The next step would be to get a clear idea of how much EMI you would have to pay for the loan amount and tenure of your choice. This will help you plan your finances better. BankBazaar has a free EMI calculator which you can check here: home loan emi calculator
Now it's time to get the application form and fill it up accurately and carefully. You can get the application form by visiting your nearest Axis Bank branch or you can download it directly from the website by clicking here: https://www.axisbank.com/retail/loans/home-loan/axis-bank-home-loan/downloads
After this, you will have to wait for a few days to receive intimation of loan sanction. For salaried and self-employed individuals, this may be done within 5 days.
Once you have received intimation that your loan has been sanctioned, it is time to submit your property documents.
The property documents will be reviewed by Axis Bank's technical and legal team.
If everything is in order, you will receive confirmation of approval of your home loan.
Once you receive confirmation, your loan amount will be disbursed.Axis Bank offers a whole host of benefits for prospective home owners. You can get interest rate types of your preference (fixed or floating), instant e-approvals, and a comprehensive list of the bank's approved projects which helps expedite the loan process.
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