What are the eligibility criteria for a home loan at Axis Bank?
To be eligible for a home loan at Axis Bank Ltd., certain criteria need to be met. First, the applicant must be an Indian citizen or a non-residential Indian (NRI). Second, the applicant's age should be within the range specified by the bank, typically between 21 and 65 years. Third, the applicant's income and employment stability play a crucial role. The bank assesses the borrower's capacity to repay based on their income source, financial stability, and creditworthiness. Both salaried individuals and self-employed professionals can apply. Additionally, the property being financed should meet the bank's valuation and legal requirements. The loan amount, tenure, and interest rate are subject to the bank's discretion and the borrower's overall profile. It's advisable to contact the bank for further details and updated information on the home loan eligibility criteria.
Answered May 3, 2024
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