Home loans give the relief of financial blockage, no matter when you look forward to purchasing, constructing or renovating your house. Switch to housing loan at affordable rates.
Home Loan Features & Benefits
- You can this facility for purchasing of raw house & flat
- Most affordable home loans for salaried & self-employed
- You can avail home construction loan for a leasehold/freehold plot
- Repay your loan over a longer tenure
- AXIS Home Loan offers lowest interest rates
- Apply for home loan via online or offline
- Flexible Tenure range available
- Make easy EMI payment by online or offline
Axis Bank Various types of Home Loans
You can enjoy attractive interest rates with adjustable tenure.This type of loan can be availed by resident of India and NRI for both salaried & self-employed.Get up to 5 Crore for longer tenure period. Axis Bank Home Loan Interest Rates are more affordable.
Axis Fast Forward Home Loan: -
One of the most preference scheme by customers, if case you had done payment on regular basis without any default mark. Then your 12 months EMI would be waived off, not only that no extra charges will be imposed on your waived EMI’s, similar after the completion of 10 years of tenure your EMI will waived off for the next 6 months as same after the 15 years of completion. In this facility you can avail min to max loan amount of 30 lakh to 5 crores.
Axis Quick Pay Home Loan: -
This type of loan enables you to get ideal financing solution to repay your higher principal (loan amount) in earlier time period (tenure). Avail up to 5 Crore of loan amount for maximum 30 years tenure.
Axis Asha Home Loan:-
Its specially designed scheme for low & middle-class family, individual who wishes to buy their first new home at affordable rate of interest. Under Asha home loan scheme, you can avail 90% of home value as a loan amount. Min as 1 lakh & max as 35 lakhs can availed under this scheme.
Also Read:-What is Loan Against Property
Axis Shubh Aarambh Home Loan:-
This facility allows you to get rid of interest subsidy on qualifying Pradhan Mantri Awas Yojana scheme. If you qualify, then EMI will be waived for 12 months for applicant who had clean & clear repayment history. You can avail 30 lakh of loan amount through shubh arambh home loan.
Axis Top-Up Home Loan:-
Only existing customers can take advantage of the top-up home loan facility, you can get an additional loan amount on your already pledged property, or you can balance transfer your existing home loan to another bank to lower your current rate of interest. The maximum loan amount would be 50 lakh & tenure remain the same.
Axis Pradhan Mantri Awas Yojana:-
This mission has been launched on 25th June 2015 for aiding lower- & middle-income groups to avail home loans with subsidies.
Lower Income Group- Interest subsidy with credit linked subsidy both will be provided for construction, Acquisition of home.
Middle Income Group- Interest subsidy will be provided for construction & Acquisition of home.
Axis Power Advantage Home Loans:-
This is a newly introduced scheme by Axis Bank which offers home loans for fixed interest rates for the first 2 years there that, floating interest will be charged. This means you can decide the time frame to repay the loan. The maximum tenure period will be 30 years.
Axis Super Saver Home Loan:-
It allows you to get sanction as an overdraft to your linked current account, overdraft facility would be reduced each & every month to an extension of the principal amount so that it becomes zero at the completion of the tenure period. Therefore, it led you to save total interest payable as it calculates on your withdrawal basis.
Also Read:-MSME Loan Scheme
List of Axis Bank Home Loan Scheme
Salaried Interest Rates
Self-Employed Interest Rates
|Axis Bank Home Loan||Min – 6.90% - Max- 8.40% p.a||Min – 7.90% - Max- 8.55% p.a|
Axis Fast Forward Home Loan
|Min – 7.75% - Max- 8.25% p.a||Min – 8.90% - Max- 9.15% p.a|
|Axis Quick Pay Home Loan||Min – 7.95% - Max- 8.40% p.a||Min – 9.15% - Max- 9.40% p.a|
|Axis Asha Home Loan||Min – 10.00% - Max- 11.00% p.a||Min – 10.30% - Max- 11.50% p.a|
|Axis Shubh Aarambh Home Loan||
Min – 7.75% - Max- 8.25% p.a
|Min – 8.10% - Max- 9.00% p.a|
|Axis Top-Up Home Loan||Min – 7.50% - Max- 8.40% p.a||Min – 8.90% - Max- 9.50% p.a|
|Axis Pradhan Mantri Awas Yojana||Min – 8.00% - Max- 8.40% p.a||Min – 8.10% - Max- 8.50% p.a|
|Axis Pradhan Mantri Awas Yojana||Min – 8.00% - Max- 8.40% p.a||
Min – 8.10% - Max- 8.50% p.a
|Axis Power Advantage Home Loan||
Min –8.00% - Max- 8.40% p.a
|Min – 9.00% - Max- 9.30% p.a|
|Axis Super Saver Home Loan||Min – 8.10% - Max- 8.40% p.a||Min – 9.15% - Max- 9.35% p.a|
Axis Bank Home Loan Rate of Interest & Processing Fees
|Processing Fees||Up to 1% or minimum Rs. 10,000/-|
|Interest Rate||6.90% - 8.40% p.a.|
|Maximum Tenure||30 years|
Type of Other Charges by Axis Bank Home Loan
Penal Interest Rate:- 24% per annum & 2% per month
Switching interest:– Floating interest to fixed interest rates are 1% on outstanding principal amount.
In case of cheque return:- 500 will be charged for each cheque return.
Duplicate Statement Issuance:- 250 will be charged each duplicate statement.
Duplicate Amortization Schedule Issuance:- 250 will be charged each duplicate schedule statement.
Copies of Title Documents:- 500 will be charged for set of title docs.
Cheque swapping:- 500 will be charged for each cheque swapping.
Duplicate Interest Certificate Issuance: - 250 will be charged each duplicate interest certificate issuance.
Credit Report Issuance: - 50 will be charged for each credit issuance.
Prepayment including Part-Prepayment for Floating Rate of Interest: - Nil
Prepayment Charges for Fixed Rate of Interest: - 2% will be charged on your outstanding principal amount.
Axis Bank Home Loan Eligibility
It offers a wide range of benefits, but you need to ensure that you meet Axis home loan eligibility criteria before applying for a loan to avoid any kind of loan proposal rejection.
|Age||21 – 60 years|
|Employment Type||Salaried and Self-employed professional and non-professional|
|Minimum Salary for Salaried||Rs.25,000 per month|
|Minimum Salary for Non-Salaried||Rs.2 lakh per annum|
Axis Bank Home Loan Eligibility Criteria for Salaried:-
- Applicant must be a resident of India
- Applicant age should be in between 21 to 60 years
- Minimum 2 years of work experience
Axis Bank Home Loan Eligibility Criteria for Professional:-
- Applicant age should be in-between 21 – 65 years
- Doctor, CA, Architect, Lawyers, Consultant, Engineer & CS can apply for Home Loan on Professional category.
AXIS Bank Home Loan Eligibility Criteria for Self-Employed: -
- Any individual filing income tax returns are eligible
- Maintain good financial records
- Minimum 3 years of existing business
Axis Home Loan KYC documents- Identity & Address proof
Proof of Identity:
Both salaried & self-employed need to provide any one of the following as identity proof.
- PAN Card
- Aadhaar Card
- Driving License
- Election/ Voter ID Card
Proof of Residence:
Provide any of the following documents as address proof:
- PAN Card
- Aadhaar Card
- Driving License
- Election/ Voter’s ID Card
- Property/ Municipal Tax receipt
- Letter issued by National Population Register (NPR) mentioning details of name & address.
- Bank Account or Post Office Savings Bank Account statement
- Individual/ family pension payment order issued to retired employees by any Government Departments/ PSUs, containing an address.
- Latest Utility bill (electricity, telephone, piped gas, water bill, post-paid mobile phone)
- Salaried Individuals:
- Salary slips of last 3 months
- Bank statements stating salary credits for the last 6 months
- Latest Salary Slip/ Salary Certificate of the current date
- Latest Form 16 and ITR
- Self-employed individuals:
- Both for an individual as well as a business entity: ITR along with the computation of income for the past 3 Assessment Years, duly attested by CA.
- Balance Sheet and Profit & Loss Account Statements of the last 3 years, with Annexures / Schedules (of individual and business entity both), attested by a CA.
- Current Account Statements of the last 6 months of business entity and Savings Account Statements of last the 6 months of the individual.
How to apply for Axis Home Loan Online?
Step 1 - You can apply for an Axis Bank home loan by visiting their website axis bank.com or visiting the nearest Axis branch bank.
Step 2 - Before that check, your eligibility criteria meet well or not from your end to avoid loan rejection. If yes you may download home loan application form online or collect it from the nearest branch bank.
Step 3- Fill in the required details of your personal & occupational & attach KYC & mandatory documents.
Note: - Check twice before submitting the loan application.
Step 4 – Once your loan application is approved then, you will need to provide property documents upon which you are taking the loan for further legal review & evaluation of property.
Step 5 – After evaluation done on property, shortly your loan approval takes place where your loan sanctioned then, loan amount will be credited to your respective account.
Also Read:- SBI Personal Loan
Axis Home Loan FAQ
How to pay Axis Bank Home Loan Online?
You can easily pay your Axis Bank Home loan dues by online:-
- Click on this https://easypay.axisbank.co.in/easyPay/makePayment?mid=Mzk3OTA%3D
- Now enter Loan Account no, Date of birth & enter your mobile number then click on validate.
- Now enter the due amount to pay & choose bank account details, UPI for making payment online.
How to check my Home Loan Status in Axis Bank?
Get it tough section on the top right corner of the site is available, just dropdown menu & click on support.
Now multiple features will appear, you need to click on track your application box.
Now you will be able to see the check loan application form.
Finally, you need to enter your Application ID, DOB & Enter Captcha.
Your application status will appear just below the details.
How to get a top-up Home Loan in Axis Bank?
If you have an existing home loan, then you can apply for the top-up loan on same property at attractive interest rates through axis bank for more benefits.
How to apply for Home loan in Axis Bank?
You can appl for a homey loan in axis bank as it’s a seamless process, visit their website, & click on the home loan product then apply now with the required details.
How to do prepayment of Axis Bank Home Loan?
You can do prepayment of axis bank home loan just by visiting your nearest Axis Bank branch.
What to use Axis Bank Home Loan Calculator?
Using an axis bank home loan calculator allows you to in-build financial management more Stonger than before, just by entering the loan amount, interest rates & tenure period it gives you a whole chart of EMI schedule.
What is the Home Loan Interest Rate in Axis Bank?
Axis bank home loan rate is the most affordable one 6.90% Onwards with more benefits features are available.
Is Axis Bank good for a Home Loan?
Undoubtedly, you can trust them as axis bank is one such top-listed private bank in India with various branches over multiple cities. Axis Bank home loan offer both fixed interest & floating interest rates with flexible tenure.
How to Register Axis Bank Home Loan Account Online?
Visit Axis Bank official website & click the register option
Now fill up the required details for registration & make sure account details are ready in hands to submit.
Once done, your customer ID becomes a Login ID.
How to Check Axis Bank Home Loan Status?
Checking Axis Bank's Home Loan status online is much easier than visiting a bank & requesting a status check. Just click this
link https://www.axisbiconnect.co.in/axisbankloanstatusenquiry/web/retail/getloanaccountnumber.aspx & Enter your application ID & DOB to get checked your application status.
How to pay Axis Bank Home Loan part payment Online?
No, at present there is no such facility to make part payment online, therefore you will be required to reach your nearest axis branch bank for that of transaction.
How to download Axis Bank Home Loan Statement Online?
You can download Axis Bank's Home Loan statements via online just by placing a request in their web official portal or mail them from your registered email to firstname.lastname@example.org regarding share statements online.
AXIS Bank Home Loan Customer Care Toll-Free Number
You can directly visit AXIS Site & fill in basic details to continue an online chat
You can directly contact, just give a miss call to 1860-419-5555
Call either 1860-500-5555 or 1860-419-5555.
For Axis Bank NRI Banking Number:-
USA- +1 1855 205 5577
Saudi Arabia - +966 800 850 0000
UK - +44 0808 178 5040
UAE- 971 8000 3570 3218
Singapore - 800 1206 355
Qatar - +974 00 800 100 348
Canada - +1 1855 436 0726
Australia- +61 1800 153 861
(Non - Toll Free) +91 40 67174100
Apply Now:-Bank Guarantee