₹5 Lakh Home Loan

To apply for Axis Bank Online Home Loan

• Check your eligibility criteria before applying for the Home Loan
• Use the Home Loan Eligibility Calculator to know if you can afford the Home Loan
• Visit the Axis Bank Home Loan page and click the "Apply Now'' button
• Fill in your details and click on Submit (confirm whether you are an existing customer or a new customer, provide name, mobile number, email ID, city and state)
• Wait for a call from the Axis Bank representative to explain details of the product
• Submit all documents
• Once sanctioned, submit the property documents for verification
• Get approval in 15 days, subject to availability of all required documents

• You have to be a salaried employee (permanent government employee or working in a reputed private company). You should be above 21 years of age when applying for the loan and 60 years or at the age of superannuation at the time of the loan maturity.
• Professionals (i.e. doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries and management consultants) or self-employed individuals who fall in the income-tax bracket, are also eligible for a Home Loan of Rs 5 lakh. But in this case the age limit is 21 years at the time of applying for the loan and 65 years at the time of the loan maturity.
• The bank will also consider your annual income, number of dependents, employment status, existing assets, ongoing loan repayments, and credit score when considering your application for a Home Loan for ₹5 lakh. Essentially the bank will check if you can afford to repay the ₹5 lakh Home Loan EMI and whether the EMIs on all your loans together exceed 40% of your take home pay.