Axis Super Saver Home Loan
Want to save interest payments on your home loan while having the convenience of easy access to funds? With Axis Super Saver Home Loan on NoBroker, you can do so! Our portal simplifies the process of availing of a loan and helps you obtain the best rates and conditions without going through cumbersome procedures yourself. Let's explore how this home loan will help you save money and make your home easy to secure.
Axis Super Saver Home Loan: The Smart Way to Save on Interest with NoBroker
Buying your dream home is a thrilling experience, but usually comes with the burden of finding your way through the complexities of home loans. That’s where we come in at NoBroker. Being an aggregator, we make the whole process easier for you, facilitating your application for a home loan from Axis Bank hassle-free and efficiently. You don’t have to worry about contacting the bank directly—leave everything to us. Let’s discuss the advantages of the Axis Super Saver Home Loan and how you can apply for it hassle-free through NoBroker.
Overview of Axis Super Saver Home Loan
| Feature | Details |
| Loan Type | Home Loan |
| Interest Rate | Attractive floating interest rates |
| Loan Amount | Minimum: Rs. 3 Lakhs |
| Eligible Applicants | Salaried individuals, professionals, self-employed individuals |
| Loan Tenure | Flexible tenure options |
| Key Feature | Surplus funds deposited in the account reduce the principal outstanding |
| Flexibility | Withdraw surplus funds anytime |
| Documents Required | ID proof, address proof, income proof, property documents, etc. |
| Margins | 10% for loans up to Rs. 30 Lakhs, 20% for Rs. 30 Lakhs – Rs. 75 Lakhs, 25% for loans above Rs. 75 Lakhs |
How Does Axis Super Saver Home Loan Function?
Axis Super Saver Home Loan allows you to save a lot on interest payments by putting any surplus money into a dedicated Super Saver account. Here’s how it functions:
- Deposit Excess Funds: You can deposit excess money in your Super Saver account after your loan is sanctioned. This lowers your outstanding principal.
- Lower Interest: The interest is levied only on the net principal remaining (loan amount less any excess funds), which saves you money on your monthly EMIs.
- Easy Withdrawal of Funds: In case you wish to withdraw the excess funds, you can do it anytime without any inconvenience.
By applying this innovative feature, you can lower the overall interest to be paid during the loan period.
Key Advantage of Axis Super Saver Home Loan
- Save Interest:
By keeping your excess funds in the Super Saver account, you can cut down the outstanding principal and save interest charges.
- Flexibility to Withdraw Funds:
You have the freedom to withdraw your excess funds at any time, exercising total control over your money.
- Competitive Rates of Interest:
Axis Bank provides competitive floating rates of interest, making your home loan affordable over the years.
- Convenience at Your Fingertips:
With services like checkbook, ATM card internet banking, and phone banking, your loan is made more convenient to handle.
- Customizable Loan Amount:
Whether you require a loan of Rs. 3 Lakhs or more, the Axis Super Saver Home Loan offers flexibility in the amount of loan that you can avail based on your requirements.
Eligibility Criteria for Axis Super Saver Home Loan
To avail of the Axis Super Saver Home Loan at NoBroker, you must meet the following eligibility criteria:
Salaried Individuals:
- Should be between 21 years and 60 years (or superannuation age) at the time of loan maturity.
- Must be employed in a reputed organization or with the government.
Professionals:
- Doctors, engineers, architects, chartered accountants, and other professionals are eligible.
- Age should be above 21 years and below 65 years at the time of loan maturity.
Self-Employed Individuals:
- Individuals filing income tax returns can apply.
- Applicants should be between 21 years and 65 years old at the maturity of the loan.
Home Loan Borrowing Limits and Margins
- Minimum Loan Amount: Rs. 3 Lakhs.
Margins:
- Loans up to Rs. 30 Lakhs: 10% margin.
- Loans above Rs. 30 Lakhs and up to Rs. 75 Lakhs: 20% margin.
- Loans above Rs. 75 Lakhs: 25% margin.
Required Documents for Axis Super Saver Home Loan
To apply for the Axis Super Saver Home Loan via NoBroker, you would have to provide the following documents:
- Identity Proof: Aadhar card, passport, voter ID, etc.
- Address Proof: Utility bills, rent agreement, etc.
- Income Proof: Salary slips, bank statements, ITR (Income Tax Return).
- Property Documents: Title deed, sale agreement, etc.
Axis Super Saver Home Loan Interest Rates
Axis Bank provides floating rates of interest for the Super Saver Home Loan. The rates are competitive and variable depending on market situations. The precise rate is fixed when your loan is released and reviewed and modified from time to time in line with RBI guidelines.
How to Apply for Axis Super Saver Home Loan through NoBroker?
Application for the Axis Super Saver Home Loan through NoBroker is easy and convenient:
- Online Application: Go to NoBroker and submit the application form for Axis Super Saver Home Loan.
- Submit Documents: Upload the required documents for verification.
- Loan Approval: After verification, your loan will be approved by Axis Bank.
- Disbursement: The loan amount will be credited to your account and you can begin your journey as a homeowner.
NoBroker ensures you do not need to get in touch directly with the bank. We work on your behalf to provide a hassle-free experience.
Conclusion:
Axis Super Saver Home Loan is a potent financial instrument for homeowners looking to save interest without sacrificing liquidity. Its surplus deposit facility, along with flexible withdrawal, lets you enjoy lower EMIs while still keeping your money accessible. Apply via NoBroker for professional support, less documentation, and hassle-free processing, making your home purchase process easy and inexpensive. Begin saving wisely with Axis Super Saver Home Loan today!
