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Axis Bank

Axis Bank is one of the leading private sector banks. It holds the position of being the third largest bank in India. The bank offers an array of financial services covering a large segment of customers from Large and Mid-Corporate, MSME, Agriculture and Retail Business.

Axis bank has widespread grid of Two thousand Five hundred and eighty nine branches (2589) branches along with the extension branches operating across the country. The bank can be accessed through Twelve thousand three hundred and fifty five (12355) ATM’s in the country as on 31 March, 2015.

Internationally, the bank operates through its branches in Singapore, Hong Kong, Dubai, Abu Dhabi and also an overseas subsidiary at London, United Kingdom. Through its international branches the bank focuses on corporate lending, trade finance, syndication, investment banking, as well as liability business.

Axis Bank is one of the modernized bank which started operating from the year 1994. The bank was endorsed and supported in the year 1993 jointly by Specified Undertaking of Unit Trust of India (SUUTI) (which was also known as Unit Trust of India), Life Insurance Corporation (LIC), General Insurance Corporation of India (GIC) National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company. The share holding of the Unit Trust of India was later transferred to Specified Undertaking of Unit Trust of India (SUUTI), and a separate body was established in 2003.

The bank has witnessed an immense growth with its balance sheet size of Rs. 4,61,932/- recorded at the closure of the financial year 2015. The bank posses a stable asset quality with a 5 year CAGR (2010-11 to 2014-15 of total 21% assets, 18% in total deposits, 22% in total advances and 24% net profit.

With its corporate office in the commercial capital Mumbai the bank is also conscious towards the environment. AXIS HOUSE which is the corporate office building situated in Mumbai has received the “Platinum” rating by US Green building Council for its sustainable and echo-friendly facilities which are also enabling the bank contribute towards carbon emission reduction and thereby lowering the greenhouse gas effect.

The Bank also has nine wholly-owned subsidiaries namely:

• Axis Capital Ltd.

• Axis Private Equity Ltd.

• Axis Trustee Services Ltd.

• Axis Asset Management Company Ltd.

• Axis Mutual Fund Trustee Ltd.

• Axis Bank UK Ltd.

• Axis Securities Ltd.

• Axis Finance Ltd.

• Axis Securities Europe Ltd.

Eligible Profiles & Products

Eligible Profile Products
Salaried Personal Loan
Home Loan
Car Loan
Car Loan New
Car Loan Used
Loan Against Property
Education Loan
Self Employed Personal Loan
Home Loan
Car Loan
Car Loan New
Car Loan Used
Loan Against Property
Education Loan

Eligibility and Documents for Salaried

Products Documents list Eligibility criteria and locations
Personal Loan
  1. Application form
  2. Photograph
  3. ID proof
  4. Income proof
  5. Bank statement
  6. Residence proof
  7. Signature verification proof

Salaried Doctors, employees of select MNCs, Public and
Private limited companies, Government sector employees
including Public Sector Undertakings and Central and
Local bodies:
Location For PL: Pan India
. Minimum age of applicant: 21 years
. Maximum age of applicant at loan maturity: 60 years
. Minimum Net Monthly Income: Rs 15,000
. Maximum loan available: Rs 15 lacs

Home Loan
  1. Completed loan application
  2. 3 Passport size photographs
  3. Proof of identify
  4. Proof of residence
  5. Statement of Bank Account

• Individuals in permanent service in the Government or reputed
companies meet our Home Loan eligibility criteria

• Applicants should be above 24 years of age at the time of loan
commencement and up to the age of 60 or superannuation,
whichever is earlier at the time of loan maturity.

• Professionals (ie, doctors, engineers, dentists, architects,
chartered accountants, cost accountants, company secretary,
management consultants only) can apply.

Car Loan
  1. Application form
  2. Photograph
  3. ID proof
  4. Income proof
  5. Bank statement
  6. Residence proof
  7. Signature verification proof

. Salaried Individuals
• Minimum age of applicant: 21 years
• Maximum age of applicant at loan maturity: 70 years (Conditions apply)
• Income: Minimum Net Annual Salary of Rs. 2.4 Lac p.a. for all approved car models
• Income eligibility: As per latest salary slip and Form 16
• Employment: Minimum 1 year of continuous employment

Loan Against Property
  1. Completely filled in Loan Application Form
  2. 2 passport size photographs
  3. Proof of identity
  4. Proof of residence
  5. account statement for last 6 months
  6. IT return/ IT assessment order, of previous 2 years of Parent/ Guardian/ other co-borrower (if IT Payee)
  7. Copy of lease agreement required for all lease rental discounting cases

• Any individual who is in permanent service in government or a reputed company
• The applicant in all the cases should be above 24 years of age at the time of loan
commencement and up to the age of superannuation

Education Loan
  1. Application form withPhotograph
  2. ID proof
  3. Income proof
  4. Bank statement
  5. Residence proof
  6. Signature verification proof
  7. Qualification proof for professional
  8. Copy of admission letter of the Institute along with Fees schedule, mark sheets / pass certificates of S.S.C, H.S.C , Degree courses

Studies in India: courses/Colleges under Universities approved by UGC.
Other courses leading to diploma / degree etc.
conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc.
Studies Abroad : Job oriented Prof./Technical / PG courses/ PostGraduation: - MCA, MBA, MS etc

FAQs for Salaried

1. What is the criteria that decides my eligibility for a Home Loan?
• Income of all applicants. • Age of the primary applicant. • Number of dependent that the applicants have to support. • Assets and liabilities of the applicants. • Stability and continuity of the primary applicant's occupation
2. Can I convert my floating rate loan to a fixed rate loan or vice versa? Will there be any charge for the switch?
Yes! You can switch from a floating rate of interest to a fixed rate of interest and vice versa.
3. Do I need to pay fees to apply for Home Loan?
Yes bank charges non refundable fees up to 1 % of the loan amount plus service tax.
4. Do I get a tax benefit?
Yes , resident of India are eligible for tax benefits on both the principal and interest amounts.
5. What is the repayment period?
20 years
6. What is the quantum of Personal loan?
1, 00,000/- to 15, 00,000/-
7. What is the repayment period of PL?
12 months to 60 months depending on the loan amount.
8. Do I need to pay any fees for PL?
A non refundable fees of 1.50% to 2% of the loan amount is charged.
9. What is the Quantum of Car Loan?
1,00,00/- to 95% of the on road price of the vehicle
10. What is the repayment period of Car Loan?
12 months to 60 months
11. After I have repaid the entire loan, how do I remove the hypothecation from the Registration Certificate?
Once your Auto Loan has been closed, Axis Bank will provide you the following documents to remove hypothecation from your Registration Certificate: No Objection Certificate (NOC) will be given for your Regional Transport Office (RTO) and your Auto Insurance Company. No Objection Certificate issued by Axis Bank. Original Form 35. These documents have to be submitted at your local RTO along with a fee for removal of hypothecation.
12. What are the different options for making my EMI payments for Car Loan? Is there a preferred one?
You can repay your Auto Loan in any of the following three ways: Standing Instruction (SI): This method can be used if you have an existing savings, salary, or current account with Axis Bank. You may wish to open a savings account with Axis Bank to use this option. Your EMI amount will be debited automatically at the end of the monthly cycle from the Axis Bank account you specify. Electronic Clearing Service (ECS): This method can be used if you have a non-Axis Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account. Post-Dated Cheques (PDCs): You can submit post-dated EMI cheques from a non-Axis Bank account at your nearest Axis Bank Loan Center. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only. We recommend that you opt for either the SI or ECS mode of payment as they are both faster and less prone to error than the use of PDCs.