Axis Bank Home Loans

 

Cotact: Srinivas Ph:9030108575

• Features & Benefits

Axis Bank offers affordable and flexible housing loans that can turn your dream of owning a home into reality.
If rising real estate prices have pushed the house you coveted beyond your budget, Axis Bank’s unmatched home loans will put it within reach. The attractive interest rates and minimal processing fees make our home finance products a first choice for savvy buyers. In addition, features such as flexible tenures, transparent processing and quick service have made our products stand out among the best home loans in India.
We have products to suit every budget, taste and need. Whether you are self-employed or salaried, want a floating or fixed rate, Axis Bank will offer a loan that is just right for you.

At Axis Bank, there’s more to a home loan than finance for apartments or readymade homes. Want to build a home according to your specifications and designs? Axis Bank offers loans for land purchase so that buy plots and create your dream home the way you want. We also provide home renovation loans that will help you refurbish your home without worrying about upfront costs.
The attractive interest rates on land purchase loans as well as home improvement loans, and Axis Bank’s reputation for customer service make our housing finance products a great choice for customers.

Land Loan features and benefits

• You can use the land purchase loan to buy a plot of land and to construct the house.
• You can take a land loan to build a house on a plot of land that you already own.
• The land loan can be used to buy a new house/ flat.
• Purchase an old house/ flat. To avail of the loan, the residual age of the property as confirmed by our empanelled valuators at the maturity of the loan should not be less than 10 years.
• Takeover of existing housing loans.

Home Improvement Loan features and benefits

• You can use our home improvement loans for a variety of purposes. You can utilize it to make renovations, paint the house, carry out repairs to the walls and floor etc.
• You also get the benefit of attractive interest rates on home renovation loans.

 Special Balance Transfer Scheme

AXIS BANK home Loans Presents "BT Dhamaka 2012"

A Special Balance Transfer Scheme

Limited period offer!

All you need is a clear Repayment Track record of your existing Home Loan and you can avail –

• Attractive Low Rate of Interest
• Closure at your will - ZERO Pre-Payment /Part payment charge
• Top up loan available @ Home Loan rate only
• Higher Top Up loan up-to 30% above your current loan
• Simple Process, Hassle Free Loan, faster Disbursement

Attractive ROI

Rate of Interest

• Up to Rs 30 lacs - 10.50%
• Rs 30 lacs upto Rs 75 lacs - 10.75%
• Rs 75 lacs and above - 11.00%

Features:

1. The eligibility of the Balance Transfer will be based on the seasoning and track-record of existing loan only – Minimum Clear Repayment Track Record of 18 Months is required
2. Total Loan Eligibility -
a. Maximum 1.3 times of the sanctioned amount of the existing loan for a track record of 24 months, 1.2 Times for track record of 18 months
c. Minimum margin is 25 % of the Market Value of the property for Salaried & 30% for the Self Employed customers

Exclusion:

• Plot loans
• Properties in Hyderabad, Bhubaneswar, Madurai and Greater Noida
• Facility is available for Takeover from Selected Financial Institutions

Indicative Documentation:

• Application Form
• KYC documents
• Bank statement
• Income documents
• Repayment Track record of existing Loan for 18 months & previous loan details

Salaried	Current/ Last month pay slip and 1 Month salary a/c statement showing salary credit
Self Employed	ITR of last / previous financial year

Special Processing Fees

Salaried customers

• Up to Rs 30 lacs : Rs 5000 + ST
• Above Rs 30 lacs : Rs 10,000 + ST

Self-employed customers - 0.50% + ST of the loan amount.
For detailed information, please contact the nearest ASC/ Branch of AXIS Bank Limited period offer, Loans are upon sole discretion of AXIS Bank Please read the terms and conditions carefully.

• Eligibility Criteria

Axis Bank offers loans to a variety of individuals. Home loan eligibility is determined by various factors such as income, employment status, tenure and so on. Our aim is to provide affordable housing loans to as many individuals and families as possible.

Home Loan Eligibility Criteria

A) - Salaried Individuals

• Individuals in permanent service in the Government or reputed companies meet our Home Loan eligibility criteria
• Applicants 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.

B) - Professionals

• Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, management consultants only) can apply.
• Applicants above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.

C) - Self Employed Individuals

• Any individual filing income tax returns can apply
• 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

 For More Details Cotact: Srinivas Ph:9030108575