Axis Bank Home Loan

Posted in: Bank Loan | on: February 26, 2021

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Axis Bank offers flexible and affordable home loans to build your dream home. It offers wide range of home loan products at most competitive interest rates. It comes with longer loan tenures and added benefits such as EMI waiver. Axis bank offers home loan at lower interest rate starting from 6.95% per annum. It offers loan amount starting from Rs.1 lakh to Rs.5 crore. The maximum home loan tenure is up to 30 years. Depending on your needs, you can choose from different Axis home loan products.

What are the features and benefits of Axis Bank Home Loan?

Axis bank home loan comes with a host of features and benefits.

  • Smaller EMIs
  • Longer repayment tenure up to 30 years
  • Attractive interest rates
  • Easy application process
  • Minimum loan amount Rs. 1 lakh
  • Doorstep service
  • No prepayment charges
  • Easy transfer of loan balance
  • Quick and transparent processing
Interest Rate 6.95% p.a onwards
Loan Amount Rs.1 lakh - Rs.5 crore
Loan Tenure Up to 30 years
Processing Fee Up to 1% or Minimum Rs.10,000
Penal Interest Rate 2% per month
Pre-payment/Foreclosure charges 0-2%
Rate Packages Floating/Fixed

What are the home loan products available in Axis Bank?

Axis bank offers wide range of home loan products with which you can choose according to your needs. Some of the home loan products offered in Axis bank are given below.

Axis Bank Home Loan

  • Ideal for Resident Indian, NRI Salaried and Self-Employed customers.
  • Attractive fixed and floating interest rates
  • No prepayment charges
  • Minimum loan amount Rs.3 lakhs.

QuikPay Home Loan

  • Helps to repay higher principal
  • Interest saving with Reducing Monthly Instalments (RMI)
  • No prepayment charges
  • Balance transfer facility available

Shubh Aarambh Home Loan

  • Eligible for PMAY benefits
  • Reward of 12 EMI waivers upon maintaining clean track record
  • No hidden charges
  • Balance transfer facility available

Fast Forward Home Loan

  • Easy and fast loan disbursals with less documentation
  • Reward of 12 EMI waivers upon regular EMI payment
  • No prepayment charges
  • Balance transfer facility available

Asha Home Loan

  • Lower interest rate starting from 10.05%
  • Loan equal to 90% of the property value
  • Reward of 12 EMI waivers upon regular EMI payment
  • Balance transfer facility available

Top-Up Home Loan

  • Ideal for multiple purposes
  • Attractive interest rates starting at 8.65%
  • Additional finance available up to Rs.50,00,000
  • Repayment of top-up loan is available along with home loan.

Super Saver Home Loan

  • Save total interest payable on your home loan with unique financing solution
  • Avail multiple facilities - Chequebook, ATM card, Internet Banking and Phone Banking
  • Floating interest rate applicable
  • No prepayment charges

Power Advantage Home Loan

  • Fixed rate benefit for two years
  • Eligible for PMAY benefits
  • Balance transfer facility available
  • Block interest rate for initial loan tenure

Pradhan Mantri Awas Yojana

  • Interest subsidy on home loans to eligible beneficiaries belonging to the EWS, MIG and LIG segment.
  • Savings up to Rs.2.67 lakhs for eligible beneficiaries
  • The loan amount depends on the applicant's eligibility.

What are the interest rates for Axis Bank Home Loan Products?

The interest rate for Axis bank home loan starts from 6.95% onwards. The interest rates may vary for each home loan product and employment type. The interest rate, loan amount and loan tenure for each home loan product is given below.

Axis Bank Home Loan Products Loan Amount Maximum Tenure Fixed Interest Rate (p.a) for Salaried and Self-Employed Interest Rate p.a
Salaried Self-Employed
Axis Bank Home Loan Up to Rs.5 crore 30 years 12% 6.90% - 8.40% 7.95% - 8.55%
Axis QuikPay Home Loan Up to Rs.5 crore 30 years - 7.95% - 8.45% 9.15% - 9.35%
Axis Shubh Arambh Home Loan Up to Rs.30 lakhs 30 years 12% 7.75% - 8.25% 8.95%
Axis Fast Forward Home Loan Rs.30 lakhs to Rs.5 crore 30 years 12% 7.75% - 8.25% 8.95% - 9.15%
Axis Asha Home Loan Rs.1 lakh to Rs.35 lakhs 30 years 12% - 12.50% 10.05% - 11% 10.30% - 11.50%
Axis Top-Up Home Loan Up to Rs.50 lakhs Same as outstanding home loan tenure 12% Decided by the bank Starting from 8.90%
Axis Super Saver Home Loan Rs.50 lakhs to Rs.5 crore 20 years for fully disbursed case and 22 years for partly disbursed case - 8.15% - 8.30% 9.20% - 9.35%
Axis Power Advantage Home Loan Up to Rs.5 crore 30 years 8.40% 8% - 8.35% 9% - 9.20%

What are the eligibility criteria required to avail Axis Bank Home Loan?

Multiple factors determine your Axis bank home loan eligibility such as your income, age, assets and liabilities, number of dependents you need to support and stability of your occupation. Some of the basic criteria required to apply for Axis bank home loan are given below.

Age 21 years to 57 years
Nationality Resident Indians and NRIs
Employment Type Salaried and Self-Employed

How to calculate Axis Bank Home Loan Eligibility?

With Axis Bank Home Loan Eligibility Calculator, you can calculate your eligibility based on your income and repayment capacity. Apart from this, other factors such as your age, credit history, financial position, credit score, and other financial liabilities also determines your eligibility. To calculate your home loan eligibility, go along with the following steps.

Step 1: Visit Axis Bank Home Loan Eligibility Calculator page.

Step 2: Enter details such as your monthly income, current EMIs, interest rate, loan term and monthly EMI.

Step 3: Once you have provided all these details, the loan amount you are eligible for will appear on the screen.

How to calculate Axis Bank Home Loan EMI?

You can calculate Axis bank home loan EMI using Axis Bank Home Loan EMI Calculator. It is an online tool that eases your loan planning. To calculate EMI for home loan in Axis bank, just follow the simple steps given below.

Step 1: Visit Axis Bank Home Loan EMI Calculator page.

Step 2: Enter the amount, rate of interest and tenure for which you seek home loan.

Step 3: Once you have provided all these details, the EMIs applicable for the loan tenure will appear on the screen.

How to calculate Axis Bank Home Loan EMI

What are the documents required to apply for Axis Bank Home Loan?

To apply for home loan in Axis bank, you need to submit the following list of documents.

  • Income statements
  • Bank statements
  • Salary slips and Form 16
  • Latest Income Tax Returns
  • Credit report
  • Age Proof - Aadhaar/ Passport/ Driving License/ PAN card
  • Address Proof - Aadhaar/ Passport/ Driving License/ Utility bills
  • ID Proof - Aadhaar/ Passport/ Driving License/ PAN card
  • Property Documents - Sale deed, sale agreement with the builder, land and tax building receipts, possession certificate, certified copy of sanctioned property plan, NOC from builder or housing society, detailed construction cost estimate, original receipts of the advance paid for purchase, letter from housing society or builder stating the bank account details for remittances.

Axis Bank Home Loan - Important Links

  • To apply for Axis bank home loan, click here
  • To track your Axis bank home loan application status, click here
  • To locate your nearest Axis bank home loan branch, click here

Axis Bank Home Loan Customer Care

You can contact Axis bank home loan customer care service for any queries related to home loan. The contact details are given below.

Call Axis bank home loan toll-free number 1860-419-5555, 1860-500-5555
Register in Online click here
Write to Axis Bank Corporate Address

Axis Bank Limited, Corporate Office

'Axis House', C-2, Wadia International Centre,

Pandurang Budhkar Marg, Worli, Mumbai – 400 025

 


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