Axis Bank Asha Home Loan (Affordable Segment)
Primary Lending Institution:Axis Bank Ltd.
Up to ₹35 Lakh home loan at 8.85% – 9.75% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without Gram Panchayat approval.
What is Axis Bank Asha Home Loan (Affordable Segment)?
Micro-housing credit scheme tailored for first-time home buyers in peripheral urban zones with household income starting at ₹10,000/month.
Key Benefits & Features
Accepts informal income and combined family earnings; up to 90% LTV for property up to ₹30 Lakh; 12 EMIs waiver feature available.
Property & Project Eligibility Requirements
Residential flat or constructed house in periphery of towns or municipal areas.
Borrower Eligibility Criteria
Minimum combined household monthly income of ₹10,000.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://www.axisbank.com/retail/loans/home-loan/asha-home-loan with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for Axis Bank Asha Home Loan (Affordable Segment)?
The maximum repayment tenure offered for Axis Bank Asha Home Loan (Affordable Segment) is Up to 30 years, subject to borrower's age not exceeding 65 years at loan maturity.
What are the processing charges and prepayment rules for Axis Bank Asha Home Loan (Affordable Segment)?
The processing fee is 1.00% + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for Axis Bank Asha Home Loan (Affordable Segment)?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does Axis Bank Asha Home Loan (Affordable Segment) require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without Gram Panchayat approval.