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Asha Home Loan
Axis Bank’s Asha Home Loan offers loan amount up to ₹35 lakhs at an affordable interest rate. What’s more, you can avail a host of benefits such as funding for up to 90% of property value, 12 EMIs waived off, longer tenures, and a customised loan based on your banking pattern. Find out more about the benefits of the Asha Home Loan below.
Features & Benefits
Affordable interest rates
Make the most of the Asha Home Loans with low interest rates starting at 10.05%.
Select your ideal home
The Asha Home Loan can be used to purchase an under construction/ready/resale home, repair/extension, self construction and plot plus construction.
Upto 90% LTV
Avail of a loan equal to 90% of the property value on Home Loans upto ₹30,00,000.
Enjoy EMIs waivers
12 EMIs waived off* at no extra cost on regular payment of EMIs. 4 EMIs waived off at the end of the 4th, 8th & 12th year.
Read MoreTransfer loans to Axis Bank
Move your existing home loan to Axis Bank with complete ease.
Enjoy longer tenure
Avail repayment tenure upto 30 years, allowing for higher eligibility.
Apply for a home loan with low combined income
Minimum combined income required ₹8,000 p.m. or ₹10,000 p.m. depending on location. Also, avail benefits under Credit Linked Subsidy Scheme.
Customised home loans
Customise your home loan as per your banking behaviour, providing better eligibility.
Home loan for small spaces
Avail home loans for properties starting at 300 (saleable) sq. ft. area.
Large database of approved projects
Choose your dream home from our wide range of approved projects across India.
Other Conditions
- Axis Bank will convey its decision within 30 working days from the date of receipt of the application, provided the application is complete in all respects, and is
Great plans start with well-calculated decision
Home Loan EMI Calculator
Calculating your Home Loan EMI is now easier than ever with our user-friendly and efficient Home Loan EMI Calculator. Whether you have a ₹30 lakh home loan EMI for 20 years or a ₹20 lakh home loan EMI for 10 years, use our Home Loan EMI calculator to effortlessly manage your repayments and make your dream home a reality.
₹
3L
5Cr
%
6.50% 11%
Y
1Y30Y
Your EMI*₹ 1,14,678
Get a call back*Equated Monthly Installment'
Note: To see amortization schedule, please click here.
Total Amount Payable
1,37,621
Home Loan Eligibility Calculator
A place to call our own is an aspiration for most of us. But owning a home requires a lot of planning, given the costs involved. However, with the right kind of financial support, buying your own home is a dream that you can fulfil easily.
Loan Amount
₹ 1,55,455.03
Enjoy EMIs waivers
12 EMIs waived off* at no extra cost on regular payment of EMIs. 4 EMIs waived off at the end of the 4th, 8th & 12th year. Repayment track record should be clean, i.e., only 3 instances where dues are pending for 30 days and above but never over 90 days during the life of the home loan. The minimum tenure at the time of disbursement should be 20 years. The home loan can also be part paid, as long as the loan tenure does not fall below 48 months (4 years).
Other Conditions
The terms and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at the bank's discretion.
*Terms and Conditions Apply
Eligibility for Asha Home Loan
Make your dream of owning a home a reality with Axis Bank’s Asha Home Loan. Find out about the eligibility criteria and documents required for Axis Bank's Asha Home Loan below.
Eligibility
Eligibility
Interest Rates for Asha Home Loan
Please click here for Interest Rates on Home Loans for interest rates on Home Loans
Please click here for further details
Important links
Access a wide range of resources and tools to simplify your Asha Home Loan journey:
Frequently Asked Questions for Asha Home Loan
An Asha Home loan is a tailor-made product specifically designed for our customers who are buying their first house. Through Asha Home Loans, it is our endeavour to fulfil the dreams of individuals like you to own a house. The product is designed to cater to even your most basic Home loan requirements whether it is property area (unit size) , loan amount or attractive rate of interest. Also, through Asha Home Loans we ensure that your monthly income or profession does not get in the way of you owning a house by offering customised loan variants based on your banking behaviour or previous repayment track.
Axis Bank is one of the preferred financial services providers in the country. Axis Bank is also one of the largest players in the Home Loan industry. Over the years we have developed a bouquet of product offerings in order to cater to the home loan requirements across all customer segments. We have our presence across the country and customers can choose from our large base of approved projects. The attractive interest rates and minimal processing fees make our home finance products a first choice. In addition, features such as flexible tenures, transparent processing and quick service have made our products stand out among the best home loans in India.
With Asha Home Loans, you can avail a Home Loan for purchasing a ready, under construction or a resale property. You can also avail a Home loan for purchasing a plot and constructing a House thereon, or get a loan for constructing a house on a plot already owned.
For loans up to ₹30 lakhs – 90% of the documented cost and the market value.
Yes, the facility is extended under floating as well as fixed rate options.
Fixed rate loans can only be offered if loan is availed for tenure of not exceeding 20 years.
You can avail a home loan up to:
₹35 lakhs for buying a property in a location with a population over 10 lakhs.*
₹25 lakhs for buying a property in a location with a population up to 10 lakhs.* (Population as per Census 2011)
Yes, we extend loans for property area starting from 300* sq. ft and 200 sq. ft for properties in NCR and MMR.
For loans up to ₹28 lakhs - 90% of documented cost or market value (whichever is lower).
Yes, We can extend Home Loans to salaried individuals receiving their salary in cash. For more details please contact our Customer Care centre or nearest Asset Sales Centre.
Yes, we takeover loans from other Banks & FIs at attractive rate of interest. We also takeover loans based on the repayment track record of the customer with simple documentation.
Application form with a photograph of the applicant and co-applicant Identity, address, signature and age proof Copy of PAN Card or Form 60 of applicant /co-applicant 6 months bank statements Proof of income
Loan sanctioned for under construction property is disbursed in instalments. These disbursements in instalment are called as Part / Subsequent Disbursement. You will need to make a request to the Bank for the part disbursement.
You will need to submit request for part disbursement to the Bank along with following documents. Disbursal Request Form (DRF) filled and signed Demand letter from the builder (in original) Receipts of payments made to the builder/developer
The Disbursement Request Form has been sent to you along with your Welcome Kit alternately to download the form, please click here
You can submit the part disbursement requests using any of the following channel. Contact our sales representative who has been liaising with you for your loan requirements. Visit any of the Loan Center (preferably from where you have taken loan) to submit your request along with the required documents
Axis Bank's PAN is AAACU2414K and its registered office address is Axis Bank Limited, TRISHUL, Third Floor, Opp. Samartheshwar Temple, Nr. Law Garden, Ellisbridge, Ahmedabad - 380 006
Yes. Total processing fees of 1% of the outstanding principal with a minimum of ₹10,000 plus GST as applicable will be charged. An upfront processing fee of ₹2500 plus GST will be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection, withdrawal of the loan application, or non-disbursement of the loan due to reasons solely attributable to the customer. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you:
- Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.
- Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account.
- Excess amount less than (<) EMI: Excess amount will be kept unappropriated in the Loan account for 15 days. Post 15 days, the excess funds shall be adjusted towards principal outstanding as a part payment.
- Excess amount equal to (=) or greater than (>) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and:
- Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank.
- Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows:
- If excess amount is up to INR 20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account.
- If excess amount is greater than INR 20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account.
- Excess amount less than (<) the foreclosure amount: In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account, then excess amount will be adjusted against the outstanding principal, leaving an amount equivalent to one EMI for forthcoming EMI presentation. However, in case you would like the entire amount to be adjusted against the outstanding principal, please place a request at Phone Banking / Loan Centre at the earliest.
Consequent to the recent announcement by the Reserve Bank of India (RBI) to reduce the repo rate by 25 basis points on 09-04-2025, we are currently reviewing our repo linked loan interest rates.
In line with the terms of the loan agreement, repo rate is adjusted once a quarter on the 25th of the last month of the calendar quarter. Accordingly, the recent repo rate change announced by RBI will take effect from 25-06-2025.
The default impact of this change will be provided to the tenure of the loan, in line with the internal policy of the Bank.Should you wish to keep your loan tenure the same and reduce your EMI instead, you may do so by placing a request,at any of the below contact points, on or after 25-06-2025.
The default impact of this change will be provided to the tenure of the loan, in line with the internal policy of the Bank.Should you wish to keep your loan tenure the same and reduce your EMI instead, you may do so by placing a request,at any of the below contact points, on or after 25-06-2025.
You also have the flexibility to choose from the following options:
- Switch Rate Type: Switch from a floating to a fixed rate or vice versa, up to three times during the loan tenure.
- Prepayment: Prepay your loan, either in part or in full, at any point during the loan tenure. Charges will apply as per the applicable Schedule of Charges.
Call us on:
- 18001035577 (Toll Free)
- 18604195555 or 18605005555 (Charges Applicable)
Online: https://axisbank.com/support">
Loan Centres: https://www.axisbank.com/Loancenter>
In line with the Terms & Conditions of the loan agreement, repo rate is adjusted once a quarter on the 25th of the last month of the calendar quarter. Accordingly, the cumulative effect of all changes to repo rate in a particular quarter will be passed on the 25th of the last month of the calendar quarter i.e., 25th Mar, 25th Jun, 25th Sep and 25th Dec.
As an example, if a rate change is announced on 09-04-2025 and another change is announced on 09-06-2025, the cumulative repo will be effective 25-06-2025.
In line with the Terms & Conditions of the loan agreement, repo rate is adjusted once a quarter on the 25th of the last month of the calendar quarter. Accordingly, the cumulative effect of all changes to repo rate in a particular quarter will be passed on the 25th of the last month of the calendar quarter i.e., 25th Mar, 25th Jun, 25th Sep and 25th Dec.
Consequent to repo rate change by Reserve Bank of India (RBI), the current repo rate is 6.00%. If your loan is sanctioned at repo rate of 6.25%, it will decrease by 25 basis points on 25th June or at the time of disbursement (whichever is later) and accordingly, the effective interest rate on your loan shall be adjusted.
If your loan is sanctioned at repo rate of 6.00%, the interest rate applicable on your loan account shall remain unchanged on 25th June.
Terms & Conditions
Maximum loan amount - Loan upto ₹35 lakhs for locations with population above 10 lakhs and property value upto ₹45 lakhs. And loan upto ₹25 lakhs for locations with population less than or equal to 10 lakhs and property value upto ₹35 lakhs.
Minimum income norm - Minimum income norm varies from ₹8,000 p.m. to ₹10,000 p.m. depending on location.
Repayment - *Repayment period for home loans shall not exceed 30 years.
Security - Equitable mortgage of the property to be financed by way of deposit of title deeds.
Disbursement - The home loan will be disbursed in full or in suitable instalments, taking into account the requirement of funds and progress of construction, as assessed by the bank directly to the seller or builder or local development authority or supplier of materials etc.
Processing charges or admission fee - Processing fee equivalent to 1% or ₹10,000/- (whichever is higher) of the loan amount (applied for) will be collected along with the application form. Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
Penalty for early closure - ‘Nil’ on floating interest rate home loans
Other Conditions
The terms and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at the bank's discretion.
*Terms and Conditions Apply
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