Axis bank Home Loan
About Axis Bank
Axis Bank Limited is the third largest private sector bank in India. It offers a variety of financial services and products. The bank has its headquarter in Mumbai and has its registered office in Ahmadabad. It offers a huge range of financial services to all types of businesses including small scale, medium scale, retail businesses and large scale industries.
Features and benefits of Axis Bank Home Loan
Axis Bank offers various benefits listed below:
- You can avail loan at attractive interest rates.
- Transfer your home loan balance amount to Axis Bank.
- Break your loan amount in small EMIs and repay it over a long tenure.
- Simplified application process and get your loan disbursed in 15 days.
- You can repay your loan before the due date at zero prepayment charges in the case of floating rate of interest.
- You can also earn reward points (Edge Loyalty Reward) for carrying out a transaction with Axis Bank.
- Interest Rate 8.45% - 8.9%
- Loan Amount 20L - 20Cr
- Processing Fee 0.25% - 10,000
- Tenure30 Years
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Axis Bank Home Loan Eligibility Criteria
Eligibility for Salaried Employees:
- You should be in a permanent service, either working in government or reputed private company.
- Your age should be 21 years or above at the time of loan commencement and up to 60 years or superannuation at the time of loan maturity whichever is earlier.
Eligibility for Professionals:
Only the below-listed professionals can apply for Axis Bank Home Loan:
- Doctors
- Architects
- Chartered Accountants
- Cost Accountants
- Company Secretariat
- Management Consultant
You should be at least 21 years of age or above at the time of commencement of loan and up to 65 years or less at the time of maturity.
Eligibility for Self-Employed individuals:
- To be eligible for Home Loan you should be consistent in filing Income Tax Return.
- You should be 21 years of age or above at the time of commencement of loan and up to 65 years or less at the time of loan maturity.
Documents Required for Axis Bank Home Loan
Following documents are required in case of salaried employees:
1. You have to present your any of the below-mentioned identity proofs:
- Valid driving license
- Aadhar card
- PAN card
- Voter ID card
2. You have to furnish your income proof such as recent three-month salary slips or certificate of fixed salary or latest Form 16 provided by your employer.
3. Along with the above documents, you also have to present bank statement of last six months or passbook of your salary account.
4. You are also required to present a valid address proof including latest electricity bill /utility bill or piped gas bill or telephone bill.
Following documents are required in case of self-employed individuals:
1. You have to present your any of the below-mentioned identity proofs:
- Valid driving license
- Aadhar card
- PAN card
- Voter ID card
2. You have to furnish details of your income including IT return of recent two years and the details of income computed and certified by CA.
3. Along with the above documents you have to furnish bank statement of last six months for both current and personal account.
4. You are also required to present a valid address proof including latest electricity bill or utility bill or piped gas bill or telephone bill.
Axis Bank Home Loan can be applied for:
- Construction of home
- Home repairing
- House renovation
- House extension
- Purchase of new house
Other Available products from Axis Bank
- Axis Bank Business Loan
- Home Loan Balance Transfer
- Axis Bank Loan Against Property
- Personal Loan
- Car Loan
- Gold Loan
- Loan Against Securities
- Loan Against FD
- Super Bike Loan
- Loan Against shares
- Education Loan
- Commercial Vehicle and Construction Equipment Loan
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EMI CALCULATOR
Loan EMI
Total Interest Payable
Total of Payments
(Principal + Interest)