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Calculating your Home Loan EMI is now easier than ever with our user-friendly and efficient Home Loan EMI Calculator. Whether you have a ₹30 lakh home loan EMI for 20 years or a ₹20 lakh home loan EMI for 10 years, use the calculator to understand your home loan interest rates and monthly instalment amount. This will ensure that you can plan your finances with confidence. At Axis Bank, we believe in empowering you with the right tools to make informed decisions about your Home Loan.
home loan interest rates with further options for you to choose between fixed or floating rates throughout the loan tenure.
You can also find out the Axis Bank home loan eligibility criteria online. for Axis Bank offers Home Loans online
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Are you ready to turn your home aspirations into reality? Whether it's a spacious apartment, a cosy villa, or your dream bungalow, Axis Bank is here to guide you every step of the way. Welcome to Axis Bank's Home Loan EMI Calculator, a trusted tool to plan and manage your dream home purchase.
With our Home Loan EMI Calculator, you can effortlessly determine the optimal loan amount and tenure that suits your budget and preferences. By adjusting the loan tenure, interest rates and principal amount, you can explore various scenarios to find the perfect fit for your financial goals. Our calculator takes into account the prevailing Home Loan interest rates, ensuring accurate calculations and reliable results, thereby helping you save on interest on your home loan repayments.
At Axis Bank, we understand that buying a home is a significant milestone in your life. We are committed to ensuring that you have a smooth and transparent experience throughout the entire process and save interest on Home Loans. Our Home Loan EMI Calculator is just one of the many resources we provide to support you on this exciting journey.
Take the first step towards your dream home today! Use our Home Loan EMI Calculator to explore your options, find out the ₹30 lakh and ₹50 lakh home loan interest rates, calculate your EMIs, and plan your financial future with confidence. We are here to assist you at every stage of your Home Loan journey, providing personalised solutions that align with your unique needs.
Experience the Axis Bank advantage and let us help you turn your dream home into a reality. Click here to begin your Home Loan journey with us today!
EMI’s or Equated Monthly instalments are a systematized and comfortable approach to repaying loans availed. The amount repayable (amount borrowed + amount payable towards interest) is divided throughout the tenor of the loan with uniform amounts payable per month.
Each such monthly amount repayable is called an EMI
To allocate amount paid towards the interest and principal, applicants are provided an amortization schedule which indicates corresponding balance amounts per year.
Though the EMIs remain largely uniform throughout the tenure of their loan, the amounts repaid are credited towards the principal and interest to be repaid. Typically the initial instalments contribute more towards the interest amount with later instalments going towards the principal.
An amortization schedule provides the break-up of these amounts repaid towards principal and interest along with their respective balances through every year of the loan.
Simply put, an amortization schedule is the road map towards the repayment of your home loan denoting the milestones and the ideal points you should be at through the cycle.
Use Axis Bank's Home Loan EMI calculator to plan the tenure and repayment structure for your loan.
Simply key in the amount, rate and tenure for which the home loan is sought, the Home Loan EMI Calculator will automatically reflect the EMIs applicable for the loan tenure.
Also, remember to refer the amortization table for a year-wise plan of repayments throughout the loan tenure.
For further details or to begin availing your loan, simply click on the "Get a call back" button and fill in your details.
The documents required for a home loan application process include the following:
For Home Loan balance transfer, i.e. takeover of the loan from another bank/financial institution, the following is required:
The minimum borrowing under the home loan is Rs 3 lakh.
Your EMI will be due on a fixed date each month. This date will be notified when your loan is disbursed.
Yes, the home loan can also be availed to construct, repair, renovation, and home extension.
Yes, there are tax benefits of availing a home loan. The principal portion of your home loan EMI is eligible for a deduction under Section 80C of the Income-tax Act, 1961, subject to a maximum limit of Rs 1.50 lakh.
If you are a “first-time home buyer”, you can even claim an additional deduction upto Rs 50,000 under Section 80EE (subject to certain conditions). This additional deduction can be availed after first exhausting the limit under Section 24(b) for the interest portion.
Section 24(b) of the Income-tax Act, 1961, allows a deduction for the interest component of the home loan EMI. For a self-occupied property, the deduction under Section 24(b) is Rs 2.00 lakh per annum.
And in case the house is let-out on rent, i.e. it is a Let-Out Property (LOP), the actual interest payable is eligible for deduction under Section 24(b), thereby not being subject to any maximum limit.
Do note, if you have taken a loan for the purpose of reconstructing, repairing or renovating the property, the amount of deduction you are eligible for under Section 24(b) will be restricted to Rs 30,000, irrespective whether you want to stay in it or let it out on rent.
Some of the key benefits of choosing an Axis Bank Home Loan are;
If you are looking at saving on the interest cost while you aspire to purchase, construct, ...