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Axis Bank Home Loan

Realize your dream of homeownership with Axis Bank Home Loans, starting at ₹73 lakh. Enjoy a range of advantages including manageable EMIs, allowing flexible payment over extended tenures, competitive interest rates, a streamlined application process, doorstep service, and more.

Axis Bank
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APPLY FOR HOME LOAN

  • Loan Amount: Up to ₹5 crore
  • Loan Tenure: Up to 30 years
  • Floating Interest Rate: 8.75% to 9.15%
  • Fixed Interest Rate: 14%
  • Processing Fee: Up to 1% of the loan amount + GST (minimum ₹10,000)

FEATURES AND BENEFITS

  • Secure your dream home with our competitive and affordable Home Loan rates.
  • Easily transfer your existing Home Loan to Axis Bank with minimal disruption and hassle.
  • To save you time, we offer the convenience of doorstep service.
  • Make early payments on your loan without any extra charges (applicable to floating rate loans).
  • Benefit from our straightforward and transparent processing for swift loan approval.
  • Choose a repayment plan that suits your financial situation, with the option for smaller EMIs over an extended period.
Axis Bank Home Loan

ELIGIBILITY

For Salaried Individuals
  • Applicants should have a stable job, preferably in government or well-regarded private sectors.
  • Age must be at least 21 and not exceed 65 years or retirement age at the end of the loan term.
  • Necessary documentation includes employment verification and financial stability proofs, which are crucial for application approval.

For Professionals

  • Professionals such as doctors, lawyers, chartered accountants, and management consultants are encouraged to apply.
  • The age range for eligibility is 21 to 65 years.
  • Required documents include professional qualifications and proof of practice to validate credibility and secure repayment structure.

Self-employed Individuals

  • Entrepreneurs and business owners must provide comprehensive documentation, including tax returns to demonstrate steady income.
  • Eligibility requires ages over 21 at the start of the loan and under 65 at its conclusion, supported by a robust financial history.

HOME LOAN BORROWING LIMITS

  • The minimum loan amount offered starts at ₹3 lakh.

MARGINS

Axis Bank sets varied margins based on the Home Loan amounts. For loans up to ₹30 lakh, a 10% margin is required. Loans ranging from ₹30 lakh to ₹75 lakh have a 20% margin, and for loans exceeding ₹75 lakh, a 25% margin is necessary. These margins ensure fiscal responsibility and adapt loan affordability to the borrower’s financial circumstances.

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HOME LOAN FEES AND CHARGES

When applying for a housing loan, you will incur several fees, including:

  • Processing Fee: Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST. An upfront fee of ₹75,000 plus GST is collected at application submission, with any remaining fee due at loan disbursement. This fee is non-refundable and covers the cost of processing the application, regardless of the approval outcome.
  • Prepayment Charges: A penalty applies if you repay the loan before its tenure ends.
  • Conversion Fee: Charged if you switch to a different loan scheme to obtain lower interest rates.
  • Home Insurance: Mandatory for the duration of the loan, with premiums paid directly to the insurance provider.
  • Cheque Dishonour Charges: Levied if your cheque is returned due to insufficient funds.
  • Default Charges: Incurred when EMIs are not paid on time.
  • Change in Loan Term: A nominal fee applies if you alter your loan tenure post-approval.

DO’S AND DON’TS WHILE APPLYING FOR A HOME LOAN

Do's
  • Research thoroughly: Investigate property prices, builder reputation, project clearances, and details of the Home Loan like interest rates and fees.
  • Understand all expenses: Anticipate costs such as down payment, processing fees, stamp duty, and registration fees.
  • Prepare documents: Have necessary documents like salary slips, income tax returns, property agreements, and registration papers ready.
  • Enhance credit history: Build a strong credit score over time to secure better Home Loan terms and lower interest rates.
Don’ts
  • Avoid multiple applications: Applying through various aggregators can portray you as desperate for credit, reducing your approval chances.
  • Limit borrowing: Minimize taking on other debts, such as personal or auto loans, prior to a Home Loan application, as it affects your eligibility.
  • Manage credit card use: Excessive use or delayed payments can harm your credit score and loan eligibility.
  • Opt for manageable loans: Choose a loan amount within your financial means to avoid undue financial burden.

HOME LOAN INTEREST RATES

Achieving the milestone of homeownership is within reach with Axis Bank’s diverse Home Loan offerings. We provide competitive interest rates on housing loans tailored to meet various financial requirements, with available amounts ranging from ₹3 lakh to ₹5 crore. Our Home Loans are crafted to offer financial comfort and peace of mind, helping you unlock the door to your dream home.

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INTEREST RATES ON HOME LOANS

Axis Bank ensures that its Housing Loan interest rates are competitive, making home loans affordable for individuals across various professions.

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CIBIL Score

Salaried

Self-employed

Standard Home Loan Interest Rates

751 and above

8.75% p.a.

9.10% p.a.

No Hit

<700

  
 

700 to 750

  
 

751 and above

  

FIXED HOME LOAN INTEREST RATES

Fixed Rate Loans for Various Home Loan Products: 14.00% p.a.

LOAN AGAINST PROPERTY INTEREST RATES

Interest rates vary depending on the customer’s credit profile and the specific loan product.

HOME LOAN INTEREST RATES, FEES, AND CHARGES

Axis Bank offers Home Loan rates starting at 8.75% for salaried individuals and 9.10% for the self-employed. The bank charges a processing fee of up to 1% of the loan amount, with a minimum fee as stipulated by the bank.

BENEFITS OF HOME LOAN INTEREST RATES

Axis Bank’s Home Loans are tailored to meet your financial goals, featuring:

  • Loans ranging from ₹73 lakh to ₹75 crore for diverse property investments.
  • Flexible EMIs for better financial management.
  • Option to choose between fixed or floating interest rates.
  • Efficient, quick application process for fast approvals.
  • Convenient balance transfer options.
  • Online loan management tools.
  • No prepayment penalties on floating-rate loans.
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SHUBH AARAMBH HOME LOAN

This service offers quick loan approvals with minimal documentation and eligibility for interest subsidy under the Pradhan Mantri Awas Yojana Scheme. Maintain a good repayment record to receive up to 12 EMI waivers. Complete the easy 3-step online application to begin.

Features and Benefits

  • Up to 12 EMIs waived as a reward for consistent repayment, with conditions applied.
  • Loans up to ₹30 lakh available for various housing needs including purchase, construction, or improvement.
  • Transparent terms with no hidden fees and standard interest rates on Shubh Aarambh Home Loans.

Determine Your Eligibility

Transform your vision of a perfect home into reality with the Shubh Aarambh Home Loan! Utilize the Shubh Aarambh Home Loan calculator to estimate the savings you’ll enjoy with 12 EMIs waived. This Home Loan enables you to acquire your desired property, whether it’s under construction, ready for occupancy, a resale, built by yourself, a plot with plans for construction, or an extension to your existing home. Below are the terms, conditions, and eligibility criteria for the Shubh Aarambh Home Loan:

  • Minimum loan tenure of 20 years at the time of loan disbursement.
  • Home loan amounts up to ₹30 lakhs.
  • Must maintain a clean repayment record throughout the loan term, specifically:
    • No more than three instances where dues are pending for over 30 days.
    • Zero instances of dues pending for over 90 days.
  • The Home Loan must be active for a minimum of 48 months from disbursement to qualify for the EMI waiver.
  • Both salaried and self-employed individuals are eligible.
  • No penalties or additional charges should be outstanding; waivers are applied only when all dues are cleared.

Borrowing Limits

  • Minimum Limit: ₹1,00,000
  • Maximum Limit: ₹30,00,000

FAST FORWARD HOME LOAN

Turn your home ownership dreams into reality with the Fast Forward Home Loan, offering swift and straightforward loan disbursements with minimal paperwork. This loan allows you to leverage your combined income to secure the maximum amount for your dream home. Additionally, enjoy a range of perks including 12 EMI waivers for loans serviced for more than 10 years, quick and transparent processing, and doorstep service.

12 EMIs Waived* No Prepayment Penalties* Balance Transfer Facility Minimum Loan Amount: ₹30,00,000

Features and Benefits

  • EMI Waivers: Receive 12 EMI waivers on your home loan without any extra charges, contingent on regular EMI payments. Qualify for a 6-month EMI waiver upon completing 10 years, and another 6-month waiver after 15 years from the initial disbursement. Note: A clean repayment record is required—no more than three instances of dues pending over 30 days and none over 90 days during the loan’s duration. The minimum loan tenure at disbursement should be 20 years, and partial payments are allowed as long as the loan period does not drop below 10 years to qualify for waivers.
  • Select Your Ideal Home: This loan can be applied toward various housing projects such as purchasing under-construction, ready, or resale homes; self-construction; plot plus construction; or home extensions and improvements.
  • Enjoy Additional Benefits Without Extra Costs: Benefit from standard interest rates on Fast Forward Home Loans with no hidden fees.

Determine Your Eligibility for a Fast Forward Home Loan

We offer home loans with competitive interest rates to a broad range of applicants including salaried individuals, self-employed individuals, and professionals. Review the following eligibility criteria before applying for a Fast Forward Home Loan:

  • Eligible applicants: All salaried, self-employed individuals, and professionals.
  • Minimum loan tenure: 20 years at the time of disbursement.
  • Repayment track record: No more than three instances of dues pending for over 30 days, and no instances of dues pending for over 90 days.
  • Active loan period: The loan must be active for at least 120 months from the first disbursement.
  • No outstanding penal interest or other charges at the time of waiver application.

Borrowing Limits

  • Minimum Limit: ₹30,00,000.
  • Maximum Limit: Dependent on combined income.
  • Margin requirements: 20% on home loans from ₹30,00,000 to ₹75,00,000 and 25% on home loans exceeding ₹75,00,000.

Axis Bank Home Loan Benefits

  • Salaried Individuals: Those in permanent service in the Government or reputable companies are eligible. Applicants must be over 21 years old at loan commencement and under 60 or at the age of superannuation, whichever comes first, at loan maturity.
  • Professionals: This category includes doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries, and management consultants. Eligibility extends to those above 21 years of age at the start of the home loan and up to 65 years at maturity.
  • Self-Employed Individuals: Any individual filing income tax returns is eligible. Applicants should be over 21 years old at the start and up to 65 years at the loan’s maturity.

Use our Home Loan Eligibility Calculator to determine your qualification for a loan. Here, you can also find the Home Loan EMI Calculator to estimate your monthly payments.

Home Loan Borrowing Limits:

  • Minimum: ₹3 lakhs
  • Margins: 10% for home loans up to ₹30 Lakhs, 20% for loans above ₹30 Lakhs up to ₹75 Lakhs, and 25% for loans over ₹75 Lakhs.
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ASHA HOME LOAN

Axis Bank’s Asha Home Loan provides a loan amount of up to ₹35 Lakhs at a competitive interest rate. Enjoy numerous benefits, including funding up to 90% of the property’s value, 12 EMIs waived off, extended loan tenures, and loans tailored to your banking habits. Explore the advantages of the Asha Home Loan:

  • 12 EMIs Waived Off*
  • Up to 90% Loan-to-Value (LTV)
  • Minimum Loan Amount: ₹1,00,000
  • Competitive Interest Rates *Terms and conditions apply

Features and Benefits

  • Competitive Interest Rates: Benefit from Asha Home Loans with attractive starting rates of 10.05%.
  • Flexible Property Options: Utilize the Asha Home Loan for various housing needs including purchasing under-construction, ready, or resale homes, as well as for repairs/extensions, self-construction, and plot plus construction.
  • High LTV Financing: Secure a loan covering up to 90% of the property value for loans up to ₹30,00,000.

Eligibility Criteria

Transform your homeownership dreams into reality with the Asha Home Loan. The eligibility requirements and necessary documentation are outlined below:

  • Income Requirements: Minimum combined income of ₹8,000 per month for salaried, professionals, and self-employed individuals.
  • Loan Amounts:
    • Minimum: ₹1 Lakh
    • Maximum: Up to ₹35 Lakh
  • Borrowing Margins: 10% margin on loans up to ₹30 Lakhs

Eligibility Specifics

  • Salaried Individuals:

     

    • Permanent employees in the government or reputable companies are eligible.
    • Applicants must be above 21 years of age at loan commencement and up to 60 or the age of superannuation, whichever is earlier, at loan maturity.
  • Professionals:

     

    • Eligibility includes doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries, and management consultants.
    • Applicants should be above 21 years of age at loan commencement and up to 65 years at loan maturity.
  • Self-Employed Individuals:

     

    • Eligibility open to any individual who files income tax returns.
    • Age criteria are the same as for professionals.

Use our Home Loan Eligibility Calculator to assess your eligibility and check potential EMI amounts with the Home Loan EMI Calculator.

Quick Documentation and Approval: Submit the required documents for a Home Loan or Loan Against Property and receive approval within 5 days!

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SUPER SAVER HOME LOAN

The Super Saver Home Loan from Axis Bank provides a dynamic financing solution designed to minimize the total interest you pay on your home loan. You can deposit any surplus funds into your account, which not only reduces the principal outstanding but also allows you to save on interest costs. These funds remain accessible for withdrawal whenever needed. For more details on the features and benefits of the Super Saver Home Loan, see below.

Key Features

  • Minimum Loan Amount: ₹10 Lakhs
  • No Prepayment Charges
  • Floating Interest Rate
  • Additional Facilities:
    • Cheque Book
    • ATM Card
    • Internet Banking
    • Phone Banking

How It Works

Once your home loan is disbursed, any funds you deposit into the Super Saver account will reduce the principal amount outstanding. Interest is then calculated on the reduced principal. You can withdraw the excess funds at your convenience.

Attractive Interest Rates

We offer competitive interest rates on our Super Saver home loans, ensuring that you not only save on interest by parking excess funds but also enjoy lower costs overall.

Eligibility Criteria 

  • Resident Indian Salaried Individuals:

    • Eligibility includes individuals in permanent service in the government or reputable companies.
    • Applicants should be above 21 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier, at the time of loan maturity.
  • Resident Indian Professionals:

    • Professionals such as doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries, and management consultants are eligible.
    • Applicants must be above 21 years of age at the start and up to 65 years at loan maturity.
  • Resident Indian Self-Employed Individuals:

    • Any individual filing income tax returns can apply.
    • Applicants should be above 21 years of age at loan commencement and up to 65 years at loan maturity.

Loan Borrowing Limits and Margins

  • Minimum loan amount: ₹3 lakhs.
  • Margin requirements: 10% for loans up to ₹30 lakhs, 20% for loans above ₹30 lakhs up to ₹75 lakhs, and 25% for loans over ₹75 lakhs.

Use our Home Loan Eligibility Calculator to determine your eligibility and the Home Loan EMI Calculator to estimate your monthly payments. Submit the necessary documents to get your Home Loan or Loan Against Property sanctioned within 5 days!

Home Loan Interest Rates

Axis Bank provides competitive interest rates on Housing Loans, tailored to ensure affordability for various employment types:

  • Salaried Individuals: 8.75% p.a.
  • Self-Employed Individuals: 9.10% p.a.
  • Credit Score 751 and Above: Rates applicable as per standard terms.
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AXIS BANK HOME LOAN BALANCE TRANSFER

A Home Loan Balance Transfer involves transferring your existing home loan to another lender, potentially securing more favorable terms such as lower interest rates or a longer repayment period, and possibly increasing the loan amount.

Benefits and Features

  • Reduced Interest Rates: Switch your home loan to Axis Bank and enjoy lower interest rates, leading to smaller EMIs and greater savings.
  • Flexible Loan Terms: Customize your home loan’s tenure and terms with Axis Bank’s balance transfer services to suit your financial strategy.
  • Effortless Processing: Experience streamlined processing with minimal documentation and straightforward eligibility criteria.

How Home Loan Balance Transfer Works

  • The new lender pays off your existing home loan.
  • Outstanding balances are settled with your previous lender.
  • Your home loan is officially transferred to the new lender.
  • EMI payments continue with the new lender.

Optimal Timing for a Home Loan Transfer

Consider transferring your home loan to Axis Bank when interest rates become more favorable, especially for floating-rate loans where a rate reduction can substantially decrease your financial burden. This strategic move can significantly reduce the total interest paid over the loan’s life.

An improved credit score or financial standing that enhances your eligibility for better loan terms also justifies considering a transfer. Benefits of a Home Loan Balance Transfer include not only a lower interest rate but potentially an extended repayment period as well.

Be aware of any charges associated with a Home Loan Balance Transfer, and weigh these against the potential savings. Axis Bank also offers the option to top-up your transferred home loan, providing additional funds for various personal financial needs.

Eligibility Criteria

  • Occupation: Open to salaried individuals in both government and private sectors, and professionals such as doctors, engineers, and accountants.
  • Self-Employment: Suitable for self-employed individuals who file Income Tax Returns.
  • Residency: Must be Indian residents.
  • Age Requirement: Between 21 to 60 years for salaried individuals; 21 to 65 years for self-employed individuals.
  • Loan Tenure: May retain original tenure or adjust according to Axis Bank’s policy.
  • Loan Amount: Minimum of ₹3 lakh, maximum based on repayment capacity.
  • Premium Customers: Premium Banking clients of Axis Bank should consult their relationship manager for additional benefits.

TOP-UP LOAN

As a valued Axis Bank home loan customer, you have the opportunity to secure additional financing of up to ₹50 Lakhs through our Top-Up Loan, secured against your property. This flexible loan can be used for a variety of purposes, including construction, personal needs, or business ventures. Explore the features and benefits of our Top-Up Loan.

Key Features

  • Maximum Loan Amount: ₹50,00,000
  • Multipurpose Use: Suitable for various financial needs
  • Competitive Interest Rates: Benefit from low rates to save more

Features and Benefits

Versatile Financing

  • Construction: Approved for both residential and commercial property developments.
  • Personal and Business Needs: Available for personal requirements and business purposes, subject to terms specified in the affidavit.

Restrictions

  • Property Purchase: Not available for the acquisition of additional residential or commercial properties.
  • Usage Limitations: An undertaking is required from the borrower to specify the end-use of the funds, ensuring they are not used for speculation, illegal activities, or litigation.

Convenient Repayment

  • The tenure of the Top-Up Loan aligns with the remaining period of your existing home loan, allowing for streamlined repayment.

Instant Home Loan Top-Up

24×7 Home Loan Top-Up: Should additional needs arise during your loan repayment period—be it for home renovations or unforeseen business expenses—Axis Bank’s 24×7 Home Loan Top-Up allows you to easily access further funds. This service is designed for existing home loan customers and offers an instant digital top-up on your loan, minimizing paperwork and expediting fund availability.

Example Scenario: Imagine you have an ongoing home loan with Axis Bank of ₹50,00,000 at an interest rate of 6.9% over 30 years. With 20 years elapsed, your outstanding balance is ₹28,48,771. If you need funds for home renovation or a sudden business requirement, a top-up loan can be a prudent option. The 24×7 Home Loan Top-Up ensures instant funds availability, along with perks like no pre-payment penalty.

Ease of Repayment: The 24×7 Home Loan Top-Up offers flexibility with no charges on early repayment or making larger part-payments than your structured EMI.

This comprehensive top-up loan service provides a significant financial lever to enhance your property and meet larger life goals without straining your finances.

Features and Benefits

  • Ease of Repayment: The 24×7 Home Loan Top-Up does not incur charges for early loan repayment or for making larger part-payments than the scheduled EMI.
  • Access Funds Anytime, Anywhere: True to its 24×7 promise, the Home Loan Top-Up amount is instantly credited to your bank account following approval.
  • Paperless Application: Applying for the 24×7 Loan is seamless and quick, entirely online, eliminating the need for branch visits and extensive paperwork.
  • Attractive Interest Rates: Enjoy competitive interest rates on your instant top-up loan to efficiently manage your financial needs.
  • Flexible Tenure: Take control of your financial planning with the flexibility to extend your loan repayment across the permissible Home Loan tenure of up to 15 years. This flexibility allows you to tailor your repayment schedule to match your cash flow.

*Note: No charges apply only for loans with a floating interest rate. Instant fund credit occurs after the online application is submitted. The maximum tenure is limited to 15 years or the remaining tenure of the parent home loan, whichever is shorter.

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QUIKPAY HOME LOAN

The QuikPay Home Loan offers a distinctive financing approach designed to prioritize early repayment of the principal amount. This method reduces your monthly installments over time, leading to substantial interest savings throughout the loan duration.

Key Features

  • Early Principal Repayment: A larger portion of the principal is paid off early in the loan tenure.
  • Decreasing Monthly Installments: Each month, your installment amount decreases, easing your interest burden as time progresses.
  • No Prepayment Charges: You can make additional payments without incurring any penalties.
  • Balance Transfer Facility: Option available to transfer your existing home loan balance to take advantage of this repayment structure.

Benefits

  • Interest Savings: With reducing monthly installments, you save more on interest payments compared to standard loan payment structures.
  • Ideal for Evolving Financial Needs: This loan is particularly beneficial for borrowers whose financial responsibilities may grow over time, as it requires lower payments than a traditional home loan as the tenure progresses.

Frequently Asked Questions

What are the eligibility criteria for an Axis Bank Home Loan?

Eligibility for an Axis Bank Home Loan depends on various factors including your age, income, employment status (salaried or self-employed), credit score, and property value. Generally, you must be at least 21 years old at the time of loan commencement and up to 60 years at loan maturity for salaried individuals, or up to 65 years for self-employed individuals.

How do I apply for a Home Loan from Axis Bank?

You can apply for a Home Loan directly online through the Axis Bank website, visit any Axis Bank branch, or contact our customer service. The process involves filling out an application form, submitting required documents such as proof of income, identity, residence, and property documents, and undergoing a credit appraisal.

What types of home loans does Axis Bank offer?

Axis Bank offers various types of home loans including the Standard Home Loan for buying new or existing homes, Top-Up Loans for existing customers, QuikPay Home Loans with decreasing EMI, and Home Loan Balance Transfer for those who want to transfer their existing home loans.

Can I prepay my Axis Bank Home Loan without any charges?

Yes, Axis Bank allows prepayment of home loans without any charges for loans with a floating rate of interest. For fixed-rate loans, a prepayment penalty may apply as per the terms and conditions of the loan agreement.

How long does it take to get a Home Loan approved by Axis Bank?

The approval time can vary depending on the completeness and accuracy of the documents provided and the results of the credit appraisal. Generally, loan approval can take anywhere from a few days to a few weeks after all necessary documents have been submitted.

Home Loan

Home Loan Balance Transfer

Loan Against Property

Personal loan

Office Address

AAP KA BAZAR, GURUGRAM, GURUGRAM, HR-122001

Additional Information

Customer Care Working Hours:

Monday through Saturday,
10:00 A.M. to 6:30 P.M.

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