Axis Bank Home Loan Interest Rates April 2019, EMI Eligibility Calculator

Apply Axis Bank Home Loan online easily by following few steps and get approval within few minutes. Get Interest Rates ✔ Processing Fee ✔ Documentation ✔ Eligibility Criteria ✔ Schemes and Offers ✔ EMI ✔ Customer Care Numbers ✔ Branch Addresses ✔ and other details about Axis Bank Home Loan.

Apply Here For Axis Bank Home Loan

Axis Bank Home Loan Purpose – Home Loan can be used for Purchase / Construction / Renovation / Repairs / Extensions / furnishing of house and flat / land purchase and construction thereon.

Axis Bank Home Loan Interest Rates

Interest Rates	8.35% – 8.75%
Processing Fee	Upto 1.00%  of the loan amount subject to minimum rs.10,000/-
Loan Tenure	Minimum 1 year to maximum 30 years
Loan Amount Limit	Upto 90% of market value
Prepayment Charges	Nil
EMI at 1 Lakh for 30 Years	Rs. 776/-
Customer Care Number	1 800 209 5577 / 1 800 103 5577

Eligibility Criteria For Axis Bank Home Loan

Age Limit	Minimum age 21 years – Maximum age 65 years
Income Criteria	Minimum income Rs.12,000/- per month required

Documents Required For Axis Bank Home Loan

For Salaried
Proof Of Identity	Valid passport/Voter’s ID/Valid Driving license with photo graph /Pan card /Aadhar card
Proof Of Address	Latest Electricity bill/ utility bill/ piped gas bill/ telephone bill/ Passport/ Registered lease Agreement with a utility bill in the name of landlord.
Income Proof	Latest 3 months salary slip / certificate for fixed salary/Latest Form 16 and Last 6 months bank statement/Passbook of the salary account
For Self-Employed
Proof Of Identity	Valid passport/Voter’s ID/Valid Driving license with photo graph /Pan card /Aadhar card
Proof Of Address	Latest Electricity bill/ utility bill/ piped gas bill/ telephone bill/ Passport/ Registered lease Agreement with a utility bill in the name of landlord.
Income Proof	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.

Margin

Loan upto Rs. 30 lakhs	10%
Loan above Rs. 30 lakhs upto Rs.75 lakhs	20%
Loan above Rs. 75 lakhs	25%

Axis Bank Home Loan EMI Calculator

For making our users experience better we can show some pre-calculated example below

Loan Amount	Interest Rates	Repayment Period/Time	EMI Per Month
5 Lakhs	8.65%	4 Years	Rs. 12,360/-
8 Lakhs	8.65%	5 Years	Rs. 16,471/-
10 Lakhs	8.65%	7 Years	Rs. 15,912/-
13 Lakhs	8.65%	9 Years	Rs. 17,366/-
15 Lakhs	8.65%	10 Years	Rs. 18,718/-
17 Lakhs	8.65%	12 Years	Rs. 19,013/-
18 Lakhs	8.65%	14 Years	Rs. 18,514/-
21 Lakhs	8.65%	15 Years	Rs. 20,865/-
22 Lakhs	8.65%	16 Years	Rs. 21,196/-
23 Lakhs	8.65%	20 Years	Rs. 20,179/-
25 Lakhs	8.65%	13 Years	Rs. 26,742/-
27 Lakhs	8.65%	10 Years	Rs. 33,693/-
29 Lakhs	8.65%	17 Years	Rs. 27,184/-
30 Lakhs	8.65%	15 Years	Rs. 29,807/-
31 Lakhs	8.65%	18 Years	Rs. 28,356/-
32 Lakhs	8.65%	16 Years	Rs. 30,830/-
34 Lakhs	8.65%	19 Years	Rs. 30,424/-
35 Lakhs	8.65%	20 Years	Rs. 30,707/-

Axis Bank Home Loan Eligibility Calculator

Axis Bank Home Loan amount depends on applicant’s income/salary, because as per policy a person can pay 50% to 60% (depends on bank to bank) total amount of monthly income in the form of EMIs.
Lets take an example : If applicant is getting Rs. 20,000/- per month then he or she is eligible to pay the total EMIs of Rs. 10,000/- to Rs. 12,000/- of EMI from his or her monthly income. If applicant has already personal loan and bike loan running and pays EMI of Rs. 4,000/- and Rs. 1500/- respectively per month, therefore the total deduction is Rs. 5500/- per month from income. Then the applicant is capable to pay the EMI of Rs. 4500/- or Rs. 6500/- only. The loan amount and eligibility depends on the few factors.
Eligibility Calculation = (50% – 60% of total income) – (if any other loans/EMIs/Policies)

Some Factors That Bank Checks During Loan Approval

1. Remaining previous loan amount
2. EMIs/Policies
3. Some other expenses

How to Apply for Axis Bank Home Loan Applying for a Axis Bank online Home Loan is simple.

It just takes 4 simple steps to get an instant Home Loan approval!
Step 1: Click here to go our online form. Fill-in all the details and submit the form at sbiloanrates.com
Step 2: Get an instant quote on loan amount and eligibility. Select your required loan amount and tenure.
Step 3: Our representative will get in touch with you for document collection and other formalities.
Step 4: Loan sanctioned and Money will be credited to your account within 72 working hours after disbursal!