Axis Bank Fast Forward Home Loan Scheme

The Fast Forward Home Loan is a strategic financial solution for homebuyers, offering a unique feature that waives 12 EMIs on your repayment. I.e., 6 EMIs are waived after the 10th year, and another 6 on the 15th year from the day of disbursement. This ultimately allows you to expedite the repayment process while maximising savings on interest. You can also take advantage of features such as competitive interest rates, generous loan amounts, flexible repayment options, swift fund disbursement, and much more. However, it is important to note that the eligible loan amount you can apply for might be a minimum of Rs 30 lakh, along with a tenure of at least 20 years. To learn more about the Fast Forward Home Loan at Axis Bank, let's scroll down.

Axis Bank Fast Forward Home Loan – Features and Benefits

Let’s take a look at the features and benefits of a Fast Forward Home Loan:

• 12 EMIs waived off
• Zero prepayment charges
• Balance transfer facility
• Attractive interest rates
• Minimum loan amount ₹30 lakh

Axis Bank Fast Forward Home Loan Interest Rates

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

Axis Bank Fast Forward Home Loan Fees and Charges

Let’s take a look at the following fees and charges of Axis Bank Fast Forward Home Loan:

Axis Bank Fast Forward Home Loan – Eligibility Criteria

Below are the required eligibility criteria for the Fast Forward Home Loan at Axis Bank:

• You must be between 18 and 60 years old; self-employed applicants may extend up to 65 years old. 
• You must require a minimum loan amount of ₹30 lakh, with a tenure of at least 20 years.
• You must have a stable and regular source of income to cover the loan repayment. 
• You should have a good credit score and repayment history. 
• You must be an Indian citizen.

Documents Required For Axis Bank Fast Forward Home Loan

Let’s take a look at the following documents you may require to apply for the Fast Forward Home Loan Scheme:

• Proof of Identity: PAN Card (Mandatory), Aadhaar Card, Passport, or Driving License.
• Proof of Address: Electricity Bill, Gas Bill, Telephone Bill, Property Tax Receipt, or Voter ID.
• Proof of Income: Salaried applicants may submit 3 months’ salary slips, 6 months’ bank statements, and 2 years’ Form 16 (or employment continuity form). Meanwhile, self-employed applicants require their business proof, including a 2-year ITR, P&L, balance sheet signed by CA, and a 6-month bank statement for both personal and business accounts.

Other Home Loan Scheme by Axis Bank