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Are you working for Axis Bank or any bank? If yes, then you have a golden opportunity to own your dream home with Axis Bank Home Loan for Bank Employees. This is a unique scheme that gives you a host of benefits and features to make your home loan experience hassle-free and enjoyable. You can borrow up to Rs. 5 Crore at a competitive interest rate of 6.90% p.a. onwards, with a flexible repayment period of up to 30 years.
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Table of Content
Axis Bank Home Loan for Bank Employees – Highlights
The following table highlights some of the key features of the Axis Bank Home Loan for Bank Employees:
Feature | Description |
Loan Amount | Up to Rs. 5 Crore |
Interest Rate | 6.90% p.a. onwards |
Tenure | Up to 30 years |
Processing Fee | Nil |
Prepayment Charges | Nil |
Axis Bank Home Loan for Bank Employees – Fees and Charges
Apart from the interest rate, there are no other fees or charges applicable for Axis Bank Home Loan for Bank Employees. The bank does not levy any processing fee, documentation fee, valuation fee, legal fee, stamp duty, or prepayment charges for this scheme.
Axis Bank Home Loan for Bank Employees – Documents Required
The documents required for the Axis Bank Home Loan for Bank Employees are as follows:
- Application form with photograph
- Identity proof (PAN card, Aadhaar card, passport, etc.)
- Address proof (Aadhaar card, driving licence, voter ID, etc.)
- Income proof (salary slip, Form 16, bank statement, etc.)
- Property documents (title deed, sale agreement, NOC, etc.)
Axis Bank Home Loan for Bank Employees – Eligibility Criteria
The eligibility criteria for the Axis Bank Home Loan for Bank Employees are as follows:
- The applicant should be a permanent employee of Axis Bank or its subsidiaries
- The applicant should be above 21 years of age at the time of loan commencement and up to 60 years of age or superannuation, whichever is earlier, at the time of loan maturity
- The applicant should have a minimum net monthly income of Rs. 25,000
- The applicant should have a good credit score and repayment history
Frequently Asked Question (FAQs)
Can we avail PMAY subsidy with Axis Bank staff home loan?
Yes, you can avail PMAY subsidy with Axis Bank Employee home loan if you meet the eligibility criteria for the Pradhan Mantri Awas Yojana – Urban scheme. This scheme provides interest subsidy on home loans for the acquisition and construction of a house for the Economically Weaker Section (EWS), Lower Income Group (LIG), and Middle Income Group (MIG) categories. The subsidy amount and interest rate depend on your income group and loan amount.
Who is eligible for Axis Bank staff home loan?
The basic eligibility criteria are employees who are above 21 and below 60 years of age, have a net monthly income of Rs. 25,000 or more, and have a good credit history.
What are the benefits of an Axis Bank employee home loan?
Axis Bank employee home loan offers lower interest rates, no processing or prepayment fees, flexible repayment tenure, and doorstep service.