Home Loan EMI Calculator

AXIS BANK

1. HOME LOAN ELIGIBILITY

• Salaried Individuals:
  Eligible applicants must be between 21 and 65 years of age with stable employment history, preferably with reputable companies or government sectors. Financial stability proofs and employment verification are required.

• Self-Employed Individuals:
  Business owners and entrepreneurs are eligible. Applicants must be 21 or older at the loan's initiation and under 65 at the loan's closure. Tax returns and proof of consistent income are necessary.

• Professionals:
  Doctors, engineers, and other professionals can apply by submitting professional qualifications and proof of practice.

2. HOME LOAN CHARGES

• Processing Fee:
  Axis Bank charges a processing fee of up to 1% of the loan amount, subject to a minimum amount.

• Prepayment Charges:
  No prepayment charges on floating-rate home loans.

3. HOME LOAN INTEREST RATES

• Salaried Individuals:
  Interest rates start at 8.75% p.a.

• Self-employed Individuals:
  Interest rates start at 9.10% p.a.

• Fixed and Floating Rates:
  Choose between fixed and floating interest rates depending on your preference and financial planning.

• MCLR Rates:
  The interest rate may vary based on factors like loan amount, customer relationship, and loan type.

4. DOCUMENTS REQUIRED FOR HOME LOAN

• Mandatory Documents (For all applicants):

• Application Form, PAN Card

• Proof of Identity (Passport, Aadhaar, etc.)

• Proof of Address (Aadhaar, Utility Bills, etc.)

• Date of Birth Proof (PAN Card, Birth Certificate, etc.)

• Passport-size photograph

• Salaried Individuals:

• Latest pay slips (3-6 months), bank statements, Form 16, job appointment letter

• Self-Employed Individuals:

• Last 2 years' ITR, financial statements, bank statements, tax audit reports

• Partners/Directors:

• Partnership Deed, NOC, audited ITR, Board Resolution

5. FEATURES & BENEFITS OF HOME LOAN

• Loan Amount:
  Borrow from ₹3 lakh to ₹5 crore for property investments.

• Flexible EMI Options:
  Choose EMIs based on your financial capacity.

• Quick Application and Approval:
  Streamlined process ensures fast loan disbursal.

• Loan Transfer:
  Easily transfer existing loans to Axis Bank with favorable terms.

• Online Management:
  Manage your loan online for convenience.

• No Prepayment Charges:
  No charges on prepayment for floating-rate home loans.

Competitive Interest Rates:

Affordable interest rates tailored to your financial situation.