The Shubh Aarambh Home Loan is a home loan service provided by Axis Bank. If one qualifies for the PMAY, or Pradhan Mantri Awas Yojana Scheme, he or she can take advantage of the subsidised interest rates that come with the Shubh Aarambh Home Loan. The Axis Bank Shubh Aarambh home loan interest rate varies for salaried and self-employed individuals, so before availing of it, do check the rates. I know about the interest rates as one of our relatives availed of it so I can share the rates in this answer.
Get your home loan disbursed with a minimum interest rate through NoBroker
Find out what will be your EMI through the NoBroker EMI calculator
What is the rate of interest on Axis Bank’s Shubh Aarambh Home Loan?Here is a chart to help you know the rate of interest for the
Shubh Aarambh Home Loan for salaried as well as self-employed individuals-
Type |
Repo Rate + Spread |
Effective Rate of Interest |
Floating Rate- PSL Category |
Repo Rate + 4.00% to Repo Rate + 4.40% |
9.9% - 10.30% p.a. |
Floating Rate- Non PSL Category |
Repo Rate + 4.00% to Repo Rate + 4.45% |
9.9%-10.35% p.a. |
This chart must have answered what is the rate of interest in Axis Shubh Aarambh.
What are the eligibility criteria to apply for an Axis Bank Shubh Aarambh Home Loan?To apply for Axis Bank Shubh Aarambh Home Loan, the applicant must be-
Between 21 to 65 years of age
If the applicant wants to enjoy the waiver benefit, the loan must be live for 4 years
The payment record of the applicant must be clear
Both self-employed and salaried employees can apply for the loan
Management consultants, company secretaries, cost accountants and more such people can also apply for the loan
So this is the Axis Bank Shubh Aarambh home loan interest rate and eligibility criteria.
Read More:What is consolidated charges in Axis Bank?
How to check Axis bank home loan status?
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 Rate of Interest in Axis Shubh Aarambh?
Faizal9
31 Views
1
2 Year
2023-04-18T11:21:33+00:00 2023-04-25T18:42:01+00:00Comment
Share