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.
Table of Contents
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!
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