Apply For Axis Bank Home Loan to Buy, Constructor Renovate Homes

It has always been your big dream to buy a house, and to take care of this Axis Bank introduced you to a home loan. Using the Axis Bank Home Loan, you can get a lump sum of funds by which you can pay the property cost and live in it without any hassle. Not only will it help you buy a ready built house, but using the Axis Bank Home Loan, you can construct or renovate a house as well. Read this post and know more about this home loan.

Loan Amount From Axis Bank

The bank gives you a maximum home loan of INR 5 Crore and minimum loan of INR 3 lakh. You just have to find out how much loan you are eligible for and does the Axis Bank Home Loan satisfy your needs or not.

When you find all of that information, you can apply for the Axis Bank Home Loan without any hassle.

Check Eligibility for Axis Bank Home Loan

Axis Bank provides the home loan for both salaried and self-employed individuals, you just have to meet the following criteria as specified by the bank.

  • You must be permanently employed in a government or reputed company  
  • Your age should be above 21 years 
  • Self-employed professionals like doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants are also eligible for the Axis Bank Home Loan.
  • And any self-employed unprofessional individual filing income tax returns can apply for the Axis Bank home loan.

Margin Over Your Axis Bank Home Loan

The bank may put a margin over your loan amount that will not be payable by the Axis bank and the borrower needs to pay that amount by themself only. Check this table below to know the Axis bank home loan margin.

Loan Amount Margin Percentage 
Upto INR 30 lakh 10%
Above INR 30 lakhs and upto INR 75 lakh 20%
Loan above INR 75 lakh 25%
Attractive Axis Bank Home Loan Interest Rate

The advantage of borrowing an Axis Bank Home Loan is that you can choose whether you want a floating or fixed interest rate on your home loan. Have a look at the table below to know how.

Interest Rate for Salaried Individuals

Type Axis Bank Home Loan Interest Rate
Floating  7.75%-8.80%
Fixed 12.00%

Interest Rate for Self-employed Individuals

Type Axis Bank Home Loan Interest Rate
Floating  7.95%-8.55%

Now you know everything about the Axis Bank home loan, but before applying for that have a look at the list of documents which you might need.

Salaried Applicants:-

  • PAN Card
  • Passport
  • Aadhaar Card
  • Driving License
  • Voter ID
  • GOI issued Photo ID
  • Govt Employee ID
  • Electricity Bill
  • Gas Bill
  • Telephone Bill
  • Property Tax Receipt
  • Birth Certificate
  • SSC Marksheet
  • Banker’s verification
  • Notarized affidavit with ID & Address proof 
  • 3 months salary slip
  • 6 months salary slip or 2 years bonus proof (in variable pay)
  • 6 months bank statement with salary credits
  • 2 years Form 16 or an employment continuity proof from the employer

For NRI Salaried – 

  • 3 month salary slip
  • Appointment or contract letter
  • Continuous Discharge Certificate in case of shipping
  • 6 month Domestic NRE or NRO account statement
  • 6 month international salary account statement
  • Overseas credit report
  • Visa or OCI card copy
  • Passport copy
  • POA details

Self-employed Applicants:-

  • PAN Card
  • Passport
  • Aadhaar Card
  • Driving License
  • Voter ID
  • GOI issued Photo ID
  • Govt Employee ID
  • Electricity Bill
  • Gas Bill
  • Telephone Bill
  • Property Tax Receipt
  • Birth Certificate
  • SSC Marksheet
  • Banker’s verification
  • Notarized affidavit with ID & Address proof 
  • 2 years ITR
  • Computation of Income
  • Profit and Loss Balance sheet with CA seal and signature
  • Tax Audit Report (If Gross Turnover is above INR 1 Cr or Gross Receipts Exceeds INR 25 LAKH)
  • 6 months bank statements (for both personal and business account) 
  • CPC and tax paid challan (If ITR is filed without digital sign)
  • Minimum of 3 years Business continuity proof