How do I calculate my home loan EMI amount?

You can use the Home Loan EMI Calculator available on the Axis Bank website to ascertain your future EMI amount. To calculate the EMI amount, you will be required to enter certain parameters such as the loan amount, the tenure of the loan, the rate of interest, etc. Once you enter these parameters, the EMI amount will be calculated instantly.

How do I apply for an Axis Bank NRI Home Loan?

You can apply for an Axis Bank Home Loan online by visiting the bank's official website. Alternatively, you can download the application form and send it with all supporting documents to the bank's Asset Sales Centre.

What are the repayment options available for NRI home loan borrowers?

You can choose to pay through the National Automated Clearing House Mandate (NACH), Standing Instruction (SI), or PDC from your NRE/NRO account.

I do not have a PAN Card. Can I still apply for an Axis Bank NRI Home Loan?

No. PAN Card is mandatory for all home loan applicants. You will not be able to avail any loan from Axis Bank without a valid PAN Card.

How long will the bank take to sanction my home loan after I apply?

The bank usually takes 5 days to sanction home loans and loans against property if you have provided all the documents requested to process your application.

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Axis Bank NRI Home Loan Singapore

Non-Resident Indians (NRIs) living in Singapore can apply for the Axis Bank NRI Home Loan to purchase a home in India. Choose from floating and fixed interest rate packages starting from 10.50% p.a. Fixed rate loans are currently charged 12% p.a. as interest. Processing fees are up to 1% of the loan amount, out of which Rs.5,000 will have to be upfront and is not refundable.

Axis Bank NRI Home Loan Interest Rates

Description	Details
NRI Home Loan Interest Rates	PSL category: 10.50% to 10.90%Non-PL category: 10.50% to 10.95%
Loan Tenure	Up to 15 years
Loan Amount	Based on your eligibility
Processing Fees	Up to 1% of the loan amount (Min.Rs.10,000) Upfront non-refundable processing fee of Rs.5000

*Plus GST payable at application login

Additional Fees and Charges

Description of Charges	Amount
Switching Fees	Floating to Fixed- 1% of the outstanding amount (Min.Rs.10,000)Fixed to Floating- 2% of the outstanding principal balance
Cheque Return Charges	Rs.500 per cheque return
Duplicate Amortisation Schedule Issuance Charges	Rs.250 per issuance
Credit Report Issuance Charges	Rs.50 per report
Prepayment Charges	Floating rate loan- Nil Fixed rate loan- 2% of the total principal outstanding amount
CERSAI Charges	Loans up to Rs.5 lakh- Rs.50 Loans above Rs.5 lakh- Rs.100
Duplicate NOC Issuance Charges	Rs.500 per issuance + GST

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Eligibility Criteria

Residential status: Non-Resident Indians, Overseas Citizen of India (OCI), Person of Indian Origin (PIO) (excluding China, Iran, Bhutan, Nepal, Afghanistan, Pakistan, or Bangladesh citizens).
Minimum age of the applicant: The applicants should be at least 24 years of age.
Maximum age of the applicant: The maximum age limit is 60 years or retirement age (whichever is earlier).
Total work experience: Applicants should have a total of 2 years of work experience with a minimum of 6 months of overseas experience.
Minimum income: The minimum income for Gulf Cooperation Council Countries is AED5,000 per month or equivalent. For other countries (including the USA), the minimum income must be $3,000 per month or equivalent. The minimum income for Merchant Navy is $2,000 per month (for the last 9 months).

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Documents Required for the Salaried and Self-employed

Required proofs	Acceptable documents
Proof of identity (any one of the following):	Copy of Passport PAN Card Aadhaar Card Driving License Election ID Government Employee ID Card
Proof of residence (anyone of the following):	Aadhaar Card Recent electricity bill Gas bill Driving License Voter ID Government issued ID Card Property Tax Receipt Landline telephone bill
Age proof	PAN Card/Passport/Aadhaar Card/SSC Certificate/Birth Certificate
Income proof documents for salaried applicants	Copy of Passport POA details 3 months' salary slips Job contract letter/appointment letter Last 6 months domestic account statement for NRE/NRO International salary account statement (last 6 months) Overseas credit report
Income proof documents for self-employed applicants	Last 2 years ITR/Profit and Loss Statement/Computation of Income/Balance Sheet with CA signature and seal. CPC and tax paid challan required if ITR does not have a digital signature. 6 months' bank statement (personal and business accounts) 3 years of business continuity proof
Other Documents	Visa copy or OCI card Duly-filed application form with passport size photographs Cheques for Processing Fee and CERSAI Charges Self-attestation of the borrower in all loan-related documents

Features of Axis Bank Home Loan for Singapore NRIs

Interest rates starting from 10.50% p.a.
Transparent loan processing
Low processing fees
Flexible repayment tenures ranging from 1 year to 25 years
NRIs can apply for a housing loan online

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A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on Axis Bank NRI Home Loan Singapore

How do I calculate my home loan EMI amount?
You can use the Home Loan EMI Calculator available on the Axis Bank website to ascertain your future EMI amount. To calculate the EMI amount, you will be required to enter certain parameters such as the loan amount, the tenure of the loan, the rate of interest, etc. Once you enter these parameters, the EMI amount will be calculated instantly.
How do I apply for an Axis Bank NRI Home Loan?
You can apply for an Axis Bank Home Loan online by visiting the bank's official website. Alternatively, you can download the application form and send it with all supporting documents to the bank's Asset Sales Centre.
What are the repayment options available for NRI home loan borrowers?
You can choose to pay through the National Automated Clearing House Mandate (NACH), Standing Instruction (SI), or PDC from your NRE/NRO account.
I do not have a PAN Card. Can I still apply for an Axis Bank NRI Home Loan?
No. PAN Card is mandatory for all home loan applicants. You will not be able to avail any loan from Axis Bank without a valid PAN Card.
How long will the bank take to sanction my home loan after I apply?
The bank usually takes 5 days to sanction home loans and loans against property if you have provided all the documents requested to process your application.

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