Axis Bank Home Loan
Axis Bank Home Loan makes your dream of owning a house a reality. The Axis Bank Home loan has been boosted with many facilities like an easy application process, alluring interest, doorstep service, and smaller EMIs where you can space out your payment over the long term. Moreover, there aren’t any prepayment charges.
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Check Axis Bank Home Loan Eligibility
Home Loan Banks | Interest Rate | Processing Fee | Rating | Loan Amount/Tenure | |
|---|---|---|---|---|---|
Quick Approvals Axis Bank Home Loan | 8.75% - 14% | 0.05% | ₹5L - ₹1Cr Tenure(1 - 25 Years) | Details |
Features and Benefits of Axis Bank Home Loan
Axis Bank home loan comes with numerous benefits such as:
- A wide range of home loan schemes to meet varying customer requirements.
- Availability of home loan balance transfer from existing bank to Axis Bank.
- No prepayment charges for paying off loans before the tenure for loans with a floating rate of interest.
- Quick and hassle-free application processing.
- Special benefits for the existing and premium banking customers.
- Flexible repayment tenure up to 25 years.
- Repayment option with reducing monthly instalments.
- Attractive home loan interest rates.
- No prepayment charges.
- As per the preference, borrowers get the option to choose from fixed or floating home loan interest rates.
Axis Bank Home Loan Overview
With the Axis Bank Home Loan, starting at INR 3 Lakh, you may fulfil your dream of buying a home easily. You can even apply for an Axis Bank home loan through their online portal and benefit from lower EMIs, attractive interest rates, minimal paperwork and quick processing. The eligibility criteria for home loans have been kept nominal in order to make housing finance more accessible. If you already have a home loan, you can transfer it quickly and effortlessly through a home loan balance transfer.
- Smaller EMIs and flexible repayment options
- Home loans starting from INR 3 lakhs
- Availability of floating and fixed home loan interest rates
- No prepayment charges
- Attractive interest rates
- Quick and hassle-free online application process
Axis Bank Home Loan Eligibility Criteria
| Salaried Individuals | Professionals | Self-Employed Individuals |
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Axis Bank Home Loan Fees and Charges
| Particulars | Charges |
| Processing Charges | 1 percent of the borrowed loan amount + INR 5,000 + applicable GST. |
| Penal Rate of Interest | 24 percent per annum i.e. 2 percent per month. |
| Switching Fees (to move from Floating Interest Rate to Fixed Interest Rate) | 1 percent on the outstanding loan amount, minimum of INR 10,000. |
| Switching Fees (to move from Fixed Interest Rate to Floating Interest Rate) | 2 percent on the outstanding loan amount. |
| Switching Fees (to switch from Higher Floating Rates to Lower Floating Rates) | 0.5 percent on the outstanding loan amount, minimum of INR 10,000. |
| Cheque Return/Cheque Bounce Charges/Repayment Instruction | INR 500 per request. |
| Instrument or Cheque Swap Charges | INR 500 per request. |
| Issuance of Duplicate Statement | INR 250 per request. |
| Issuance of Duplicate Amortisation Schedule | INR 250 per request. |
| Issuance of Duplicate Interest Certificate (Provisional/Actual) | INR 250 per request. |
| Issuance of Credit Report | Rs.50 per request. |
| Photocopy of the Title Documents | INR 500 per set of requested documents. |
| Applicant Initiated Photocopies of the Submitted Documents | INR 500 per set of requested documents |
| Prepayment Charges including Part-Prepayment Charges for Floating Interest Rates | Not Applicable |
| Prepayment Charges for Fixed Interest Rate | 2 percent of the outstanding loan amount. |
| Equitable Mortgage Creation | Based on the prevailing state laws (subject to change in time) |
| CERSAI | INR 50 for loan amount up to INR 5 lakh and INR 100 for loan amount exceeding INR 5 lakh |
| Duplicate Copy of the No-Objection Certificate | INR 500 per request in addition to applicable GST |
| Insurance or Loan Cover | Property insurance is obligatory. |
Axis Bank Home Loan Schemes
| Axis Bank Home Loan Scheme | Highlights |
| Axis Home Loan |
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| Axis QuikPay Home Loan |
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| Axis Power Advantage Home Loan |
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| Axis Shubh Aarambh Home Loan |
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| Axis Fast Forward Loan |
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| Axis Asha Home Loan |
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| Axis Bank Super Saver Home Loan |
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| Axis Top-up Home Loan |
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| Axis Empower (PMAY) Home Loan |
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| Axis Bank NRI home loan |
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Documents Required for Axis Bank Home Loan
| Documents | Salaried Individuals | Self-Employed Individuals |
| Identity Proof |
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| Income Proof |
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| Address/ Residence Proof |
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Balance Transfer Axis Bank Home Loan
Axis Bank offers a balance transfer home loan feature to allow borrowers to transfer the existing high-interest rate loans to Axis Bank in minimal time. Axis Bank balance transfer home loan offers numerous amazing features.
- Attractive rate of interest starting from 8.1%.
- Loan amount up to INR 2 crores.
- Flexible repayment tenure up to 25 years.
- Legal report waiver.
- Balance transfer option is available for all non-banking institutions and banks.
- Availability of top-up loan.
Axis Bank Home Loan Customer Care Number
You can get in touch with the Axis Bank customer care executives by calling on any of the following numbers:
- 1-860-419-5555
- 1-860-500-5555
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Axis Bank's IFSC Codes
- Axis Bank Andaman and Nicobar
- Axis Bank Andhra Pradesh
- Axis Bank Assam
- Axis Bank Bihar
- Axis Bank Chandigarh
- Axis Bank Chhattisgarh
- Axis Bank Dadra and Nagar Haveli
- Axis Bank Daman and Diu
- Axis Bank Delhi
- Axis Bank Goa
- Axis Bank Gujarat
- Axis Bank Haryana
- Axis Bank Himachal Pradesh
- Axis Bank Jammu and Kashmir
- Axis Bank Jharkhand
- Axis Bank Karnataka
- Axis Bank Kerala
- Axis Bank Madhya Pradesh
- Axis Bank Maharashtra
- Axis Bank Manipur
- Axis Bank Meghalaya
- Axis Bank Mizoram
- Axis Bank Nagaland
- Axis Bank Odisha
- Axis Bank Puducherry
- Axis Bank Punjab
- Axis Bank Rajasthan
- Axis Bank Sikkim
- Axis Bank Tamil Nadu
- Axis Bank Telangana
- Axis Bank Tripura
- Axis Bank Uttarakhand
- Axis Bank Uttar Pradesh
- Axis Bank West Bengal
Home Loan By Other Banks
- Bank of Baroda Home Loan
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- ICICI Bank Home Loan
- Bajaj Finserv Home Loan
- Canara Bank Home Loan
- IndiaBulls Home Loan
- YES Bank Home Loan
- DHFL Home Loan
- CITI Bank Home Loan
- Union Bank of India Home Loan
- Federal Bank Home Loan
- IndusInd Bank Home Loan
- State Bank of India Home Loan
- IDFC FIRST Bank Home Loan
- Hero FinCorp Home Loan
- Punjab National Bank Home Loan
- IDBI Bank Home Loan
- Kotak Bank Home Loan
- Godrej Housing Finance Home Loan
- Tata Capital Housing Finance Limited Home Loan
- HDFC Sales Home Loan
- Indian bank Home Loan
- Vastu Housing Finance Home Loan
- Capital First Ltd. Home Loan
- Home First Finance Company Home Loan
- Hero Housing Finance Home Loan
- Clix Capital Home Loan
- Aditya Birla Finance Limited Home Loan
- Housing Development Finance Corporation Home Loan
- L&T Finance Home Loan
- HSBC Home Loan
- LIC Housing Finance Home Loan
- Reliance Capital Home Loan
- Fullerton India Home Loan
- Bank of India Home Loan
- IIFL Finance Home Loan
- Piramal Housing Finance Home Loan
- Edelweiss Financial Services Home Loan
- Poonawalla Fincorp Limited Home Loan
- Aadhar housing Finance Home Loan
- DCB Bank Home Loan
- Punjab National Bank Housing Finance Home Loan
- Capri Global Home Loan
- Punjab & Sind Bank Home Loan
- Muthoot Finance Ltd Home Loan
- karnataka bank Home Loan
- Bank of Maharashtra Home Loan
- Ujjivan Small Finance Bank Home Loan
- RBL Bank Home Loan
- Cholamandalam Finance Home Loan
- Deutsche Bank Home Loan
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FAQs
From refinancing to reducing your interest, we have the answers right here.
Does Axis Bank provide home loans at the best rates?
Yes, Axis Bank offers home loans with low-interest rates starting at 8.1 percent.
What is the interest rate on Axis Bank home loans?
For salaried employees, Axis Bank offers home loans at an interest rate starting from 8.1 percent. For self-employed individuals, the interest rate starts from 8.1%.
Does Axis Bank check the CIBIL score for a home loan?
Yes, Axis Bank takes the CIBIL score into consideration for determining the eligibility of and the interest rate that can be offered to the loan applicant.
What is the minimum home loan amount I can get from Axis Bank?
At a minimum, you can avail of a home loan amount of INR 3 lakhs.
Can I take two home loans at a time?
Yes, you can take two home loans at a time, as the government has not specified any rules for the same.
When does the loan repayment period start?
The loan repayment period starts the very next month on the specified date when your requested amount gets disbursed in the associated loan account.
Does Axis Bank have a fixed rate of interest on a home loan?
Axis Bank offers floating as well as fixed interest rates on home loans.
How do I apply for an Axis Bank home loan online?
You can apply for an Axis Bank home loan with utmost ease by visiting the official website and clicking on the home loan section. Go through the said details and click on “Apply Now.” Then, you will have to provide the required details, upload the scanned copies of the mentioned documents and click on submit. Your home loan application will be submitted successfully and a bank executive will reach out to you the next day.
What is Pre-EMI Interest?
A Pre-EMI interest is an interest on a loan amount disbursed by the bank. It is payable every month. It includes the initial date of the loan amount disbursement to the commencement date of the EMIs payment.
How to check home loan status in Axis Bank?
To check the status of your loan application offline, call on the number 1860 419 5555 or visit the branch directly with your query. You can check the status on their website by entering the number and birth details or the application reference number. Axis Bank also provides the freedom to check the application status through net banking.
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