AXIS Bank Fast Forward Home Loans Interest Rates, EMI Calculator

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AXIS BANK FAST FORWARD HOME LOAN

About AXIS Bank :

AXIS Bank was one of the few private banks to have begun operations in 1994, after the government of India allowed new private banks to be established . They have established 2400 branches and more than 12922 ATMs.

AXIS Bank Fast Forward Home Loans :

Make your dream of owning a home a reality with Axis Bank Fast Forward Home Loan. With Axis bank Fast Forward Home Loan, you can get benefits of your mutual income to avail the maximum loan amount for our dream home. In Fast Forward Home Loan you get quick disbursal with minimal documentations. It also provides EMI waiver for 12 EMIs for loan life of beyond 10 years along with zero processing charge. 

Benefits of Axis Bank Fast Forward Home Loan :

1. Balance transfer facility

2. Transfer existing loan to Axis Bank without any hassle

3. Minimum and less paperwork

4. Quick and easy loan disbursal

5. Avail maximum loan amount

6. No prepayment charges

Fees and charges of Axis Bank Fast Forward Home Loan :

TYPE

CHARGES

Processing charges

1% of the loan amount that has been availed up to a maximum of Rs.10,000.

Penal Interest Rate

2% on a monthly basis

Issuing a duplicate statement

Rs.250 for every instance

Charges for cheque return

Rs.500 for every instance

Issuing of credit report

Rs.50 for every instance

Prepayment charges

Nil

Issuing a photocopy of the title documents

Rs.250 for a set of documents

Charges for copy of the documents

Rs.250 for a set of documents

Instrument or Cheque swap charges

Rs.500

Issuance of duplicate NOC

For every instance of NOC, Rs.500 plus GST is charged

Documents Required for Axis Bank Asha Home Loan :

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Eligibility Criteria for Axis Bank Fast Forward Home Loan :

  • All salaried, self-employed and professionals are eligible for the Fast Forward Home Loan

  • The home loan borrowing limit is minimum 3 lakh

  • Minimum home loan tenure of 20 years at the time of disbursement

  • The margin of fast forward home loan = upto Rs.30 lakh is 10%, above Rs.30 lakh upto Rs.75 lakh is 20% and above Rs.75 lakh is 25%

  • No amount must be pending for a duration of 30 days or more for a maximum of three instances

  • Home Loan should be live for the minimum stipulated period of 120 months from 1st disbursement

  • No penal interest/other charges to be due from borrower at the time of waiver

Why to choose Axis Bank Fast Forward Home Loan?

  • In case payments are made on a regular basis, 12 EMIs will be waived off. No extra charges are levied for waiving the EMIs. Individuals are eligible for 6 EMI waivers after the completion of 10 years and another 6 EMIs after the completion of 15 years.

  • No hidden charges are levied, and the interest rates will be standard.

  • The home loan can be availed at the comfort of an individual’s office or home.

  • The loan can be used to purchase an already constructed house, to build a house, for self-construction, for the purchase of a plot and construction of the house, and the improvement of the house.

  • No charges are levied in case of prepayment or foreclosure of the loan before the maturity period. However, foreclosure is not allowed before the completion of 10 years from the time of the first disbursement.

Compare other bank home loan interest rates :

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

How to apply for Axis Bank Fast Forward Home loan :

There are two ways to apply for fast forward home loans from Axis Bank 

1. Offline Method : By visiting the bank branch

2. Online Method :

  • First of all first visit to official website of Axis bank

  • In retail section go to the “loans”

  • Now click in home loan

  • Now  go to “Fast Forward home loan”

  • Now click on apply now and fill application form 

Other products of AXIS Bank :

1. AXIS Bank Education Loan

2. AXIS Bank Holiday Loan

3. AXIS Bank Home Loan

4. AXIS Bank Personal Loan 

How to contact with AXIS Bank :

1. By customer care contact number : 18604195555 / 18605005555

2. By customer care email id : loans@axisbank.com

How to calculator EMI of Axis Bank Fast Forward Home Loan :

The following formula is used to calculate EMI of Axis Bank Fast Forward Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Axis Bank Fast Forward Home Loan Frequently Asked Questions :

1. What is the minimum loan amount of Axis Bank Fast Forward Home Loan?

The minimum loan amount of Axis Bank Fast Forward Home Loan is Rs.30 lakh and the maximum limit is dependent on the joint income of the co-applicants.

2. How much minimum and maximum age of the customer is required to get a fast forward home loan from Axis Bank?

The minimum age of the salaried individuals is 21 years to 60 years and for self employed / professionals is 21 years to 65 years age is required to get a fast forward home loan from Axis Bank.

3. Is, there any prepayment charges applied to get a Fast forward home loan from Axis Bank?

No hidden charges are applied to get a fast forward home loan from Axis bank.

4. What is the maximum tenure period provided by Axis bank to get a fast forward home loan?

The maximum tenure period provided by Axis bank is 20 years to get a fast forward home loan.

5. Who is eligible to get a fast forward home loan from Axis Bank?

The salaried person, self employed individuals and and self employed professionals are eligible to get a fast forward home loan from Axis Bank.

Last Updated on : 17/Aug/2020

Know More About

Axis Bank Fast Forward Home Loans

You're eligible for a Axis Bank Fast Forward Home Loans if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Axis Bank Fast Forward Home Loans Interest Rates

Updated on 25 Nov 2017

Axis Bank Fast Forward Home Loans Details
Interest Rate (Monthly reducing balance) 7.75% - 0%
Processing Fees 1% of the loan amount that has been availed upto a maximum of Rs.10000
Loan Tenure 1 year to 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959