Axis Bank Top Up Home Loan: Interest Rate, Eligibility, Apply Process & Customer Care

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AXIS BANK TOP UP HOME LOAN 

AXIS Bank Top Up 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.

The home loan also known as housing loan is the amount borrowed by the individuals from the financial institutions for a fixed tenure for buying, renovating or constructing a residential property. The property is mortgaged to the land or as a security till the repayment of the loan. In India, owning a house is one of the key signs of success but, for an average Indian, it gets difficult to generate the required income in such a short period of time. 

Top up loans are available to take extra finance upto Rs.50 lakh against the mortgaged of your property. It is used for multiple purposes such as construction of house/ commercial property, for personal requirements and for business purposes. Salaried and self employed are eligible to take a top up loan from AXIS Bank.

Benefits of AXIS Bank Top Up Home Loan :

1. Maximum repayment tenure upto 30  years

2. Available for both salaried and self employment

3. It is used for multiple purposes

4. No prepayment charges allowed

5. Provides an attractive rate of interest starts at 8.90% to 9.15% per annum

6. You can avail extra finance upto Rs.50 lakh 

7. Minimal documentation process

Fee and Charges of AXIS Bank Top Up Home Loan 

To apply for a top up 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 Top Up Home Loan i.e processing fee, late payments of EMIs, cheque dishonour charges, prepayment / foreclosure charges etc.

TYPE 

CHARGES

Processing fee 

1% of the loan amount 

Loan amount 

Minimum Rs.50 lakh

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 

Eligibility Criteria for AXIS Bank Top Up Home Loan 

Before applying for a top up home loan from AXIS bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the AXIS Bank Top Up Home Loan application the salaried and self employed 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.

1. For existing borrowers, loan is taken after 6 months of clear repayments and there should be minimum 1 EMI bounce in last 1 year

2. Home Loan with balance transfer from other bank is approved after checking 1 year clear repayment record and for existing borrowers, 1 EMI bounce in last 1 year

3. Salaried and self employed professional and business men can take this loan

4. Must be a Indian resident and NRIs

Dcuments Required for AXIS Bank Top Up 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.

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 Top Up Home Loans 

There are two ways to apply for a top up 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 “Top Up 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 Top Up Home Loan :

The following formula is used to calculate EMI of Axis Bank Top Up 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 Empower 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 of AXIS Bank top up home loans?

The minimum loan amount is Rs.50 lakh to take a top up loan from Axis Bank.

3. How much repayment tenure is provided by Axis Bank top up home loans?

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

4. How much interest rate is provided by Axis Bank top up home loans?

The interest rate provided by Axis bank for top up home loans starts at 8.90% to 9.15% per annum.

5. How much processing fee charged by Axis Bank top up home loans?

The processing fee charged by Axis Bank top up home loan is Upto 1% of the loan amount.

6. How to apply for an Axis Bank top up home loan?

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

Last Updated on : 22/Aug/2020

Know More About

Axis Bank Topup Loan

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

Updated on 25 Nov 2017

Axis Bank Topup Loan Details
Interest Rate (Monthly reducing balance) 8.9% - 9.15%
Processing Fees up to 1% of loan
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