Shubh Aarambh Home loan by Axis Bank can be a good option for you to consider if you are on the lookout for a home loan upto Rs. 30 lakhs. The home loan offer comes with a waiver of 12 EMIs that shall be offered on the basis of reduced tenure for the home loan.
The bank in its aim to increase its footprint in the affordable housing segment. But for the offer to be availed, the home loan borrower should not falter on repayment schedule and if this is the case then 4EMIs after 4th, 8th and 12th year shall be waived from the day of disbursement of the loan amount.
The loan under the category can be taken for under-construction, ready to move in, resale house in addition to self- construction or plot and its construction. Also, for the offer, the home loan customers of other banks can switch it to Axis Bank new scheme with no additional charges.
On the launch of the new home loan product, Rajiv Anand, Executive Director - Retail Banking, Axis Bank, said, "The government's efforts in boosting the affordable housing segment has been relentless and Axis Bank feels privileged to be a constant partner in this initiative. Through these products we aim to provide further value addition to our customers in a highly-competitive environment and at no incremental cost. This would also encourage regular repayments by the customer."