NEWS & ADVICE : HOME LOANS
Axis Bank provides rebate on home loan EMIs to its loyal customers
By Joseph Samson
Sep 6, 2012
Print    Email    RSS   

The Mumbai headquartered Axis bank has introduced a new home loans scheme for its loyal customers in which the bank provides a rebate on equated monthly installments for the loan. The bank has waived off 12 month's EMIs on its home loans.

The scheme called ‘Happy Ending Home Loan' has a built in EMI waiver facility for customers who pay all their EMIs on time until the 15th year of the loan tenure. For these customers last year's EMIs will be waived off automatically. The scheme is applicable on home loans having tenure of 20 years or more and no prepayment penalty.

The interest rate charged on the product will be the same as regular home loan products offered to resident customers under floating rate option.

Talking on the matter, the Head Consumer Lending & Payments of Axis Bank Mr. Jairam Sridharan said, "When someone has been a loyal customer for a long time and has been very disciplined with their EMI payments, we would like to reward them for that behaviour and show our appreciation for their business."


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Tax Planning for Working Women in India
Financial Review: A must for every individual
Carnival of Indian Personal Finance Blogs #4
IBA to push for MIBOR as the benchmark rate
Carnival of Indian Personal Finance Blogs #3


I want my Housing loan provisional certificate....
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive