Axis Bank Asha Home Loan – Interest Rates 2024, Eligibility
Asha Home Loans from Axis Bank, India. Apply online and get loans up to 25 lakhs. Looking for home loan but not eligible because of Low income/salary so don’t be afraid, Axis bank comes with a 30 years new home loan scheme which is know as Asha Home Loan 2024.
Features of Asha Home Loan – Axis Bank:
- Loan Tenure up to 30 years giving you a higher eligibility.
- Loan amount starting from Rs 1 lakh: Need a smaller loan for fulfilling your dream
- Loan amount up to 90% of the property value: For loans up to Rs 20 lakhs, you need to just pay 10% of the property value.
- Maximum loan amount upto 25 lakh ( Rs 15 lakh in small towns (population less than 10 lakh) )
- Both Floating & Fixed Interest Rates Available.
- Minimum combined income of Rs 8000 p.m
For Apply Asha Home Loans at Axis Bank – Click Here
Interest Rates on Axis Bank Asha Home Loans 2024
For Salaried Individuals
| Type | Effective Rate of Interest |
|---|---|
| Floating Rate | 9.9% – 12.25% p.a. |
For Self Employed Individuals
| Type | Effective Rate of Interest |
|---|---|
| Floating Rate | 10.95% – 12.70% p.a. |
The interest rate for the customer shall depend on their credit assessment and the product variant
Documents List for Asha Home Loan
| Purpose | Salaried | Self-Employed |
|---|---|---|
| Proof of identity | Passport or Voter’s ID Card or driving license or PAN Card or Photo Credit Card or employees ID Card or defence or police or government department ID Card | Passport or Voter’s ID Card or driving license or PAN Card or Photo Credit Card |
| Proof of income* | Salary Slips or Income Tax Return or any other relevant document to establish regular income as acceptable to the Bank | IT Returns, P & L accounts & B/S or any other relevant document to establish a source of regular income from business or profession as acceptable to the Bank |
| *Your good repayment track record (in case of existing loan which you wish to transfer to us) OR a good banking behaviour with your bank can also help you avail a loan from us | ||
| Proof of residence | Bank account statement or latest electricity bill or latest mobile or telephone bill or employer’s letter certifying the current mailing address or ration card | Bank account statement or latest electricity bill or latest mobile or telephone bill or ration card |
| Bank statement or Pass Book where salary or income is credited | Last 6 months | Last 6 months |
Borrowing Limit:*
Minimum Loan amount – Rs 1 lakh
Maximum Loan amount upto Rs 25 lakhs
Margin
| Sr. No | Loan amount (Rs.) | Margin |
|---|---|---|
| 1 | For Loan up to Rs. 20 Lakhs | 10% |
| 2 | For Loan above Rs. 20 Lakhs & up to Rs. 25 Lakhs | 20% |
* Terms & conditions apply
Its a Special scheme for lower income groups families with family income of Rs.8000 -10000 per month in tier -2 and tier -3 cities.
*** The rates are subject to change without prior intimation, Please visit www.axisbank.com or contact nearest Axis Bank Loan Centre to get the latest charges schedule
