Axis Bank Home Loan – Interest Rates Feb 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.

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!