Axis Bank Home Loan Eligibility
Axis Bank offers affordable home loan options for its customers. The home loans can be availed for a loan repayment tenure of up to 30 years. The rates of interest start at 6.90%* p.a. The lender offers both fixed and floating rates. The home loan eligibility of Axis Bank is discussed below.
*Note: The interest rate is a festive offer under the 'Dil Se Open Celebrations' scheme of the bank.
We found 1 Axis Home Loan
Balance Transfer
Axis Bank Home Loan
Loan Amount
:₹5L -₹10Cr
Fixed
:9.00%
Tenure
:1 - 30 Years
Processing Fee
:0.50%(Min ₹ 10,000)
See Less
Fees & Charges
- Preclosure fee = ₹0
- Part payment fee = ₹0
Documents
- KYC-PAN, address & ID proof
- Income proof, bank statement and one photograph
What you'll love
- No guarantor required
- No pre-closure and part payment fee on floating rate loan
Perks
Balance Transfer
Top-up Loan Available
Part-Payment Available
No Guarantor Required
Door Step Service
E-Approval
Axis Bank Home Loan Eligibility Criteria
Age | 21 years to 60 years |
Employment | Professionals, salaried and self-employed individuals |
Employment Type | Permanent service |
Axis Bank Home Loan Eligibility Based on Salary
The home loan eligibility of Axis Bank can depend on a number of factors. The home loan eligibility calculator of Axis Bank helps you determine the approximate loan amount that you will be eligible for. This is dependent on the information that you provide.
You can use the Axis Bank home loan eligibility calculator to find out the loan amount that you will be eligible for. For the loan amounts listed in the table below, the loan repayment tenure is assumed to be 30 years and the rate of interest is assumed to be 6.90% p.a.
Monthly Income | Loan Amount |
Rs.25,000 | Rs.15,18,372 |
Rs.30,000 | Rs.20,49,802 |
Rs.35,000 | Rs.23,91,436 |
Rs.40,000 | Rs.27,33,070 |
Rs.45,000 | Rs.30,74,703 |
Rs.50,000 | Rs.34,16,337 |
Rs.55,000 | Rs.41,75,523 |
Rs.60,000 | Rs.45,55,116 |
Rs.65,000 | Rs.49,34,709 |
Rs.70,000 | Rs.53,14,302 |
Rs.75,000 | Rs.56,93,895 |
Note: The figures mentioned above are indicative and are based on certain assumptions. The figures are subject to change on the basis of other relevant factors such as the age of the applicant, etc.
Axis Bank Home Loan Eligibility Based on Age
The maximum repayment tenure for Axis Bank Home Loans is primarily dependent on the age of the applicant. Getting a home loan earlier will make you eligible for the longest loan repayment term. The following list shows the maximum loan repayment tenure that an applicant will be eligible for on the basis of his or her age.
Applicant Age | Maximum Eligible Tenure |
21 years to 30 years | 30 years |
31 years | 29 years |
32 years | 28 years |
33 years | 27 years |
34 years | 26 years |
35 years | 25 years |
36 years | 24 years |
37 years | 23 years |
38 years | 22 years |
39 years | 21 years |
40 years | 20 years |
41 years | 19 years |
42 years | 18 years |
43 years | 17 years |
44 years | 16 years |
45 years | 15 years |
Axis Bank Home Loan Eligibility Based on Credit Score
Rating | Credit Score |
Good | 750 and above |
Average | 600 - 750 |
Poor | Below 600 |
Having a higher CIBIL score strengthens the possibility of your home loan application being approved. In general, a CIBIL score of 650 or more increases the chances of your home loan application approval.
Factors Affecting Axis Bank Home Loan Eligibility
Some of the factors which affect the home loan eligibility of Axis Bank are listed below:
- The Credit Score of the applicant
- Any other active loans for which the applicant is a co-borrower
- The credit history of the applicant
- The loan repayment history of the applicant
- The repayment capability of the applicant
FAQs on Axis Bank Home Loan Eligibility
- What is the minimum loan amount that has to be borrowed under the Axis Bank Home Loan scheme?
Under the Axis Bank Home Loan scheme, a minimum amount of Rs.3 lakh has to be borrowed.
- What is the margin for Axis Bank Home Loan?
Under the Axis Bank Home Loan scheme, the following margins are applicable:
- 10% for a loan amount of up to Rs.30 lakh
- 20% for a loan amount of more than Rs.30 lakh and up to Rs.75 lakh
- 25% for a loan amount of more than Rs.75 lakh
- What are the pre-payment charges for Axis Bank Home Loan?
There are no pre-payment charges for Axis Bank Home Loans.
- Does Axis Bank offer Home Loan Balance Transfer options?
Yes, Axis Bank offers the benefit of Home Loan Balance Transfer on your existing home loans.
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