Plan things properly with an Axis Bank Home Loan Calculator

Buying a house is like a dream come true. People sacrifice so much, work so harder in order to fulfil their wish of buying their own house. A house not only gives you shelter but also relaxation and comfort. After a long day at work you want to do nothing but relax in your house. The best part is you can hold parties and invite your friends and colleagues without even thinking about the landlord. After all it is your house and you are the proud owner of it.

In case you are living in a rented apartment, I want to ask you one question. Why pay rent when you can pay EMI to the bank for your home loan? Yes my dear friend, in today’s time a Home Loan has become the perfect option to finance a home. There are many lenders in the market who are willing to offer you a home loan. Axis Bank is offering a home loan up to Rs. 30 Lakhs to salaried employees at an interest rate of 8.35%. This is the perfect time to secure a home loan and build a home of your dreams.Today, I will be telling you about an Axis Bank Home Loan Calculator and its importance.

Now you must be thinking why I am talking about Axis Bank Home Loan Calculator. You can now plan things accordingly with the help of the same. There are two calculators through which you can know the amount you are eligible for and the EMI amount you will have to pay each month. They both are Axis Bank Home Loan Eligibility Calculator and Axis Bank Home Loan EMI Calculator. Let’s go deeper and understand them one by one.

Axis Bank Home Loan Eligibility Calculator

Now through this calculator one can check the amount he/she is eligible enough to take. This will provide him/her a clear direction and inform the person about the amount that can be secured from Axis Bank. Now you will have to enter certain details in order to get your check your eligibility. First of all you will have to enter the city in which the property is located along with the purpose of the loan. Then you will have to give the details of the builder, cost of the flat or home and your residential status. You are also required to give your date of birth, the city you live in and the type of employment.

You will have to mention whether you are a salaried employee or a self-employed person. Just in case, you are a salaried employee you will have to give details regarding your company, the date you have joined, total working experience and the monthly salary you take home. You will also have to tick whether you already have taken a loan from Axis Bank or not. Once you feed in all the details, you will get a customised quote from the bank mentioning the amount you are eligible to take from them. This will help you to have a crystal clear picture regarding the loan.

Axis Bank Home Loan EMI Calculator

This is an another Axis Bank Home Loan Calculator which has proved to very useful for the loan applicants. Many times people overlook the EMI aspect of the loan. Knowing about the EMI amount that you will have to pay to the bank is as important as knowing about the interest rate. Just in case you take up the loan but find it difficult to pay the EMI on time, you can attract penalty charges on the same. The EMI you pay to the bank can easily affect your monthly budget. Therefore it always advisable to keep a tab on the EMI. Before you take up a loan, you can easily calculate the EMI amount by using an Axis Bank Home Loan EMI Calculator.

The tool will also provide you with the information related to the total interest payable amount. You will have to simply feed in certain details in order to get the results. Just enter the desired loan amount along with the rate of interest and tenure period and see the magic. Within few seconds you will get the information displayed on your screen. The calculator has completely removed the need for manual calculation. You can now bid farewell to pen & paper and instead use this calculator.

All said and done, an Axis Bank Home Loan Calculator will help you to take a balanced and smart decision. You should use the calculator as soon as possible for a smooth and hassle free loan journey.