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Home loans from leading lenders like Axis Bank can help you own a home, and the home loan statement you get can help you save on tax. This is possible because the Axis Bank home loan statement, or any other home loan statement, is a mandatory requirement when claiming home loan tax benefits. 

Without this, you can’t submit a request for a deduction. Thankfully, digitisation has made it easier to get this vital document. Now, you can get your Axis Bank home loan statement online, and in just a few clicks. Read on to find out why an Axis Bank home loan statement is required and how you can get one.

How to Download Axis Bank Housing Loan Statement?

Just like other banking services, Axis Bank also allows its customers to get their home loan statements online. 

Here is how you can download the Axis Bank home loan statement in a few simple steps:

  • Visit the official website of the Axis Bank 

  • Go to the bank’s net banking portal

  • Log in to your Axis Bank net banking account using your user ID and password by clicking on “Login”

  • Click on the ‘Enquiries’ tab after logging in

  • To get the Axis Bank home loan statement online, select the ‘Axis Bank Home Loan Provisional Certificate’ option

  • Enter the details of the home loan for which you require an Axis Bank home loan statement online

  • Submit the details to download the Axis Bank home loan statement online 

  • Once the Axis Bank home loan statement opens, you have the option to view, save, or print it

How to Get the Axis Bank Home Loan Statement Offline?

Apart from downloading it online, you can also get the Axis Bank home loan statement offline. To get the Axis Bank home loan statement offline, follow the steps provided below:

  • Visit the nearest Axis Bank branch

  • Ask for the Axis Bank home loan statement form from the bank officials

  • Fill in the form with details like your name, PAN details, DOB, address, home loan details, contact details, etc.

  • Submit the form along with the required documentation like copies of PAN card, Aadhaar Card, Passport, etc.

  • After the bank verifies your home loan details, you will be provided with an Axis Bank home loan statement 

Why is Axis Bank Home Loan Statement Required?

The first and foremost reason to get the statement is to understand the particulars of your loan, and your repayment track record. This is because the Axis Bank home loan statement has all the information related to your housing loan. 

With it, you can know the following specifics about your loan:

  • Principal loan amount

  • Home loan interest rate

  • Repayment tenure

  • Outstanding loan balance

  • Breakdown of payments

Additionally, an Axis Bank home loan statement is an important piece of documentation for taxation purposes. When looking to claim a tax rebate, as per the provisions under the IT Act, you are required to submit your home loan statement.

Do keep in mind that both principal and interest components of home loans are eligible for tax deductions under various sections of the Income Tax Act of 1961. This information is all clearly listed in the home loan statement.  

With an Axis Bank home loan statement, you can claim the following deductions:

  • Section 80C: This section allows you to claim deductions of up to ₹1.5 Lakhs in a financial year on the principal amount of your home loan

  • Section 24b: You can avail of a tax rebate of up to ₹2 Lakhs on the interest component of your housing loan  

In conclusion, your Axis Bank home loan statement is a vital document, and learning how to get it easily is worth the effort. While you can get it offline, use the online facilities available to minimise delays and the need for physical visits to a branch.

To download the Axis Bank home loan statement online, visit the bank’s official website and get started. As a practice, you should download your statement once every few months to track your repayment progress. This helps you stay informed about your active credit and take action in case of any discrepancies. 

In case you feel you are paying a higher loan interest when you compute your instalments using a home loan EMI calculator, you can opt for a home loan balance transfer option. You can get more details regarding the same at Bajaj Markets. 

FAQs on Axis Bank Home Loan Statement

You require an Axis Bank home loan statement to avail of tax benefits under Sections 80C and 24b of the Income Tax Act of 1961.

You can track your Axis Bank home loan application status on the application tracker portal of the Axis Bank website. Simply visit the following link – www.axisbank.com/application-tracker , click on the arrow that appears on the “LOAN” tile, enter the required details, and click on “ENQUIRY”.

You need an Axis Bank interest certificate if you wish to claim tax deductions on your house loan.

You can get the Axis Bank home loan statement online by applying for it online through the netbanking portal. You can also get the Axis Bank home loan statement offline by visiting the nearest bank branch.

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