Although there are numerous banks that provide hassle-free and affordable home loans, purchasing a home is an investment that lasts a lifetime and necessitates extreme caution in financial calculations. I am a loyal Axis Bank customer because, the Axis Bank Empower home loan not only assisted me in managing my present, but it also planned out my future savings. They offer straightforward plans for repaying loans. Their loyalty programs are regarded as the best in the financial industry. I will tell you more about it.
Struggling to find the best home loan interest rates and offers? Check out NoBroker Home Loan services for assistanceWhat is the home loan interest rate of Axis Bank Empower?
| Loan Amount | MCLR + Mark Up | Effective Rate of Interest |
All Loan Amounts |
MCLR + 0.75% |
9.25% |
Marginal Cost Based Lending Rate (MCLR) of Empower home loan Axis Bank – 8.50%
Base Rate - 9.20%
Benefits of Axis Bank Empower Home Loan
Product for entrepreneurs: The Axis Bank Empower Home Loan is available to self-employed customers, regardless of their profession. The "floating rate" option is available for the loan. Support for this group of customers and the development of good credit habits are the goals.
Some of the loans: Customers of Tier I and Tier II cities are eligible to receive loans totalling up to Rs. 150 lakhs. 50 to 75 lakhs in Tier III cities, while Rs 50 lakhs can be borrowed from customers in other cities and villages.
Types of properties included: The client can profit from Engage Home Credit for buying an under-development property, preparing to move property, buying a resale house, home expansion and plot buy and development.
Effective Rate of Interest: Home loans from Axis Bank come with a floating interest rate. The rate of interest is 9.25 percent. Loan Term: Home loans can be taken out for as long as 20 years, but only if the borrower is at least 65 years old when the loan comes to an end.
Three rate decreases: At the time of repayment in the second, third, and fifth years following the date of the initial disbursement, customers who maintain a good repayment record are rewarded with guaranteed rate reductions.
Transfer of Balances: Any existing home loan can be easily transferred to Axis Bank.
The Floating Rate: The only option for the loan is the "Floating Rate".
There are no prepayment fees: In addition to the part prepayment, there are no prepayment fees.
Quick processing and simple documentation: The Empower loan application process is simple and quick.
Certificate from the Income Tax The bank can provide you with an income tax certificate.
I believe now you understand about Axis Bank Empower home loan.
Read More: What is the Home Loan Interest Rate of Karnataka Gramin Bank? Is Gramin Bank Nationalised Or Not?Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
What is the Home Loan Interest Rate of Axis Bank Empower?
Megha
211 Views
1
2 Year
2023-04-17T11:15:56+00:00 2023-04-17T11:18:42+00:00Comment
Share