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Explore Axis Bank Home Loan interest rates, processing charges, and other fees. Check eligibility terms, required documents, and benefits to see if this is an ideal offering for you.
Buying a home is a big step, and Axis Bank makes it easier with flexible home loan options. You can get up to ₹5 Crores with repayment tenures of up to 30 years. Axis Bank Home Loan interest rates start from 8.35% per annum.
The bank offers long repayment tenures and EMI waivers on select loan types. With simple paperwork requirements and fast approvals, it makes it easier to finance your dream home.
Axis Bank offers home loans at attractive interest rates. Below is a quick overview:
Parameter |
Details |
|---|---|
Loan Amount |
Up to ₹5 Crores |
Loan Tenure |
Up to 30 Years |
Fixed Interest Rate |
14% p.a. |
Floating Interest Rate |
8.35% p.a. to 9.35% p.a. |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Apart from Axis Bank Home Loan interest rates, you also need to consider other applicable fees. Take a look at some of them:
Particulars |
Details |
|---|---|
Processing Fees |
Up to 2% of the loan amount or ₹10,000 (whichever is higher) + GST |
Prepayment Charges (Fixed Rate Loans) |
2% of the outstanding principal/amount prepaid |
Prepayment Charges (Floating Rate Loan) |
Nil |
Repayment Instruction/Instrument Return Charges |
₹339 each time |
Duplicate Statement Issuance Charges |
₹250 each time |
Cheque/Instrument Swap Charges |
₹500 each time |
Duplicate Interest Certificate Issuance Charges |
₹50 each time |
Issuance Charges for Photocopy of Title Documents |
₹500 per document set |
Penal Charges |
8% p.a. over the current interest rate on the overdue amount |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Axis Bank offers home loans with several benefits designed to make home financing flexible. Here are the key features to know:
Axis Bank offers interest rates starting from 8.35% per annum for salaried individuals. The final rate depends on your credit score, income, and loan amount.
You can borrow from ₹3 Lakhs to ₹5 Crores, based on your eligibility as a salaried employee, a working professional, or a self-employed individual. This helps you meet a range of housing finance needs with ease.
You can choose a fixed rate that remains constant or a floating rate that fluctuates with market rates across the tenure.
You do not have to pay a penalty for repaying floating-rate loans early. This helps reduce your interest burden over time.
The maximum tenure is up to 30 years, making your EMIs more affordable. You can choose a shorter term if you wish to repay faster.
Axis Bank processes loan applications quickly with minimal paperwork. This helps you get faster approval and access to funds without delay.
You can transfer your existing home loan to Axis Bank to enjoy better terms. This helps lower your EMIs and save on interest.
Axis Bank provides doorstep service for loan assistance. A bank representative can help with paperwork and guide you through the process at your home.
You can claim tax deductions under Sections 24(b) and 80C of the Income Tax Act. This helps reduce your overall tax burden.
Existing customers can get a top-up loan for personal needs. You may use the funds for home repairs, education, medical expenses, or more.
Understanding your eligibility is crucial before initiating your application to avoid rejection. Here are the key requirements based on your employment and other factors:
Salaried Individuals
Professionals
Self-employed Individuals
Apart from the above, Axis Bank checks the following as per your employment type to assess eligibility:
Documents help prove your eligibility and here is a list of documents you will need to keep ready when applying:
Self-employed: Income Tax Returns (ITR), bank statements (last 6 months)
Salaried: Last 3 months’ salary slips, Form 16
Axis Bank provides a range of options tailored to different financial and housing needs. Here’s a quick look at the types of home loans you can choose from:
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.
This 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.
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. This results in the waiver of 12 EMIs at no additional cost, given you pay all regular EMIs on time.
This scheme is suitable for higher loan amounts of 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.
This loan caters to individuals and families with modest incomes. You can borrow up to ₹30 Lakhs for a maximum of 30 years. To qualify, your family’s combined monthly income must be at least ₹8,000 or above.
Staying regular with your EMIs helps you enjoy 4 EMIs waived at the end of the 4th, 8th, and 12th year at no extra cost.
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. You can use the funds for medical bills, home repairs, education, or other personal needs.
This loan includes an overdraft facility linked to your home loan account. You can borrow a substantial amount and repay it over a tenure of up to 22 years. Any surplus money deposited into the linked account is adjusted against the outstanding principal, helping reduce your interest burden.
Here’s how you can begin your home loan journey with Axis Bank in just a few simple steps:
Visit the official Axis Bank website and navigate to the ‘Explore Products’ tab
Scroll to find ‘Loans’ and click on ‘Home Loan’
Click on the ‘Apply Now’ tab
If you are an existing customer, log in to your account
Fill in your name, email ID, mobile number, city, state, and any other required details
Agree to the terms and conditions and click on ‘Submit’
Enter the OTP sent to your registered mobile number for verification
A representative from Axis Bank will then get in touch with you to guide you through the next steps via phone or email.
Checking the status of your Axis Bank Home Loan is simple and convenient. You can track your loan application or ongoing loan by using the following methods:
Accessing your Axis Bank Home Loan statement is quick and easy. You can view or download your statement using the following methods:
Using the Axis Mobile App
Via Internet Banking
By Contacting Customer Care
Branch Visit
If you need help with your home loan, Axis Bank offers multiple ways to reach its 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
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
Axis Bank offers flexible repayment options to make home loan EMIs convenient for borrowers. You may automate the payment of EMIs by issuing Standing Instructions (SI) to your bank or by issuing a mandate via Electronic Clearing Services (ECS).
In locations where the ECS facility is not available, you can pay EMIs by issuing Post-dated Cheques (PDC).
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Yes, Axis Bank checks your credit report and score as part of the loan approval process. A higher score, usually above 750, improves your chances of getting a loan with better terms. It reflects your creditworthiness and repayment history.
Yes, Axis Bank offers pre-approved home loans to eligible customers with a strong credit profile. These loans are offered based on your credit score, repayment history, and existing relationship with the bank. Pre-approval simplifies the home-buying process by confirming your loan eligibility in advance.
To check your loan status, visit the Axis Bank website and log in to the loan application tracking portal using your application ID and mobile number. You can also contact customer care or visit the nearest branch for an update on your application.
Yes, Axis Bank allows you to switch from a fixed interest rate to a floating rate. However, a conversion fee of 2% on the outstanding loan amount is applicable when making this switch.
Yes, you can apply for an Axis Bank Home Loan online through the official Axis Bank website. The online application process is simple and allows you to fill in your personal, income, and property details with ease.
Once you submit the application form, a bank representative will get in touch to guide you through the next steps. These include document submission and eligibility checks.
Axis Bank charges a processing fee of up to 2% of the loan amount or ₹10,000, whichever is higher. This fee is subject to GST and is payable at the time of loan processing. It helps cover administrative and verification costs incurred by the bank.
Yes, Axis Bank Home Loans are available for both resale and under-construction properties, subject to the borrower's eligibility and the property's suitability.
This depends on the interest rate you have chosen, as outlined below:
The bank typically takes between a few days and a few weeks to process an application after receiving the complete set of documents. The exact timeline depends on verification and property evaluation.
Yes, Axis Bank allows you to apply for joint home loans with family members, which can help increase your eligibility and loan amount.
Yes, Axis Bank offers a balance transfer facility, allowing you to shift your existing home loan from another lender. This may help you enjoy better interest rates and flexible terms.
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