Axis Bank Home Loan Eligibility

Axis Bank Home Loan Eligibility Criteria

Eligibility Criteria	Axis Bank Home Loan
Eligible Age of Borrower	21 – 60 Years
Work Experience for Salaried	Minimum 2 Years
Work Experience for Self-employed	Minimum 5 Years
Processing Fee	1% of the loan amount + Applicable taxes
Loan Amount Eligibility	Max. depends on combined income
Tenure	Upto 30 Years
Interest Rate	8.70% Onwards
Pre-payment Charges	Nil on floating, Upto 2% for fixed on principal outstanding

Note: The facts and figures provided above are illustrative and subject to periodic change.

Axis Bank provides home loans at competitive interest rates under different options in order to fulfill various home related requirements of its customers. Axis Bank offers a wide variety of home loan schemes which can be summarized under the broad category of home loan provided by Axis Bank that includes Axis Bank Home Loan, Asha Home Loan, Fast Forward Home Loan, Shubh Aarambh Home Loan, Empower Home Loan, Super Saver Home Loan, and Top-up Home Loan.

Let’s get familiar with Axis Bank home loan eligibility and related aspects while understanding the importance of using home loan EMI calculator before applying for Home Loan with Axis Bank.

Below mentioned are the eligibility criteria for the Axis Bank Home Loan:

Axis Home Loan Eligibility Criteria for Salaried Applicant

• The applicant must have been permanently employed for minimum 2 years with recognized and renowned private or Government organizations.
• The applicant needs to be 21 years or above at the time of loan approval. In addition, the maximum age of the applicant by which the superannuation of the Axis housing loan must occur is 60 years. However, the home loan from Axis bank may end before the applicant reaches the age specified as well.

Axis Bank Home Loan Eligibility for Self-Employed Professionals

• Self-employed professionals, including chartered accountants, doctors, dentists, engineers, architects, management consultants, company secretaries and cost accountants are also eligible to apply for Axis bank home loans.
• Self-employed professionals must be at least 21 years old while applying for the home loan. However, they cannot exceed 65 years by the time of loan maturity.

Eligibility Criteria Specific to Self-Employed Applicants

• Any self-employed individual who has regularly submitted his/her income tax returns can apply for the Home Loan with Axis Bank.
• The maximum age of applicant at the time of home loan maturity is 65 years. While, the minimum age of eligibility for home loan application with Axis bank is 21 years.

Eligibility Calculator and its Importance

The Home Loan Eligibility calculator helps you to understand your home loan eligibility depending on your income and repayment capacity. Your age, credit history, credit score, financial position, creditworthiness and other financial liabilities, are also affects your home loan eligibility.

EMI Calculator

On the basis of your requirements that include loan tenure, loan amount and interest rates, Home Loan EMI calculator provides you an estimate of your home loan EMIs. At paisabazaar.com, you can check your home loan eligibility free of cost and also can check and compare best available home loan deals from almost all the leading lenders.

Documents Required for Salaried Professionals

• Proof of Identity: PAN Card, driving license, Voter’s ID card, valid passport, and photographs.
• Proof of Residence: Latest telephone bill, electricity bill, utility bill, valid passport, driving license and Voter’s ID card.
• Income Proof: Latest 3 months’ salary slips, Form 16, Last 6 months’ bank statement and passbook of the salary account.

Documents Required for Self-Employed

All the documents mentioned for the salaried people remains the same for self-employed. The Proof of Income which signifies:

• Last two years’ Income Tax return certified by Chartered Accountant.
• Last 6 months’ bank statement applicable for both personal and business purposes.