Axis Bank Shubh Aarambh Home Loan

30 years
of Maximum Tenure

Up to Rs. 30 lakhs
of Loan Amount

12 EMIs waived off*

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->12 EMI waived off:

  •  Individuals can receive a total of 12 EMI waivers at no additional cost. 4 EMIs are waived after completing 4,  8, and 12 years.

  • Clean repayment record where dues are not pending over maximum of 90 days.

  • Maximum loan tenure should be-20 years.

->The Pradhan Mantri Awas Yojana Scheme provides subsidised interest rates to participants.

->Home Loans Upto Rs. 30 Lakh.

->Balance Transfer Facility

->Interest Rates:

  • For Loan < Rs.75 Lakhs                      Mean Interest Rate : 9.27% 

  • For Loan Rs.75 Lakhs to  Rs..1 Cr.   Mean Interest Rate :  8.86% 

  • For Loan >=  Rs.1 Cr                             Mean Interest Rate : 8.86% 


The verdict

    With EMI benefits , interest rate benefits under Pradhan Mantri Awas Yojana Scheme and Up to 30 years of tenure Axis Bank Shubh Aarambh Home Loan is all you need but the required documents are too many and interest rates compared to some public sector banks are bit high.

Rating

4.0

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