process to open an Essential Checking account with Axos Bank was very quick and easy, and we would recommend it to people looking for a stress-free online experience.

State Availability

- Available in all states

Written by David Bufton

After graduating from the University of Warwick with a degree in accounting, David went on to become a fully certified accountant. Since then, he has amassed years of experience working in and writing for various sectors, including finance, gaming, and telecommunications. Now, he uses his extensive experience and knowledge in business and finance to deliver top-quality content.



Is Axos Bank a real bank?

Yes, Axos Bank is a real, full-service bank and a chartered member of the FDIC.

If I have a problem, are there any branches to visit?

No, Axos Bank is an online-only bank, so you can only contact the team via phone or live chat.

How do I withdraw cash from Axos Bank?

Axos Bank gives you access to over 90,000 ATMs across the country.

Customer Support

Despite not having a physical presence, Axos Bank has a terrific customer service record. This fact is supported by its A+ Better Business Bureau rating. Multiple phone numbers are available based on department, and there is a virtual chat assistant to help you with queries. If you’d prefer to speak to a human representative, the Axos live chat customer support team are also available. We contacted the personal loans helpdesk, and the customer service agent was friendly, knowledgeable, and helpful.

Privacy & Security

Having been on the scene for many years, Axos Bank has built a solid reputation over the past couple of decades. While the company has no physical branches, it is well-regulated, and all deposit accounts are FDIC-insured. Plus, with a Better Business Bureau rating of A+, this is a good sign that you are dealing with a legit lender.

Axos Bank also ensures that the privacy of its customers is of utmost importance, specifically because of the online-only approach taken. It uses top-tier technology to guarantee that all sensitive data is appropriately protected.

In Conclusion

Axos Bank is a well-established online-only bank that can offer you a full suite of banking products. The company has built a stellar reputation over two decades of trading online. Its combination of high APY’s, good mortgage products, and competitive personal loans ensure that Axos will have the product you need.

Brand Disclaimer

Axos Bank® offers bank products and services. All deposit accounts through Axos Bank brands are FDIC insured through Axos Bank. All deposit accounts of the same ownership and vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and vesting at Axos Bank. For more information, read our FDIC Notice. Axos Bank NMLS# 524995. For example, if you get approved for a $15,000 loan at 6.99% APR for a term of 72 months, you’ll pay just $256 per month for a total amount of $18,432.