Axis Home Loan

Axis Home Loan @ 8.10% p.a | Learn How to Apply & Check Eligibility Criteria

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.45% Apply Now

Axis Bank Home Loans are affordable, flexible and easy-to-apply. Axis Bank Home Loan interest rates starts at 8.10% per annum. Axis Bank Housing Loan also offers extended loan tenures and EMI waivers.

Axis Home Loan Interest Rates

Take a look at the Axis Bank Home Loan interest rates for different home loans they offer:

Loan	Interest Rate	Loan Amount	Maximum Loan tenure
Axis Bank Home Loan	Interest Rate (floating) For Salaried: 8.10% – 8.45% For Self-employed: 8.20% – 8.55% Interest Rate (fixed): 14%	Rs. 3 Lakhs – Rs. 5 Crores	30 years
QuikPay Home Loan	8.20% onwards	Up to Rs. 5 Crores	30 years
Shubh Aarambh Home Loan	8.20% onwards	Up to Rs. 30 Lakhs	30 years
Fast Forward Home Loan	8.20% onwards	Rs. 30 Lakhs – Rs. 5 Crores	30 years
Asha Home Loan	Interest Rate (salaried): 10.25% – 12.60% Interest Rate (self-employed): 11.30% – 13.00%	Rs. 1 Lakhs – Rs. 35 Lakhs	30 years
Super Saver Home Loan	8..20% onwards	Rs. 10 Lakhs – Rs. 5 Crores	22 years
Power Advantage Home Loan	8..20% onwards	Up to Rs. 5 Crores	30 years
Top-Up Home Loan	8..20% onwards	Up to Rs. 5 Crores	22 years

*Interest rates and charges are subject to market conditions and bank’s discretion.

Also check: home loan interest rate in detail.

Axis Home Loan Fees and Charges

Axis Bank charges certain other fees like processing fees which are charged above and over the loan amount, foreclosure fee to close the loan and prepayment fee for prepaying the loan before the tenure ends. Here are the different charges levied by the Axis Bank when you avail an Axis Bank Home Loan.

Charges	Amount (exclusive of GST)
Processing Charges	Up to 1% of the loan amount, subject to a minimum of Rs. 10,000.
Prepayment Charges	2% of the principal outstanding in case of fixed interest rates.
Valuation fee in Construction Linked Loan cases	24% per annum, 2% per month
Switching Fees	When the effective interest rate is revised, 0.5% of the outstanding principal, with a minimum of Rs. 10,000 should be paid.
Switching Fees for changing from floating rate to fixed rate	1% on the outstanding loan amount
Switching Fees for changing from fixed rate to floating rate	2% on the outstanding loan amount
Cheque Return charges	Rs. 500 each time
Issuance charges for Duplicate Statement	Rs. 250 each time
Swap charges for Cheque/Instrument	Rs. 500 each time
Duplicate interest certificate issuance charges	Rs. 250 each time

Axis Home Loan Eligibility

You have to satisfy the below mentioned eligibility criteria to avail an Axis Bank Home Loan. You can use an Axis Bank Home Loan eligibility calculator to check whether you are eligible or not.

Criteria	For Salaried employees	For Professionals	For Self-employed
Nationality	Resident Indian or NRI
Personals included	A permanent employee in a government or a reputed private sector organisation.	Doctors, engineers, architects, chartered accountants and management consultants	Any person filing income tax returns.
Age	21 - 60 years	21 - 65 years	21 - 65 years

Also Check: Home Loan Eligibility Criteria Details

Axis Home Loan EMI Calculator

You can use the Axis Bank Home Loan EMI Calculator to calculate the monthly EMI you have to pay if you get an Axis Bank Home Loan. You can use the one offered by Bajaj Markets, which is very easy to use. Enter your principal amount, rate of interest and the tenure of your loan in the online axis bank home loan calculator and click on ‘Calculate’. It will display your monthly EMI along with the total interest you have to pay for your home loan and the total amount, including principal amount and interest. Calculating your EMI and comparing it with different home loan schemes offered by various financial institutions before choosing one will help you manage your finances.

Loan amount ( - ) Full Name

Loan Tenure ( - months) Full Name

Rate of interest ( - )% Full Name

** The above charges are excluding taxes
* Placeholder for disclaimers on Interest and Charges page
**These are indicative and subject to change at the discretion of lender/ without prior notice.

Month	Starting Balance	EMI	Interest rate	Principal contribution	Interest contribution	Ending Balance

The table below shows the calculation using the Home Loan Calculator at the various combinations of loan amount and years at the lowest rate of 6.75%.

Loan Amount	EMI for 5 years tenure	EMI for 10 years tenure	EMI for 20 years tenure
Rs. 10 Lakhs	Rs. 19,683	Rs. 11,482	Rs. 7,604
Rs. 20 Lakhs	Rs. 39,367	Rs. 22,965	Rs. 15,207
Rs. 30 Lakhs	Rs. 59,050	Rs. 34,447	Rs. 22,811

How to Apply for Axis Home Loan

You can apply for an Axis Bank Home Loan both online and offline.

1. How to apply for Axis Home Loan online?

Visit the Axis Bank official website and go to the Home Loan section.
Click on ‘APPLY ONLINE’.
If you are an existing customer, log in to your account.
Enter your name, email ID , mobile number, city, state, employment type and other details asked for.
Tick the terms and conditions box and click on ‘SUBMIT’.
Verify your account with the OTP sent to your mobile number.
From there, an Axis Bank professional will guide you through the next stages via phone call or email.

2. How to apply for Axis Home Loan offline?

Locate the nearest Axis Bank branch and meet an Axis Bank executive.
Fill out the relevant form handed over to you carefully.
Carry relevant documents with you.
Submit your application form and the rest of the documents to the bank staff.
The bank staff will verify and check the documents and will help you to complete the Home Loan process.

Documents Required for Axis Home Loan

Here is the complete list of required documents you need to apply for Axis Bank Home Loan:

Mandatory Documents	Application form and PAN Card
Proof of Identity	Passport/Aadhaar Card/Driving Licence/Voter ID/GOI issued Photo ID/Govt Employee ID
Proof of Address	Passport/Aadhaar Card/Driving Licence/Voter ID/Govt Employee ID/Electricity Bill/Gas Bill/Telephone Bill (Landline)/Property Tax Receipt
Date of Birth Proof	Birth Certificate/Aadhaar Card with DOB/SSC Marksheet/Passport
Signature Proof	Passport/PAN Card/Banker's verification
Proof of Income	For Salaried Employees: 3 months pay slip 6 months bank statement showing salary credits 2 yrs Form 16 For Self-employed: 2 yrs ITR Computation of Income Balance sheet with CA seal and sign 6 months bank statements of personal and business accounts Business continuity proof
Property Documents	According to the bank's policy

Axis Home Loan Types

Here’s a quick run-through of the different types of Axis Bank Home Loans.

Axis Bank Home Loan: Home loans of up to Rs. 5 Crores for salaried and self employed Indian customers at attractive fixed and floating interest rates with an extended tenure of 30 years.

Axis Home Loan LTV Ratio:

Home Loan Amount	Property Cost Covered
Loan Amount upto Rs 30 Lakh	Upto 90% of Property Cost
Loan Amount above Rs 30 Lakh - 75 Lakh	Upto 80% of Property Cost
Loan Amount above Rs 75 Lakh	Upto 75% of Property Cost

QuikPay Home Loan: Home loans of up to Rs. 5 Crores with reducing monthly instalments and an extended tenure of 30 years.

QuickPay Home Loan LTV Ratio:

Home Loan Amount	Property Cost Covered
Loan Amount upto Rs 30 Lakh	Upto 90% of Property Cost
Loan Amount above Rs 30 Lakh - 75 Lakh	Upto 80% of Property Cost
Loan Amount above Rs 75 Lakh	Upto 75% of Property Cost

Shubh Aarambh Home Loan: Home loans of up to Rs. 30 Lakhs are offered under this scheme. An added advantage is that twelve EMIs are waived off on regular payments of EMIs. Four EMIs each waived at the end of 4th, 8th and 12th year with no extra costs, zero prepayment charges.

Fast Forward Home Loan: Home loans of up to Rs. 5 Crores are provided. Through this scheme twelve EMIs are waived off on regular payments of EMIs. Six EMIs waived at the end of 10th and 15th year with no extra costs, zero prepayment charges.

Fast Forward Home Loan LTV Ratio:

Home Loan Amount	Property Cost Covered
Loan Amount upto Rs 30 Lakh	Upto 90% of Property Cost
Loan Amount above Rs 30 Lakh - 75 Lakh	Upto 80% of Property Cost
Loan Amount above Rs 75 Lakh	Upto 75% of Property Cost

Asha Home Loan: Home loans of up to Rs. 35 Lakhs for an extended tenure of 30 years are available on a minimum combined family income of Rs. 8000 per month.

LTV Ratio: Loan amount upto Rs 30 Lakh (Upto 90% of Property Cost)

Top-Up Home Loan: Top Up loan for existing Axis Bank Home Loan customers and for Balance Transfer customers. Get additional financing on the same property.

Power Advantage Home Loans: Home loans of up to Rs. 5 Crores with an extended tenure of 30 years.

LTV Ratio:

Home Loan Amount	Property Cost Covered
Loan Amount upto Rs 30 Lakh	Upto 90% of Property Cost
Loan Amount above Rs 30 Lakh - 75 Lakh	Upto 80% of Property Cost
Loan Amount above Rs 75 Lakh	Upto 75% of Property Cost

Axis Home Loan Features & Benefits

Axis Bank Home Loan has different features and benefits that will help bring you one step closer to your dream home.

Competitive interest rates: Axis Bank Home Loan interest rates are comparatively low and start from 8.10% onwards. This varies from person to person and depends on your age, repayment ability, annual income etc.
Option to choose interest rates: As per your preference, you can choose floating interest rate or fixed interest rate as your Axis Bank Home Loan rate. A floating interest rate changes as per the market conditions throughout your loan tenure, whereas the fixed-rate remains the same.
Minimum loan amount: You can opt for a minimum loan amount of Rs. 3 Lakhs and avoid the burden of unnecessary huge EMI payments.
No prepayment charges: There are no extra prepayment charges for your home loan on the floating loan interest rates.
Convenient loan processing: You can have a quick and easy loan disbursement experience with easy documentation procedures.
Balance Home Loan Transfer: You can transfer your existing home loan to Axis Bank to avail low-interest rates and save more money every month by paying low EMIs.

Factors affecting Axis Home Loan Rates

Several factors affect the home loan interest rates. Before you proceed to apply for an Axis Bank Housing Loan, check out the factors that influence the Axis Bank Home Loan interest rate. Some of the factors are:

Principal Amount: Axis Bank Home Loan interest rate depends on the loan amount you avail. The higher the loan amount, the lesser the rate of interest. You can get a home loan at the lowest interest rate if you are an existing customer of Axis Bank. An applicant can opt for a floating interest rate or a fixed interest rate.
Type of Interest: Two types of interest rates are offered for a home loan. They are floating and fixed interest rates. A floating rate of interest changes depending on the RBI’s policy rate changes. The fixed rate will have the same rate of interest fixed at the time of the approval of the loan and will continue until the end of the tenure. There are no prepayment and part payment charges on floating interest.
Down Payment: When you take a home loan, a certain percentage of the property value must be paid as down payment. If the down payment you make is larger, then the loan amount required and the risk of the lender will be much lesser. As a result, you will pay lower EMI on the housing loan.
Credit Score: To get an Axis Bank Home Loan, your credit score should be good. The bank will check the credit score before approving the loan and disbursing the loan amount. The higher the credit score, the better is the Axis Bank Home Loan interest rate.

Axis Home Loan Customer Care

You can contact the Axis Bank’s customer care for any queries related to Axis Bank Home Loan through the toll-free number 18604195555 or 18605005555. NRI customers can contact Axis Bank through the customer care number 912267987700. Axis Bank Home Loan complaints can be addressed to their head office as well. The head office address is listed as follows:

Axis Bank Limited, ‘Axis House’, C-2 Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400 025

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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Axis Home Loan FAQs

Yes, you can apply for an Axis Home Loan online.

The processing fees for Axis Home Loans is up to 1% of the loan amount, subject to a minimum of Rs. 10,000.

Yes, Axis Bank gives pre-approved home loans.

The maximum limit of an Axis Home Loan is Rs. 5 Crores.

With the Axis Bank Application Tracker, you can track the status of the Axis Home Loan you have applied for. Just type in your details and get your status.

Yes, Axis Bank checks CIBIL score for home loans.

The maximum loan tenure you can opt for under Axis House Loan is 30 years.

Yes, you can transfer your existing house loan from another bank to Axis Bank.

If your spouse is a co-owner of the property, you can club the income of your spouse with yours and apply for Axis Bank Joint Home Loan.