Loan Can be Availed For

You can apply for Axis Finance Disha Home Loans in the following ways:

1. Simply fill up your details on our (Apply Now Link) for us to get in touch with you.
2. Visit your nearest branch.
3. Call on 1800 419 0094 our toll free Customer Service Number

Our existing customer may also get in touch with their Relationship/ Portfolio Manager.

You can opt for a Axis Finance Disha home loans with Axis Finance for a variety of purposes, including:

• Purchase of Property: Ready-to-move-in, under-construction, or resale properties
• Plot + Construction: Buying a plot and constructing a home on it
• Self-Construction: Building your own home on an owned plot
• Balance Transfer (BT) + Top-Up: Transferring your existing home loan from another financial institution to Axis Finance, with an option to avail additional funds
• Home Improvement: Renovation, repair, extension, or enhancement of your existing home

In case of partially disbursed cases, the interest accrued on the partially disbursed facility is called Pre-EMI Interest.

EMI is calculated basis the loan amount, Loan tenure and the Borrowing rate.

EMI = [P x R x (1+R) ^N]/[(1+R) ^N - 1], where P is the Loan Amount ‚R is the Borrowing Rate and N is the Loan tenure. Click here to calculate your EMI.

Yes. Under the Income Tax Act, you can claim tax benefits on a home loan in the old tax regime:

• Interest on Home Loan:
  • Deduction under Section 24(b) for interest paid on a home loan.
  • For self-occupied property, the maximum deduction is ₹2,00,000 per year.
  • For let-out property, there is no upper limit on interest deduction, but the overall loss under “Income from House Property” is capped at ₹2,00,000.
• Principal Repayment:
  • Eligible under Section 80C, up to ₹1,50,000 per year

These benefits are available only under the old tax regime. The new regime does not offer these deductions.

Below are the general list of documents required

Individual

• Mandatory - PAN Card or Form 60 and
• Any one - Passport/ Voters ID/ Driving License/ Aadhar/ Nrega/ Population Register
• Latest 3 months salary slip/ salary certificate for salaried and for self-employeed Income Tax Return (ITR) for the last 2 financial years with computation of income
• Latest 6 months bank statement of salary account

We have various options available under which we can offer you loans i.e. income-based and surrogate income based loans. We have an understanding of your business/ job and can determine your loan eligibility accordingly.

• All property owners to be co-borrowers.
• For sole property owner/ applicant - One family member is preferred to be co-applicant.

Your loan is repaid through Equated Monthly Installment (EMI), which includes Principal and Interest component. EMI commences from the subsequent month of loan disbursal while Pre EMI is the simple interest, payable each month till the time your loan is fully disbursed.

EMI payments towards your loan account can be made through the following repayment instructions:

* National Automated Clearing House (NACH)

Yes, combined family income can be considered for computing loan eligibility.

Yes, if you meet the criteria defined as per Axis Finance then you may receive a higher loan amount as compared to your existing loan facility.

Yes, you can make your prepayment in either part or full. Please refer Schedule of Charges for charges on prepayment.

Axis Finance would prefer to insure the life of the borrower for his/ her security so that the loan is adequately covered for any misfortune at the borrower's end. Loan obligation gets cleared hassle-free in case of life insurance coverage is in place.

To convert your floating rate of interest to fixed rate of interest or vice versa you need to place a request with customer service team via mail on customer.service@axisfinance.in. Please note that processing the request is subject to Axis Finance internal norms.

Loan documents such as Loan Statement, Repayment Schedule and Interest Certificate can be downloaded from our self-service channel using Customer Portal and WhatsApp services post loan disbursement.

NACH is the preferred mode of payment for loan repayments. Follow the link to know about our available payment options https://www.axisfinance.in/payment-options

Floating ROI would change only when AFL revises its Reference Rate. ALF RR is subject to change basis internal and external market conditions.

Yes, a nominal processing fee is applicable. To know more about the relevant charges please refer to our schedule of charges, click here to view: https://www.axisfinance.in/policies-and-standards/schedule-of-charges

There are different types of charges applicable post loan disbursement, for detailed information please refer to our schedule of charges https://www.axisfinance.in/policies-and-standards/schedule-of-charges

Currently, we are following two EMI due dates, which can be either the 5th or 10th of every month, depending on internal assessment and customer preference.

Loan Amount sanctioned is determined as per LTV Parameters.

1. Up to 30 Lakhs --- 90% Market value of the property or Documented cost of property whichever is lower will be considered
2. >30 Lakhs<= 75 Lakhs -- 80% Market value of the property or Documented cost of property whichever is lower will be considered
3. > 75 Lakhs --75% Market value of the property or Documented cost of property whichever is lower will be considered

**Condition Apply

Axis Finance Disha Home Loan tenure ranges up to 30 years, subject to fulfilment of our Axis Finance (AFL) Internal Policy‚ Credit Criteria‚ Age of borrowers at loan maturity.

At AFL, the maximum loan amount can go up to INR 75 Lakhs, depending upon borrower repayment capacity, internal policy norms, and our existing norms are subject to change from time to time.

Eligibility of any individual is based on a lot of factors such as Credit History, Financial Capacity, Property value etc.

In case you wish to increase your EMI amount instead of increasing the tenure (due to a change in interest rate), you can simply contact customer care or write to us with your request. Rescheduling charges will apply as per our Schedule of Charges, which you can refer to at: https://www.axisfinance.in/policies-and-standards/schedule-of-charges.

You can prepay the loan on any working day subject to clearing norms. For relevant charges please refer our schedule of charges for detailed information. Follow the link https://www.axisfinance.in/policies-and-standards/schedule-of-charges.

Existing contact number & email id can be changed through Axis Finance customer portal else a written request to be submitted along with valid identity and address proof to.

customer.support@axisfinance.in

An email request from the registered email id to customer.support@axisfinance.in will be accepted for updating the address on receipt of valid address proof.

If you wish to change your bank account for making EMI Payments, a fresh E-Nach Registration would be initiated by AFL, which has to be ratified/ processed by you. One may submit the request with the necessary supporting documents for AFL to review.

Yes, you can avail Axis Finance Disha hHome Lloans for home improvement or home Extension, depending on the submission of necessary proof as requested by AFL needs to be submitted.