Apply for Axis Bank Home Loan

Hassle-free Documentation Process | Doorstep Service | Secured Loan | Complete Transparency | Low Interest Rate

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20

Years Of Experience

About Axis Bank Home Loan

Axis Bank Home Loan provides the necessary financial support for Home Buying, Home Renovation, Home Extension, and Plot Purchase. It is a secured loan that requires the borrower to provide collateral as a form of security.

LoanMoney is a registered and authorized Direct Selling agent of various National, Multinational, and Non-Banking Financial Companies. It provides a loan with minimum documentation, low-interest rates for a longer tenure, fast approval mechanism, low processing fees, and multiple repayment options. Apply for Axis Bank Home Loan through LoanMoney to get hazel-free get hassle-free financial support from India's leading Bank.

Features of Axis Bank Home Loan

  • Smaller EMIs
  • Floating & Fixed Interest Rates
  • Get 12 months EMIs waived at no extra charge
  • Minimum Loan Amount Rs. 3 Lakhs
  • Longer Tenure till 30 year
  • No PrePayment Charges
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Details of Axis Bank Home Loan

  • Interest Rate

  • Eligibility Criteria

  • Documents Required

  • General Information

Interest Rate

Fee Amount to be Paid
Rate of Interest 6.50% to 7%
Loan Processing Charges Min.10000/ Upto 0.25% + Service Tax
Cheque Bounce Charges NA
Cheque/ Instrument Swap charges NA
Prepayment/ Foreclosure Charges NA
Default Interest Rate NA
Duplicate Statement Issuance Charges NA
Duplicate Amortization Schedule Charges NA
Duplicate Interest Certificate NA
S(Provisional/ Actual) issuance Charges NA
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Axis Bank Home Loan Eligibility Criteria

Axis Bank considers multiple factors to determine home loan eligibility, including but not restricted to:

  • The Income of all applicants > 25 k Per month
  • Age of the primary applicant > minimum 25 year
  • Number of dependents that the applicants support
  • Assets and liabilities of the applicants
  • Stability and continuity of the primary applicant’s occupation
Particulars Salaried Self Employed Professional
Age(Min-Max) 21 To 60 Years 21 To 65 Years 21 To 65 Years
Minimum Income Min. 2,00,000/ p.a Min. 2,00,000/ p.a Min. 2,00,000/ p.a
Co-applicant NA NA NA
Loan Tenure 5 To 25 Years 5 To 25 Years 5 To 25 Years
Maximum Loan Amount Max. 15 Crore Max. 25 Crore Max. 25 Crore
Employment/Business Continuity Min. 2 Year Min. 3 Year Min. 3 Year
CIBIL Score Min. 700+ Min. 600+ Min. 600+
Axis Bank Documents Required

Proof of Identity/ Address:

  • Passport
  • PAN Card
  • Aadhaar Card
  • Driving License
  • Voter ID
  • GOI issued Photo ID
  • Govt Employee ID
  • Gas / Telephone Bill
  • Property Tax Receipt

Proof of Income:

  • Latest 3 Months Salary Slips for salaried individuals
  • Form 16 (or Employment continuity proof)
  • Last 2 Years Computation of Income, P&L, Balance sheet with CA seal and sign
  • Business continuity proof: Minimum 3 Years

Property documents

Own contribution proof

Sanction letter

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Axis Bank General Information

Salaried Self Employed Professional
Age 21 To 60 Years 21 To 65 Years 21 To 65 Years
Loan Amount Upto 5 Crore Upto 5 Crore Upto 25 Crore
Tenure 5 To 30 Years 5 To 30 Years 5 To 30 Years
Rate of Interest / APR [Annual Percentage Rate] 6.50% To 7.25% 6.50% To 7.25% 6.50% To 7.25%
Features Get 12 months EMIs waived at no extra charge Get 12 months EMIs waived at no extra charge Get 12 months EMIs waived at no extra charge
Processing Fees Min. 10000/ Upto 0.25% + Service Tax Min. 10000/ Upto 0.25% + Service Tax Min. 10000/ Upto 0.25% + Service Tax
Special NA NA NA
Documentation KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents.
Eligibility
  • Individuals in permanent service in the Government or reputed companies fall under the home loan eligibility criteria.
  • Applicants should be above 21 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.
  • Professionals (i.e., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) meet the Axis Bank Home Loan eligibility criteria.
  • Applicants above 21 years of age at the time of home loan commencement and up to 65 years or less at the time of home loan maturity meet our home loan eligibility criteria.
  • Any individual filing income tax returns can apply
  • Applicants should be above 21 years of age at the time of the commencement of the home loan and up to 65 years or less at the time of maturity of the home loan.

Self-Employed Documents

Application Form

Complete the form with precision.

Proof of Identity (Any One)

  • Aadhaar Card
  • Passport
  • Voter ID Card
  • Driving License
  • PAN Card

Proof of Residence (Any One)

  • Aadhaar Card
  • Passport
  • Utility Bills (electricity, water, gas) in the applicants name
  • Rent Agreement (if applicable)

Proof of Business Existence

  • Business Registration Certificate (Partnership Deed, MOA, AOA.)
  • Shop and Establishment Certificate
  • GST Registration Certificate
  • Professional Practice Certificate (for professionals like doctors, lawyers.)

Bank Statements

Personal and business bank statements for the last 6-12 months

Income Proof (Any One)

  • ITR of the last 2-3 years along with computation of income
  • Audited Financial Statements (Balance Sheet, Profit & Loss Statement) for the last 2-3 years
  • GST Registration Certificate
  • Business or Professional License
  • Bank Statements of the business for the last 6-12 months

Proof of Income Continuity

  • Business continuity proof (such as client contracts, work orders.)
  • Professional practice continuity proof

Property Documents

  • Copy of the Sale Agreement
  • Copy of the Allotment Letter (if applicable)
  • Copy of the Possession Letter (if applicable)
  • Approved Building Plan

Property Valuation Report

This may be required by Axis Banks valuers to assess the propertys current value.

Other Documents

  • Passport-sized photographs of all applicants
  • Processing fee cheque
  • Any other document requested by Axis Bank based on the specific case

Self-Employed Eligibility

  1. Age: Applicants should be between 21 and 65 years of age.
  1. Income: Your income is a crucial factor in determining your loan eligibility. Axis Bank will assess your income stability and repayment capacity. Generally, a higher income increases your chances of loan approval.
  1. Business Stability: The bank usually considers the stability and continuity of your business or profession. A longer business track record often improves your eligibility.
  1. Profitability: The bank might evaluate your business financial performance and profitability to assess your repayment capacity.
  1. Credit Score: A good credit score is important for loan approval. It reflects your creditworthiness and ability to manage debt. A higher credit score can lead to better terms and higher loan amounts.
  1. Existing Loans and Liabilities: Any existing loans or financial obligations will impact your eligibility as they affect your disposable income.
  1. Loan Amount: The loan amount you are eligible for depends on your income, business stability, and other financial obligations. Generally, Axis Bank and other lenders offer up to a certain percentage of the propertys value as a loan.
  1. Property Value and Type: The property you plan to purchase also plays a role. Axis Bank will usually finance a certain percentage of the propertys value, known as the Loan-to-Value (LTV) ratio.
  1. Documentation: You will need to provide necessary documents to support your income, business stability, and other financial details. This might include income tax returns, business financial statements, bank statements, and more.
  1. Co-applicants: Having a co-applicant with a stable income can improve your loan eligibility.
  1. Loan Tenure: The tenure of the loan can impact your eligibility. Longer tenures might result in higher eligibility due to lower EMI amounts, but this also depends on your age and repayment capacity.

Quick Enquiry for Axis Bank Home Loan

Share your contact details and talk with our experts to get an instant decision on your loan.

Check Your Eligibility

How much do you need?

EMI Calculator

Check Your Cibil Score

Purpose for Taking Home Loan

Home Buying

Buy your dream house or home that is within your budget.

Home Renovation

Make your home more beautiful by renovating your dream home.

Home Extension

Increase the amount of built-up space at your home using this loan.

Clients words

What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

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Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

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Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

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Avlokit Kaushik

Client

This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Home Loan

  • Who can apply for a Home Loan?

    Home Loan is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.

  • How long will it take for my Home Loan to be processed?

    Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.

  • What is the Cheapest Home Loan or Affordable Home Loan?

    An Affordable or cheapest Home Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Home Loan with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Home Loan.

  • What are Nil Foreclosure Charges in Home Loan?

    The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

    Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Home Loan to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.

  • What are the features of Loanmoney's Fastest Home Loan?

    The features of Loanmoney's Fastest Home Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.

  • Do I need to provide any security or collateral to obtain Home Loan from Bank?

    No, you don’t have to provide any security, collateral or guarantee to obtain Home Loan from Bank.

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