FAQ for Axis Bank Home Loan EMI Calculator 2026 - Axis Housing Loan Returns

Question 1

What is Axis Bank's Shubh Arambh home loan?

Accepted Answer

Axis Bank's Shubh Arambh home loan offers EMI waivers (at the end of 4th, 8th, and 12th year) provided you maintain a clean repayment record and the loan tenure is at least 20 years.

Question 2

How does partial prepayment affect my Home Loan?

Accepted Answer

When you make a lump sum prepayment (e.g., ₹2 Lakhs from an annual bonus), 100% of that money goes directly toward reducing your principal outstanding. The bank gives you a choice: you can either keep your EMI the same and drastically shorten your loan tenure, or keep the tenure the same and reduce your monthly EMI. Financially, shortening the tenure saves you the most money.

Question 3

Is there a penalty for prepaying a Home Loan?

Accepted Answer

By RBI mandate, if you took a Home Loan on a 'Floating Interest Rate' as an individual borrower, banks CANNOT charge you any prepayment or foreclosure penalties. You can prepay ₹10,000 or the entire remaining loan amount with zero extra charges. However, if your loan is on a 'Fixed Rate', banks usually charge a 2-3% penalty.

Question 4

How much loan can I get on my current salary?

Accepted Answer

Banks use the FOIR (Fixed Obligation to Income Ratio). Generally, your combined monthly EMIs (car, personal, plus the new home loan) cannot exceed 50% of your net in-hand salary. A rough rule of thumb is that your maximum home loan eligibility is around 60 times your net monthly salary.

Question 5

What tax benefits do I get under Section 24(b)?

Accepted Answer

Under Section 24(b) of the Income Tax Act, you can claim a deduction of up to ₹2 Lakhs per financial year on the INTEREST paid on your home loan, provided the property is self-occupied. If the property is rented out (let-out), the entire interest paid can be deducted without any upper limit.

Question 6

What tax benefits do I get under Section 80C?

Accepted Answer

The PRINCIPAL portion of your home loan repayment qualifies for deduction under Section 80C, up to a maximum limit of ₹1.5 Lakhs per year. The Stamp Duty and Registration charges you paid when buying the house can also be claimed under this same ₹1.5L limit in the year of purchase.

Question 7

Should I invest my extra money in Mutual Funds or prepay my Home Loan?

Accepted Answer

This is a strictly mathematical comparison. If your home loan costs you 8.5% (effectively ~6% after tax benefits), but your mutual funds generate a 12% CAGR, it is mathematically superior to keep the loan and invest the surplus in equity. However, if you have a low risk tolerance and desire the psychological peace of being debt-free, prepaying is an excellent guaranteed return.

Axis Bank Home Loan EMI Calculator 2026 - Axis Housing Loan Returns | STOCKCALC.IN

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Axis Bank Home Loan EMI Calculator 2026 - Axis Housing Loan Returns | STOCKCALC.IN

In Hindi (हिन्दी में पढ़ें)

Pro Analysis

Repayment Composition

Payment Timeline

Popular Loan Amounts

Bank Specific EMI

Personal Loans

Frequently Asked Questions

What is Axis Bank's Shubh Arambh home loan?

How does partial prepayment affect my Home Loan?

Is there a penalty for prepaying a Home Loan?

How much loan can I get on my current salary?

What tax benefits do I get under Section 24(b)?

What tax benefits do I get under Section 80C?

Should I invest my extra money in Mutual Funds or prepay my Home Loan?

⚠️ Disclaimer

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Calculate Your SIP Returns

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Recommended for You

Plan Your Financial Goals

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