Axos Bank offers personal loans with a range of $7,000 to $50,000 and APRs between 11.79% and 20.84%. While the bank provides quick funding and allows for prequalification without affecting your credit score, it has a high minimum credit score requirement of 720, which may limit accessibility for some borrowers. The absence of co-signed loans and the potential for origination and late fees are notable drawbacks. However, borrowers can benefit from the ability to pay off loans early without penalties, making it an attractive option for those who can meet the credit requirements. The loans can be used for various purposes, including home improvements and major purchases. Overall, Axos Bank is best suited for individuals with strong credit who need a larger loan amount quickly, while those looking for smaller loans or more flexible terms may want to explore other lenders.
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