Axis Bank Home Loan Eligibility

Axis Bank Home Loan Eligibility

Bank Finance Amount Interest Rate Tenor Processing Fee Advance Part Payment Action
10,00,00,000 8.35 - 8.75 360 10000 YES Check Eligibility

Axis bank offers Home Loans are offered to customers for purchase of home. The home loan schemes at Axis are designed especially for all kinds of customers, some of the schemes are mentioned below:

  • Asha Home Loans: Asha home loans are specialized home loans designed for people having a joint income of atleast Rs.8000/- Loan starting from rupees 1 Lakh upto 20 Lakhs is granted to the customer under this scheme.
  • Empower Home Loans: empower home loan scheme is designed for customers having a good track record or a repayment history. In this scheme the customer is guaranteed reduction in rate of interest atleast three times during the one tenure i.e. in the 24th, 36th and 60th month of the loan tenure.
  • Happy Ending Home Loans: Under this scheme the customers are offered waiver of last 12 EMIs.

Features of Axis Home Loans:

  • Loan Amount: The bank offers home loans upto Rs.10,00,00,000/- which can be borrowed depending upon the eligibility of the borrower. One can borrow upto 90% of the home cost which is inclusive of the registration.
  • Rate of Interest: The rate of interest offered by Axis Bank is 8.50% to 9.25% per annum on a floating basis and 11.75 to 12.50% per annum on a fixed interest basis.
  • Loan tenure: the loan tenure for which one borrow home loan is 360 months which can be decreased if you can afford to pay higher EMI.
  • Processing Fee: Axis bank charges a one-time processing fee of Rs.10,000/- which can be deducted at the time of disbursal of the home loan.
  • Fore-closure: Axis bank does not charge a penalty towards closure of your home loan.

Factors that would determine your eligibility:

  • You should have a minimum a minimum work experience of 2 years with atleast 1 year experience in the current organisation.
  • Salaried individuals should be atleast 24 years of age at the time of submitting the application and maximum 60 years of age at the time of loan maturity.
  • Self-employed individual should be atleast 24 years of age at the time of submission of loan application and upto 65 years of age at the of loan maturity.
  • Factors such as your income, assets, liability, stability and occupation will be taken into account while applying for home loan.
  • To know your eligibility you can visit and make use of Home Loan Eligibility calculator tool to know your eligibility to avail home loan from axis bank

You can make use of Home Loan Eligibility Calculator and know your eligibility at Letzbank for free. Further, compare various other home loan deals offered by leading banks in the country. After you have shortlisted the best home loan deal, apply for home loan through a simple online process. Submitting your application online will help you waive off an additional Service Fee. Send your application today!