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  • 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.

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    We found 1 Axis Bank Home Loan Eligibility
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    6.90% Fixed
    0.50%(Min ₹10,000) One time fee
    Rs.5L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    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

    Axis Bank Home Loan Eligibility FAQ

    1. 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.

    2. 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
    3. What are the pre-payment charges for Axis Bank Home Loan?

      There are no pre-payment charges for Axis Bank Home Loans.

    4. 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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