Check Your savings on transferring your FD to a better interest rate
Transfer your existing mortgage loan to a better Interest rate
Transfer Your existing home loan to better interest rate
Avail your credit analysis in 3 simple steps
Download our inDhann mobile app and start using financial tools today
Latest MICR and ISFC codes and address of all bank branches in india
View Base Rate trends of all banks in india with periodic update
Get your public sector bank account balance with a missed call
Monsoon May Help You to Buy Your Home Cheaper
Quick guide to File Income Tax Return Online
Top 10 Financial management tips for start-up companies
Search for a financial item? provide you the financial dictionary
Filter, compare and view Fixed deposite rates of various banks across india
I used to have a business earlier, 1 year back i have joined...
i have business well as i work for a company. i want to go...
You can start the process of applying for a Home Loan in any of the following ways:
Among the multiple factors that AXIS Bank considers in determining Home Loan eligibility are:
Yes! You can avail of an AXIS Bank Home Loan from for any of the following:
Yes! AXIS Bank offers both Fixed and Floating rates as explained below:
Once receive a completed application form along with the necessary supporting documents two things happen:
AXIS Bank reassesses the BR and MRR from time to time after considering numerous factors including the cost of funds, cost of operations, prevailing interest rates, and provisioning requirements.
The Home Loan floating rate will change when either of one of the two rates below changes:
For Construction of a New House
For Purchase of Dream Home
For Interiors of Home
Purchase of Open Land
To Buy an Apartment
To Purchase a New Villa
Construction of Commercial Building
As per Income Tax Act 1961, under section 24, Interest on home loan to an extent of Rs. 150000 P.A is allowed as expenditure under the head “Income from House Property”.
In case home loan is take by two or more jointly then under sec 80C deduction is allowed on proportionate basis.
To increase the loan eligibility go for a joint loan. Combine your income with that your spouse or your parents.
Loans must not be taken for holidays, investing in stocks, weddings, buying expensive gadgets etc.
In case of Bad credit score take a short term loan (6 months) and repay it promptly and improve your score then.
Have the property insurance and buy loan protector life insurance for unexpected future risks.
Do not avail any short term loans like vehicle loans, Home Loans, credit cards before going for a home loan. Any additional loan taken will reduce your Home Loan eligibility.
These ratios are expressed in percentage. FOIR includes all your fixed obligations including EMIs on your existing loans. IIR indicates the percentage of monthly home loan installment of the total income. These two ratios may vary based on actual salary details, years of experience, stability of income, professional qualification, future career growth prospects etc.
Apart from the above two mentioned parameters there is one additional and most important thing the Bank looks into is Credit History. Willingness to repay can be understood from ones past credit history and banking track.
Before selecting the Bank the following are the few points to be understood. All these will help you in selecting a right home loan lender for purchasing your dream home.