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Whatsoever the status you will be intimated through SMS, Email, or by registered post by the bank. If your loan is rejected you will be provided with the details of why your loan is not approved. Mixed interest rates are a combination of fixed and floating rates. At the beginning of the home loan, the borrower opts for a fixed interest rate and converts it to a floating interest rate depending on market conditions. An increase in RBI’s repo rate or key policy and market competition increases the housing loan interest rate and vice versa. The home loan rates of interest are influenced by several factors.
If you are already repaying a home loan and need funds in a hurry, take a top-up home loan.... FeaturesHome loan with overdraft facility to save total interest payable on your home loan. At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further. Axis Bank does not control such websites and bears no responsibility for them.
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Next, enter your Application ID, Date of Birth, and Captcha Code and click on the “Enquiry” button. Fill up the given boxes with the details that you provided in yourAxis Bank Personal Loan Application Form. Next, click on the ‘Explore Products’ section in the main bank page and hover the cursor to locate the ‘Track Your Application’ tab. Our main motto to provide all type of information regarding India, so every Indian and non-Indian get to know what is “India” and what is upcoming in India Now. Interest Rate– The Rate of Interest is the interest charged on borrowed loan amount and is one of the components of monthly EMI along with principal repayment.
Axis Bank offers home loans at different rates to different categories of borrowers. At present, the minimum interest rate of a home loan is 6.90% per annum. Compared to self-employed borrowers, salaried individuals get home loans in Axis Bank at lower rates. Once you have applied, the bank will verify the details, and once eligible; You can get money.
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Once you are done with all the formalities of loans and then you can check the status of the loan through any of the following methods as mentioned ahead in the article. Many banks use mobile numbers as a point of reference to track personal loan applications. This method is hassle-free and simple to use because customers do not need to remember any unique reference number. Some of the banks ask for a date of birth with the reference number. The details required for this are your name as per your account or card, email address, mobile number, and your customer ID. Write your message enquiring about your home loan application status and the customer care team will get back to you.
When you click on loans, you will be able to check the status of your outstanding loan application with the help of your reference number. However, once you have applied for a personal loan, it is equally important for you to check the status of your personal loan. There are various methods which you can implement to check the status of your personal loan.
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With the Axis Bank Application Tracker, you can track the status of the product you have applied for. Visit the enquiry desk of the Axis Bank branch and give the executive details such as your application reference number, date of birth, and registered mobile number. Once you have downloaded the application, you can see the list of products offered by the bank.
Loan Tenure– Loan tenure is the duration over which a Home Loan is repaid. In practice, a shorter tenure results in higher EMIs, but helps you save on the total interest payout of the loan. Longest loan tenure available across banks and NBFC’s in India for buying a home on a loan is around 30 years, subject to borrower’s current age and retirement age. In this formula, P refers to the principal, r is the home loan interest rate, and n refers to the loan tenure in months or the number of instalments the borrower has to pay.
Axis Bank ensures that customers will know the status of their personal loan application within 30 days from the submission of the personal loan application form and other relevant documents. Most of us always try to avoid situations where we need to borrow the needed amount from the bank but due to some situations where we need an amount to manage our life without getting in trouble. The situation could be in any form, like you need money for education, for marriage, medical emergencies, bills and payments and could be anything where you need money. Hence, we can clearly see a personal loan is a multipurpose loan. Personal loans are not secured and need to follow strict guidelines to fulfill their criteria before applying it, it could be applied online and offline.
You can also check the status of your home loan on the Axis bank mobile app. In this article we examine how applicants can check their Axis Bank home loan status. You will get an instant update of your Axis bank personal loan status online once the answers of these security questions match with the records registered with Axis Bank. But, in case of wrong or inaccurate information you will not be able to check the information that you need. In such case, you can get in touch with the customer support team to resolve the issue. You can easily track the status of your personal loan application online with the help of Axis Bank Status Trackers.
For Bank customers login in to your mobile application and check your “Personal Loan” status directly. After that, you just need to insert your Axis Bank personal loan application ID in the tool without any typing error or mistakes. Banks provide customers both methods to apply for personal loans either by online method or offline method. Bank has given you the option to check the status of the loan application online using the following online methods. Axis Bank is among the leading private lenders providing home loans at affordable interest rates. In this article, we examine how applicants can check theirAxis Bank home loan status.
We will have a look at the methods which you can use to check the status of your personal loan. Axis Bank offers Home Loans to its customers at interest rates starting as low as 6.90% per annum. A borrower can pick from a range of Axis Bank home loan schemes for a loan tenure stretching up to 30 years. In this article, we help you understand the importance of using the Axis Bank Home Loan Eligibility calculator to know how much home loan you are likely to qualify for. As evident, the entire process from home loan application to sanction is quite complex and therefore having a system in place to track its status can be helpful. It can save you a lot of time and help you plan your next steps.
Axis Bank also provides banking service through its mobile application that is available for both Android and iPhone users. If you are a customer, you can simply download this app and use it for various banking services. You may also use this application to track your loan application. Once you are done with documents submission, then the bank will process and verify the provided documents, then you can check your loan amount. At the time of application login, an up front processing fee of Rs 10,000, plus GST, is collected.
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