Axis Bank Home Loan Statement

Due Amount: The home loan statement also clearly mentions any dues if pending.

Unpaid Principal Balance: The unpaid or the remaining part of the loan amount is also specified on the home loan statement.

Payment Breakdown: Breakdown of previous payments, fee calculation, principal and interest applied, is also mentioned.

Requesting for a Home Loan Statement from Axis Bank:

You can request for your Axis Bank home loan statement in the following ways:

1. Contacting customer care and placing a request.
2. Sending an email from the registered email id to loans@axisbank.com.
3. Visiting an Axis Bank Home Loan Center.

What is Axis Bank Home Loan Statement Certificate? 

An Axis Bank Home Loan Statement Certificate is one of the most significant financial documents for borrowers who have taken a housing loan from Axis Bank. This statement gives borrowers a complete overview of everything related to their loan, such as repayment history, loan outstanding, and total interest paid.  

The Axis Bank housing loan statement is useful whether it be for tracking your loan repayments, planning future EMIs or tax claims under the Income Tax Act. Axis Bank allows borrowers to access theirs both online and offline to ensure ease and transparency of loan management. 

Why do we need an Axis Bank Home Loan Statement? 

The Axis Bank home loan statement document is very beneficial for financial planning and keeping records, and it is not just an ordinary document. A borrower should check their statement regularly for the following reasons:  

1. Monitoring the EMIs: The borrower is able to check whether their EMIs are being deducted correctly and are not charged unnecessary penalties or missing payments. 

1. Tracking Loan Transactions: The home loan statement records each debit, credit, EMI, and penalty each had in the bank, so there is complete transparency.  

1. Financial Planning: The borrower can use the outstanding principal, and the interest payment amounts that have been implied to prepare their finances and even explore paying their loan off early if they want to.  

1. Represent Future Loan Applications: The home loan statement demonstrates a repayment history, so if the borrower decides to apply for credit facilities in the future, including loans, the statement can improve the chances of getting the loan since the borrower can present repayment history. 

1. Tax Benefits: To claim a deduction under sections 24(b) and 80C of the Income Tax Act, the borrower must submit a ‘certified copy of the statement’ to prove their home loan interest and principal repayments. Without this document, the borrower cannot file their taxes properly. 

What Does the Axis Bank Home Loan Statement Include? 

When you download or request an Axis Bank Home Loan Statement Certificate, you receive a well-structured document that provides complete visibility of your housing loan account. It is not merely a record of payments but also an essential mechanism for keeping track of loan repayments, tax planning, and financial decision making. The statement usually has the following sections: 

1. Unpaid Principal Balance: The unpaid principal balance is the remaining balance of the loan you owe on your home.  

1. It lets you know how much of the loan you have remaining. 

1. It is useful if you are thinking about making prepayments, and how much you might be able to reduce your loan. 

1. It lets you compare Refinancing Options with other banks. 

1. Lenders will consider this amount when you apply for other loans because it represents existing liabilities. 

1. Tracking this balance helps you maintain control of your financial commitments and plan repayment strategies. 

2. Payment Breakdown: Your EMI is made up of two sections, repayment of the principal portion of your loan, and interest portion of your loan. The statement is useful and clear, providing each of the portions for that time period.  

1. It is helpful when you have to file your taxes, because you can deduct the principal that falls under Section 80C, and the interest that falls under Section 24(b). 

1. It provides a picture of how your EMIs change over time. As a guide, early on, most of the payment goes to interest, and as the loan gets older, most of the EMI will go to principal.  

1. Aids you in planning your pre-payments and evaluating your interest savings. 

1. This summary leads to transparency and helps borrowers fully understand how much they have effectively closed their loan. 

3. Transaction Activity: This part represents each and every transaction related to your loan account, including: 

1. Your EMI deductions. 

1. Your part-prepayments. 

1. Late payment fee or penalties. 

1. Any additional adjustments made by the bank. 

1.  After reviewing this section, the borrower can use their bank statements to cross-check and confirm accuracy and view any discrepancies. Additionally, this section helps to keep an accurate track of the transactions for auditing, tax season, or financial planning purposes. 

4. Statement Period: The statement discloses the period covering the statements, such as monthly, quarterly, half yearly or annual. 

1. Often borrowers may desire an annual statement for filing their income tax return. 

1. A quarterly or monthly statement will help keep track of any recent EMI deductions. 

1. Custom Periods will be helpful in case of refinancing, transfer of the loan to another lender and/or from one loan application to another. 

1. Having a defined statement period will also help borrowers prepare their financial documents without having all of the grumbles of information and provide only the relevant details when needed. 

How to Apply for the Home Loan Statement from Axis Bank offline? 

While online banking has certainly made nearly everything easier, some borrowers still seek or need to obtain their financial documents in hard copy form. For example, Axis Bank allows you to obtain an offline home loan statement certificate in person at a branch of Axis Bank. This offline process is useful for borrowers who require a stamped or signed certificate for official use. 

Below are a few steps to walk you through this process: 

1. Step 1: Find the nearest Axis Bank branch. There are several options on how you can find a branch near you, whether it be on the official website, or simply conduct a quick search online 

1. Step 2: Ask for the home loan statement form. Once at the bank, inform a bank representative you would like to get a home loan statement certificate.  

1. Step 3: Fill in the details. Once you have the form, make sure to fill out your loan account number, personal details, and any other details requested on the form. Make sure you do this accurately, as the process could be delayed if there are errors. 

1. Step 4: Attach the needed documents. Depending on the branch's requirement, you might need to attach ID proof, address proof, or some proof of the loan account  

1. Step 5: Review and submit the form. Before you submit, take a moment to double-check your details. Once reviewed, make sure to hand the form over to the bank, and you should subsequently receive your Axis Bank's home loan statement, likely either through your registered mailing address or handed directly over at the bank 

How to Download an Axis Bank Housing Loan Statement Online?

You can download the Axis Bank Home Loan Statement online in the following ways - Axis Bank official website, the Internet Banking portal, and the Axis Mobile App.  

A thorough step-by-step guide on each of those approaches is given below:  

1. Axis Bank Official Website  

Follow the instructions given below to download the home loan statement from the Axis Bank website: 

1. Step 1: The first step involves visiting Axis Bank's official website. Access the home page either via your computer or smartphone by using a web browser. 

1. Step 2: Locate the `Bank Smart` option. The `Bank Smart` section displays a variety of all digital services available to the Bank’s customers. 

1. Step 3: Click on ‘E-Statement’. The E-statement page will open, which allows you to access downloadable statements of your account. 

1. Step 4: Choose ‘Downloads’. Look for the `Customer Request Form` option on the next page. 

1. Step 5: Complete the steps. After completing the form with all relevant details, you may easily download a certificate of your home loan statement from Axis Bank. 
   

2. Axis Bank Internet Banking  

You can download the home loan statement using the Internet Banking facility at Axis Bank. Follow the steps listed below: 

1. Step 1: Log in to Axis Bank Internet Banking. Use your User ID and password to access the portal. 

1. Step 2: Select 'Loans'. This section will list all your loan accounts at the top of the page. 

1. Step 3: Click on the `Services` option. This will display available service options. 

1. Step 4: Click `Statement of Account`. This will generate your Axis Bank loan statement. 

1. Step 5: The statement can be downloaded to your device. The downloadable statement will be immediately saved to your device for easy access. 

3. Axis Mobile App 

The following steps can help you download the home loan statement using the Axis Mobile App: 

1. Step 1: Access the Axis Mobile App. If it is not already installed, download it from either the Google Play Store or the Apple App Store. 

1. Step 2: Use your MPIN to log in for security reasons.  

1. Step 3: Select more to view through the applications selection. 

1. Step 4: Select services from the list of digital services. 

1. Step 5: Click on loans and then statement of account to bring up the home loan statement to download on your smartphone. 

How to Request an Axis Bank Loan Statement via SMS

Axis Bank permits loans statement requests through SMS banking, which is the fastest and hassle-free option if you do not want to log-in to Internet Banking or use the mobile application. The SMS service only works if your number is registered with Axis Bank. 

Here is how to get your Axis Bank loan statement via SMS:  

1. Step 1: Open the SMS app on your registered mobile device. 

1. Step 2: Type your message as follows: 

ESTMT <Last 5 digits of loan account number>   

(Do remember to put the dates in DD-MM-YYYY format) 

1. Step 3: Send the message to either +91 8691000002 or 56161600 which are the official SMS banking numbers for Axis Bank. 

1. Step 4: After processing your message request, you will receive the loan statement details onto your registered email ID. In some cases, Axis Bank may also send a short confirmation via SMS, while the lengthy detailed loan statement is sent to your Email for security purposes. 

How to Obtain an Axis Bank Statement via WhatsApp

Axis Bank also provides a WhatsApp banking service that makes it simple to get your account or loan statement through a chat instantly. The only thing you need to keep in mind is that this service works only if you are using your registered mobile number. 

Just follow these steps to get your Axis Bank Statement via WhatsApp:  

1. Step 1: Save 7036165000 (Axis Bank official WhatsApp number) on your phone.  

1. Step 2: Open WhatsApp and send a message: “Hi”.  

1. Step 3: You will receive an automated menu with several options.  

1. Step 4: Choose the option for Account Statement or Loan Statement.  

1. Step 5: Follow the prompts, provide the necessary details, and authenticate your request, if needed.  

1. Step 6: After verification, your Statement will be sent to you in the WhatsApp chat. 

How to Check Your Axis Bank Home Loan Status

You can check your Axis Bank loan status by different ways - your convenience - depending on your preferences: 

  1. Check/Download your Loan Statement Online 

You can log into Axis Bank Internet Banking or the Axis Mobile App to check your latest loan statement. The loan statement will include details such as the unpaid principal balance, EMI history, interest charges, and balance payments. By reviewing this document, you will be able to easily check your loan status and your repayment status  

2. You can Visit the nearest Axis Bank Branch 

If you prefer offline banking, you can always visit any Axis Bank branch and request your loan statement.  A bank representative will show you what to do and provide a printed loan statement after they confirm your details. If you check your Axis Bank loan status regularly, you will know what your outstanding balance is, have knowledge of your EMI, and know where you are in repayment terms. 

Note: If you need a loan statement stamped from the bank for documentation purposes, this method is the best option for you. 

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