Atharv Finance Services is a leading finance company committed to providing a wide range of financial services to individuals and businesses. Our mission is to offer personalized solutions that help our clients manage their finances, achieve their goals, and grow their businesses.
A credit card limit, or credit limit, refers to the maximum amount of credit that a credit card issuer allows a cardholder to borrow or charge on their credit card. It's an essential part of your credit card agreement, dictating how much you can spend before reaching the ceiling, after which transactions may be declined, and additional fees could apply. Credit limits vary based on several factors, including the cardholder's creditworthiness, income, employment history, and the type of credit card. The limit can be as low as a few hundred dollars for new or less creditworthy cardholders or as high as tens of thousands of dollars for established customers with strong credit histories.
Credit limits play a significant role in managing credit utilization, which is the ratio of your credit card balance to your credit limit. This ratio is a key factor in determining your credit score; a lower credit utilization ratio generally indicates better credit health and can positively impact your credit score. Keeping your balance well below your credit limit demonstrates responsible credit management and may lead to higher credit limits over time. However, consistently maxing out your credit card or exceeding the credit limit can harm your credit score and lead to additional fees, impacting your ability to obtain favorable credit terms in the future.
Enjoy more affordable home loans with appealing interest rates each month.
Approval of loans is at the discretion of Axis Bank and is subject to its terms and conditions as well as compliance with the regulatory requirements set
Meeting on Executive
Transfer your existing home loan to Axis Bank, without any hassles.
Avail or repay the home loan from the comfort of your home or office.
No prepayment charges for paying off your home loan before the due date (only for loans availed at floating rate of interest)
Premium banking customers can contact their Relationship Manager for details of special benefits.
Repay your home loan in smaller EMIs, over a longer tenure, depending on the situation of your finances.
For salaried individuals, securing a Home Loan requires a stable employment history, typically within government sectors or reputed companies. Applicants must be over 21 and not above 65 years or the age of retirement by the loan's end. Ensure a thorough check of your documents required for Home Loan, including employment verification and financial stability proofs, as it is the key to a successful application.
Professional applicants, such as doctors or engineers, are welcome to apply by Axis Bank for a Home Loan. The age limit is between 21 and 65 years. The Home Loan documents list extends to professional qualifications and proof of practice for these applicants to ensure credibility and a reliable repayment structure.
Self-employed business owners and entrepreneurs looking to invest in property must ensure comprehensive documents required for a Home Loan application, showcasing consistent income through tax returns. Eligibility hinges on being over 21 at loan initiation and under 65 at loan closure, with a strong financial record to support the application.
The minimum Home Loan amount starts at *3 lakh.
Bank stipulates varying margins for different Home Loan brackets. Loans up to 30 lakh require a 10% margin. For amounts extending from 30 lakh to 75 lakh, the margin is 20%. For Home Loan above 75 lakh, borrowers must maintain a 25% margin. These thresholds ensure financial prudence and loan affordability tailored to the borrower's needs.
| Bureau Score | Salaried | Self-employed |
|---|---|---|
| 751 and above | 9.25% p.a. | 9.50% p.a. |
| No Hit | <700 | 700 to 750 | 751 and above | |
|---|---|---|---|---|
| Vanilla Salaried (Home loans including Plot) |
9.30% | 9.65% | 9.50% | 8.75% |
A Home Loan Balance Transfer is the process of moving your existing Home Loan to a different lender. This may result in more favourable terms, such as a reduced interest rate or an extended repayment period, potentially accompanied by an increase in the loan amount.
Transferring the outstanding balance of your existing Home Loan to Axis Bank is prudent when you observe a favourable shift in interest rates, particularly if you hold a floating-rate loan where reduced rates can significantly lower your financial burden. Such a strategic transfer is worthwhile, especially if it results in a more attractive interest rate, thus diminishing the overall interest paid throughout the loan's tenure.
With us you can purchase clinical, dental, and vision protection plans for everybody in your family. As a confided in supplier, HR empowers you to get the wellbeing inclusion you need at a sensible cost, with in excess of 1300 choice from 180+ transporters. With us free and simple to-utilize plan locaters and correlation apparatuses, can discover the medical coverage plan that best suits your spending plan and needs. When you apply, deals with in application beginning to end, upholding for your old benefit to guarantee your wellbeing inclusions are allowed immediately. Get a health care coverage quote today and give your family the consideration they merit.
Atharv Finance Services is a leading finance company committed to providing a wide range of financial services to individuals and businesses. Our mission is to offer personalized solutions that help our clients manage their finances, achieve their goals, and grow their businesses.
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