Axis bank top-up home loan comes as a wonderful option for you to avail additional funds over your existing home loan. If you have an existing home loan from Axis bank, then you can apply for a top-up loan that offers an additional amount of up to Rs 50 lacs. This loan features an affordable rate of interest starting from 8.65% per annum and offers repayment tenure the same as the outstanding home loan tenure. If you have an urgent financial requirement to meet then you can take the privilege of your Axis bank home loan and top it up with extra finance.
|
Loan Amount |
up to Rs 50 lacs |
|
Interest Charges |
Starts at 8.65% |
|
Processing Fees |
Up to 1% of the loan amount plus applicable taxes (minimum Rs 10,000) |
|
Tenure |
Same as the outstanding home loan tenure |
|
Prepayment Charges |
NIL on floating rates; 2% of the principal outstanding on fixed rates |
Here are all the important features that define Axis bank top-up loan:
Axis bank top-up home loan helps back your financial requirements to fulfil different personal purposes. Whether there are wedding expenses that you need to meet or an unexpected expenditure of house repairs or renovation has come your way, you can apply for an Axis top-up loan on your existing home loan and solve your problems.
The maximum amount of Axis bank top up home loan you can get is Rs 50 lacs. However, it is your requirements and eligibility profile upon which the bank takes the final call on the Axis bank top-up loan amount.
Axis bank top-up home loan interest rate starts at 8.65% per annum. You must know that the interest charges depend on your profile, repayment tenure and loan amount.
Axis bank top-up home loan repayment tenure is the same as your outstanding home loan repayment tenure.
The lender allows you to make top-up home loan prepayment and part-prepayment. In case of Axis bank top-up home loan prepayment at floating rate, you are not charged any penalty. When it comes to the prepayment at fixed rate, then the bank charges a prepayment fee of 2% of the outstanding principal amount.
You must meet the following Axis bank top-up loan eligibility criteria in order to get the loan successfully:
Here are the Axis bank top-up home loan documents that are required by the bank for home 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 |
|
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% |
You can count on the Axis bank home loan calculator to find the payable amount of Axis bank top-up loan EMI. This tool is a great help in managing your finances in future accordingly, given that it offers calculation of your home loan cost.
Here is how to use Axis bank top-up home loan calculator:
Now you can view the payable Axis bank home loan EMI.
You can also use the BankSathi home loan EMI calculator to find the payable amount of your Axis bank top-up home loan EMI. This calculator will give you the detailed calculation of your home loan cost using which you will be able to plan your budget better and reconsider the loan repayment tenure.
There are two ways to apply for Axis bank top-up home loan- offline and online. Here’s how to do that:
To apply for Axis top-up loan offline, all you need to do is go to the nearest branch of the bank. Carry all the essential documents when visiting the bank branch.
Here are the steps that you need to follow in order to apply for Axis top-up loan online:
After your Axis bank home loan application is submitted, the bank will get to you in order to proceed with the next step.
If you have any other query related to the Axis bank top-up home loan, then you can give a call to the Axis bank customer care and find solutions.
Here are the Axis bank top-up home loan customer care numbers that you can dial:
1 - 860 - 419 - 5555, 1 - 860 - 500- 5555
FAQs On Axis Bank Home Loan
The Axis bank top-up loan interest rate starts at 8.65% per annum.
For prepayment/part-prepayment of loan at floating rate, the bank does not charge any prepayment fees. On the other hand, the bank charges a prepayment fee of 2% of the outstanding principal in case of loan at fixed rate.
You can apply for Axis bank home loan balance transfer online on the official website of the bank or you can visit the nearest bank branch to apply for the loan offline.
The bank charges a processing fee of 1% of the loan amount (subject to minimum of Rs 10,000) on Axis bank home loan.
Here are the Axis bank home loan customer care number that you can dial:
1 - 860 - 419 - 5555, 1 - 860 - 500- 5555
You can avail up to Rs 50 lacs on Axis bank top-up home loan.
Last Updated on : 28/Apr/2021Know More About
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
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