Loan Details

Interest Rate

8.40% onwards

Processing Fee

Upto 1%

Prepayment

Charges

Nil

Tenure

Up to 30 years

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
IDFC First Bank Home Loan

a. Age- 21 to 60 (or superannuation)

b. Credit score- 730 and above

c. Employment type- Self-employed or Professionals

d. Minimum net income (monthly)- N/A

e. Work experience-N/A

➔   Duly filled in and signed Axis Bank Home Loan Application Form

➔   Proof of Identity

➔   Proof of Address

➔   Proof of Age

➔   Signature Proof

➔   Proof of income

➔   Lease Rental Discounting

➔   Loan Agreement & Annexures

➔   Sanction letter

➔   TDS challan or bank statement reflecting the same

➔   Processing fee cheque in the name of the bank

➔   National Automated Clearing House (NACH) mandate/SI form and SPDC

★   Time taken
The bank usually takes 7-10 business days to process your loan application

★   Process
The bank will ask for several documents to verify your financial background

★   Attestation
The bank may need you to submit various attested documents, the list of which would be given to you beforehand

➢    Axis Bank Home Loan (floating rate)

○   8.40% – 10%

 

➢    Axis Bank Home Loan (fixed rate)

○   12.00%