Axis Bank Home Loan

Axis Bank is India’s third largest private sector bank. It provides home loans that make the journey towards home-ownership easy & affordable. With an Axis Bank home loan, you can enjoy a number of features that will make the overall borrowing experience smooth & enjoyable. Axis Bank also provides different kinds of home loans for different kinds of borrowers. This allows you to get a loan that’s better suited for your financial profile.

Some of these types of Axis Bank home loans are start below.

Axis Empower Home Loans:

Instant home loans for a self-employed individual with a good banking record. Rates start at 8.85%.

Shubh Arambh Home Loans:

This is one of the best home loans available today. With this loan, if you make all your repayments on time, your last 12 EMIs are waived off!

Axis Asha Home Loans:

This sort of loan is suited for a smaller amount. It will offer 90% of the property’s value for a loan up to Rs. 30 lakh. You can avail this Axis Bank home loan even if your income is Rs. 8,000 to Rs. 10,000.

Axis Supersaver Home Loan:

With this type of Axis Bank home loan, you can park your surplus money in an Axis Account and reduce the burden of your EMI & interest payable.

Axis Bank Home Loan Eligibility:

To be eligible for an Axis Bank home loan, you need to be at least 24 years of age. Also, salaried applicants should be not more than 60 years or 65 years in case of self-employed applicants. If you satisfy these age criteria, you are eligible for an Axis Bank home loan.

However, your Axis Bank home loan eligibility amount depend on numerous factors such your income, outstanding loans (if any), number of family members, savings, financial assets, credit scores, etc. To get a better idea, you can use an eligibility calculator. It will give you a ballpark eligibility amount that you can apply for keeping in mind some basic financial details.

You can improve your Axis Bank home loan eligibility by opting for a co-borrower, especially one with their own source of income. This should help increase your eligibility significantly as the lenders will take into consideration the disposal income of your co-borrower to adjudge your eligibility.

Axis Bank Home Loan Rates:

Axis Bank home loan rates are relatively affordable. For loans up to Rs. 30 lakh, the interest rates are 8.85% for salaried & 8.90% for self-employed. For loans ranging between Rs. 30.01 lakhs and Rs. 75 lakhs, the rates are 8.85% for salaried & 8.90% for self-employed. Axis bank home loan rates for amounts in excess of Rs. 75 lakh is 8.85% for salaried & 8.90% for self-employed.

Axis Bank Home Loan Documents:

Axis Bank provides a host of options when it comes to documents they allow. This flexibility is always a plus for the borrower – they are not restricted to a fixed list of documents, rather they can choose which documents to submit as per their availability. To give you a better idea of about Axis Bank home loan documents, we have provided a list of accepted official papers they accept.

For Identity Proof:

  • Passport
  • Voter’s ID
  • Driving license
  • Aadhaar Card
  • PAN Card

For Address Proof:

  • Passport
  • Voter’s ID
  • Driving license
  • Aadhaar Card

Income Proof for Salaried Borrowers:

  • Previous 3 month’s salary statements
  • Form 16

Income Proof for Self-employed Borrowers:

  • Previous 2 years Income Tax returns
  • Previous 2 year’s income computation with CA certification

Apply for Axis Bank Home Loans on ApnaLoan:

We at ApnaLoan make it easy for you to get Axis Bank home loans. Just fill out our simple application and hit the submit button. Within moments, we will provide instant quotes and a representative from Axis Bank home loans will be in touch with you to provide you the best deal.

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