✔ 12 months waived off
✔ 4 EMIs waived off at the end of the 4th, 8th & 12th year
✔ Balance transfer facility
✔ Transfer an existing home loan to Axis Bank without any hassle and avail this facility
✔ PMAY Benefits
✔ Option to avail government aided interest benefit on qualifying under Pradhan Mantri Awas Yojana criteria
✔ For Home Loans Upto Rs. 30 Lakh
✔ Exclusively for Home Loans upto Rs. 30 Lakh

Shubh Aarambh Home Loan Features and Benefits

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).

Shubh Aarambh Home Loan Eligibility and Documentation

Minimum loan tenure of 20 years at the time of disbursement
Maximum loan upto Rs.30 Lacs
Clean track record during the life of the loan i.e. (a) Not more than 3 instances of any customer dues pending for 30 days and above (b) No instance of any customer dues pending for 90 days and above
Loan should be live for the minimum stipulated period of 48 months from the date of disbursement to avail waiver benefit
Salaried and Self employed customers are eligible
No penal interest / other charges to be due from borrower. The waiver to be passed on only when all additional dues are cleared

CHECK YOUR BORROWING LIMITS

Minimum Limit – Rs. 1,00,000
Maximum Limit – Rs. 30,00,000

Keep your documents ready

Document Needed	Salaried	Self Employed
Proof of identity	Valid passport/Voter’s ID/Valid Driving license with photo graph /Pan card /Aadhar card
Proof of Income	Latest 3 months salary slip / certificate for fixed salary/Latest Form 16 -and- Last 6 months bank statement/Passbook of the salary account	IT- returns for the last 2 years along with computation of income certified by CA -and- Last 6 months Bank statement for operative account both personal and business.
Proof of Residence	Latest Electricity bill/ utility bill/ piped gas bill/ telephone bill/ Passport/(Not more than 2 months old), Passport/Aadhar card/ Voter ID/ Driving License.

Shubh Aarambh Home Loan Interest Rates and Charges

For Salaried:

Sr. No	Type	Loan amount (Rs.)	MCLR + Mark Up	Effective Rate Of Interest
1	Floating Rate	Loan amount upto Rs 30 lacs	MCLR + 0.20%	8.35% p.a.
1	Floating Rate	Top Up for existing customers	Upto 30%- Same rate at which the home loan is running 30%-100%- LAP rate shall be applicable

For Self Employed:

Sr. No	Type	Loan amount (Rs.)	MCLR + Mark Up	Effective Rate Of Interest
1	Floating Rate	Loan amount upto Rs 30 lacs	MCLR + 0.25%	8.40% p.a.
1	Floating Rate	Top Up for existing customers	Upto 30%- Same rate at which the home loan is running 30%-100%- LAP rate shall be applicable
Marginal Cost Based Lending Rate - 8.15% MCLR Reset frequency for Home Loans - Half Yearly Base Rate - 9.00% Customers who have availed disbursement or received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.

Other Charges**

Description of charges	Amount (Rs.)
Processing Fee Charges	Up to 1% of the Loan amount subject to minimum of Rs.10,000/-
Penal Interest Rate	@24 % per annum, 2% per month
Switching Fees (Base Rate/BPLR to MCLR)#	When effective rate is to be kept the same - No fees When effective rate is to be revised - 0.5% on outstanding principal with minimum of Rs 10000/-
Switching Fees (Floating Rate to Fixed Rate)#	NA
Switching Fees (Fixed Rate to Floating Rate)#	NA
Switching Fees (Higher Floating Rate to Lower Floating Rate )#	NA
Switching Fees (Higher Floating Rate to Lower Floating Rate )#	0.5% on outstanding principal with minimum of `10,000/-The lower rate will be equal to the applicable carded interest rate only
Repayment Instruction/Cheque Return charges	500/- Per Instance
Cheque/Instrument Swap Charges	500/- Per Instance
Duplicate Statement Issuance Charges	250/- Per Instance
Duplicate Amortization Schedule Issuance Charges	250/- Per Instance
Duplicate Interest Certificate (Provisional/Actual) Issuance Charges	250/- Per Instance
Issuance Charges of Credit Report	50/- Per Instance
Issuance Charges for Photocopy of title documents	250/- Per document set
Charges on customer initiated requests for copies of documents	250/- Per document set
Prepayment Charges including part prepayment for floating rate loan	NIL
Prepayment Charges for fixed rate loan	2% of the principal outstanding
Equitable Mortgage Creation Charges As applicable in the	As applicable in the state
CERSAI charges	Rs 50/- For Loans up to 5 Lakhs Rs 100/- For Loans above 5 Lakhs