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Saakaar Home Loan - Home Loan for Govt & Defence Employees

Owning a home is a dream for every family, with Saakaar Home Loan, you can make that dream a reality. Designed exclusively for government employees (central, state) and defence personnel, Saakaar offers affordable home loans with loan eligibility up to 75 years of age, competitive interest rates, and quick approvals. Whether you are planning to buy your first home, construct a house, or transfer your loan from a bank, Saakaar ensures a hassle-free home loan process. Our product is built on trust and transparency, giving you the confidence to invest in your future.

Features & Benefits

Extended loan eligibility

Saakaar Home Loan offers home loan eligibility up to 75 years, giving government and defence employees extended flexibility compared to standard 65 years.

Select your ideal home

Saakaar Home Loans can be used for purchase and construction of a plot/flat/ready built-up house.

Transfer loans to Axis Bank

Move your existing home loan to Axis Bank without any trouble.

Avail doorstep service

Get a home loan from the comfort of your home or office.

Pay off your home loan with ‘Nil’ prepayment charges

Close the loan early without any prepayment charges.

Benefit from quick and transparent processing

Get your home loan faster than you expect. *Terms and Conditions apply

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Eligibility Documentation

Eligibility for Saakaar Home Loan

  • Occupation: All central government employees and all defence employees. State government employees shall be considered if they fall under the 7th Pay Commission.
  • Residency: Indian residents
  • Age requirement: Age should be between 21 and 75 years.
  • Loan tenure: Maximum tenure of 30 years.
  • Loan amount: Minimum of ₹3 lakhs, with the maximum contingent on repayment capacity.

Documentation for Saakaar Home Loan

 

Submit the documents listed below and get a home loan / loan against property sanctioned in 5 days!

Mandatory documents
Application form
PAN card
Proof of identityAny one of the following
PassportAadhaar cardDriving license
Voter IDGOI issued photo IDGovt employee ID

Proof of addressAny one of the following
Aadhaar cardDriving licenseVoter ID
GOI issued photo IDGovt employee IDElectricity bill
Gas billTelephone bill
(Land line) 		Property tax receipt
Date of birth proofAny one of the following
PassportPAN cardAadhaar card with DOB
Driving licenseBirth certificateSSC marksheet
Signature proofAny one of the following
PassportPAN cardBanker's verification
Notarized affidavit with id & address proof (not applicable for financial applicant)
Proof of incomeAny one of the following
SalariedSelf employed
  • 3 months pay slip
  • 6 months pay slip/2 yrs bonus proof (in case of variable pay)
  • 6 months bank statement showing salary credits
  • 2 yrs Form 16 (or employment continuity proof)
  • 2 yrs ITR, Computation of Income, P&L, balance sheet with CA seal and sign
  • For Asha HL - 1 yr ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
  • Tax Audit Report (If Gross Turnover Exceeds ₹1 Cr or Gross Receipts Exceeds 25 Lac)
  • 6 months bank statements of personal and business accounts
  • If ITR is filed without digital sign - CPC and tax paid challan
  • Business continuity proof (3 yrs for HL / 5 yrs for LAP)
For balance transfer / takeover of loan from other bank / financial institution
  • 12 months loan account statement with latest outstanding letter
  • Existing loan details and 6 months bank statement from where EMI is deducted
For applicants who are partners in a firm / directors in a company
Partner / partnership FirmDirector of a company
  • Partnership deed, list of partners, NOC as per Axis Bank format
  • Partnership firm's audited ITR along with complete financials
  • Partnership authority letter on letterhead of the firm signed by all partners in case Firm to stand as guarantor
  • For the company - 2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
  • Tax audit report (where gross turnover exceeds ₹1 Cr or gross receipts exceeds 25 Lac)
  • Board resolution (if company is applicant) as per Axis bank format
  • Certificate of Incorporation, MOA and AOA
  • DIN of all directors, board resolution if company (as per Axis bank format)
  • Latest share holding pattern duly signed by company secretary/list of directors
Other important documents and checks
  • Completely filled and duly signed application form along with all applicants latest passport size photo
  • Aadhar card is mandatory for credit linked subsidy scheme (PMAY) applicants
  • PAN card is mandatory for all financial applicants
  • Processing fee and CERSAI cheques
  • Self-attestation of borrowers on all documents submitted

Documents to be submitted before loan disbursement

DocumentChecks & controls
Loan agreement and annexures
  • Loan agreement as per product type
  • Annexures to be duly filled, signed & stamped as per state law:
    • MII (Most Important Information) pages
    • MCLR consent letter
    • Schedule of loan agreement
    • List of documents (LOD)
    • Loan restriction letter (if any)
    • Disbursement request letter
    • For NRIs – franked GPA document
    • Indemnity for under construction cases in plot loans
    • Guarantor agreement (if applicable)
  • Any alteration/correction to be authenticated by applicants
National automated clearance house (NACH) mandate/ Standing instruction (SI) form and Security Cheques (SPDC)
  • NACH / SI mandate with a signed cancelled cheque with A/C holder's name as per bank records
  • SPDC - 3 undated security PDCs equivalent to EMI amount
    • 1 undated cheque with amount kept blank
    • 1 cheque towards PEMI amount
  • SPDC favoring "AXIS BANK LTD LOAN A/C Customer Name
Loan Cover/ Insurance Details
  • Property insurance application form (mandatory)
  • General insurance application form (if applicable)
  • Life insurance application form (if applicable)
Processing fee / Equitable mortgage cheques
  • Balance processing fee cheque (with clearance details)
  • Equitable mortgage charges / stamping charges favoring
    "AXIS BANK LTD A/C SERVICE CHARGES"
Property documentsProperty documents as per type of transaction, according to bank's policy
For balance transfer / Takeover of loan from other bank / financial institution
  • Original list of documents from previous financer
  • Latest 12 months loan A/C statement with latest outstanding letter
  • Existing loan details and 6 months bank statement from where EMI is deducted
  • Indenture of guarantee, undertaking of indemnity, forwarding letter and annexures in Axis Bank format
Own contribution receipts
  • Own contribution receipts
  • Bank statement reflecting debit of own contribution paid
Sanction letter
  • Duly accepted and signed by all applicants / power of attorney
  • All sanction conditions to be met
TDS
  • If TDS is being paid by applicant – TDS challan & bank statement reflecting debit of TDS paid
  • If TDS is not paid by applicant – undertaking cum indemnity to deduct TDS amount from disbursement
PSL documents
  • Financial documents (any of the below):
    • Audited balance sheet
    • CA certificate – original investment in plant & machinery
    • Copy of invoice (investment in plant & machinery)
  • Additional documents (any of the below):
    • Audited / Unaudited (profit & loss account)
    • GST registration certificate
  • For LAP cases – PSL annexures
Other documents (to be collected if applicable)
  • Letter from customer towards opting for EMI in case of partly disbursed case
  • Vernacular/indemnity bond dual name/dual sign affidavit
  • Credit linked subsidy scheme (PMAY) affidavit
  • Amenities agreement duly signed by 3rd party/sellers
  • End use letter for Top Up/LAP/LAP top up cases

Click below to download the list of documents mentioned above.
List of documents required for Disbursement
List of documents required for Sanction

Disclaimer: This is an indicative list only. additional documents may be asked for on a case-to-case basis.

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

20Cr

%
6.50% 12%
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.

Y
21Y57Y
Y
3Y30Y
₹
8K1Cr
₹
01Cr
%
7% 18%

Your EMI* ₹ 4,800

Apply Now

*Equated Monthly Installment'

Loan Amount

₹ 1,55,455.03

Your credit score matters

Know and improve your credit score to better plan for your future finances.

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Frequently Asked Questions

Saakaar is exclusively designed for central government employees and defence personnel. State Government employees are also eligible if they fall under the 7th Pay Commission.

Yes, Saakaar Home Loan is available only to Indian residents.

Applicants should be between 21 and 75 years of age, offering extended eligibility compared to regular home loans.

You can enjoy a maximum tenure of up to 30 years, ensuring flexibility in repayment.

The minimum loan amount is ₹3 lakhs, and the maximum depends on your repayment capacity and eligibility.

Saakaar offers extended age eligibility up to 75 years, special benefits for government and defence employees, and a longer tenure of 30 years.

Yes, you can make part pre-payments under this scheme with complete flexibility.

Saakaar Home Loans can be used for purchase and construction of a plot/flat/ready built-up house.

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