Axis Bank Home Loan

Buying a home is a big step, and Axis Bank makes it easier with flexible home loan options. You can get competitive interest rates starting at 8.75% per annum. The bank offers long repayment tenures and special EMI waivers on select loan types. With simple paperwork and fast approvals, it’s easier to plan your dream home without stress. Here’s everything you need to know about Axis Bank Home Loans:

Here are the key details you should know before applying for an Axis Bank Home Loan:

Here are the applicable interest rates, processing fees, and other charges you should know before applying for an Axis Bank Home Loan:

​Understanding the eligibility criteria for an Axis Bank Home Loan is crucial before initiating your application. Here are the key requirements based on your employment type and other factors:​

Salaried Individuals

• You must be a permanent employee of the government or a reputed private sector organisation

• Your age should be between 21 and 60 years at the time of loan maturity

Professionals

• Eligible professionals include doctors, engineers, architects, chartered accountants, and management consultants.​

• Your age should be between 21 and 65 years at the time of loan maturity

Self-employed Individuals

• Any individual filing income tax returns is eligible to apply

• Your age should be between 21 and 65 years at the time of loan maturity

You must be a Resident Indian or a Non-Resident Indian (NRI) to be eligible for the loan.​

The Axis Bank Home Loan EMI Calculator is a useful online tool that helps you estimate your monthly loan repayments before you apply. It gives you a clear understanding of your financial commitment by calculating your EMI based on the loan amount, interest rate, and repayment tenure. The calculator uses the standard EMI formula: 

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where

• P is the loan amount

• R is the monthly interest rate (annual rate divided by 12 and converted to decimal)

• N is the total number of monthly instalments.

For example, if you take a loan of ₹30 Lakhs at an interest rate of 8.75% p.a. for 20 years, the EMI would be approximately ₹ 26,511.32. 

Here is a sample illustration of how your monthly EMI can vary based on different loan amounts and tenures. The EMIs are calculated using the Axis Bank Home Loan EMI Calculator at an interest rate of 6.75% p.a.:

Making the right choices while applying for a home loan can improve your chances of approval and help you avoid costly mistakes. Here are some key do’s and don’ts to keep in mind:

Here’s how you can begin your home loan journey with Axis Bank in just a few simple steps:

1. Visit the official Axis Bank website and navigate to the home loan section

2. Click on ‘Apply Now’

3. If you are an existing customer, log in to your account

4. Fill in your name, email ID, mobile number, city, state, employment type, and any other required details

5. Agree to the terms and conditions and click on ‘Submit’

6. Enter the OTP sent to your registered mobile number for verification

7. A representative from Axis Bank will then get in touch with you to guide you through the next steps via phone or email

Here is a list of documents you will need to keep ready when applying for an Axis Bank Home Loan:

• You must submit a valid identity proof such as your PAN card, passport, voter ID, or Aadhaar card

• Provide address proof like your Aadhaar card, passport, or recent utility bills

• Salaried applicants need to submit salary slips for the past 3 months along with Form 16

• Self-employed individuals must provide income tax returns and bank statements for the last 6 months

• Include employment details such as an employment certificate and the latest income tax returns

• Property-related documents like the sale agreement, title deed, and approved building plan are also required

Axis Bank provides a range of home loan options tailored to different financial and housing needs. Here’s a quick look at the types of home loans you can choose from:

Axis Bank Home Loan

This is the regular home loan option offered to salaried and self-employed individuals. You can borrow up to ₹5 Crores with a choice of fixed or floating interest rates. The tenure goes up to 30 years, giving you ample time to repay your EMIs without financial strain.

QuikPay Home Loan

The QuikPay Home Loan is designed to reduce your EMI burden over time. It allows more of the principal to be repaid in the initial years of the loan. This helps lower your EMI gradually and leads to considerable savings on total interest over the tenure, which can extend up to 30 years.

Shubh Aarambh Home Loan

This option is ideal for smaller loan amounts of up to ₹30 Lakhs. The main feature is an EMI waiver benefit—four EMIs are waived at the end of the 4th, 8th, and 12th year. You must pay your EMIs on time to qualify, and no extra charges apply for the waived payments.

Fast Forward Home Loan

This scheme is suitable for higher loan amounts, up to ₹5 Crores. If you make all EMI payments on time, Axis Bank will waive six EMIs each at the end of the 10th and 15th year. It comes with zero prepayment charges and offers long-term benefits for disciplined borrowers.

Asha Home Loan

The Asha Home Loan caters to individuals and families with modest incomes. You can borrow up to ₹35 Lakhs for a maximum of 30 years. To qualify, your family’s combined monthly income must be at least ₹8,000. It’s a good option for those in semi-urban or rural areas.

Top-up Home Loan

This loan is available to existing Axis Bank home loan customers or those who transfer their loan to the bank. You can get additional financing of up to ₹50 Lakhs on the same property. The funds can be used for medical bills, home repairs, education, or other personal needs.

Super Saver Home Loan

This loan includes an overdraft facility linked to your home loan account. You can borrow up to ₹5 Crores and repay it over a tenure of up to 30 years. Any surplus money deposited into the linked account is adjusted against the outstanding principal, helping reduce your interest burden.

If you need help with your home loan, Axis Bank offers multiple ways to reach their support team. Here’s how you can get in touch:

• Call 1800-209-5577 or 1800-103-5577 for toll-free assistance

• Dial 1860-419-5555 or 1860-500-5555 (standard charges apply) for general queries

• Send ‘Hi’ to 7036165000 on WhatsApp to access banking services

• To check your account balance, send ‘BAL’ from your registered mobile to 56161600 or +91 9951860002

• Visit your nearest Axis Bank branch for in-person support related to your home loan

• For detailed contact options or to raise a concern, visit the official page: Axis Bank Contact Us