Axis Bank Shubh Aarambh Home Loan Interest Rates 2024, Eligibility
Axis Bank Shubh Aarambh Home Loan – Interest Rates, Documents, Eligibility, Special Features of EMI Waiver Scheme, Fees & Charges, Loan amount & Maximum tenure period information.
| Features | 12 EMIs off on regular payments of EMIs. 4 EMIs each waived at the end of 4th, 8th and 12th year. |
| Prepayment charges | NIL |
| Loan Amount | Upto 30 Lakh |
| Maximum Tenure | 30 Years |
Axis Bank’s Shubh Aarambh Home Loan service provides quick and easy loan disbursals with minimum documentation. With the Shubh Aarambh Home Loan, you can take advantage of interest subsidy on qualifying under Pradhan Mantri Awas Yojana Scheme. What’s more, up on maintaining a clean track record, you can be rewarded with 12 EMI waivers. Calculate your EMI and complete the 3 step online application process to get started. This home loan scheme comes with some special features:
- 12 EMIs waived off*
- Home Loan Balance Transfer facility available
- Home loan amount of upto 30 Lakh
EMI Waivers
- 12 EMIs waived Off* at no extra cost on regular payment of EMIs. 4 EMIs waived off at the end of the 4th, 8th, 12th year.
Axis Bank Shubh Aarambh Home Loan Interest Rates
For Salaried Individuals
| Type | Repo Rate + Spread | Effective Rate of Interest |
|---|---|---|
| Floating Rate | Repo Rate + 2.50% to Repo Rate + 2.90% | 8.75% – 9.15% p.a. |
| Fixed Rate | All Loan Amounts | 14% p.a. |
For Self Employed Individuals
| Type | Repo Rate + Spread | Effective Rate of Interest |
|---|---|---|
| Floating Rate | Repo Rate + 2.60% to Repo Rate + 2.90% | 8.85% – 9.15% p.a. |
| Fixed Rate | All Loan Amounts | 14% p.a. |
Eligibility for Shubh Aarambh Home Loan
The Shubh Aarambh Home Loan calculator will help you calculate the savings you will make with 12 EMIs off. With this Home Loan you can purchase the home of your choice – whether it is under construction, a ready home, a resale home, a self-construction, a plot plus construction or a home extension. Provided below are the terms & conditions as well as the eligibility criteria for the Shubh Aaramb Home Loan.
- Minimum home loan tenure of 20 years at the time of disbursement
- Maximum home loan upto Rs. 30 Lakhs
- Clean track record during the life of the home loan i.e.
- Not more than 3 instances of any customer dues pending for 30 days and above
- No instance of any customer dues pending for 90 days and above
- The Home Loan should be live for the minimum stipulated period of 48 months from the date of disbursement to avail waiver benefit
- Salaried and self-employed customers are eligible for the Shubh Aarambh Home Loan
- No penal interest/other charges to be due from borrower. The waiver to be passed on only when all additional dues are cleared
Borrowing limits
- Minimum Limit – Rs. 1,00,000
- Maximum Limit – Rs. 30,00,000
Documents required for Axis Bank Shubh Aarambh Home Loan
Axis Bank Home Loans offer a host of benefits to help you fulfil your dream of owning a home. Find out about the eligibility criteria for the Axis Bank Home Loan below:
Salaried individuals eligible for home loan
- Individuals in permanent service in the Government or reputed companies fall under the home loan eligibility criteria.
- Applicants should be above 21 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity. You can check the amount you need to pay as EMI with the Home Loan EMI Calculator.
Professionals eligible for home loan
- Professionals (i.e., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) meet the Axis Bank Home Loan eligibility criteria.
- Applicants above 21 years of age at the time of home loan commencement and up to 65 years or less at the time of home loan maturity meet our home loan eligibility criteria.
Self-employed individuals eligible for home loan
Any individual filing income tax returns can apply
Applicants should be above 21 years of age at the time of the commencement of the home loan and up to 65 years or less at the time of maturity of the home loan
Determine your loan eligibility using Deal4loans Home Loan Eligibility Calculator here
Here Check All Home Loan Documents for Axis Bank
