Axis Bank Home Loan

The emergence of fintech has revolutionized the finance industry, for example, online payments, passbook updates etc. Similarly, it would help if you don't have to step out of the house to apply for a home loan. Now, the neutral marketplace like loans4you facilitates the lenders meeting borrowers and provides an online platform for home loan approval. So, let's understand axis bank home loan in detail.

Axis Bank Home Loan Emi Calculator

With the help of the Home Loan EMI calculator, it will be easy for you to calculate Monthly home loan installments and to have the exact bifurcation of principal and interest you pay for the whole tenure. Home loan EMI calculator takes home loan principal amount, home loan interest rate, and home loan tenure as input and provides you the payable monthly EMI’s. Therefore, before choosing a particular home loan, it is very important to have an understanding of these three parameters and how do they relate to the home loan EMI.

AXIS Bank Home loan

A home loan is the loan agreement between a borrower and a lender (where the lender helps you purchase your dream home or land comfortably. Since the Axis bank home loan interest rates are bottommost than ever before, the bank offers unique multiple home loan programs to its customers, depending upon your eligibility. Thus, you never lose a chance to build your dream home and some of them are:

Program name Features Eligibility Loan amount (INR) Loan tenor
Axis Bank Home Loan Attractive interest rates (fixed and floating) Indian nationals, NRI Salaried and Self- employed customers Maximum five crore 30 years
Shubh Aarambh Home Loan zero additional & prepayment charges, 4 EMIs off on regular payments and 4 EMIs each renounce at the end of 4th, 8th and 12th year. Salaried Thirty lakhs 30 years
QuikPay Home Loan Reduced monthly instalments Salaried/ professional/ self-employed 3 lakhs to 5 crore 30 years
Fast Forward Home Loan zero additional & prepayment charges, 12 EMIs off on regular payments and 6 EMIs each renounce at the end of 10th & 15th year. Salaried/ professional/ self-employed 30 lakhs to 5 crore 30 years
Super Saver Home Loan overdraft facility for saving total interest payable on the home loan, Invest additional funds to earn interest and withdraw in need Salaried/ professional/ self-employed 10 lakhs to 5 crore 20-22 years depending upon the loan disbursed
Power Advantage Home Loans 2 years fixed + floating rate of interest Salaried/ professional/ self-employed Maximum five crore 30 years
Asha Home Loan Salaried/ self-employed 1lakh to 35 lakhs INR 30 years
Top-up Home Loan Additional funds on the same property for personal or business requirements, combined family income must be a minimum of Rs. 8000 p.m. Existing Home Loans and Balance Transfer customers. 50 lakhs 30 years
Pradhan Mantri Awas Yojana (PMAY) Save up to Rs. 2.67 lakhs for eligible grantee Applicants belonging to LIG/ EWS/ MIG for either construction or purchasing of their first-ever house. subjected to the applicant's financial capability Subsidy up to twenty years of the loan plus ten years more.
NRI Home Loan Lower interest rates NRI, POIO, OCI nationals of Pakistan/ Bangladesh/ Sri Lanka/ Afghanistan/ China/ Iran/ Nepal/ Bhutan. Maximum five crore 25 years

Get the right kind of financing from Axis Bank

As per specific bank norms, home loans can compose of any formulas given below.
1) Home loans = floating interest rate
2) Home loans = fixed interest rate
3) Home loans = fixed interest rate + floating interest rate

You can avail of home loans as per your specification & requirements. The following type of loans mentioned below is as per segmentation and requirements.

Purchase of New Home

Home loan for purchasing or resale of a new home. Home purchases are offered by all banks & housing finance companies. If you are looking to go for a house hunt, we recommend you meet our expert advisors, who can help you understand the technicalities of a home loan with ease.

Home Loan Transfer

Home Loan transfer allows you to transfer the balance on your current home loan to a new home loan structure with the new bank. This step is generally taken due to the high rate with the current bank. A normal transfer of the home loan from one bank/NBFC reduces the present higher rate with Bank/HFC.

Loan for Land Purchase

A land loan is usually preferred to acquire residential land for the construction of a house. Normally all Bank/HBFC take an affidavit to start your construction from 9 month to 24 months. You can compare home loan rates with our agents and Apply online for a home loan directly. We provide at-home services with the lowest charges and transparent solutions.

Renovation

Assume it's a marriage or just a few new changes when the family is growing. Renovations are necessary and inevitable changes for a better lifestyle. Renovation at times comes costly hence a home extension loan for extension in the present structure and sanctioned plan with permission from the competent authority.

Top Up Loan

Financial institutions provide top-up home loans to borrow an eligible amount of money over & above your home loan. A top-up home loan is provided for purposes of modification or construction of your house or to meet your personal expenses like funding for children's education, as well as business Purpose etc.

Balance Transfer + Top Up plan

Balance transfer plus allows you to transfer your current home loan to a new home loan structure with the new bank. The new bank also helps you with immediate financial needs in the form of a top-up home loan.

Loan for Self Construction

This type of home loan is for the construction of a new home. For a Home Construction Loan, you need to produce a sanctioned plan and permission from the competent authority. Similarly, like renovation, any new construction's estimated costs must be produced by the architect or the contractor.

Land Purchase + Construction loans

Land Purchase and construction loans can be availed for purchasing residential land and construction of a house. For a Home Construction Loan, you need to produce an approved plan and approval from the responsible officials.

Refinance Loans

Refinancing may put you on a lower interest rate or give you a mortgage with cheaper fees. Refinancing your home loan may also be undertaken if you need to borrow more money for renovations, or consolidate debts.

NRI Home Loans

Are you an NRI? Do you need a Home Loan? The NRI home loan is for Non-Resident Indians who wish to build or buy a home or property in India can avail of the benefits of this loan.

Compare Home Loan Transfer Interest Rates of All Major Banks

An Important component and deciding factor in Home Loan is the Rate of interest. There are different types of home loan Rates of interest available in the market and before deciding on the rate you should understand the advantages and disadvantages.

An home loan interest rate charged by a lender to a borrower for Home Loan is given, generally expressed in percentage. Home Loan Interest rates are directly proportional to the amount of risk associated with the borrower.

The annual home loan interest rate refers to the rate that is applied over one year. Home loan Interest rates can be applied over different periods, such as monthly, quarterly, or bi-annually. However, in most cases, home loan interest rates are annual.

Compare Present home loan rate of interest rates, home loan processing fees, home loan Maximum tenure of major banks like ICICI Bank home loan interest rates, Axis Bank home loan intrest rates, TATA Capital home loan interest rates, HDFC bank home loan interest rates, Yes Bank home loan interest rates,SBI Bank home loan interest rates, and many more to choose from. We have provided you a table for home loan comparison among the best home loan in India at the lowest home loan interest rate.

Bank Name Floating Interest Rates Per Lac Emi Get Into It
Axis Bank 6.90% - 8.40% Rs.769 - Rs.862 Apply Now
SBI Home Loan 6.70% - 6.75% Rs.757 - Rs.760 Apply Now
HDFC Home Loan 6.75% - 6.80% Rs.760 - Rs.763 Apply Now
ICICI Bank Home Loan 6.75% - 7.15% Rs.760 - Rs.784 Apply Now
PNB Housing Finance 7.35% - 9.05% Rs.796 - Rs.903 Apply Now
Bajaj Home Finance 6.80% Apply Now
IDFC First Bank 6.90% Rs.770 - Rs.769 Apply Now
Indiabulls 8.99% onwards Rs.880 - Rs.1029 Apply Now
Tata Capital Home Finance 9.25% onwards Rs.916 onwards Apply Now
Equitas 9.50% Apply Now
Standard Chartered 9.21% onwards Rs.913 onwards Apply Now

Home loan eligibility & its criteria:

Axis bank home loan eligibility is the pre-defined key element set up by the bank upon which the bank decides whether you're eligible to obtain & repay the home loan or not. Also, the home loan eligibility can differ depending upon the individual and the bank, but the key factors remain the same.

The axis bank home loan eligibility criteria include your age, income proof and other documents. Let's check one by the following:

Age :
The applicant's minimum age must be 21 years while obtaining the home loan.

Maximum age:
• Salaried: until 60 years or superannuation or least at the time of home loan maturity.
• Self-employed: up to 65 years of age or least at the time of home loan maturity.
• Professional: up to 65 years or least at home loan maturity.

Income Proof :
The home loan borrowing limit is a minimum of Rs. Three lacs and the applicant's present & future must show that he can repay the loan, and that includes:

For Salaried :
• Quarter or three months paycheque
• Six months cheque or two years bonus proof (fluctuating pay)
• Semi-yearly bank statement showing salary credits
• Employment continuity proof

For Self-employed :
• Two years ITR, Income statement, P&L account, verified balance sheet with authorized CA seal and sign.
• Semi-yearly personal and business accounts bank statements.
• Income continuity proof (3 years for a home loan or five years for LAP)
• Tax audit report
• If ITR is filed without CA's digital signature, CPC and delinquent tax paid challan are required.
• In exceptional cases (Asha home loan) - one-year ITR, income statement, P&L account, verified balance sheet with authorized CA seal and sign.

Note: any of the above proofs are acceptable.

Axis bank home loan eligibility calculator

For online calculating your Axis bank home loan eligibility, visit the loans4you.in and use the tool Axis bank Home Loan calculator at your convenience. The tool provided by our website loans4you.in will serve you with the home loan amount and the EMI after evaluating your age, loan tenure, ROI, net adjusted monthly income and other EMIs.