When you apply for an Axis Finance Home Loan there are a few steps that you need to follow:

1. Fill up an application form physically and apply for a home loan with Axis Finance
2. Submit required KYC, Financial, and Property documents
3. Axis Finance initiates the processing of the loan along with legal and technical verification
4. After checking with the documents they check the loan eligibility of the applicant. After which Axis Finance will provide a sanction letter. Typically it includes a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions
5. Finally, after submission of all the required documents and raising a home loan disbursement request, Axis Finance will start the process of issuing your home loan disbursement cheque

When you apply for an Axis Finance Home Loan there are a few documents that you need to submit. They are given below:

Axis Finance provides you with a home loan at attractive lowest interest rates and flexible loan tenure.

Once you have submitted all your documents required and loan processing is initiated by Axis Finance then, it will take upto 10-15 working days for Axis Finance to sanction a home loan.

A minimum CIBIL score of 750 is what you need to secure an Axis Finance Home Loan.

The maximum loan amount usually sanctioned by Axis Finance is Rs 10 crores. Meanwhile, the minimum loan amount is customized as per requirement of the client.

It is not compulsory to have a co-applicant while applying for an Axis Finance Home. However, if you do possess one it helps improve your loan eligibility, and show the lender your ‘Creditworthiness’ and chances to improve terms and conditions.

During your Axis Finance Home Loan tenure your rate of interest (ROI) will change regularly depending on the type of ROI you choose. For example, if you select a floating interest rate then there will be frequent changes. However, if you select a fixed interest rate then there will be no change to it.

If you possess IT returns for three financial years, then your chances of securing an Axis Finance Home Loan will improve significantly. However, you still secure an Axis Finance Home Loan despite not having IT returns for three financial years, provided you take a small loan amount and your CIBIL score is good.

After Axis Finance sends you a sanction letter it will disburse your home loan in 4-5 working days

1. Different types of Axis Finance Home Loan:

   There are three types of Axis Finance Home Loans available. They are as follows:

   1. Balance Transfer Home Loans:

      It is a flexible home loan scheme that provides a borrower with an excellent opportunity to transfer existing borrowing taken from another lender to Axis Finance. Also, it usually offers an affordable rate of interest and fast loan processing.

   2. Home Extension/Renovation Loans:

      This is a home loan package offered by Axis Finance that helps an individual borrow for purposes of renovating a home. For example, home repair or adding a floor, room, or balcony. It provides for a maximum loan amount of up to Rs 30 crores and loan repayment tenure of up to 30 years.

   3. Plot purchase Home Loans:

      Axis Finance provides this home loan scheme to individuals who want to build their ‘Dream Home’ on a plot they own. The interest rate is affordable and the processing is quick and easy.

2. Axis Finance Home Loan Features:

   • A loan tenure that is flexible of up to 30 years
   • Loan amount up to Rs 10 crore