Axis Bank Asha Home Loan Scheme

Axis Bank Asha Home Loan is a scheme designed for low-income customers who want to purchase or build a house. The maximum loan amount available through the Axis Bank Asha Home Loan Scheme is Rs. 35 lakh, and the interest rate starts from 8.70% per annum. Eligible candidates can secure the funds to purchase an under-construction, ready, resale, or self-constructed property. The bank also permits borrowers to use the funds for extending or renovating their existing homes, making it a more versatile financing option. Moreover, applicants can benefit from moderate eligibility criteria, minimal documentation, a hassle-free application process, and quick fund disbursement. Find out more about this affordable home loan below.

Axis Bank Asha Home Loan – Features and Benefits

Following are the features and benefits of the Axis Bank Asha Home Loan Scheme:

• Affordable interest rate
• Get 12 EMIs waived off
• Avail up to 90% of the property value
• Available loan amounts start from ₹1 lakh.
• Moderate eligibility criteria
• Personalised loan solutions 

Interest Rates For Axis Bank Asha Home Loan

Following are the interest rates and other key factors you should be aware of before initiating your loan application:

Axis Bank Asha Home Loan Fees and Charges

Following are the expected fees and charges of Axis Bank Asha Home Loan Scheme:

Axis Bank Asha Home Loan – Eligibility Criteria

Following are the required eligibility criteria for the Axis Bank Asha Home Loan Scheme:

• You must be between 18 and 60 years old; self-employed applicants can extend up to 65 years old.
• You must have a minimum salary/income of ₹8,000 per month.
• You must have a good credit score and repayment history.
• You must be an Indian citizen. 

Documents Required For Axis Bank Asha Home Loan

The following are the documents required to apply for an Axis Bank Asha Home Loan Scheme:

• Proof of Identity: PAN Card (Mandatory), Aadhaar Card, Passport, or Driving License.
• Proof of Address: Electricity Bill, Gas Bill, Property Tax Receipt, or Voter ID.
• Proof of Income: Salaried applicants require 3 months’ salary slips, 6 months’ bank statements, and 2 years’ Form 16 (or employment continuity form). Self-employed applicants must submit their business proof, such as 1-year ITR, P&L, income computation, and balance sheet with a CA seal and sign.