Apply Asha Home Loan online in Axis Bank

✔ Minimum Income Requirements
✔ Avail of loans with a combined monthly income of Rs. 8,000/Rs. 10,000
✔ 85% Property Value Loan
✔ For loans upto Rs. 28,00,000
✔ Minimum - Rs. 1,00,000
✔ Maximum - Rs. 28,00,000
✔ Floating Rate Loan: Nil
✔ Fixed Rate Loan: 2% of outstanding principal/amount prepaid

Asha Home Loan Features and Benefits

• Starting as low as 9.75%
• Home loans can be used to purchase an under construction/ready/resale house, repair/extension, self construction and plot plus construction.
• On loans upto Rs. 28,00,000, avail of a loan equal to 85% of the property value
• 12 EMIs waived off* at no extra cost on regular payment of EMIs. 4 EMIs waived off at the end of the 4th, 8th & 12th year. Repayment track record should be clean, i.e., only 3 instances where dues are pending for 30 days and above but never over 90 days during the life of the loan. The minimum tenure at the time of disbursement should be 20 years. Loan can also be part paid, as long as the loan tenure does not fall below 48 months (4 years).
• Move existing home loans to Axis Bank without any trouble with a good repayment track record
• Upto 30 years, allowing for higher eligibility
• At least Rs. 8,000 p.m. or Rs. 10,000 p.m. depending on location
• Based on banking behaviour, providing better eligibility
• Properties starting from 300 (saleable) sq. ft. area
• Choose from our large base of approved projects across India

Terms and conditions

• Loans upto Rs. 28 lakhs for locations with population above 10 lakhs and loans upto Rs. 20 lakhs for locations with population upto Rs. 10 lakhs
• Minimum income norm varies from Rs. 8,000 p.m. to Rs. 10,000 p.m. depending on location
• *Repayment period for Home Loans shall not exceed 30 years
• Equitable mortgage of the property to be financed by way of deposit of title deeds
• The loan will be disbursed in full or in suitable instalments, taking into account the requirement of funds and progress of construction, as assessed by the Bank directly to seller or builder or local development authority or supplier of materials etc.
• Processing fee equivalent to 1% or Rs 10000/- (whichever is higher) of the loan amount (applied for) will be collected along with the application form (Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable))
• Nil on floating interest rate Home Loans
• Axis Bank will convey its decision within 30 working days from the date of receipt of the application, provided the application is complete in all respects, and is submitted along with all the documents as per 'check list' provided in the application for loan and/or any additional documents as may be required by the bank for proper appraisal of the application. The computation of 30 days shall starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank

Asha Home Loan Eligibility and Documentation

Individuals with a combined income of Rs. 8,000 or above.Minimum combined income of Rs.8, 000pm. Salaried, Professionals & self employed individuals.

Borrowing Limits

• 15% margin on loans up to Rs.30 lakh

Keep your documents ready

Asha Home Loan Interest Rates and Charges

Other Charges**

# For Partly Disbursed cases, charges would be calculated on total outstanding principal + undisbursed portion of sanctioned amount.

** Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).