Axis Bank new loan plan 2014- Axis Bank new plan 30-year home loan for lower income Group

30 YEAR LOAN FOR  THE LOWER INCOME: 

Axis Bank has launched "ASHA " Home Loan a 30 year loan product for first time in the lower income segment.The risk factor is higher in this segment so that the rate of interest will be 10.75% in variable rates and 11.75%at fixed rate for the entire 30 years.

ASHA home loan will offer loans to customers even with family income from Rs.8000-10,000 per month and above.Customer can pool their family income instead of depending upon their individual income.

The product offers loans as small as Rs.1.0 lakh and up to RS.15 lakh in small town and up to Rs. 25 lakh in big town .

ASHA Home loan can be enjoyed by both salaried and self employed resident Indians.The product offer loan up to 90% of the property value.The product enables customers to purchase properties an area measuring 325 sq.ft. and above.

Loan can be taken under this scheme for new house ,resale ,ready ,under construction property .If you have a plot and you want to construct your house thereon , it also apply on that.