AXIS Bank Home Loan Interest rates, Processing Fee, EMI Calculator

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AXIS BANK HOME LOAN 

AXIS Bank Home Loan Details 

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.

Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the land or as a security till the repayment of the loan. Here, we talk about all the things above that are quite normal but there is a change in it, now everyone  has to get an education loan with ease..You all think that “how it is possible? To overcome this issue AXIS Bank came with an exciting opportunity i.e. AXIS Bank Home Loan. It provides an attractive interest rate with simple documentation and long repayment tenure. 

Benefits of AXIS Bank Home Loan 

1. Offers home loan starting at Rs.3 lakh

2. Attractive rate of interest starts at 7.75% to 8.55% per annum

3. Easy and quick application process

4. Doorstep services available for the customers

5. Loan available for both salaried and self employed individuals 

6. There is option to choose fixed and floating rate of interest

7. Customers can transfer your home loan from other bank to AXIS Bank at ease

8. Less paperwork

9 . Easy home loan balance transfer

10. Long repayment tenure upto 30 years 

11. AXIS Bank also offers home loan to NRIs

Fee and Charges of AXIS Bank Home Loan 

To apply for a home loan you have to pay fees and charges applied by the AXIS Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from AXIS Bank i.e processing fee, late payments of EMIs, cheque dishonour charges, prepayment / foreclosure charges etc.

TYPE 

CHARGES

Processing fee 

Upto 1% or Minimum Rs.10000 of which Rs.2500 plus GST

Prepayment and foreclosure charges 

0% to 2%

Penal interest 

24% p.a. or  2% p.m.

Switching fee (floating to fixed rate loan)

1% of the outstanding amount with a minimum of Rs.10000

Switching fee (fixed to floating rate loan)

2% of the outstanding principal amount

Repayment instruction / Cheque return charges 

Rs.500 per instance

Cheque swap charges 

Rs.500 per instance

Duplicate statement /  issuance charges 

Rs.250 per instance 

Duplicate amortization schedule issuance charges

Rs.250 per instance

Duplicate interest certificate (provisional / actual) issuance charges

Rs.250 per instance

CERSAI Charges

For loan upto Rs.5 lakh = Rs.50

Foe loan above Rs.5 lakh = Rs.100

Loan cover / Insurance 

Compulsory 

Eligibility Criteria for AXIS Bank Home Loan 

Before applying for a home loan from AXIS bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the AXIS Bank Home Loan application the salaried and self employed individuals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

ELIGIBLE 

Salaried and self employed individuals

AGE 

21 years to 65  years 

NATIONALITY

Indian Resident and NRIs

Documents Required for AXIS Bank Home Loan 

Any applicant who is going to avail a home loan must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of 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.

AXIS Bank Home Loan Schemes :

AXIS Bank quikpay home loan 

AXIS Bank power advantage home loan

AXIS Bank Shubh Aarmabh Home Loan

AXIS Bank Asha Home Loan

AXIS Bank Fast Forward Home loan 

AXIS Bank Empower home loan

AXIS Bank Super saver home loan  

Pradhan mantri awas yojna

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%

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 apply for Axis Bank Home Loans 

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

1. Offline method : By visiting nearest 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

  • After that go to “home loan”

  • Now click on apply now and fill application form 

AXIS Bank Home Loan Customer Care

Contact number : 18604195555 / 18605005555

Email id : loans@axisbank.com

How to calculator EMI of Axis Bank Home Loan :

The following formula is used to calculate EMI of Axis Bank 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 Home Loan Frequently Asked Questions 

1. What is a home loan?

Home loans are offered to individuals who wish to purchase or construct a house. The property is mortgaged to the land or as a security till the repayment of the loan

2. What is the minimum loan amount to take a home loan from Axis Bank?

The minimum loan amount is Rs.3 lakh to take a home loan from Axis Bank.

3. How much repayment tenure is provided by Axis Bank for home loan?

The repayment tenure provided by Axis Bank for home loans is upto 30 years..

4. What is the minimum and maximum age of the customer to apply for a home loan from Axis Bank?

The minimum age is 21 years and maximum age is 65 years to apply for a home loan from Axis Bank.

5. How much interest rate is provided by Axis Bank for home loan?

The interest rate provided by Axis bank for home loan starts at 7.75% to 8.55% per annum.

6. How much processing fee charged by Axis Bank for home loan?

The processing fee charged by Axis Bank home loan is upto 1% or minimum Rs.10000 of which Rs.2500 plus GST.

7. How to apply for an Axis Bank home loan?

You can apply online or offline by visiting the nearest bank branch.

 

Last Updated on : 21/Aug/2020

Know More About

Axis Bank Home Loan

You're eligible for a Axis Bank Home Loan 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 Home Loan Interest Rates

Updated on 25 Nov 2017

Axis Bank Home Loan Details
Interest Rate (Monthly reducing balance) 7.55% - 8.55%
Processing Fees 1% of loan amount Subject to minimum of Rs. 10,000
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