Axis Bank Home Loan
Apply for Axis Bank Home Loan at 8.75% - 11.60% p.a. for up to 30 years. Enjoy nominal processing fee, lowest interest rates, flexible repayment options, easy-to-apply online application process, doorstep service, choice of fixed or floating rates & much more.
Apply for Axis Bank Home Loan @ 8.75% - 11.60% Interest Rates
Axis Bank Home Loan Details
Axis Home Loan Snapshot:
| Loan Amount | Rs. 3 Lakh - Rs. 5 Crore |
|---|---|
| Rate of interest | 8.75% - 11.60% |
| Tenure | Up to 30 Years |
| Lowest EMI possible | Rs. 787 Per Lakh |
| Processing fee |
|
Axis Bank Home Loan Feature & Benefits
You can tap following benefits with Axis Bank Home Loan:
- A wide range of Axis Bank housing loans to choose from. You can avail a customised home loan deal as per your profile.
- Axis Bank Home Loan Interest Rates are linked to RBI’s repo rates. Thus you can avail of attractive interest rates as per market standards.
- Repayment tenure varies from 12 to 360 months.
- There is no prepayment charge on Axis Home Loans.
- Choice to pick from floating as well as fixed interest rate home loans.
- Apply online to Axis Home Loan for faster sanction & disbursal.
- No hidden charges.
- Easy to use app & website support.
- Highly responsive customer service.
Looking for 1 Crore Home Loan? Check Interest rates, Eligibility, EMI Online & Apply Now!
Axis Bank Home Loan Interest Rates
The rates of interest for Axis Bank Home Loans vary according to the type of Axis Home Loan scheme, category of borrower, credit assessment, property value and other factors.
Currently following Axis Bank Home Loan Interest Rates are applicable:
| Type of Loan | Salaried | Self-employed |
| Home Loans |
| Floating Rate: 8.85% - 9.15% p.a. |
| Asha Home Loans | Floating Rate: 9.75% - 14% p.a. | Floating Rate: 10.80% - 12.50% p.a. |
For new home loan customers (+ existing customers since Oct 2019)
- Axis Bank Floating Home Loan Rates are linked to External benchmark of “repo rate.”
Currently RBI’ Repo Rate is 6.50%.
The effective Axis home loan interest rate is Repo rate + Bank’s spread.
The rates will be reset once in three months.
For existing home loan customers
- MCLR= 8.75%
MCLR rates are reset once every six months - Current base rate = 10.10%
- Mortgage Reference Rate (MRR) = 13.90%
- Basic Prime Lending Rate (BPLR) = 16.10%
Check Best Home Loan Interest Rates starting @7.35% from different banks and NBFCs
Axis Bank Home Loan Comparison with Other Lenders
| Bank/NBFC | Maximum Tenure | Interest Rate | Processing Fee |
|---|---|---|---|
| Axis Bank Home Loan | 30 years | 8.75% - 11.60% | Up to 1%, minimum Rs.10,000 |
| SBI Home Loan | 30 years | 7.50% - 8.45% | Up to 0.40% + applicable GST *waived off for limited time |
| ICICI Bank Home Loan | 30 years | 7.70% | 0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST |
| HDFC Home Loan | 30 years | 7.90% - 9.00% | Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes |
| Kotak Mahindra Home Loan | 30 years | 7.99% | Up to 2 % + GST |
Axis Bank Home Loan Schemes & Offers
Axis Bank offers a variety of home loan schemes to cater to a diverse base of customers. Popular types of Axis Bank Home Loan Offers are listed below:
Axis Bank Home Loan
- Regular Axis Bank home loan scheme for all types of housing finance.
- Multiple value-added benefits & services.
- Both salaried and self employed can apply.
- Extended age limit for self employed customers.
- Loan amount: Rs. 3 Lakh to Rs. 5 Crore
- Tenure: Up to 30 years
- Option to choose- floating or fixed home loan rate.
- Nil prepayment charges for floating home loan.
- Easy Home Loan Balance Transfer (HLBT) facility available.
- Doorstep service available.
Axis Bank QuickPay Home Loan
- Special Axis Bank Housing Loan Scheme for those who want reap benefits of repaying home loan faster.
- Pay higher principal early & cut down interest cost. Thus, you pay smaller EMIs as the loan matures.
- Loan amount: Up to Rs. 5 Crore
- Tenure: Up to 30 years
- Nil prepayment charges
- Low interest cost
- HLBT facility available
Axis Bank Fast Forward Home Loan
- Axis Home loan for buying under construction, ready/ resale home, self-construction, plot plus construction or home.
- Loan amount: Rs. 30 Lakh – Rs. 5 Crore
- Tenure: 30 years
- EMI waiver offer
- 12 EMIs waiver on regular EMI payment, with no extra cost.
-6 EMIs will be waived off at the end of 10th and 15th year respectively - Nil prepayment charge.
- HLBT facility available.
Axis Bank Shubh Aarambh Home Loan
- Axis Bank Shubh Aarambh is an EMI saver scheme for affordable home loans.
- It is Axis home loan scheme for purchase of under construction, ready/ resale home, self-construction, plot or home.
- Maximum Axis Bank Home Loan amount up to Rs. 30 Lakh.
- Tenure: 30 years
- Enjoy interest subsidy option with Pradhan Mantri Awas Yojana (PMAY) Scheme
- Enjoy 12 EMIs waiver on regular EMI payment with no extra cost.
- 4 EMIs will be waived every 4 Years.
- Easy balance transfer facility available for other bank customers.
- Nil prepayment charges
Axis Bank Asha Home Loan
- Affordable Axis home loans for both salaried & self employed customers.
- Home loan offer starts at a minimum combined family income of Rs. 8000 p.m.
- Loan amount: Rs. 1 lakh to Rs. 35 Lakh
- Tenure: 30 years
- Attractive interest rates
- Enjoy 12 EMIs waiver on regular repayments.
- Low margin, high LTV
- Loan available up to 90% of Property Value
- HLBT facility available
Axis Bank Power Advantage Home Loan- Fixed & floating combo
- Special fixed & floating rate combo Home Loan by Axis Bank
- Avail of Axis Bank home loan for purchase or construction of pre-owned or new home or plot
- Easy and fast processing
- Fixed rate of interest for initial 2 years, followed by floating rates.
- Loan amount: Up to Rs. 5 Crore
- Tenure: Up to 30 years
- PMAY benefits applicable for eligible customers
- HLBT facility is available
- Doorstep facility
Axis Bank Super Saver Home Loan
- Axis Bank Home loan with overdraft facility.
- Save on total interest payable.
- Invest surplus funds in the account & simultaneously earn interest
- Flexibility to withdraw account balance as per requirements
- Loan Amount: Rs. 50 Lakh – Rs. 5 Crore
- Enjoy EMI repayment flexibility
- Maximum tenure of 20 years for fully disbursed loans
- Maximum tenure of 22 years for partly disbursed loans
- HLBT facility available
- Zero prepayment charges
Axis Bank Home Loan Top-up
- Axis Bank Home Loan Top Up loan facility is available for:
a) existing home loan customers
b) and balance transfer customers. - Additional property loan for personal or business requirements.
- Can also be used as home construction or home improvement loans.
- Top-up up to Rs. 50 Lakh, basis eligibility
- Tenure will be outstanding Home Loan tenure
Axis Bank Home Loan Processing Fees & Charges
Fees and charges applicable on Axis Bank Home Loans:
| Processing fee | 1% of the loan amount (minimum Rs. 10,000) + GST Upfront processing fee of Rs. 5,000 + GST will be collected at the time of application login and balance fee will be collected at the time of disbursement. |
| Prepayment charges | Nil |
| Fees for switching of interest rate scheme (not applicable for Fast Forward & Shubh Aarambh Home Loans) |
|
| Repayment instruction/ instrument return | Rs. 500 per instance |
| Cheque/instrument swap charges | Rs. 500 per instance |
| Credit report issuance | Rs. 50 per instance |
| Issuance of duplicate statement | Rs. 250 per instance |
| Issuance of photocopy of title documents | Rs. 250 per document set |
| Issuance of duplicate amortization schedule | Rs. 250 per instance |
| Requests by customer for copies of documents | Rs. 250 per instance |
| Issuance of duplicate NOC/NDC | Rs. 500 per instance |
| Issuance of duplicate interest certificate (Provisional/Actual) | Rs. 250 per instance |
| Equitable mortgage creation charges | As applicable in the state |
| CERSAI charges |
|
*Applicable Goods & Services Tax (GST) will be charged over and above all the charges mentioned above
Check for 25 lakh home loan EMI and apply easily on MyMoneyMantra.
Axis Bank Home Loan Eligibility Criteria
Simple & easy to meet eligibility criteria are set for Axis Bank Home Loans. Let’s take a quick tour on eligibility standards set by the lender.
Axis Bank Home Loan Eligibility for Salaried Employees:
- The applicant should be in a permanent service. Employees of government as well as private companies are eligible.
- Age should be 21 years to 60 years (till the completion of loan).
Axis Bank Home Loan Eligibility for Professionals:
- Below-listed professionals can apply for Axis Bank Home Loan:
- Doctors
- Architects
- Dentists
- Engineers
- Chartered Accountants
- Cost Accountants
- Company Secretariat
- Management Consultant
- Applicant should be a minimum of 21 years old. The maximum age should be 65 years at the time of loan maturity.
Axis Bank Home Loan Eligibility for Self-Employed Individuals:
- To be eligible for Axis Bank Home Loan, you should be consistent in filing Income Tax Returns.
- Age should be 21 years or above at the time of loan application. The maximum age should be up to 65 years at the time of loan maturity.
You can also check Home Loan for Salaried Person
Documents Required for Axis Bank Home Loan
Axis Bank Home Loan Documents to be submitted for loan application:
| Mandatory documents |
|
| Identity proof (any one) |
|
| Address proof (any one) |
|
| Signature proof (any one) |
|
| Proof for Date of birth (any one) |
|
| Income proof (any one) | For Indian Salaried:
For NRI Salaried:
|
Self-employed:
| |
| Documents for Balance Transfer/ Takeover of Loan from other bank or financial institution |
|
| For Partners in a Firm or Directors in a Company | Partner/Partnership Firm:
Director of a Company:
|
| Other Documents & Checks |
|
Also Check Pan Number for Home Loan of All the banks Online through MyMoneyMantra
How to Calculate Axis Bank Home Loan EMI?
You can use MyMoneyMantra EMI Calculator to determine Axis Bank Home Loan EMI online.
The calculator comes as a handy tool to analyse and compare loan rates charged by other banks. Thus it helps you to make an informed choice
For using MyMoneyMantra’s too for Axis Bank Home Loan EMI Calculation, all you need to do is fill in the amount you need as loan, loan repayment tenure and rate of interest. After the information is filled, the calculator measures EMI on the basis of applicable interest rates and finally displays the liability of EMI against the loan amount.
You can use this Axis Bank home Loan interest rate calculator to get loan EMI, total interest payment and loan amortization schedule.
Axis Bank Home Loan EMI Calculation
Let’s use EMI Calculator and find out EMI for Axis Bank Home Loans with different combinations of Home Loan Amount and tenor. Below we have calculated EMI for 10 Lakh, 20 Lakh, 30 Lakh, 40 Lakh, 50 Lakh Axis Home Loan for 10, 20 & 30 years respectively.
| Loan Amount | 10 years | 20 years | 30 years |
|---|---|---|---|
| Rs. 10 lakh | Rs. 12,399 | Rs. 8,678 | Rs. 7,689 |
| Rs. 20 lakh | Rs. 24,797 | Rs. 17,356 | Rs. 15,378 |
| Rs. 30 lakh | Rs. 37,196 | Rs. 26,035 | Rs. 23,067 |
| Rs. 40 lakh | Rs. 49,594 | Rs. 34,713 | Rs. 30,757 |
| Rs. 50 lakh | Rs. 61,993 | Rs. 43,391 | Rs. 38,446 |
| Rs. 60 lakh | Rs. 75,196 | Rs. 53,023 | Rs. 47,202 |
*For purpose of EMI calculation, flat rate of Interest @ 8.75% - 11.60% is considered. The calculation is indicative only and will change as per effective Axis rate of interest offered to you.
You can also check and apply for 5 Crore Home Loan EMI Online
Axis Bank Home Loan Customer Care
Axis Bank Home Loan Customer Care can be contacted for grievances, suggestions, requests and feedback. The team is well adept at handling a range of customer concerns
Customer Care Helpline Numbers:
1860 - 419 - 5555
1860 - 500- 5555
Agri and Rural
1 - 800 - 419 - 5577
Call 1800-419-5959 to get your Account Balance
Call 1800-419-6969 to get your Mini Statement
You can mail here: customer.service@axisbank.com
You can also direct your concerns on the bank website to get detailed information of the other contact mediums - https://www.axisbank.com/contact-us
You can also use customer support to check Axis Bank Home Loan Status.
Use website form for checking Axis Bank Home Loan Application Status. Sharing your application ID and date of birth you can check the loan status.
Contact Axis Bank Headquarter:
Axis Bank Limited, 'Axis House',
C-2, Wadia International Centre,
PandurangBudhkarMarg,
Worli, Mumbai - 400 025
Call: +91-22-24252525/43252525
Fax: +91-22-24251800
In case you are not satisfied with resolution of your complaint, you can write to the nodal officer at nodal.officer@axisbank.com
You can also check Home Loan Customer Care Number from different banks & NBFCs oline
Axis Bank Home Loans FAQs
Yes. Applicants can make part prepayment without bearing any charges on floating home loan.
Yes, borrowers can foreclose Axis Bank Home Loan. But, before processing the foreclosure request, the bank will ensure that all previous dues are cleared. Once NOC is passed, a foreclosure request is submitted at the Loan Centre and the processing of request begins. Presently, there are no charges associated with foreclosure of Axis Bank Home Loan Account.
Axis Bank Home Loan interest rates vary from 8.75% - 11.60% per annum. Interest rates tend to vary depending upon several factors like Repo rate, LTV, CIBIL Score, monthly income, age, etc.
There is no prepayment charge applicable on Axis Bank Home Loan prepayment or foreclosure.