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Axis Bank Super Saver Home Loan

Axis bank Super Saver home is an incredible scheme under Axis bank home loans that brings you the privilege to save up efficiently on interest rates. In this type of loan, you park the loan amount in your account and only pay interest on the loan amount you use. You can avail the amount ranging from Rs 50 lacs to Rs 5 crore at interest rates starting from 8.35% per annum. The bank lets you avail this loan for up to 20 years of repayment tenure and gives you a room for balance transfer facility. If you want to know everything about this loan in detail then here’s the section for you.

Axis Super Saver Home Loan Interest Rates

Loan Amount

From Rs 50 lacs to 5 crore

Interest Charges

Starts 8.35%  

Processing Fees

1% of loan amount plus applicable charges (or Rs 10,000)

Repayment Tenure 

Up to 20 years 

Prepayment

NIL on loan with floating rates

For loan with fixed rates: 2% of principal outstanding 

Axis Bank Super Saver Home Loan Features & Benefits

Here are the highlights of Axis bank Super Saver home loan:

  • Purpose

Axis bank Super Saver home loan, as the name suggests, allows you to save up on interest charges on home loan. In this loan, you can keep the surplus in your bank account and pay interest only on the amount you use. 

  • Loan Amount

Axis bank Super Saver loan amount starts at Rs 50 lacs and goes up to Rs 5 crore. 

  • Rate of Interest 

Axis bank Super Saver home loan interest rates start at 8.35% per annum. 

  • Loan Repayment Tenure

The bank allows borrowers to enjoy flexible repayment period options. Axis bank Super Save home loan repayment tenure ranges up to 20 years.

  • Balance Transfer

With Axis bank Super Saver home loan balance transfer facility, you can transfer your existing home loan to the Axis bank. This facility makes a good option to save up on interest charges when your existing loan is costing you high interest rates. 

  • Prepayment 

Axis bank allows you to close your home loan early and stop paying the interest charges, provided that there are sufficient funds to close the loan. 

There are no prepayment charges levied on the loan at floating rate. In case of loan at fixed rate, the bank charges 2% of the outstanding principal.

Fee and Charges of AXIS Bank Super Saver Home Loan 

To apply for a super saver 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 super saver home loan i.e processing fee, late payments of EMIs, cheque dishonour charges, prepayment / foreclosure charges etc.

TYPE 

CHARGES

Processing fee 

Upto 1% of the loan amount subject to a minimum of Rs. 10,000/- Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. 

Prepayment charges for floating rate loan

NIL

Prepayment charges for fixed rate loan

2% of amount prepaid

Loan amount 

Minimum Rs.10 lakh 

Maximum Rs.1.5 crore

Penal interest 

24% p.a. or  2% p.m.

Switching fee (floating to fixed rate loan)

1% on the Drawing Power with a min of Rs.10,000/-

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 

Duplicate Pin issuance charges

Rs 100

Duplicate ATM card issuance charges

Rs 150

Account Statement - Duplicate statement from Branch

Rs.50 per statement

Signature Verification Certificate

Rs 100 per verification

DD drawn on Axis Bank branches - Cancellation, Reissuance or Revalidation

Rs.50/- per instance

Eligibility for Axis Bank Super Saver Home Loan

Here are the Axis bank home loan eligibility requirements that one must keep up with in order to get the loan easily:

  • Applicants should be resident Indian.
  • Applicants should be salaried individuals, self employed individuals or a self employed professional.
  • Minimum age of applicants should be at least 21 years at the time of loan application.
  • Maximum  age of salaried applicants should not be more than 60 years at the time of tenure completion.
  • Maximum  age of self employed individuals and professionals should not be more than 65  years at the time of tenure completion.
  • Applicants must have a stable employment and income.

Documents Required for Axis Bank Super Saver Home Loan

Mentioned here are the Axis bank home loan documents that you will be needed  to submit with your loan application:

Documents 

Salaried Applicants

Self Employed Applicants

Identity Proof

Aadhar Card, Voter’s ID Card, Passport, Driving Licence

Aadhar Card, Voter’s ID Card, Passport, Driving Licence

Address Proof

PAN Card,  Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills

PAN Card,  Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills

Income Proof

Salary Slips, Bank Statements, Form 16

Balance sheet and profit and loss account, IT Returns, Business Proof

Other Documents

Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank

Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank

Compare other bank home loan interest rates

BANKS 

INTEREST RATE

AXIS Bank Home Loan

7.75% to 9.40%

SBI Regular Home Loan

6.95% 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

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%

Axis Bank Super Saver Home Loan EMI Calculator 

It is always useful to calculate your payable Axis bank Super Saver home loan EMI amount as it makes you manage your finances accordingly and helps you reconsider the loan repayment tenure. This tool is an incredible way to see the expense of the loan which you will bear every month. 

Here is how you can make use of Axis bank Super Saver home loan calculator:

  • Hop to the official website of Axis bank.
  • Click and expand  the “Loans” list in the “Explore Products” dropdown.
  • Now hit the “Home Loans” option.
  • Move to the “Axis Bank Home Loan EMI Calculator”.
  • Now you need to fill in the fields with the home loan amount, rate of interest that is applicable and loan repayment tenure.

Now you can check the payable Axis bank home loan EMI amount that shows up there.

To generate the results more quickly, it is suggested that you use the BankSathi home loan EMI calculator. This tool will let you calculate the payable Axis bank home loan EMI amount with ease. 

All you have to do is put the amount, interest and tenure in the tool and simply hit the “Calculate” button. Then, you will be able to check not only the monthly but also the annual cost of your home loan.

How to Apply for Axis Bank Super Saver Home Loan?

You can apply for Axis bank home loan on the offline or online platform. Here is how:

  • Apply for Axis bank home loan offline

Reach out to the nearest branch of Axis bank with all the required home loan documents in order to apply for Axis bank Super Saver home loan offline. 

  • Apply for Axis bank home loan online

Find below the simple steps to apply for Axis bank Super Saver home loan online:

  • Hop to the official website of Axis bank.
  • Click and expand  the “Loans” list in the “Explore Products” dropdown.
  • Now hit the “Home Loans” option.
  • Find and tap the “Super Saver Home Loan” option.
  • Click “Apply Online”.
  • Fill in the required information in the loan application form.
  • Submit your loan application.

Axis Bank Home Loan Customer Care Number

Here is the Axis bank Super Saver customer care number which you can dial for further assistance related to the loan:

1 - 860 - 419 - 5555

FAQs On Axis Bank Super Saver Home Loan

Q.1 How to track Axis bank home loan application status?

To track your Axis bank Super Saver home loan application, you can use the following methods:

  • Official website of the Axis bank
  • Contact the Axis bank customer support 
  • Reach out the bank

Q.2 What is the interest rate for Axis Super Saver home loan? 

The Axis bank Super Saver home loan interest rate starts at 8.35% per annum.

Q.3 What is the processing fee for Axis bank Asha Super Saver home loan? 

The processing fee charged by the bank is 1% of the loan amount (or Rs 10000) for home loan.

Q.4 How do I repay my Axis bank home loan EMI?

You can use the following payment channels to repay the loan:

  • Standing Instructions
  • Electronic Clearing Service 
  • Post-Dated Cheques

Q.5 I am an NRI. Can I apply for an Axis bank Super Saver home loan?

No. Currently, this loan is only available for the resident Indians. 

Last Updated on : 04/May/2021

Know More About

Axis Bank Super Saver Home Loan

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

Updated on 25 Nov 2017

Axis Bank Super Saver Home Loan Details
Interest Rate (Monthly reducing balance) 8.15% - 8.3%
Processing Fees Upto 1% of the loan amount subject to a minimum of Rs. 10,000/- Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login.
Loan Tenure 1 year to 22 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