Axis Bank Home Loan

Axis Bank Home Loan

Axis Bank is one of the most preferred banks of consumers when we talk about Home Loans. The interest rates are really competitive with a quick and stress-free process. It is the best bank for home loan in India.
Customers can easily apply for Home Loan with the loan amount ranging from Rs. 3 Lakhs to Rs. 150 Lakhs to fulfill their dream of getting their own home. One can easily avail the home loan with the interest rate starting from 8.90%. With the zero pre-closure and zero partial payment charges this bank becomes the most preferred option for the consumers.

Why Home Loan from Axis Bank?

Apply for a home loan online with the best & effective home loan interest rates in India from Axis Bank. The bank provides excellent customer-support, fast problem solving potential and easy loan disbursal.
There are numerous eye-catching features which draws the attention of consumers towards the Home Loan:

  •      Attractive rate of interest
  •      ICICI’s list of approved home loans make your dreams come true
  •      Best home loan rates
  •      Extended home loan tenures
  •      Availability of top-up loans
  •     Pick up of documents at doorstep
  •      Complete transparent process
  •      Easy loan disbursal
  •      Easy repayment options
  •      Home loan insurance
Fees and Charges
The mentioned below are the fees and charges applicable which are levied by Axis Bank:
Check your eligibility and fill in the Car Loan Application FormCompare various Car Loan options, and apply for the best optionAfter successful submission of the application get an instant e-approval

Advantages of Axis Bank Home Loan

Axis Bank provides its customers with exciting advantages to choose them for availing Home Loan.

 

  •       Flexible tenures, transparent processing and quick service.
  •       You can apply for Axis Bank Home Loan for the amount ranging from 3 lakh to 150 lakh depending upon your loan eligibility.
  •       Both salaried individuals & self-employed individuals above the age of 21 years and up to the age of 60 years can apply online.
  •       Customers also have the opportunity to transfer their home loan balances from other banks to Axis Bank
  •       Customers who wish to pay out their home loans in advance have the option to do so without being charged any prepayment fees.
  •      Customers can avail of home loans with tenures of up to 30 years.
  •       eDGE Loyalty Points Program enables earning of eDGE Reward points when the customer avails the Axis Home loans or takes a top-up home loan and on every anniversary year of the availed home loan.

Types of Home Loans Offered by Axis Bank

The Axis Bank offers extensive range of housing loans for the comprehensive coverage to people seeking financial aid for different part of their lives.

  1. Axis Bank Home Loan
  • Interest rate of 8.70% p.a.
  • Easy & hassle-free process
  • Doorstep service
  • Converts dream into reality.
  1. Axis Bank Fast Forward Home Loans
  • Minimum Loan Amount Rs. 30 Lakhs
  • Fast & easy process
  • Pay off your home loan with ‘Nil’ prepayment charges
  • Enjoy 12 EMIs waiver off on your home loan with no extra cost and regular EMI payment
  1. Axis Bank ASHA Home Loan
  • You can avail a loan up to  28 lakh with a monthly income as low as Rs.8000
  • Avail minimum Home Loan of  1 lakh and maximum depending upon your eligibility
  • Avail Home Loan at interest rates starting at 9.75% p.a.
  • Avail a loan equal to 90% of the property value on Home Loans up to Rs. 28 lakh
  1. Axis Bank ShubhAarambh Home Loan
  • Attractive rates of interest starting from 8.70% p.a. onwards.
  • Enjoy Home Loan amount up to Rs, 30 lakh
  • You can transfer your Home Loan to Axis Bank hassle-free
  • Pay off your Home Loan with ‘Nil’ prepayment charges
  1. Empower Home Loan
  • Interest rates starting at 9.25% p.a.
  • You can avail an interest rate reduction on maintaining a good repayment record for 24, 36 & 60 months.
  • Minimum Loan Amount offered is Rs.10 lakh
  • Prepay your home loan with no prepayment charges on your Axis Bank Home Loan
  1. Super Saver Home Loan
  • You can save on your total interest payable on Home Loan using the Axis Bank overdraft facility.
  • Minimum Loan Amount Rs.50 lakh
  • Zero prepayment charges
  • Get EMI repayment flexibility with a maximum tenure of 22 years on your Home Loan
  1. Top-up Loan
  • Fulfills multiple home purposes like construction of a residential/commercial building or for personal and business requirement
  • Avail additional Home Loan up to Rs.50 lakh depending upon your eligibility criteria

Eligibility Criteria for applying for Axis Bank Home loan

Your application for loan can be approved once you meet the eligibility criteria. The applicant must satisfy the following conditions to be eligible for the home loan. Below mentioned are the home loan eligibility conditions:

  1. Salaried Individuals
  • Applicants should be above 24 years and between 60 years at the time maturity
  • Individuals in permanent service in the Government or reputed companies
  1. Professionals
  • Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply.
  • Applicants above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.
  1. Self-Employed Individuals
  • Any individual filing income tax returns can apply
  • Applicants should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Documents required for applying for a Home Loan from Axis Bank

Before applying for Home Loan online please check you complete with the required documents.

TYPES OF FEESCHARGES APPLICABLE
Interest Rate14.50% to 16.25%
Processing FeesRs. 3500 - Rs. 5500
Loan Tenure5 years
Guarantor RequirementNo
Documentation ChargesRs. 500
Foreclosure Charges5% of the Principal Outstanding
Loan AmountRs. 1 Lakh Minimum
Cheque Bounce ChargesRs. 500
Cheque / Instrument Swap ChargesRs. 500
Stamp DutyAt actual
Loan cancellation / Re-bookingRs. 2500
Pre-Closure Charges10% of the principal outstanding (plus ST) up to 6 Months and 5% of the principal outstanding (plus ST) after 6 Months
Penal Interest2% per month
Registration Certificate Collection ChargeRs 200
Issuance of credit reportRs 50

Procedure for applying for Axis BankHome Loan Online

One can apply online for Home loan through our website with few simple steps by registering online:

  •    Enter the required details including your employment type, name, e-mail address, city you are currently living in, type of business, annual income, required loan amount, and mobile number.
  •    Provide your consent.
  •    Choose Axis Bank as your Business Loan partner.
  •     Fill in the form by providing some basic details like your gender, marital status, PAN Number, and others and click proceed.

For further queries you can go through www.axisbank.com

Know more about Axis Bank Home Loans – FAQs

Q. How much loan amount can I avail?

A. To calculate the borrowing limit, one can combine the earnings of oneself and the spouse or children. The combined income will then decide the borrowing limit. Minimum limit is INR 300,000 Maximum limit depends on the earnings combined For loan up to INR 2 Million – 15% of the property value in market For loan above INR 2 Million to up to INR 7.5 Million – 20% of the property value in market For loan higher than INR 7.5 Million – 25% of the property value in market

Q. What are the different options available for making EMI payments? Is there any which is preferable?

A. You may repay your Home Loan in any of the following two ways:

  • Standing Instruction (SI): You can use this mode if you have an Axis bank Savings, Salary, or Current Account. You can also use this option if you wish to open a Savings account with Axis Bank. Your EMI will debit automatically at the end of the monthly cycle.
  • National Automated Clearing House (NACH): If you have a non-Axis Bank Account then this mode is useful for you. In this mode, your EMIs will debit automatically from you non-axis account.
Q. Does Axis Bank allows home loan for home improvements or home extension?

A. Yes.

Q. What is the turnaround time for a decision on the Axis Bank Home Loan application?

A. The decision of the Axis Bank as on whether the loan is sanctioned or not depends on the eligibility, loan amount, Home Loan type and several other factors. The process is however quick and transparent.

Q. Can the applicant make part-payments of their Axis Bank Home Loan?

A. Yes

QUICK OVERVIEW
Apply online at interest rate starting @8.80% p.a.
Free doorstep documents pick-up service
Quick approval and disbursal rate
Competitive and transparent process
Multiple Home Loan Options available to choose from