Axis Bank Home Loan Eligibility Made Simple: Complete Checklist [2025]
Axis Bank makes it easy to acquire a house by offering loans starting from 6.90% per annum and a range of ₹3 lakh to ₹10 crores. First-time home buyers or those upgrading to a larger space can look forward to financing up to 90% of property value when applying for any loan amounts up to ₹30 lakh. Applicants who are between 21 to 60 years of age and have a credit score of around 750 or higher increase their chances of approval.
Axis Bank Home Loan Eligibility Made Simple: Complete Checklist [2025]
Ready to buy your first home or move into a bigger one? Axis Bank’s home loan options might be perfect for you. The bank provides home loans starting at 6.90% p.a., with amounts that range from ₹3 lakh to ₹10 crore to match your needs.
The bank finances up to 90% of the property value for loans up to ₹30 lakh, which makes buying a home more available to many. You’ll need to meet some simple requirements – your age should be between 21 to 60 years when the loan matures. A credit score of 750 or higher will help you get better interest rates.
Let’s explore what you need to qualify for an Axis Bank home loan. We’ll cover the requirements and show you ways to boost your approval chances that will help you get closer to owning your dream home.
Axis Bank Home Loan Interest Rate
| Rate of Interest | Max funding | ||
| Credit Score | ROI | Loan Amount | Funding % |
| >750 | 7.90% |
<=30 Lakh
|
90%
|
| 700 – 750 | 8.00% | ||
| <700 | 8.50% |
30<75 Lakh
|
88%
|
| NTC | 8.30% | ||
| – | – |
75 Lakh>
|
88%
|
| – | – | ||
| Apply Now | |||
Understand the Basics of Axis Bank Home Loan Eligibility
Axis Bank provides home loans that fit different financial situations and career paths. Getting to know the eligibility criteria really well helps you build a stronger application and boosts your approval chances.
Axis Bank puts home loan applicants into three main groups. Each group has its eligibility requirements:
Eligibility for Salaried Individuals
You qualify for the salaried category if you work in a government organization or well-known company. Your age should be above 21 years when you apply and below 60 years (or retirement age, whichever comes first) when the loan ends. The bank can give you a loan up to 60 times your net monthly salary. For instance, a ₹50,000 monthly salary could get you up to ₹30 lakh.
Eligibility for Professionals
The bank has special criteria for professionals like doctors, engineers, dentists, architects, chartered accountants, company secretaries, cost accountants, and management consultants. You need to be over 21 years old when you apply and under 65 years when the loan ends. Professionals often get special loan terms because of their stable careers.
Eligibility for Self-Employed Individuals
Self-employed people who file ITR can apply for an Axis Bank Home Loan. The age rules are the same as professionals – above 21 years when you apply and below 65 years when the loan ends. The bank looks closely at how stable your business is and how regular your income has been.
Income Requirements
The bank needs a combined family income of at least ₹8,000 per month for all applicants, but this might change based on where you live. The Asha Home Loan scheme also needs a minimum combined income of ₹8,000 monthly.
Loan Amount Limitations
Loans start at ₹3 lakh minimum. The bank also has different margin requirements based on how much you borrow:
- 10% margin for loans up to ₹30 lakh
- 20% margin for loans between ₹30 lakh and ₹75 lakh
- 25% margin for loans above ₹75 lakh
Your home loan eligibility depends on your credit score, current debts, payment history, and how much you can repay. A strong financial profile improves your chances of getting a loan by a lot.
Key Factors That Influence Your Eligibility
Your Axis Bank home loan eligibility depends on several key factors. Knowing these elements helps you prepare better and boosts your chances of getting your loan approved.
Credit Score and History
The credit score plays a vital role when banks review your home loan eligibility. Axis Bank looks for a CIBIL score of at least 750 for the best results. You can still qualify with a score between 650-750, but anything above 750 is excellent and helps you get better home loan deals. Your credit score also affects the interest rate you’re offered. A good score not only makes approval more likely but also helps you get better interest terms. People with high scores might even qualify to borrow more than they first asked for.
Income and Employment Stability
The stability of your job affects your Axis Bank housing loan eligibility by a lot. If you’re hired, staying with your employer for 2-3 years makes your application stronger. Self-employed people usually pay higher interest rates than those with salaries because their business cash flows can change. Your income shows how well you can handle monthly payments without cutting into basic needs. Banks review how much of your monthly income you can put toward loan payments.
Debt-to-Income Ratio
This ratio Indicates how much your monthly debts counter your monthly income. Banks usually approve loans when all EMI payments including the new home loan stay below 50% of the monthly income. A low debt-to-income ratio helps in Axis Bank mortgage loan eligibility. Counteracting other EMI payments screws up your chances, so pay off existing debts before you apply.
Loan-to-Value (LTV) Ratio
| Loan Amount | Maximum LTV Ratio |
| Up to ₹30 lakh | 90% |
| ₹30 lakh to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
The LTV defines the amount of money the property value Axis Bank will finance. It also means that the higher the LTV ratio, the lower the upfront cash you need, unfortunately, you may have to pay higher interest rates. A lower LTV also helps you in negotiating better loan terms which are lower interest rates and EMIs.
Step-by-Step Checklist to Improve Your Eligibility
Maximize your axis bank home loan eligibility through proper planning and preparation. This checklist aims to improve the chances of loan approval for better terms. Most of these should be completed six months before applying in order to start seeing tangible improvement.
Boost Your Credit Score
A strong CIBIL score plays a vital role in your Axis Bank home loan eligibility. You should target a score of at least 750 to increase your chances. A single EMI bounce in the past year can hurt your application, so pay all debts on time. Regular checks of your credit report will help you spot and fix any errors that might hurt your score. Your credit card usage should stay under 30% to show you manage your credit well.
Think About a Joint Home Loan Application
Your Axis Bank housing loan eligibility gets better when you add a co-applicant who has a stable income and a good credit history. Axis Bank looks at all applicants’ combined incomes to calculate the eligible loan amount. Your spouse, parents, or children make great co-applicants. This way, you can qualify for a bigger loan amount and might get better interest rates.
| Individual Application | Joint Application |
| Single income considered | Combined incomes assessed |
| Limited loan amount | Higher loan eligibility |
| Full repayment responsibility | Shared repayment burden |
| Single tax benefit claimant | Multiple tax benefit claimants |
Optimize Your Down Payment
A bigger down payment helps your Axis Bank mortgage loan eligibility in several ways. Banks like it when you have a lower loan-to-value ratio. You’ll need a 20% down payment for properties above ₹30 lakh, as banks can lend up to 80% of the cost. Better interest rates might be possible if you put down more money upfront.
Manage Existing Debts
Your Axis Bank home loan eligibility based on salary gets stronger when you clear your outstanding loans first. Your repayment capacity drops with existing EMIs. Lenders want to see that your total EMI obligations stay under 50% of your monthly income. Clear your debts first to build a stronger application.
Conclusion
Your chances of securing your dream home improve when you know Axis Bank home loan eligibility requirements well. You need to keep your credit score above 750, handle your existing debts wisely, and earn at least ₹8,000 monthly.
A few smart moves can boost your approval odds substantially. Adding a co-applicant could increase your eligible loan amount. You might want to save more for your down payment or clear existing debts before you apply. These steps help you qualify for better interest rates that start from 6.90% p.a.
If you are well aware of Axis Bank home loan eligibility criteria, the chances of bagging your dream house are brightened. Your credit score must remain above 750, you must manage any existing debts confidently, and your monthly salary should be around ₹8,000.
Certain smart moves can greatly enhance your approval chances. A co-applicant can help you qualify for a bigger loan amount. You might want to save more for your down payment or pay off any existing debts before application. The interest rates here can get you better deals that start from 6.90% p.a.
Each applicant category – salaried professionals, self-employed individuals, and specialized professionals – comes with its advantages under Axis Bank’s home loan schemes. Your property’s value, whether ₹30 lakh or above ₹75 lakh, affects your options. Knowledge of these category-specific benefits helps you choose better.
Start your journey toward homeownership now. You can check your home loan eligibility on Axis Bank’s official website. Your nearest branch offers tailored guidance too. A clear understanding of eligibility criteria and careful financial planning brings you closer to getting ideal home loan terms.
