<h3>Axis Bank Home Loan Toll-Free Helpline Numbers</h3>Axis Bank assures constant customer support to each customer from multiple customer relationship touch points. You can call, chat, email or write to your bank to know about your loan status. The helpline numbers are available 24X7 for emergency cases.<figure class="table"><table><tbody><tr><td>Axis Bank Home Loan Toll-Free Customer Care Numbers</td><td>1860-419-55551860-500-5555</td></tr><tr><td>Axis Bank Personal Banking Toll-Free Customer Care Numbers (including credit cards)</td><td>1800 233 5577 1800 209 5577 1 - 800 - 103 - 5577 (for agri and rural customers)</td></tr><tr><td>Number to Check Complaint Status with Axis Bank</td><td>18004190068</td></tr></tbody></table></figure>

Axis Bank Home Loan Toll-Free Helpline Numbers

<h3>Axis Bank Online Support for Home Loan Customers</h3>You can start instant chat online for Home Loan related queries. The chat support is available round the clock. Get access here:https://application.axisbank.co.in/webforms/axis-support/AxisSupportCustWebChat/ChatWithUs.aspx

Axis Bank Online Support for Home Loan Customers

<h3>Check Axis Bank Home Loan Application Status</h3>The Axis Bank assures instant status check facility to the customers. You can check Home Loan application status directly here:https://www.axisbiconnect.co.in/axisbankloanstatusenquiry/web/retail/getloanaccountnumber.asp

Check Axis Bank Home Loan Application Status

<h3>Online Assistance for Home Loan Customers</h3>Whether you want to check your EMI, balance principle, applicable fees, and charges or interest rate card, you can access all details on the website here: https://application.axisbank.co.in/webforms/axis-support/sub-product/HomeLoans.aspxYou can download Home Loan Interest Certificate by visiting: https://application.axisbank.co.in/webforms/axis-support/Interest-Certificate.aspxIn case you wish to have a meeting with the bank official, you must first locate the nearest loan centre by clicking on the link shared below and register your complaint in person.https://branch.axisbank.com/?type=branches

Online Assistance for Home Loan Customers

<h3>Axis Bank Home Loan Customer Care Email</h3>You can always share your concerns with Axis Bank by writing to the bank at customer.service@axisbank.comHowever, it may take 7-10 days to get a response for your query. In case the response dissatisfies you, you can always escalate the complaint to the senior officials.

Axis Bank Home Loan Customer Care Email

<h3>Axis Bank Home Loan Customer Care Contact Points</h3><figure class="table"><table><tbody><tr><td>Axis Bank Corporate Office&nbsp;</td><td>Axis Bank Limited, 'Axis House,' C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400 025Contact Numbers: +91-22-24252525 43252525Fax: +91-22-24251800</td></tr><tr><td>Axis Bank Registered Office</td><td>Axis Bank Limited, 'Trishul,' 3rd Floor, Opp. Samartheshwar Temple, Near Law Garden, Ellisbridge, Ahmedabad - 380 006Contact Number: +91-79-66306161Fax: +91-79-26409321</td></tr></tbody></table></figure>

Axis Bank Home Loan Customer Care Contact Points

<h3>Axis Bank Social Media Contact Points</h3><figure class="table"><table><tbody><tr><td>Axis Bank on Facebook</td><td>http://www.facebook.com/axisbank</td></tr><tr><td>Axis Bank on LinkedIn</td><td>https://www.linkedin.com/company/axis-bank</td></tr><tr><td>Axis Bank on Instagram</td><td>https://instagram.com/axis_bank</td></tr><tr><td>Axis Bank on Twitter</td><td>http://twitter.com/axisbank</td></tr></tbody></table></figure>You can write your views, reviews, and complaints on any of these social media channels. Usually, the bank responds to social media queries within a few hours and assures a timely response.

Axis Bank Social Media Contact Points

<h3>Axis Bank Home Loans: Grievance Redressal</h3>In case your complaint is not answered or responded correctly, you can reach out the Zonal Nodal Officers. Share your customer ID, SRN and wait for 4-6 days to get the reply.Region-wise Axis Bank Nodal Officer Contact Details<figure class="table"><table><tbody><tr><td colspan="1">Location</td><td colspan="1">Region-Wise Axis Bank Nodal Officer Details</td></tr><tr><td>Andhra</td><td>Nand Kishore ChawlaAddress: Axis Bank Ltd. Circle Office,DNO 40-1-55, VVR Square, 2nd floor, Kalanagar, Benz Circle,Vijayawada - 520010Email Id: Circlenodalofficer.Andhra@axisbank.com</td></tr><tr><td>Bangalore</td><td>K Srinivasa RaoAddress: Axis Bank Ltd., 41, Seshadri Road, Anand Rao Circle, Bangalore 560009Email ID: Circlenodalofficer.Bangalore@axisbank.com</td></tr><tr><td>Bhopal</td><td>D.B.Kiran Address:Axis Bank Ltd. Bhopal Circle Office,"The Infinity," 2nd Floor, M.P Nagar, Zone II,Bhopal- 462011 (Madhya Pradesh). Email ID: Circlenodalofficer.Bhopal@axisbank.com</td></tr><tr><td>Bhubaneshwar</td><td>Ajit Kumar TripathyAddress: Axis Bank Ltd. Bhubaneswar Circle Office, Plot No. -1, Ground Floor, Nandi Ghosh Estates, Bapuji Nagar,Bhubaneswar, Pin No. 751009.Email ID: Circlenodalofficer.Bhubaneshwar@axisbank.com</td></tr><tr><td>Chennai</td><td>G RaghavanAddress: Axis Bank Ltd.Chennai Circle Office, III Floor, No.82,Dr.Radhakrishnan Salai, Mylapore, Chennai-600004Email ID: Circlenodalofficer.Chennai@axisbank.com</td></tr><tr><td>&nbsp;</td><td>V Ramanathan Address: Axis Bank Ltd. 214, 1st Floor, DB Road, RS Puram,Coimbatore-641002.Email ID:Circlenodalofficer.Coimbatore@axisbank.com</td></tr><tr><td>Dehradun</td><td>Gurmeet Singh BhatiaAddress: Axis Bank Ltd. 1st Floor Sri Ram Arcade,74 Rajpur Road, Dehradun,Uttarakhand 248001.Email ID:Circlenodalofficer.Dehradun@axisbank.com</td></tr><tr><td>Delhi I</td><td>Kumar SanjeetAddress: Axis Bank Ltd, Axis House, Plot No. I-14, Tower - T1,5th Floor, Jaypee Greens, Wish Town, Sector 128Noida Uttar Pradesh -201304,Email ID: Circlenodalofficer.Delhi1@axisbank.com</td></tr><tr><td>Delhi II</td><td>Prashant KhanduriAddress: Axis Bank Ltd, SCO 29 3rd floor, Sector 14(Near Huda Office) Gurugram - 122001Email ID:Circlenodalofficer.Delhi2@axisbank.com</td></tr><tr><td>Gujarat</td><td>T. Purushottam RaoAddress: Axis Bank Ltd. 7 Geet Gunjan , Dayal Baug Society,Opp Kubereshwar Mahadev, Manjalpur.Vadodara 390011Email ID:Circlenodalofficer.Gujarateast@axisbank.com</td></tr><tr><td>Kolkata</td><td>Subimal Saha,Address:Axis Bank Ltd. 5 Shakespeare Sarani,Kolkata Circle Office, Kolkata-700071Email ID:Circlenodalofficer.Kolkata@axisbank.com</td></tr><tr><td>Lucknow</td><td>Raj Kumar JainAddress: Axis Bank Ltd., Circle Office, 1st Floor,UPRNSSBuilding, G-4/5-B, Sector 4, Gomti Nagar Extension,Near CMS School Lucknow - 226010Email ID: Circlenodalofficer.Lucknow@axisbank.com</td></tr><tr><td>Mumbai</td><td>Alok SrivastavaAddress: Axis Bank Ltd, 2nd Floor, Corporate Park 2, BehindSwastik Chambers, Sion Trombay Road, ChemburEast, Mumbai 400071Email ID: Circlenodalofficer.Mumbai@axisbank.com</td></tr><tr><td>Nagpur</td><td>Harendrasingh RawatAddress:Axis Bank Ltd, Circle Office, 3rd Floor, Buty Building,Above Bank of India, RT Road, Civil Lines,Nagpur- 440001,Email ID: Circlenodalofficer.Nagpur@axisbank.com</td></tr><tr><td>North East</td><td>Arindam BasuAddress: Axis Bank Ltd. Circle Office, Chibber House 3rd floor, G.S.Road, Guwahati-781005Email ID: Circlenodalofficer.Northeast@axisbank.com</td></tr><tr><td>Panchkhula</td><td>Debaraj MaharanaAddress: Axis Bank Ltd. S.C.O. 390, Sector 20, Urban Estate,Panchkula - 134 112Email ID:Circlenodalofficer.Panchkula@axisbank.com</td></tr><tr><td>Patna</td><td>Girish DubeyAddress: Axis Bank Ltd. Circle Office, 2nd Floor, Plot No . 136,Patliputra Colony, Near Sai Mandir,Patna (Bihar) 800013Email ID: Circlenodalofficer.Patna@axisbank.com</td></tr><tr><td>Pune</td><td>Sadashiv PatilAddress: Axis Bank Ltd. Pune Circle Office,Unit No. 4, Ground Floor, Godrej Castlemaine,Plot No. 155, Sangamwadi, Sassoon Road,Off Bundgarden Road, Next to Ruby Hall, Pune - 411001.Email ID: Circlenodalofficer.Pune@axisbank.com</td></tr><tr><td>Punjab</td><td>Jaideep KaulAddress: Axis Bank Ltd. 3rd Floor, SCO 369-370, Sector 34A,CHANDIGARH, PIN CODE - 160022Email ID: <a href="mailto:Circlenodalofficer.Punjab@axisbank.com">Circlenodalofficer.Punjab@axisbank.com</a></td></tr><tr><td>Raipur</td><td>Abhay Kumar DeepakAddress: Axis Bank Ltd.Raipur Circle Office 2nd floor, Simran Tower, JeevanBima Marg, Raipur, Chattisgarh-492001Email ID: Circlenodalofficer.Raipur@axisbank.com</td></tr><tr><td>West Bengal</td><td>Dibyendu BanerjeeAddress: Axis Bank Ltd, West Bengal &amp; Sikkim Circle7th Floor, Nagaland House, 11, Shakespeare Sarani,Kolkata -700071Email ID:Circlenodalofficer.Westbengal@axisbank.com</td></tr></tbody></table></figure>If you are dissatisfied by treatment of your request with Nodal Officers, contact Axis Bank Principal Nodal Officer.Here are contact details:Mr. Gururaja Rao Executive Vice President, Axis Bank Limited, Corporate Office, 7th floor, Axis House, C-2, Wadia International Centre, P.B. Marg, Worli, Mumbai - 400 025

Axis Bank Home Loans: Grievance Redressal

<h3>Banking Ombudsman</h3>To protect consumer interests, RBI appoints independent banking ombudsman representative who are retired senior banking officials. You can reach out to the RBI appointed Banking Ombudsman and share your case. You can contact BO only after bank's inability to respond to your query even after 30 days of raising the complaint.Further, to check the best Home Loan offers from Axis Bank, contact MyMoneyMantra Home Loan Experts: 1800 103 4004You can also write your product requests here: contactus@mymoneymantra.com

Banking Ombudsman

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EMI Calculators

Find out exactly how much you need to pay for your next purchase

This calculator is useful in computing the EMI of a Housing Loan.

Home Loan EMI calculators are useful in computing the equated monthly instalment (EMI) of a Housing Loan.

How long have you been living in a rented house in the city? Tired of shifting your belongings from house to house? Why not buy your own dream home when banks are ready to give you Home Loan? <div class='addtoany_share_save_container addtoany_content_bottom'><div class='a2a_kit a2a_kit_size_32 addtoany_list' data-a2a-url='https://www.mymoneymantra.com/blog/5-best-home-loans-in-india/' data-a2a-title='10 Best Home Loan Interest Rates in India'><a class='a2a_button_facebook' href='https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F5-best-home-loans-in-india%2F&amp;linkname=10%20Best%20Home%20Loan%20Interest%20Rates%20in%20India' title='Facebook' rel='nofollow' target='_blank'></a><a class='a2a_button_twitter' href='https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F5-best-home-loans-in-india%2F&amp;linkname=10%20Best%20Home%20Loan%20Interest%20Rates%20in%20India' title='Twitter' rel='nofollow' target='_blank'></a><a class='a2a_button_linkedin' href='https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F5-best-home-loans-in-india%2F&amp;linkname=10%20Best%20Home%20Loan%20Interest%20Rates%20in%20India' title='LinkedIn' rel='nofollow' target='_blank'></a><a class='a2a_button_whatsapp' href='https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F5-best-home-loans-in-india%2F&amp;linkname=10%20Best%20Home%20Loan%20Interest%20Rates%20in%20India' title='WhatsApp' rel='nofollow' target='_blank'></a><a class='a2a_button_wechat' href='https://www.addtoany.com/add_to/wechat?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F5-best-home-loans-in-india%2F&amp;linkname=10%20Best%20Home%20Loan%20Interest%20Rates%20in%20India' title='WeChat' rel='nofollow' target='_blank'></a><a class='a2a_button_pinterest' href='https://www.addtoany.com/add_to/pinterest?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F5-best-home-loans-in-india%2F&amp;linkname=10%20Best%20Home%20Loan%20Interest%20Rates%20in%20India' title='Pinterest' rel='nofollow' target='_blank'></a></div></div>

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10 Best Home Loan in India | Lowest Interest Rates @ 6.75%

Even before the onset of anticipated early monsoons, good news is raining for home loan customers. On the back of RBI’s recent announcements of reductions in home loan risk weightage, today India’s largest Bank, SBI announced a 10 basis points (bps) lowering of <a href='https://www.mymoneymantra.com/home-loan.html' target='_blank'>Home Loan Interest Rates</a> with effect from 15 June 2017. The formal SBI announcement states “Home loans above 75 Lakhs will now be cheaper by 10 bps with effect from June 15. The revised interest rates will be 8.55 per cent per annum for salaried women borrowers. For others the rate of interest will be 8.60 per cent per annum”. Comparatively, since May 2017, HDFC’s home loan rate for individual loans above 75 Lakhs is 8.55 per cent. This SBI rate cut is understood to be applicable for new customers only, as for existing customers will need to wait for a reduction in the MCLR and/or Base Rate. A couple of days back, the RBI had announced reductions in risk weights, standard asset provisioning rate and LTV (loan to value) ratios, for new housing loans to individual customers. The previous reduction in rates by SBI was in April 2017, when the interest rates were lowered by 25 basis points. Given the trends in recent months of subsequent lowering of home loan rates, market watchers are hoping that other lenders may follow suit post SBI’s move. This additional benefit to customers is certainly welcome news as not only does it give an additional impetus to potential home buyers to consider a loan; it also supports salaried women in their quest to own a dream home for their families. MyMoneyMantra works closely with its customers to ensure that they are aware of the latest news and updates on home loan rates. To check the latest Home Loan rates and to know more about the offers, please refer our webpage: www.mymoneymantra.com <a href='https://www.mymoneymantra.com/home-loan.html'><img class='aligncenter size-full wp-image-1713' src='https://d1lt2ralzv8247.cloudfront.net/Home_Loan_1d8bd7c995.png' alt='Home Loan' width='268' height='43' /></a> <div class='addtoany_share_save_container addtoany_content_bottom'><div class='a2a_kit a2a_kit_size_32 addtoany_list' data-a2a-url='https://www.mymoneymantra.com/blog/sbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs/' data-a2a-title='SBI lowers Home Loan Rates for New Individual Loans Above Rs 75 Lacs'><a class='a2a_button_facebook' href='https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='Facebook' rel='nofollow' target='_blank'></a><a class='a2a_button_twitter' href='https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='Twitter' rel='nofollow' target='_blank'></a><a class='a2a_button_linkedin' href='https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='LinkedIn' rel='nofollow' target='_blank'></a><a class='a2a_button_whatsapp' href='https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='WhatsApp' rel='nofollow' target='_blank'></a><a class='a2a_button_wechat' href='https://www.addtoany.com/add_to/wechat?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='WeChat' rel='nofollow' target='_blank'></a><a class='a2a_button_pinterest' href='https://www.addtoany.com/add_to/pinterest?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='Pinterest' rel='nofollow' target='_blank'></a></div></div>

Even before the onset of anticipated early monsoons, good news is raining for home loan customers. <div class='addtoany_share_save_container addtoany_content_bottom'><div class='a2a_kit a2a_kit_size_32 addtoany_list' data-a2a-url='https://www.mymoneymantra.com/blog/sbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs/' data-a2a-title='SBI lowers Home Loan Rates for New Individual Loans Above Rs 75 Lacs'><a class='a2a_button_facebook' href='https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='Facebook' rel='nofollow' target='_blank'></a><a class='a2a_button_twitter' href='https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='Twitter' rel='nofollow' target='_blank'></a><a class='a2a_button_linkedin' href='https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='LinkedIn' rel='nofollow' target='_blank'></a><a class='a2a_button_whatsapp' href='https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='WhatsApp' rel='nofollow' target='_blank'></a><a class='a2a_button_wechat' href='https://www.addtoany.com/add_to/wechat?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='WeChat' rel='nofollow' target='_blank'></a><a class='a2a_button_pinterest' href='https://www.addtoany.com/add_to/pinterest?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fsbi-lowers-home-loan-rates-for-new-individual-loans-above-rs-75-lacs%2F&amp;linkname=SBI%20lowers%20Home%20Loan%20Rates%20for%20New%20Individual%20Loans%20Above%20Rs%2075%20Lacs' title='Pinterest' rel='nofollow' target='_blank'></a></div></div>

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Good news is raining for home loan customers now SBI has lowered its Home Loan Rates for New Individual Loans above Rs 75 Lacs

SBI lowers Home Loan Rates for New Individual Loans Above Rs 75 Lacs

You might encounter a relative, a friend or a business partner who may ask you to sign as a guarantor for his/ her home loan. And, being a close acquaintance, you might agree to do the same without even realizing your own liabilities. Most often, banks, NBFCs and other lending institutions insist to get a guarantor on the loan. This mainly happens due to certain reasons, including the borrower’s credit history, financial statement over the last three years, disposable available for loan repayment, or various other reasons. A non-financial guarantor is responsible to cooperate between the borrower and the bank to resolve certain issues, including customer contactability, follow ups on monthly repayments, etc. However, a financial guarantor might be responsible to even make the loan payments on behalf of the borrower if he defaults. So, in case the borrower defaults, miss, or run away with the payment, the guarantor might have to take the responsibility for repayment. If you ever get stuck in a situation when you are asked to sign up as a guarantor for somebody’s <a href='https://www.mymoneymantra.com/home-loan.html' target='_blank' target='_blank'>Home Loan</a>, always consider these five things: <a href='https://www.mymoneymantra.com/home-loan.html' target='_blank' ><img class='aligncenter size-full wp-image-3775' src='https://d1lt2ralzv8247.cloudfront.net/Home_Loan_1_0e59c0bb76.jpg' target='_blank' alt='Best Home Loan Offer Online' srcset='https://d1lt2ralzv8247.cloudfront.net/Home_Loan_1_0e59c0bb76.jpg 868w, https://www.mymoneymantra.com/blog/wp-content/uploads/2018/07/Home-Loan-1-300x35.jpg 300w, https://www.mymoneymantra.com/blog/wp-content/uploads/2018/07/Home-Loan-1-768x88.jpg 768w' sizes='(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px' /></a> <h2>1. Why lenders need a guarantor for the borrower?</h2> If the lenders find a borrower’s loan application does not fit the credit norms, they insist on getting a loan guarantor. Being a guarantor for the Home Loan, you too have to make sure that the borrower is capable of repaying his/ her loan amount before you sign up the agreement. If you are confident about the borrower, then only consider undertaking the liability of loan repayment. <h2>2. What is the responsibility of a guarantor?</h2> The lenders seek a guarantor to ensure that their loan money can be recovered if the borrower defaults or runs away. So, in addition to analyzing the borrower’s financial stability, you also need to assess your own financial standing so that you are able to make financial arrangements in case the borrower defaults and can pay his EMIs and late fees (if applicable). <h2>3. Will a default by the borrower impact your Credit Score?</h2> Yes! As a home loan guarantor, you are putting your own Credit Score at risk. In case the borrower defaults or pays irregular EMIs, your Credit Score can go into the danger zone. It is advised to check your Credit Score first, and if it is already low, or borderline comfortable, consider avoiding signing up as a guarantor. <h2>4. Can signing up as a guarantor impact your own loan eligibility?</h2> Signing up as a guarantor means you have increased your liability, which may reduce your own loan eligibility. Home Loan is a long-term commitment; hence, you may find it difficult to get a loan when you wish to buy a home yourself. If you’re confident enough that you will not require a loan in the immediate future, then only become a guarantor. <h2>5. What is the duration or tenure of a Home Loan?</h2> If you’re thinking of being a Home Loan guarantor, you should know its repayment term as will be tied to it until its entire recovery by the lender. Nowadays, Home Loan can have a repayment term anywhere between 5 to 30 years, depending on the borrower’s capacity to pay, his/ her age, and other criteria. There are many financial liabilities and responsibilities associated with being a Home Loan guarantor, so, you need to be extremely careful before rushing into a complicated arrangement. If you have signed up as a guarantor and it’s becoming difficult for you to get a Home Loan for yourself, you can connect with the Mortgage Specialists of MyMoneyMantra, a leading financial services distributor and have an association of over 60+ reputed financing partners. Our mortgage specialists with over 28 years of experience in Home Loans as well as <a href='https://www.mymoneymantra.com/loan-against-property.html' target='_blank' target='_blank'>Loan Against Property</a> can help you with the affordable financial solutions. Also Read: <a href='https://www.mymoneymantra.com/blog/reasons-why-all-blood-relatives-can-not-co-applicants/' target='_blank' >Reasons Why All Blood Relatives Can’t be Co-Applicants</a> To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit <a href='https://www.mymoneymantra.com/' target='_blank' >www.mymoneymantra.com</a>, the leading online lending marketplace that offers financial products from 70+ Banks and NBFCs. We have served 2 million+ happy customers since 1989. <a href='https://www.mymoneymantra.com/home-loan.html'><img class='aligncenter size-full wp-image-1713' src='https://d1lt2ralzv8247.cloudfront.net/Home_Loan_1d8bd7c995.png' alt='Home Loan' width='268' height='43' /></a> <div class='addtoany_share_save_container addtoany_content_bottom'><div class='a2a_kit a2a_kit_size_32 addtoany_list' data-a2a-url='https://www.mymoneymantra.com/blog/stop-read-this-before-signing-up-as-a-home-loan-guarantor/' data-a2a-title='Stop! 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You might encounter a relative, a friend or a business partner who may ask you to sign as a guarantor for his/ her home loan.

Stop! Read This Before Signing Up as a Home Loan Guarantor

Home Loans are generally extended for purposes such as the purchase of houses, construction of residential properties, extensions and renovations thereof. To ease your home buying decision, the 10 best Home Loans in the Indian market in the year 2021 are discussed below. <div class='addtoany_share_save_container addtoany_content_bottom'><div class='a2a_kit a2a_kit_size_32 addtoany_list' data-a2a-url='https://www.mymoneymantra.com/blog/10-best-banks-for-home-loan-in-india-2019/' data-a2a-title='10 Best Banks for Home Loan in India in 2021'><a class='a2a_button_facebook' href='https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F10-best-banks-for-home-loan-in-india-2019%2F&amp;linkname=10%20Best%20Banks%20for%20Home%20Loan%20in%20India%20in%202021' title='Facebook' rel='nofollow' target='_blank'></a><a class='a2a_button_twitter' href='https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F10-best-banks-for-home-loan-in-india-2019%2F&amp;linkname=10%20Best%20Banks%20for%20Home%20Loan%20in%20India%20in%202021' title='Twitter' rel='nofollow' target='_blank'></a><a class='a2a_button_linkedin' href='https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F10-best-banks-for-home-loan-in-india-2019%2F&amp;linkname=10%20Best%20Banks%20for%20Home%20Loan%20in%20India%20in%202021' title='LinkedIn' rel='nofollow' target='_blank'></a><a class='a2a_button_whatsapp' href='https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F10-best-banks-for-home-loan-in-india-2019%2F&amp;linkname=10%20Best%20Banks%20for%20Home%20Loan%20in%20India%20in%202021' title='WhatsApp' rel='nofollow' target='_blank'></a><a class='a2a_button_wechat' href='https://www.addtoany.com/add_to/wechat?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F10-best-banks-for-home-loan-in-india-2019%2F&amp;linkname=10%20Best%20Banks%20for%20Home%20Loan%20in%20India%20in%202021' title='WeChat' rel='nofollow' target='_blank'></a><a class='a2a_button_pinterest' href='https://www.addtoany.com/add_to/pinterest?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2F10-best-banks-for-home-loan-in-india-2019%2F&amp;linkname=10%20Best%20Banks%20for%20Home%20Loan%20in%20India%20in%202021' title='Pinterest' rel='nofollow' target='_blank'></a></div></div>

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Best 10 Banks for Home Loan in India in 2021. ✔Check Housing Loan Eligibility ✔Low Processing Fees, ✔Tenure 30 Years, ✔769 EMI Per Lakh, ✔Apply now.

10 Best Banks for Home Loan in India in 2021

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