Axis Bank Asha Home Loan: Login, Eligibility, Calculator, Status

Apply Now

AXIS BANK ASHA HOME LOAN 

About AXIS Bank :

AXIS Bank was one of the few private banks to have begun operations in 1994, after the government of India allowed new private banks to be established . They have established 2400 branches and more than 12922 ATMs.

About Axis Bank Asha Home Loan :

Asha home loan has come in a time when the property rates are decreasing and finding an affordable home might be a possibility. Don’t we always end up questioning ourselves about the never ending cycle of rent? Asha home loans is a scheme that might be the solution to your problem as here, you can obtain a home loan with a salary as low as Rs 8,000 p.m. This scheme aims at the low income group and you can get a home loan even if you get your salary in cash. Axis Bank asha home loan offers loan amounts from Rs.1 lakh upto Rs.35 lakh at an affordable interest rate. The asha home loan can be used to purchase a :

  • Under construction properties

  • Home renovation properties

  • Purchase of plot

  • Purchase of plot plus construction

  • Construction an existing plots

Benefits of Axis Bank Asha Home Loan :

1. Loan Repayment tenure  :

AXIS Bank asha home loan provides loan repayment tenure of upto 30 years with a higher eligibility.

2. Loan amount : 

Minimum loan amount granted by Axis bank as per the Asha home loan scheme is Rs.1 lakh. But you can avail up to 90 percent of the property price for loans up to Rs.35 lakhs. 

3. Affordable Interest Rates :

The interest rate provided by AXIS Bank as per thee asha home loan scheme is starting at 10.05 percent per annum onwards.

4. Transfer your balance without stress : 

If you have already taken another house loan from another financier, you can easily consolidate it with the Asha home loan if you have a perfect repayment track record.

Fee and Charges of Axis Bank Asha Bank Home Loan :

TYPE 

CHARGES

Processing Charges or Admission Fee

1% of the loan amount, not less than Rs.10,000

Repayment Instruction/Instrument Return charges

500 per case

Cheque/Instrument Substitution charges

500 per case

CERSAI Charges

500

Charges for issuing Copy of Statement

250 per case

Charges for issuing Copy of Amortization Schedule

250 per case

Charges for issuing Copy of Interest Certificate (Provisional/Actual)

250 per case

Charges to get copy of title documents

250 per document set

Charges levied for requests for copies of documents by the client

250 per document set

EMI Late payment charges 

Rs.500 per cheque bounce / 2% p.m. on the unpaid installments 

Eligibility Criteria for Axis Bank Asha Home Loan :

ELIGIBLE

Salaried, self employed individuals, self employed professionals

MONTHLY INCOME

Rs. 8000 p.m.

AGE

Salaried employees : 21 years to 60

Self employed individuals and professionals : 21 years to 65 years

MARGIN

10% margin on loans upto Rs. 30 lakh 

Documents Required for Axis Bank Asha Home Loan :

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Compare Other Bank Home Loan Interest Rates :

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of AXIS Bank :

1. AXIS Bank Education Loan

2. AXIS Bank Holiday Loan

3. AXIS Bank Home Loan

4. AXIS Bank Personal Loan 

How to apply for Axis Bank Asha Home Loans :

There are two ways to apply for asha home loans from Axis Bank :

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of Axis bank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Asha home loan”

  • Now click on apply now and fill application form 

How to contact with AXIS Bank :

1. By customer care contact number : 18604195555 / 18605005555

2. By customer care email id : loans@axisbank.com

How to calculator EMI of Axis Bank Asha Home Loan :

The following formula is used to calculate EMI of Axis Bank Asha Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank :

BUSINESS LOAN

 

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Axis Bank Asha Home Loan Frequently Asked Questions :

1. I work at a private company and I get my salary in cash. Am I eligible to apply for an Asha home loan?

Certainly, Axis bank is liberal in its outlook and does not hesitate to extend Home Loans to salaried people who receive their payment in cash.

2. What is the minimum and maximum loan amount to get asha home loan from Axis Bank?

The minimum loan amount is Rs.1 lakh and maximum loan amount is Rs.35 lakh to get asha home loan from Axis Bank.

3. The asha home loan is basically used for which purposes?

The asha home loan is used for various purposes such as under construction properties, home renovation properties, purchase of plot, purchase of plot plus construction, construction on existing properties.

4. How much repayment tenure is provided by an asha home loan from Axis Bank?

The repayment tenure is provided by an asha home loan from Axis Bank is 1 year to 30 years. With this long repayment tenure customers will be flexible to pay their EMIs.

5. What is the maximum age of the customer to apply for an asha home loan from Axis Bank?

The maximum age of  the salaried applicant is 60 years and for self employed/ professionals the maximum age is 65 years.

6. What is the interest rate provided for an asha home loan from Axis Bank?

The interest rate provided for asha home loan from Axis bank is 10.05 percent per annum.

7. How much processing fee charged by Axis Bank asha home loan?

The processing fee charged by Axis Bank asha home loan is 1 percent of the loan amount, not less than Rs.10000. 

Last Updated on : 17/Aug/2020

Know More About

Axis Bank Asha Home Loan

You're eligible for a Axis Bank Asha Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Axis Bank Asha Home Loan Interest Rates

Updated on 25 Nov 2017

Axis Bank Asha Home Loan Details
Interest Rate (Monthly reducing balance) 10.05% - 0%
Processing Fees 1% of the loan amount, not less than Rs.10000
Loan Tenure 1 year to 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959