Table of Content
This accompanies the marginal cost of funds-based lending rate or MCLR. Getting the Axis Bank home loan is an easy and transparent process. Some lenders, however, are wary of giving loan to the elite class who fall under the HNI category. This is because they are borrowers of higher value and the bank fears about government security and regulations.
We have a network of + branches, sales teams and processing centers across the country to cater to the housing loan requirements of individual customers. Please locate us and contact us for your home loan requirements. Obtain all the necessary documents required to transfer your home loan balance from your current lender. The lowest EMI is calculated by using home loan calculator, considering a loan amount of Rs.1 lakh for a period of 30 years with the interest rate and processing fee being 6.70% and 0.25% p.a. I came to know about that Axis bank home services is very fast hence i have applied the loan with them.
Axis Bank Home Loan Takeover Process
Your monthly EMI will reduce from Rs.40,000 to Rs.35,604. Also, alongside you can receive a top-up amount that can range up to a maximum of Rs. 50 lacs depending on your eligibility. Home loan – A home loan is a loan availed from a bank or other financial institutions in order to purchase a house, land, construct a property or simply to renovate an existing property. A lot of documentation and verification is required to avail a home loan. It also is considerably harder to get a housing loan application approved. When refinancing a home loan, one must always take into consideration the processing charges and balance transfer fees.
They have a facilities of partial payment and pre-closure. The Axis Bank home loans are available to one and all if they meet the eligibility criteria. Since there is no upper limit on the Axis Bank home loans, this means that there is no problem for the HNI individuals to get a loan from Axis Bank. This will ensure quick disbursal of Axis Bank home loan. The borrower can pay off the loan amount in advance.
Shubh Arambh Home Loans
You also have the option to transfer any existing loan balance to Axis Bank using the balance transfer with ease facility. Before applying online for any loan, unlike other loan portals or loan comparison sites, iServefinancial helps you to understand every single detail of the loan. It helps you read complete information of the product you are interested to apply and borrow. Only after you are completely satisfied with the features and benefits of the loan product you can apply online for a loan. Lowest Processing Fees -one time processing fees varies from Rs. 5000 to 0.50 percent of the loan amount plus GST.
Lowest Interest Rate -Axis Bank home loan balance transfer scheme interest rates varies from 6.80 to 6.90 percent. Just make sure the pros outweigh the cons before taking a decision. Accounting for factors such as interest rate, outstanding home loan amount, residual home loan tenure, transfer cost and service, is essential while considering a home loan amount balance transfer. Weigh the cost-to-benefit – As you may know, in addition to interest there are various cost affixed to a home loan viz.
Remote Banking
Find below the interest rates for different home loan schemes offered by Axis. The rates offered on the loan depend on whether you’re a salaried employee or self-employed individual and what type of interest rate package you have chosen. One who wants to apply for the Axis Bank housing loan has to fulfill the eligibility criteria of the bank. The applicant needs to log in to the Axis Bank website to understand if he is eligible for the housing loan. To avail the NRI home loan from Axis Bank, you need to be aware of the rate of interest that the bank charges on the home loan. The rate of interest is 8.90% to 9.05% with a mark-up percentage.
Axis Bank is the third-largest private sector bank in India offers a range of banking and financial products. They specialize in providing home loans to its clients at an attractive rate of interest. They also focus a lot on the home loan that is offered to the NRIs. No prepayment charges in case the borrower wants to prepay the home loan amount. This, however, is a facility offered to those who have opted for the floating rate of interest. The premium banking customers like the Wealth, Priority, and Burgundy are given extra benefits in the charges and rates when they take the Axis Bank home loans.
IServefinancial, offers special schemes, benefits and other advantages to its customers. Check with iServefinancial representative for the same. Step - 6Disbursement of Top-Up Loan amountIf you have applied for a top-up loan along with home loan balance transfer at Axis Bank, at this stage bank will release the top up amount to you. A borrower applying for an Axis Bank Home Loan takeover scheme must have a clear repayment track on the proposed home loan and other loans.
Explore your dream house from a bouquet of exclusive products designed for each customer segment. SBI welcomes you to explore the world of premier banking in India. Our commitment to nation-building is complete & comprehensive. SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of SBI. The new lender will then pay off the balance due to your old lender. We'll ensure you're the very first to know the moment rates change.
A home loan is money that is borrowed by an individual from a bank or a money lending institution. The borrower agrees to repay off the principal amount along with interest added in the form of an EMI that he pays each month. The money lending company will keep the property as a security and then lend the borrower the home loan. Higher Tenure -tenure up to 30 years for salaried loan applicants, subject to age eligibility. Exclusive features and benefits- to applicants applying for a home loan takeover facility with the Bank.
There is no upper limit on the borrowing capacity of the home loan borrower. All that the bank checks are the repayment capacity of the borrower. The borrower can choose the interest rate option based on what his perception about interest rates is.
I also agree to Axis Bank/ Subsidiaries/ Affiliates/ Agents contacting me for various other product updates, special offers Third Party Products or any such information from time to time. Step - 5Obtain Original Title DocumentsCollect original property/title documents from the previous lender and submit the same to Axis Bank, as promised for disbursal of Axis Bank takeover loan scheme. Variable to Fixed Interest Rate– Offers option for different types of rates based on your financial planning you can decide for the same. Read the fine print – In the addition to what appears to the naked eye, the finer details are mentioned in the terms and conditions. Thus, ensure that you read them carefully to discover any hidden cost, loan-to-value ratio, prepayment penalty, etc. The above documents need to be accompanied with the application form duly filled to new lender/bank.
No comments:
Post a Comment