Frequently Asked Questions for Asha Home Loan

Axis Bank is one of the preferred financial services providers in the country. Axis Bank is also one of the largest players in the Home Loan industry. Over the years we have developed a bouquet of product offerings in order to cater to the home loan requirements across all customer segments. We have our presence across the country and customers can choose from our large base of approved projects. The attractive interest rates and minimal processing fees make our home finance products a first choice. In addition, features such as flexible tenures, transparent processing and quick service have made our products stand out among the best home loans in India.

With Asha Home Loans, you can avail a Home Loan for purchasing a ready, under construction or a resale property. You can also avail a Home loan for purchasing a plot and constructing a House thereon, or get a loan for constructing a house on a plot already owned.

For loans up to Rs. 30 Lakhs – 90% of documented cost and the market value

Yes, the facility is extended under floating as well as fixed rate options.

Fixed rate loans can only be offered if loan is availed for tenure of not exceeding 20 years.

You can avail a Home loan up to:
Rs 35 lakhs for buying a property in a location with population over 10 lakhs*
Rs 25 lakhs for buying a property in a location with population up to 10 lakhs* (population as per census 2011)

Yes, we extend loans for property area starting from 300* sq. ft and 200 sq. ft for properties in NCR and MMR.

For loans up to Rs. 28 Lakhs - 90% of documented cost or Market Value (whichever is lower).

Yes. We can extend Home Loans to salaried individuals receiving their salary in cash. For more details please contact our Customer Care centre or nearest Asset Sales Centre.

Yes, we takeover loans from other Banks & FIs at attractive rate of interest. We also takeover loans based on the repayment track record of the customer with simple documentation.

Application form with a photograph of the applicant and co-applicant Identity, address, signature and age proof Copy of PAN Card or Form 60 of applicant /co-applicant 6 months bank statements Proof of income

Loan sanctioned for under construction property is disbursed in instalments. These disbursements in instalment are called as Part / Subsequent Disbursement. You will need to make a request to the Bank for the part disbursement.

You will need to submit request for part disbursement to the Bank along with following documents. Disbursal Request Form (DRF) filled and signed Demand letter from the builder (in original) Receipts of payments made to the builder/developer

The Disbursement Request Form has been sent to you along with your Welcome Kit alternately to download the form, please click here

You can submit the part disbursement requests using any of the following channel. Contact our sales representative who has been liaising with you for your loan requirements. Visit any of the Loan Center (preferably from where you have taken loan) to submit your request along with the required documents

Axis Bank's PAN is AAACU2414K and its registered office address is Axis Bank Limited, TRISHUL, Third Floor, Opp. Samartheshwar Temple, Nr. Law Garden, Ellisbridge, Ahmedabad - 380 006

Yes. Total processing fees of 1% of the outstanding principal with a minimum of Rs. 10,000 plus GST as applicable will be charged. Upfront processing fee of Rs 2500 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrawal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement.

Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you:

• Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.
• Excess amount equal to (=) EMI: If service request (SR)/instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded back to your operative account.
• Excess amount less than (<) EMI: Excess amount will be kept unappropriated in the loan account for 15 days; post 15 days the excess funds shall be adjusted towards principal outstanding as a part payment.