Axis Bank Happy Ending Home Loan | Last 12 Month Waiver Option Scheme
Axis Bank Offers Last 12 Month Waiver option Scheme in Home Loans product-folio. The Scheme is Called Happy Ending Home Loan.
Happy Ending Home Loan Scheme is being offered at the same rates as a regular loan and will be applicable to new customers under the floating rate option. The EMI waiver will be offered to all loans with an initial tenure of 20 years or more that cross their 15th year.
For More Details and Apply Online: Special Schemes of Axis Bank Are:
- HAPPY Ending Home Loan (Save Upto 2 lakh of Rupees)
Home Loan applications received for rupees ₹ 419,027 crores till 26 April 2024
The new product, available to new customers, offers to waive 12 EMIs for those borrowers with a 15-year or more tenure and if he/she pays the EMIs on time.
Example:- A customer taking a home loan for Rs. 50 lakh at 11 per cent floating rate, the EMI per lakh of loan size will be Rs. 1,032. For a customer taking a ‘Happy Ending Home Loan’, the EMI waiver will be worth up to Rs. 6.19 lakh.
Under this scheme, you can avail a Home loan for purchasing an under construction/ ready/ resale house self-construction, plot plus construction loans. Other advantages include:
- Last 12 EMIs waived off*: Now get your last 12 EMIs waived off* at no extra cost by paying your EMIs regularly. Just make sure that your repayment track record is clean, i.e., only 3 instances where dues are pending for 30 days and above but never over 90 days during the life of the loan. The minimum tenure at the time of disbursement needs to be 20 years. You can also part pay your loan, as long as the loan tenure does not fall below 180 months.
- No hidden charges: This benefit comes to you at no extra cost!
- Standard interest rates apply: Avail and enjoy standard interest rates on your Happy Ending Home Loan
- Balance transfer facility: Transfer your Home Loan to us without any hassles
- Doorstep service: The bank comes to your doorstep for your Home Loans
- Nil prepayment charges*: Pay off your housing loan early without worrying about the prepayment charges. However, the extent of part payment should be such that the tenure does not fall below 15 years
- Quick and transparent processing: Get your Home Loan much before than you expect
