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.
|
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 |
Here are the highlights of Axis bank Super Saver home loan:
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.
Axis bank Super Saver loan amount starts at Rs 50 lacs and goes up to Rs 5 crore.
Axis bank Super Saver home loan interest rates start at 8.35% per annum.
The bank allows borrowers to enjoy flexible repayment period options. Axis bank Super Save home loan repayment tenure ranges up to 20 years.
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.
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.
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 |
Here are the Axis bank home loan eligibility requirements that one must keep up with in order to get the loan easily:
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 |
|
BANKS |
INTEREST RATE |
|
7.75% to 9.40% |
|
|
6.95% onwards |
|
|
6.95% to 7.50% |
|
|
7.40% to 9.70% |
|
|
9.60% to 10.55% |
|
|
7.34% to 8.29% |
|
|
6.95% to 8.05% |
|
|
Starting at 8.71% |
|
|
7.80% to 8.80% |
|
|
9.75% to 10.05% |
|
|
8.55% to 8.655 |
|
|
8.00% to 15.00% |
|
|
6.85% to 7.75% |
|
|
6.85% to 7.755 |
|
|
6.90% to 8.90% |
|
|
7.55% to 8.40% |
|
|
Starting at 7.00% |
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:
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.
You can apply for Axis bank home loan on the offline or online platform. Here is how:
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.
Find below the simple steps to apply for Axis bank Super Saver home loan online:
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
To track your Axis bank Super Saver home loan application, you can use the following methods:
The Axis bank Super Saver home loan interest rate starts at 8.35% per annum.
The processing fee charged by the bank is 1% of the loan amount (or Rs 10000) for home loan.
You can use the following payment channels to repay the loan:
No. Currently, this loan is only available for the resident Indians.
Last Updated on : 04/May/2021Know More About
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
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