Range of Interest Rate
14 % Onwards
Processing Fee Range
2 % Onwards
Loan Amount
Up to 10 Crore
Range of Loan Tenure
5-20 years
Key Salient Features
- Balance Transfer
- Loan Top-Up
- Lowest Interest Rates
Documentation
- KYC– Aadhar Card and PAN Cardd
- Financial– Bank statement, Salary slips, latest form 16
- Property– Allotment Letter and Registered Sale Deed
Trivia
- The total number of branches of Axis Finance in India is NA
- Average loan approval time is about 10 – 15 working days
USP’s
Doorstep Service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction Process
Fee and Charges Details
- Zero prepayment/foreclosure charges
Disclaimer
- All intellectual property including trademarks, logos belong to the owner
| Particulars | Salaried | Self-Employed |
|---|---|---|
| Age | 21 – 60 Years | 21 – 60 Years |
| Prepayment Charges/Foreclosure | Zero | Zero |
FAQs
To apply and secure an Axis Finance Mortgage Loan you need to take the following steps:
- Visit the nearest branch of Axis Bank and fill the application form completely for a mortgage loan
- Submit a few important documents. These include KYC, Financial, and Property
- This NBFC then initiates the mortgage loan process that includes legal and technical verification
- The mortgage loan eligibility is determined. Following which Axis Bank provides you with a sanction letter. It includes the following details sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions
- Finally, the documents are verified, a mortgage loan disbursement is raised, and a disbursement cheque is issued.
There are a few documents that you need to submit while applying for an Axis Finance Mortgage Loan. They are given in tabular form below
KYC Documents
KYC Documents
- The previous three months’ salary slips and
the Latest Form-16 - Latest 2 years Form 16
- IT Returns for the last three years
-
Business Profile of the Applicant
Latest 3 years ITR with Computation of Income - Balance Sheet, Profit, and Loss Account, and respective schedules
- GST Registration Certificate, GSTR-3B Returns of
latest 1 Year, and GSTR-3B Returns of latest 1 Year
Company Udhyam certificate
Property Documents
Mainly because Axis Finance provides you with a mortgage loan that has flexible tenures, and an attractive lowest minimum interest rates available.
When you submit all the required documents and verification, it will take Axis Finance about 7 – 15 working days to sanction a mortgage loan.
A minimum CIBIL score in the range of 700 or above is what you need to secure an Axis Finance Mortgage Loan.
Axis Finance provides for a mortgage loan in the range of between 1 lakh – 10 Crore
There is no need for you to have a co-applicant while applying for an Axis Finance mortgage loan . However, if you have one it does help in enhancing your loan eligibility and proving your ‘Creditworthiness’ to the lender.
The rate of interest for Axis Finance Mortgage Loan is Floating interest rate which is linked
to MCLR ( MARGINAL COST OF FUNDS BASED LENDING RATE )
Therefore it will change every time the repo rates get reused by the regulator.
When you possess IT returns of three financial years to show then, the chances of you being eligible for an Axis Bank Mortgage Loan improves significantly. However, you can secure it even if you do not have IT returns. Provided you are seeking a small mortgage loan amount and you have a good CIBIL score to prove that you are ‘Creditworthy’.
After applying and submitting all the necessary documents for Axis Finance Mortgage Loan it will take about 5 -7 Working days to get it disbursed after getting it sanctioned.
There are few important additional details of Axis Finance Mortgage Loan that you need to know. They are given below:
-
Features of Axis Finance Mortgage Loan:
A few key features of Axis Finance Mortgage is given below:
- Flexible mortgage loan tenure period
- Provision of attractive interest rates
- Offering edge loyalty points on mortgage loan
- Doorstep service
- Availability of lease rental discounting
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Mortgage loan
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5/5
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