Please assign a menu to the primary menu location under menu
home loans

Axis bank home loan

Everyone wants to purchase their own home at some point in their lives and a home loan makes it easy for you to realize your dreams. Who wouldn’t want to escape the insecurity of finding new houses to rent every time their lease expires and rising rent prices are a deterrent in any case.

 

It is an investment of a lifetime and you wouldn’t want to conciliation on getting the best home for your family. Click here to read about Teaser home loan.

 

 

So, now we will tell you about the home loan from axis bank.

 

axis bank home loan

 

Axis bank Interest rates and charges-

 

Loan amount Interest rates
For salaried person
Loan amount upto Rs 75 lacs 8.65% p.a.
Loan amount above Rs 75 lacs 8.70% p.a.
For Self Employed
Loan amount upto Rs 75 lacs 8.70% p.a.
Loan amount above Rs 75 lacs 8.75% p.a.

 

 

Description of charges Amount (Rs.)
Processing Fee Charges Up to 1% of the Loan amount subject to minimum of Rs.10,000/-
Default Interest Rate @24 % per annum, 2% per month
Prepayment Charges including part prepayment for floating rate loan NIL
Prepayment Charges for fixed rate loan 2% of the principal outstanding

 

 

 

Axis bank loan tenure and loan amount–

You can repay the loan amount up to 30 years. Axis bank provides you loan amount between 5 lacs to 10 crores.

 

 

Axis bank home loan eligibility—

 

For salaried persons

Individuals should be above 21 years of age at the time of loan commencing and up to the age of 60 or superannuation whichever is earlier at the time of loan maturity.

 

For self employed

Any individual filing income tax returns can apply.

 Individuals should be above 21 years of age at the time of loan commencing and up to 65 years or less at the time of loan maturity.

 

Your minimum income should be rs. 12000/p.m.

 

 

Axis bank home loan documentation—

 

Document required Salaried Self Employed
Proof of identity Valid passport/Voter’s ID/Valid Driving license with photo graph /Pan card /Aadhar card
Proof of Income Latest 3 months’ salary slip / certificate for fixed salary/Latest Form 16
-and- 
Last 6 months bank statement/Passbook of the salary account
IT- returns for the last 2 years along with computation of income certified by CA 
-and- 
Last 6 months Bank statement for operative account both personal and business
Proof of Residence Latest Electricity bill/ utility bill/ piped gas bill/ telephone bill/ Passport/ Registered lease Agreement with a utility bill in the name of landlord.

 

 

 

Axis bank home loan products—

There are some other home loan products of Axis bank

  • Purchase of a home
  • Construction of a home
  • Home repairs
  • Home improvements
  • Home extension

 

 

Axis bank home loan benefits—

There is a chance to lower your loan repayments. Switch your home loan outstanding balances to axis bank and pay lower monthly installments and enjoy the savings for the other things in life that really matter to you and your family.Click here to read about Right time to switch your home loan.

  • Income based balance transfer loans
  • The eligibility of the balance transfer will be based on the seasoning and track record of existing loan only
  • Avail up to 100% top up at home loan rates.

 

 

 

Kindly give your feedback in comment box 

And 

For More Information Call Us:-9529331331