Axis Bank Home Loan Eligibility - Salary, Age & Property Rules | Minemi

Check you Home Loan Eligibility with AXIS Bank

Axis Bank offers a wide range of home loan solutions tailored to meet the needs of various borrowers. Understanding the eligibility criteria can help you secure a home loan at favorable terms.

Home Loan Eligibility Criteria

Axis Bank evaluates your eligibility based on specific factors. Below is an overview of the eligibility requirements:

AXIS Loan Eligibility Criteria
Type of LoanApplicabilityEligibility Criteria
Regular Home LoanSalaried individuals and self-employed individualsAge: 21 to 65 years; stable income; credit score of 750+
Shubh Aarambh Home LoanFirst-time borrowers for loans up to ₹30 lakhsMinimum loan tenure: 20 years; clean repayment history; salaried or self-employed individuals
Asha Home LoanAffordable housing for low-income applicantsCombined family income: ₹8,000 to ₹10,000/month; loan amount up to ₹35 lakhs
Top-Up Home LoanExisting home loan customers needing additional fundsRegular repayment history; good credit profile
Eligibility Criteria for AXIS Bank Home Loan
Axis Bank evaluates your home loan eligibility based on various factors, ensuring a straightforward and transparent process:
Employment Type:  
  • Salaried applicants must have at least two years of work experience, with six months in the current role.
  • Self-employed applicants must have a stable business with proof of income for at least three years
Credit Score:  A credit score of 750 or above is preferred for lower interest rates and higher loan amounts.
Age:  Applicants must be between 21 and 65 years of age at the time of loan maturity.
Loan Amount:  Based on the property value and repayment capacity, loans can range from ₹1 lakh to ₹5 crores.
Debt-to-Income Ratio:  A lower ratio (ideally below 40%) is required to ensure manageable EMIs
Documents Required for AXIS Bank Home Loan
Identity Proof:  Aadhaar, PAN, Voter ID, or Passport
Address Proof:  Utility bill, rent agreement, or property tax receipt
Income Proof:  
  • For salaried individuals: Salary slips for the last 3 months, Form 16, and bank statements
  • For self-employed individuals: IT returns, business proof, and bank statements for the last 6 months
Property Documents:  Sale agreement, property tax receipts, and NOC from the builder or society
Other Documents:  Passport-size photographs, processing fee cheque, and application form
How to Improve Your Eligibility for AXIS Bank Home Loan
Boost Your Credit Score:  Pay off existing debts and ensure timely repayments to maintain a score above 750.
Increase Down Payment:  A larger down payment reduces the loan amount and improves approval chances.
Reduce Existing Liabilities:  Lower your debt-to-income ratio by clearing other loans or credit card dues.
Choose Longer Tenures:  Opting for a longer tenure lowers your EMIs and enhances affordability.
Maintain Stable Employment:  A steady job or business profile builds confidence in your repayment capacity.
Frequently asked questions (FAQs) about AXIS Home Loan Eligibility:
What is the minimum income required for an Axis Bank Home Loan?
Salaried applicants should have a minimum monthly income of ₹15,000, while self-employed individuals must demonstrate sufficient business income.
Yes, you can apply jointly with co-applicants such as your spouse or immediate family members to improve eligibility.
Yes, Axis Bank finances under-construction, ready-to-move, resale properties, and self-construction projects.
Key factors include credit score, age, income stability, debt-to-income ratio, and property valuation.

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