As the name suggests, Axos Bank is an online bank that offers a wide range of financial products and services, including high-yield savings accounts. It was founded in 2000 as the Bank of Internet USA and in 2018 adopted the name Axos. In addition to traditional banking products, the company also offers lending options, investment portfolios, and business and commercial banking solutions. They advertise their services on axosbank.com.

Axos Bank has been receiving a lot of attention in recent months, but is it the best choice for you? Let’s take a closer look at this Axos Bank Review and see what they have to offer to help you make a more informed decision.
Summary of Axos Bank
There are plenty of lenders available to you that are available when you want to secure a loan, which can also make the decision-making process quite difficult. After all, you want to be sure that you are choosing the right lender based on your specific needs.
On closer inspection of their website and terms and conditions, we found some interesting things:
- Based on your credit score, Axos Bank offers personal loans with APRs ranging from 7.15% to 17.99%.
- $5,000-$50,000 loan amounts.
- A 1% to 2% origination fee is deducted from loan proceeds as well.
- Depending on your needs, repayment terms range from three to six years.
- At least a 700 credit score is required.
- Rates, terms, and conditions are subject to change.
Axos Bank: What is It?
Axos Bank is a digital bank that offers personal loans and other financial products and solutions nationwide. In July 2000, the company was founded in San Diego and has been providing products and services to its customers ever since. You may contact them at (877) 247-8002.
With an average of 111 customer reviews and 78 complaints closed in the last 3 years, Axos Bank has an A+ rating from the Better Business Bureau. However, customers have given the company a 1-star out of 5-star rating due to a large number of negative reviews.
How Does This Company Work?

Personal loans are available online through Axos Bank. The application process is quick and easy, and you can be prequalified in a matter of minutes with a soft inquiry that will not adversely affect your credit. The loan will be awarded to you once you accept the preliminary offer and provide some documentation to verify your identity, income, and bank account.
Within 48 hours of applying for a loan, the bank’s underwriting team will review it and inform you of the decision. When you accept the final loan offer, the money will typically be deposited into your bank account within one business day. According to Axos Bank, the entire process is usually completed within a few days of accepting the final loan offer.
How to Qualify For Axos Bank?
If you meet the minimum qualifications, you may be eligible for an Axos Bank personal loan. These qualifications include:
- A credit score of 700 or higher.
- Having a steady income.
- A credit history of four years.
Axos Bank offers loans from $5,000 to $50,000 without co-signers.
Axos Bank Review By The BBB
There have been 111 reviews and 78 complaints about Axos Bank in the last three years, with a 1-star rating out of 5 stars. Since 2011, Axos Bank has been accredited by the Better Business Bureau and currently has an A+ rating.
Here are some reviews you might be interested in:
Carla B 10/28/2022
Elizabeth L 10/16/2022
Frequently Asked Questions
How Much Does It Charge?
The APRs for personal loans at Axos Bank start at 7.15 percent. You will also have to pay an origination fee, which is 1% to 2% of the loan amount and is deducted from the proceeds of the loan. Your APR will depend on your credit score. Your loan rates and payments will remain fixed for the duration of the loan, so they won’t change at any time during the loan’s life.
If a payment is made after the grace period, a $15 late fee will be charged, and a $25 insufficient funds fee will be charged if the payment bounces.
Is There Any Pre-Payment Penalty?
Unlike many banks, Axos Bank does not charge prepayment fees, so you can pay off your loan early without incurring any penalties.
How Does It Affect Your Credit?
Understanding how a loan works and how it affects your credit score is important when applying.
You’ll get an idea of the interest rates and loan terms you could qualify for by doing a soft credit check at first. This doesn’t affect your credit score. To get a complete picture of your credit history and offer you a final rate, the lender will need to do a hard credit inquiry. These hard inquiries can hurt your credit.
How To Cancel Axos Bank?
You cannot change or undo your decision once the funds have been deposited into your account, so it is important to double-check before you commit to taking out a personal loan.
Here are some tips to help you get back on track if you are struggling to make ends meet.
If you follow a few simple steps, you can get your finances in order and improve your prospects, regardless of your financial situation.
- To ensure that your spending is kept under control and that there is room for other essential expenses, you should establish and adhere to a budget.
- A financial advisor can help explain your options and set up a plan that fits your needs.
- Last but not least, don’t worry too much about debt. Many companies are willing to work with their customers to create a more manageable payment plan. You just need to contact their customer service.
Axos Bank: Is It Legit?

Financial institution Axos Bank has been around for a long time. Besides offering a variety of services, they have an A+ rating from the Better Business Bureau. However, the company has received a lot of bad reviews online, leading to a 1-star customer rating. With so many unhappy customers, it’s hard to give them a good rating.
Compare interest rates and repayment terms from different lenders before you take out a loan. You’ll be able to choose the best option for you and avoid taking out a loan that you can’t afford.
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Axos Bank
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Axos Bank
Axos Bank Review
Besides offering a wide variety of services, Axos Bank also has an A+ rating from the Better Business Bureau. In spite of this, the company has received a lot of negative reviews on the internet, resulting in a 1-star rating from customers. In light of so many unhappy customers, it’s difficult to give them a good review.