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Axis Bank Home Loan

Loanmani- Axis Bank

Axis Bank is one of the leading private sector banks in India, offering a wide range of financial products and services to individuals and businesses. The bank provides home loans to help individuals fulfill their dream of owning a house. The home loans are offered at attractive interest rates, flexible repayment options, and easy documentation.

Axis Bank Home Loan can be used to purchase a new house, construct a new house, renovate an existing house, or purchase a plot of land for construction. The bank offers a high loan amount of up to Rs. 5 crores, subject to the borrower's eligibility. The loan repayment tenure can range from 1 year to 30 years, making it flexible for borrowers to choose the repayment option that suits their financial situation.

8.00 %

Advertised Rate

1 - 30 Years

Available Terms

750

Credit Score

5 L - 10 L

Loan Amount

Why Choose Axis Bank

  1. Low interest rates
  2. Flexible repayment options
  3. Quick and hassle-free loan approval process
  4. Online application and tracking facilities available
  5. Part pre-payment facility available


Axis Bank Eligibility Criteria

  1. The applicant must be a salaried employee or a self-employed individual.
  2. The minimum age of the applicant should be 21 years and the maximum age should be 65 years.
  3. The minimum net monthly income of the applicant should be Rs. 25,000.


Axis Bank Fees & Charges

  1. Processing fee: Up to 1% of the loan amount
  2. Prepayment charges: Nil on floating rate loans
  3. Late payment charges: 2% per month on the overdue amount


Axis Bank Features & Benefits

  1. Quick and hassle-free loan approval process
  2. Flexible repayment tenure of up to 30 years
  3. No pre-payment charges on floating rate loans
  4. Part pre-payment facility available
  5. Balance transfer facility available


Axis Bank Required Documents

  1. Proof of identity (Aadhaar card, passport, PAN card, etc.)
  2. Proof of address (electricity bill, telephone bill, etc.)
  3. Income proof (salary slips, bank statements, etc.)
  4. Employment proof (employee ID card, appointment letter, etc.)
  5. Property-related documents


FAQs on Axis Bank Home Loan

Q: What is the maximum tenure for an Axis Bank Home Loan?

A: The maximum tenure for an Axis Bank Home Loan is 30 years, subject to the borrower's age and other factors.

Q: What is the minimum and maximum amount of loan I can get from Axis Bank for a home loan?

A: The minimum loan amount that can be availed is Rs. 3 lakhs, and the maximum loan amount depends on various factors such as the borrower's income, credit history, property value, etc.

Q: What is the interest rate for an Axis Bank Home Loan?

A: The interest rate for an Axis Bank Home Loan depends on various factors such as the borrower's credit score, the loan amount, and the loan tenure. The current interest rates can be checked on the Axis Bank website or by contacting the nearest Axis Bank branch.

Q: Can I prepay my Axis Bank Home Loan? 

A: Yes, you can prepay your Axis Bank Home Loan, either partially or fully, without any prepayment charges.

Q: What is the processing fee for an Axis Bank Home Loan?

A: The processing fee for an Axis Bank Home Loan varies depending on the loan amount, tenure, and other factors. You can check the latest processing fee on the Axis Bank website or by contacting the nearest Axis Bank branch.

Q: Can I transfer my existing home loan to Axis Bank? 

A: Yes, you can transfer your existing home loan to Axis Bank, subject to the terms and conditions of the bank. You can contact the nearest Axis Bank branch for more information.

Q: What documents are required for an Axis Bank Home Loan?

A: The documents required for an Axis Bank Home Loan include identity proof, address proof, income proof, property papers, and other documents as required by the bank. The exact list of documents may vary depending on the borrower's profile and other factors.

Q: Can I apply for an Axis Bank Home Loan online? 

A: Yes, you can apply for an Axis Bank Home Loan online through the Axis Bank website or mobile app. You can also visit the nearest Axis Bank branch to apply for a home loan.

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