The eligibility criteria for Axis Bank Home Loans depend on several factors, but here's a breakdown of the key requirements:

Income and Employment:

• Minimum Salary: Axis Bank typically requires a minimum monthly salary of Rs. 21,000 for salaried individuals and Rs. 25,000 for self-employed individuals. However, this can vary depending on the loan program and location.

• Income Stability: Consistent income and a good employment track record are crucial.

Age:

• Minimum Age: Applicants must be at least 21 years old at the time of loan commencement.

• Maximum Age: This generally ranges from 60 to 70 years or superannuation, whichever is earlier, at the time of loan maturity.

Credit Score:

• Maintaining a good credit score (ideally above 750) is essential for securing favorable interest rates and terms.

Property:

• The property you wish to purchase must be located within an area serviced by Axis Bank and approved by the bank.

• Construction quality and resale value might be considered.

Additional factors:

• Debt-to-Income Ratio (DTI): Your monthly debt obligations divided by your gross monthly income should be ideally below 50%.

• Guarantor: In some cases, the bank may require a guarantor who meets specific eligibility criteria.

Specific Eligibility Details:

• Some Axis Bank Home Loan programs like Shubh Aarambh, specifically for first-time homebuyers, might have slightly different eligibility criteria.

• Always consider the purpose of your loan (purchase, construction, etc.) as it can influence eligibility.