Axis Home Loan

Axis Bank Home Loan

Axis Bank is one of the most preferred banks of consumers when we talk about Home Loan. The interest rates are really competitive with a quick and stress-free process.

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 partial payment charges this bank becomes the most preferred option for the consumers.

Why Home Loan from Axis Bank?
Apply for a home loan with the best & effective interest rates 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
  •     Extended home loan tenures
  •     Availability of top-up loans
  •     Pick up of documents at doorstep
  •     Complete transparent process
  •     Easy loan disbursal
  •     Easy repayment options

Fees and Charges

The mentioned below are the fees and charges applicable which are levied by Axis Bank:
TYPES OF FEESCHARGES APPLICABLE
Interest Rate 8.80% to 11.75%
Super Saver Scheme - 9.25%
Processing Fees Up to 1% of the Loan amount subject to minimum of Rs.10,000/-
Loan Tenure Up to 30 years
Guarantor Requirement NO
Lowest EMI Rs.797 per 1 lakh
Loan turnaround period8 - 15 days
Loan Amount Minimum: Rs 3 lakhs, Maximum: Depends on combined income
Cheque Bounce ChargesRs.500 per instance
Cheque / Instrument Swap Charges Rs.500 per instance

Advantages of Axis Bank Home Loan

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

  • 1. Flexible tenures, transparent processing and quick service.
  • 2. You can apply for Axis Bank Home Loan for the amount ranging from 3 lakh to 150 lakh depending upon your loan eligibility.
  • 3. Both salaried individuals & self-employed individuals above the age of 21 years and up to the age of 60 years can apply online.
  • 4. Customers also have the opportunity to transfer their home loan balances from other banks to Axis Bank
  • 5. Customers who wish to pay out their home loans in advance have the option to do so without being charged any prepayment fees.
  • 6. Customers can avail of home loans with tenures of up to 30 years.
  • 7. 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 home loans for the comprehensive coverage to people seeking financial aid for different part of their lives.

Home LoansStep -1Step - 2Step -3Step -4
Axis Bank Home LoanInterest rate of 8.70% p.a.Easy & hassle-free processDoorstep serviceConverts dream into reality.
Axis Bank Fast Forward Home LoansMinimum Loan Amount Rs. 30 LakhsFast & easy processPay off your home loan with 'Nil' prepayment chargesEnjoy 12 EMIs waiver off on your home loan with no extra cost and regular EMI payment
Axis Bank ASHA Home LoanYou can avail a loan up to 28 lakh with a monthly income as low as Rs.8000Avail minimum Home Loan of 1 lakh and maximum depending upon your eligibilityAvail 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
Axis Bank ShubhAarambh Home LoanAttractive rates of interest starting from 8.70% p.a. onwards.Enjoy Home Loan amount up to Rs, 30 lakhYou can transfer your Home Loan to Axis Bank hassle-freePay off your Home Loan with 'Nil' prepayment charges
Empower Home LoanInterest 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 lakhPrepay your home loan with no prepayment charges on your Axis Bank Home Loan
Super Saver Home LoanYou can save on your total interest payable on Home Loan using the Axis Bank overdraft facility.Minimum Loan Amount Rs.50 lakhZero prepayment charges Get EMI repayment flexibility with a maximum tenure of 22 years on your Home Loan
Top-up LoanFulfills multiple home purposes like construction of a residential/commercial building or for personal and business requirementAvail 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:

Salaried IndividualsProfessionalsSelf-Employed Individuals
Applicants should be above 24 years and between 60 years at the time maturityProfessionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply.Any individual filing income tax returns can apply
Individuals in permanent service in the Government or reputed companiesApplicants 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.
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

NatureSalariedSelf-Employed
Identity & Address proofPassport/Voter's ID/Driving license/PAN Card/Aadhar CardPassport/Voter's ID/Driving license/PAN Card/Aadhar Card
Income ProofLatest 3 months’ salary slip showing all deductions and Form 16Last 2 years’ IT returns and computation of income for the last 2 years certified by a CA
Bank statement or Passbook where salary or income is creditedLast 6 monthsLast 6 months
GuarantorOptionalOptional

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

Procedure for applying for Axis Bank Home Loan Online

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

  •   1. 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.
  •   2. Provide your consent.
  •   3. Choose Axis Bank as your Business Loan partner.
  •   4. Fill in the form by providing some basic details like your gender, marital status, PAN Number, and others and click proceed.

Note:- For further queries you can go through https://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?

. 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?

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?

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

Reviews

Excellent service with speedy approval, the process is completely user-friendly and the customer support service is great.  Tanmay Gautam

The loan is sanctioned within a week period and the executives from the bank come at your doorstep to collect the documents & help in completing the process  Akshay Ghulati

The name you can trust upon for Home Loan is Axis Bank, their speedy process and easy disbursal; make them stand out of the queue and my preferred choice.  Reena Jain