Axis Bank offers affordable home loans to salaried and self-employed individuals.Low processing charges, affordable interest rates, varied home loan schemes and quick processing; Axis Bank home loans come with a host of benefits. If you age between 21-65 years and have a regular monthly income, check your Axis Bank Home Loan Eligibility to fund your dream house.
Below are the criteria for Axis Bank Home Loan Eligibility according to the type of applicant’s profession:
Additional Info: Know about Axis Bank Net Banking an hassel-free banking experience.
Below are some key features and advantages of Axis Bank Home Loan:
|Minimum loan amount||Rs. 3 Lakhs|
|Maximum loan amount||Rs. 5 Crores|
Asha Home Loans
|Tenure of repayment||Up to 30 years|
|Lowest EMI per lakh||Rs. 716|
|Processing fee||1% of the loan amount (minimum Rs. 10,000) + applicable GST.|
The applicant should be of minimum 21 years when applying for the Home Loan at Axis Bank. The maximum age of the borrower at loan maturity should not be above 60/65 years (for salaried/self-employed). The Axis Bank provides Home Loan for the maximum tenure of 30 years. It is preferable that the maximum age of the borrower at the time of applying for the Home Loan should not be above 30 years to get better loan terms.
For instance, for a loan amount of up to Rs. 30 Lakhs, the bank approves up to 90% of the entire cost, for loan between Rs. 30 Lakhs to Rs. 75 Lakhs, the eligibility (also called loan to value or LTV) is up to 80%, and for a loan above Rs. 75 Lakhs, the bank approves up to 75% cost.
Axis Bank is one of the largest private sector banks in India. Established in the year 1993, the bank offers various loan products to its esteemed clients and patrons. Home Loans at Axis Bank are provided at the most competitive rates of interest that make sure to meet all your requirements. The processing fee charged by Axis Bank is also nominal. There are zero pre-closure and partial prepayment charges levied by the Axis Bank on floating rates based loans.
Most of the people prefer Axis Bank over others due to its comprehensive loan offering and good customer service. It is very easy to avail the Home Loan from Axis Bank. The entire loan procedure at Axis Bank is simple and customer friendly too. You can apply online or visit any of the Axis Bank branches to apply for the Home Loan.
The following factors can affect your credit score and Axis Bank Home Loan Eligibility Criteria:
For better assessment of your Axis Bank Home Loan Eligibility, you can use Axis Bank Home Loan Eligibility Calculator. This calculator helps in knowing the eligibility beforehand, so that the applicant can make an informed decision.
Home Loan Eligibility Calculator is available on various online platforms nowadays. You can also find this calculator on the official website of Axis Bank.
Benefits of using a Housing Loan Eligibility Calculator Axis Bank are:
Home Loan Eligibility by Banks
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In case, your spouse or any family member is earning regular income, they can be co-applicant for the Home Loan and hence the combined income will also increase your loan eligibility.
You need to have a co-applicant when applying for a Home Loan and in case you are a single owner of the property then any member of your family can be a co-applicant. However, in case there is a co-owner then he/she can be a co-applicant.
Axis Bank allows you to top up your current housing loan on more than 30% of the existing amount at housing loan interest rates only.
The age requirement to be eligible for Axis Bank Home Loan is:
The bank accepts the home loan application of the following professionals:
You can get a minimum of Rs. 3 Lakhs as Axis Bank Home Loan amount.
The EMI consists of the principal and interest on the balance outstanding. This combined amount (EMI) is calculated by taking into account applicant’s loan amount, tenure for repaying the loan, and interest rate applicable on the borrowed amount. Every month, a part of the EMI is adjusted towards the payable interest and the balance is adjusted towards principal repayment.
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