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Axis Bank Announces Affordable Home Loan With 12 EMIs Waivers
August 22, 2017
To attract new home-buyers, private sector Axis Bank has announced a new affordable home loan that will allow the borrowers the benefit of 12 EMIs being waived. However, this is contingent on the borrowers being regular with the repayments.
The benefit of EMIs wavering in the Shubh Aarambh Home, which is the name of the Axis Bank’s new home loan product, is only available for loans up to Rs. 30 lakh with tenure ranging between 20 years to 30 years. As per the structure, four EMIs will be waived at the end of 4th, 8th and 12th year from the date of loan disbursement.