Axis Bank Home Loan Eligibility

Axis Bank Home Loan Eligibility Calculator is a great tool which assists you to know about your Axis Bank online Home Loan Eligibility in just a few seconds. When you are planning to buy your own house, you must check your Axis Bank Home Loan Eligibility using Axis Bank Home Loan Eligibility Calculator India to know your Axis Bank Home Loan Amount Eligibility. In order to use Axis Bank online Home Loan Eligibility Calculator, you need to enter a few details like- your current age, net adjusted income, existing liabilities and credit score. By checking your Axis Bank Home Loan Eligibility criteria using the home loan amount eligibility calculator in Axis Bank, you can make your dream of owning your own house a reality.

Axis Bank Asha Home Loan Eligibility Calculator

Based on Axis Bank Home Loan Eligibility Calculator, you get to check your Axis Bank Home Loan Eligibility criteria. Moreover, Axis Bank offers Asha Home Loan to help you with your buying your own house who have a lower salary. For that, you need to satisfy Axis Bank Asha Home Loan Eligibility where you can avail loan up to Rs. 28 lakhs at a low-interest rate of 9.75%* . You can check for Axis Bank Asha Home Loan Eligibility using Axis Bank Eligibility Calculator for Home Loan where your minimum combined income is Rs. 8000 that is applicable for both salaried and self-employed and professionals.

Which factors affect Axis Bank Home Loan Eligibility Calculator?

Home Loan Eligibility Calculator in Axis Bank helps you to know about your Axis Bank Home Loan Eligibility criteria and also the loan amount that you are eligible for. Also, with the help of Axis Bank Home Loan Eligibility Calculator, your chances of loan rejection gets narrowed down to zero. Axis Bank Home Loan funds up to 90% of the property value which is your collateral and can be repayed within 30 years of taking the loan. The interest rate charged is really attractive starting from 8.80% to 11.75%* based on your Axis Bank Home Loan Eligibility. Moreover, you can apply for the home loan with a co-applicant which will improve your Axis Bank Home Loan Eligibility criteria.

Here are some factors which affect Axis Bank Home Loan Eligibility Calculator-

Age

One of the most important factor that affects Axis Bank Home Loan Eligibility is the applicant’s age. The age limitation for Axis Home Loan Eligibility criteria range from 21 to 60 years. For a higher Axis Bank Home Loan Eligibility criteria, you must apply at a young age. As because you get a longer loan repayment tenure which will lead to higher Axis Bank Home Loan Eligibility.But at an older age, you get less time to repay the loan which will lower your Axis Bank Home Loan Eligibility.
Credit Score

Credit Score is a critical factor that affects Axis Bank Housing Loan Eligibility criteria. The credit score shows your creditworthiness and loan repaying capacity. For a better Axis Bank Housing Loan Eligibility that can lead to higher Axis Bank Home Loan Amount Eligibility, your credit score must be 750 or above.
Income

Your net monthly in come really affects Axis Bank Home Loan Eligibility based on salary. If you earn a highnet monthly income, then your Axis Bank Home Loan Eligibility will be high. But if your net monthly income is low then your Axis Bank Home Loan Eligibility will also be low.
Existing Debt

For existing debt like- EMI of other loans or credit card bills, the bank considers FOIR (Fixed Obligation to Income Ratio) where the FOIR should not cross 65% of your net income or else, Axis Bank Home Loan Eligibility criteria will be low. So, it is always advisable to clear all your ongoing debts before you go for Axis Bank Home Loan to have a higher Axis Bank Housing Loan Eligibility.
Employment

Your employment status affects your Axis Bank Home Loan Eligibility criteria in a great way. Axis Bank Home Loan Eligibility for salaried and self-employed individuals with a stable source of income issuitable for Axis Bank Home Loan Eligibility. For a salaried employee, your minimum work experience is 2 years while for self-employed individuals, you must have 5 years of business experience for Axis Bank Home Loan Eligibility criteria.
Co-applicant

For a better Axis Bank Home Loan Eligibility, you can apply online for a home loan with a co-applicant. Your spouse who have a descent income as a co-applicant can increase your Axis Bank Home Loan Eligibility.
Property Value

Axis Bank Home Loan Eligibility criteria is dependent on the valueof the property that has been kept as security. Axis Bank funds 75% to 90% of the property value that ranges between less than Rs. 30 lakhs to more than Rs. 75 lakhs which is usually known as Loan To Value Ratio or LTV. Moreover, you must produce property documents that are legally clean and validfor a better Axis Bank Home Loan Eligibility.