Axis Bank’s Empower Home Loan for self employed

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Axis Bank’s Empower Home Loan for self employed
Axis Bank recently has launched new home loan product called Empower Home Loan which is specially for self employed who find it difficult avail loans .

Te product is offered to resident self-employed customers (professionals & non-professionals) under ‘floating rate' option, the bank said in a press release.

The minimum loan amount availed under this scheme is Rs. 10 lakhs with maximum tenure of 15 years, subject to age of borrower not exceeding 65 years at loan maturity.

Interest rates

The interest rate is 1.00 % higher than the base rate at 11.00 % for amount upto 25 lakhs.

Features and benefits

  • Under this Product, you can avail a Home loan for purchasing an under construction/ready/resale house/self-construction, plot plus construction or Home extension & improvement loans 
  • 3 Assured rate reductions upon maintaining a good repayment track. 
  • Attractive housing finance rates: We offer attractive interest rates to make your housing loans affordable and easier on your pocket every month. >
  • Balance transfer facility: Not satisfied with your existing Home Loan provider? Transfer your Home Loan to us in a hassle-free manner. 
  • Doorstep service: You don't have to go to the bank for Home Loans; the bank will come to your doorstep. Perfect for those leading busy lives. 
  • Nil prepayment charges: You can do that at Axis Bank without worrying about prepayment charges. 
  • Quick and transparent processing

Read more about: axis bank, loan
Story first published: Saturday, April 13, 2013, 12:03 [IST]
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