Axis Bank Home Loan- Eligibility, Interest rate, Documentation

Axis bank home loan offers an easy method to get a Home loan in Delhi. Like any other bank Axis bank also follows the same standard ways. However, interestingly there are 2 special schemes that only Axis bank offers. These are:

  1. Happy ending Axis home loan
  2. Home loan transfer scheme

Under the Home loan transfer scheme, Axis bank has the last 12 months wavier scheme, which is offered at the same interest rate as any regular home loan. It is applicable to new customers only under floating rate option. With an initial tenure of 20 years EMI, wavier will be offered to all home loans.

Under the special transfer scheme, one needs to only carry a clear repayment track record of the existing home loan. This excludes plot loans, properties in Greater Noida, Hyderabad, Bhubneshwar and Madurai.

Key features of Axis Bank Home Loan

Axis Bank home loans are meticulously designed as per the varying needs of clients. Also our home loans offer great benefits. Valuable interest rates -we offer great interest rates that help make your home loan affordable and easy on your pocket.

Flexible rates - with us you get the freedom to choose between fixed and floating rates depending upon your needs and choice. Balance transfer facility -just in case you are not satisfied with your existing home loan provider, you can easily transfer your home loan to us without any worry.

Great Service -now no more going to the bank for procedures! It is time that the bank itself comes at your doorstep.

Easy and transparent loan processing

Nil payment charges* - with Axis Bank you can easily pay off your home loan early without worrying about any pre-payment charges.

* Valid only on floating interest rate Home Loans.

We offer great benefits for our Premium Banking customers. To know more about this service, get in touch with your Relationship Manager today!

Eligibility Criteria of Axis Bank Home Loan

  1. For Salaried Individuals

    Applicant should be above 24 years of age at the time of loan commencement and up to the age of 60 or superannuation (whichever is earlier at the time of loan maturity)

  2. Professionals

    Professionals can also apply for Axis Bank home loans. For eg: dentists, company secretary, and management consultants only)

    • Applicant should be 24 years or above of age at the time of loan commencement
    • Should be up to 65 years or less at the time of loan maturity meet our housing loan criteria.
  3. Self Employed Individuals

    Any individual filing income tax returns can apply for Axis Bank home loan. Applicants should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity.

Documents Required for Axis Bank Home Loan

  1. Identity Proof

    For salaried person -Voter's ID card/Driving license /PAN card/ Photo credit card/ Employees ID card/ Defence or police or government department ID card

    For Self Employed person: Voter's ID card/ Driving license/ PAN card/ Photo credit card

  2. Income Proof

    For salaried person: Form 16 along with Latest 3 Months salary slip that mentions all deductions.

    For Self Employed person:

    • Last 2 years income tax returns
    • Computation of income for the last 2 years certified by a CA
  3. Residence Proof

    For salaried person:

    • Employers letter certifying the current mailing address
    • Or Bank account statement
    • Or latest electricity bill
    • Or telephone bill/ Mobile bill
    • Or existing house lease agreement
    • Or registered lease
    • Or leave and licence agreement with a utility bill
    • Or ration card or latest property tax / water tax bill

    For Self Employed person:

    • Bank account statement
    • Or latest electricity bill
    • Or telephone bill/ Mobile bill
    • Or existing house lease agreement
    • Or registered lease
    • Or leave and licence agreement with a utility bill
    • Or ration card or latest property tax / water tax bill
  4. Bank statement or passbook where salary or income is credited.

    For Salaried & Self Employed: Last 6 months

Axis Bank home loans are especially planned and designed for people of today. An integral factor that determines the cost of your loan is the interest rate. The higher the home loan interest rate, the larger is the sum that he user would be shelling out each month.

Axis Bank offers the most sought after home loan interest rates in India, helping you keep your EMI in check.

Axis Bank Home Loan EMI Calculator