Axis Bank - Empower Home Loan Interest Rates & Eligibility
10 lakhs and above only
10.95% to 11.20%
Overview
Empower home loans is for self employed professionals and businessmen who are looking for a home loan with AXIS.
Along with lending you money in times of need, the bank also offers other advantages like 3 assured rate reductions upon maintaining a good repayment track.
Key Features
axis bank offers the following interest rates under this home loan scheme:
- Under this Product, you can avail a Home loan for purchasing an under construction/ready/resale house/self-construction, plot plus construction or Home extension & improvement loans.
- The three assured rate reductions can be availed on for 24, 36 and 60 months from the date of first disbursement for the 1st, 2nd and 3rd rate reduction respectively
The minimum amount that can be borrowed is 10 lacs under this scheme.
Eligibility
- This home loan is specifically designed for self employed professionals and nonprofessionals.
- The eligibility for the loan will be decided by AXIS on the basis of credibility ,good banking record and repayment capacity.of applicant.
Processing Fees
Upto 1% of the loan amount subject to minimum of Rs. 10,000/-
Document Required
Here’s a list of self attested documents you will need to submit along with your home loan application;
Application form
- Photograph of applicant & co-applicant attached to application form
- Identity and address proof of applicant / co-applicant
- Copy of PAN card of applicant /co-applicant
- Bank statements from all current accounts (in case of sole proprietor / firm) & savings bank accounts (in case of individual) for last 6 months.
For salaried:
- Last 3 salary slips
- Latest form 16 in case of salaried customers.
For self employed:
- Business continuity proof for last 3 years and ITR/ Computation of Income/ Audited financials of applicant /co-applicant for 2 years
- Processing fee cheque
- Property documents
Note: All documents listed above are only indicative of the general list of documents requested by the bank, these may vary depending on your location and financial history. Do check with your bank while applying for the loan.
Link:
http://www.axisbank.com/personal/loans/home-loan/empower-home-loans/index.html
Axis Bank
Introduction:
Axis bank is the third largest private sector bank in India. They offer home loans, personal loans and are a large distributor of personal accounts.
They are spread across India with 2402 branches, extension counters and 12922 ATMs and also have eight international offices with branches at Singapore, Hong Kong, Dubai, Shanghai and Colombo and representative offices at Dubai and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses.
Their home Loan products include:
Happy ending home loans, Loan for self employed and Asha home loans which are affordable and a good option for the salaried and the self employed.
Their home loans are available to salaried and self-employed customers to the age of the borrower not exceeding 60 years or 65 years respectively at loan maturity.
Other requirements for eligibility will be decided by bank.
It is the largest distributer of loans and savings accounts at the same time. It is regulated by RBI and has schemes, loans and exclusive packages that cater to the housing finance needs of all classes.
Advantages of borrowing from this bank:
Private sector banks like AXIS are more efficient and competitive than public sector banks. They ensure customer satisfaction at the end of the day by providing faster and quality services at higher but reasonable rates.
They offer switching of your home loan to AXIS hassle free and at low rates.
More Schemes
Check how much you can save
