Axis Bank Home Loan

Axis Bank Home Loan
 3.5 / 5.0   by 395 users
Used this product? Write a review >>

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Axis Bank offers home loans with great features and benefits like: attractive housing finance rates, balance transfer facility, doorstep service, nil prepayment charges and quick and transparent processing. You can find your eligibility for an Axis Bank home loan by filling in a short form. Axis Bank also offers eligible customers instant e-approval on home loan applications on BankBazaar.com. View details below.


You’re probably eligible for an Axis Bank Home Loan if you are

01
02
03
04
Axis Bank Home Loan Minimum Age

At least 24 years old

 Axis Bank Home Loan Maximum Age

Less than 65 years old

Axis Bank Home Loan Eligible Employment Type

Salaried / Self-employed
with regular income

Axis Bank Home Loan Minimum Income

Earn more than the minimum
income required


Your Axis Bank Home Loan amount eligibility is based on these factors

01
02
03
Axis Bank Home Loan Minimum Salary

EMI limited to about 50%
of monthly income

Axis Bank Home Loan Maximum Loan to property value

Loan capped @ 85% of property value

Axis Bank Home Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible Axis Bank Home Loan amount by these steps

01
02
03
Axis Bank Home Loan Add Spouse as Co-applicant

Make your spouse a co-applicant,
and her income will add
to your eligibility

Axis Bank Home Loan Maximum Tenure

Choose longer tenure loan up to 30 years

Axis Bank Home Loan Add parents as Co-applicant

Alternatively add your parents


Documentation needed to apply for an Axis Bank Home Loan

  • 1. Signed application form with photograph
  • 2. ID and residence proof
  • 3. Processing fee cheque
  • 4. Last 6 months bank statements
  • 5. Documentation for salaried applicants:
    • Last 3 months salary-slips
    • Form 16 along with recent salary certificate
  • 6. Documentation for self-employed applicants:

    • Last 2 years Income Tax Returns
    • Last 2 years computation of income

Axis Bank Home Loan Interest RatesUpdated on 23 Aug 2014

Axis Bank Home Loan Details
Interest Rate (Monthly reducing balance) 10.25% to 11.00%
Processing Fees 0.25% to 0.50% of the loan amount or Rs.5,000 whichever is maximum
Loan Tenure 1 year to 30 years
Partial pre-payment Charges Nil
Pre-closure Charges Nil
"

Overview

Buying a home at the time of a financial crunch is one of the biggest concerns of the Indian middle class. However, with different types of home loans available in the market, it has become quite easy for people to buy their dream home.


Home Loans from Axis Bank

Axis Bank has always been known for its commitment to its customers. Hence, the home loan provided by Axis Bank is also known for its feasibility and different benefits. The maximum repayment period for an Axis bank home loan is 30 years.


The limits on the loan amount are as follows:


S.No. Loan Amount Margin
1. Minimum - Rs.3 Lakhs -
2. For Loan up to Rs. 20 Lakhs 15%
3. For Loan above Rs. 20 Lakhs to up to Rs. 75 Lakhs 20%
4. For Loan above Rs.75 Lakhs 25%

The documents required for applying for the loan are:


  • Properly filled application form with photograph.

  • ID proof, address and residence proof.

  • Income proof (for self employed copy of ITR for last 2 years and CA certification of last 2 years income and if salaried then Form 16 with a recent salary certificate or last salary slip, showing all deductions done).

  • Last 6 months bank statement.

Although a guarantor is not required for home loans, in some cases the bank may need a guarantor form to be signed.

The disbursement of the loan is done in installments after judging the amount of funds needed along with the progress of the construction. The disbursement can be done to the supplier of materials or builder or seller of property or local development authority.


Why apply for an Axis Bank home loan through BankBazaar?

Any customer can apply for an Axis bank home loan through BankBazaar. Being one the leading websites, BankBazaar is associated with the major players in the banking sector. The customer can easily compare the interest rates and different schemes available while looking for an Axis bank home loan on BankBazaar. Apart from this, it also saves a lot of time for the customer as he/she is able to get the required information with the click of a few buttons. Prospective home loan customers can easily check their eligibility and monthly EMI through the home loan EMI calculator on BankBazaar.


Features of Axis Bank Home Loan

  • Balance Transfer: For any existing home loan customer, Axis bank provides the facility of balance transfer. Be it any bank, Axis bank will readily accept the transfer after the necessary formalities have been completed.

  • Attractive Interest Rates: The interest rate on Axis bank home loans is comparatively low in the market. This ensures that the customer has more to save even after paying the monthly EMIs. Depending on the loan amount, the rate varies from 10.25% to 10.75% p.a.

  • Service on the Doorstep: Most of the times, the working class does not have time to visit the branch to inquire about a home loan. Understanding this issue, Axis Bank provides the facility of doorstep service, wherein a loan executive will visit your house at a convenient time given by you.

  • Flexibility Interest Rates: For any person who understands the financial market, Axis Bank provides the facility of choosing between floating and fixing rates. The customer can easily choose any one, depending on the movement of the interest rates in the market.

  • Hassle free Documentation: The biggest fear among any loan applicant is the documentation involved in the procedure. However, this is one of the easiest parts of availing an Axis Bank home loan as there is very less documentation involved. The processing of the loan also does not take much time, which ensures better satisfaction.

Eligibility

The eligibility criterion for Axis bank home loan is based on income and age. For salaried persons, they should be working in a reputed firm or government organization. In the case of self employed, any person filing ITRs for the past 2 years can apply. The age for all individual applying should be above 24 years and less than 60 years for salaried and 65 years for professionals (doctors, CAs, management consultants) and self employed.



Home Loans from Top Banks
Home Loans in Top Cities
Home Loan by Bank
Home Loan by City

News about Axis Bank Home Loan


Axis Bank Home Loan Reviews

77 % of our customers would recommend this bank. (306 out of 395) Write Review
Customer Reviews
Page 1 of 20 1 2 3 4 5
  • Validated User
    (0)

    The overall experience with the Axis Bank when i applied for the Housing loan it was good, the support from the customer service executive was very positive and he helped me out in competing the whole process of the application. I got the loan amount sanction with in four to five days.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    i did not go for Axis Home loan its fine and quite ok and I have taken a loan with SBI as it is a Government Bank they are providing good interest rates bank and that why i taken loan with SBI they would have provided a better rate of interest dats about it

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    The offer was better at SBI. Nothing much I can say about Axis Bank Home loan. I contacted HSBC, HDFC and CITI Bank and all the other banks as well. I would rate them average response was good in the beginning and that is why i have rated them as 2.5, but offering is not so good.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis Bank Home Loan prompt response, it was fast with in 5 days i got the approval, they took 11000/- documentation and for interest rate was 8.25% it was less when compare to other banks, charges are same as other banks, interest rate was related to RBI so it was good.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis Bank Home Loan The executive told about few things at last moment like insurance policy and other details they should inform this earlier and made compulsory, the amount disbursed part all went as what they said, interest rate 10.25% my sister is working their so i have some benefit, documents i submit quick so they work accordingly loan approval done 10 days.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis Bank Home Loan good response from them, service is good, immediate response, i got loan approval in 7 days, interest rate was normal as same as other banks only .05% is high, documentation was easy, the staff and came to my place and collected the documents i am happy with service.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    In 2011 I have availed a home loan from AXIS bank. Actually through the builder I contacted AXIS bank for a home loan. Documentation was completed at my door step and the loan was sanctioned after 3 to 4 days of processing. After applying some discount the rate of interest offered to me was 10.25% which is the lowest of any other banks. Only concern is there is no option to manage the loan account online through net banking.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I don't know what is the AXIS bank reason it got closed . Response was not good. The representative was said something else at the end it was totally opposite. Eventually they didn't put the final effort. There should be more proper communication. They need to do homework first that eventually caused customer. They need to check all the information before they are going to tell . They told 21 lakhs and loan got cancelled then they finally told 13 lakhs which 10 lakhs drastically reduced. They offered me 10.25% interest rate as per the market rate for home loan.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    AXIS bank were offering higher interest rates to me when I applied home loan. So that is the primary reasons . And the people who were following very basic who just collecting.They should be more transparent and the people should inform the basic information what they had if not they should have some product knowledge.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Overall experience was good with AXIS bank whereas I closed this home loan with them. Because of the personal reasons I closed . Overall it was good in terms of the customer service and response was good. They offered me 10.5 % as interest rate.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Customer service was good in AXIS bank home loan. Basically the property was not in my native . So somewhere it got closed between me and bank side. I had the idea in future probable I will look into it. Proper follow ups . Interest rates are 10.27% I have got . No suggestions for them to improve as specific.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Telling frankly AXIS bank are calling several times unfortunately I selected proper land which needs to be changed for my home loan. So I closed the deal. They enquired the details they told to submit the documentation . I am not went deeply over the interest rates. As of now I can tell them they are good. I am sure about the approach was very good.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I didn't go through all the home loan process completly if then I will share the feedback. I got a call from AXIS and HDFC bank finally I choosed AXIS bank . I only closed the deal they have given me all the interest rates I was not sure about my plan and also I didnt finalise still I was not in town to get in touch with them. Overall it was good experience with them.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Customer service was good in AXIS bank home loan.Proper follow ups by them.They have done within stipulated time period. It was not upto my budget so I only cancelled this home loan.But it was not banks fault . Interest rate was told 18% but i havent not have much interest on the loan so I dot care much of it

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Promised Interest Rate
    Fees & Charges
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Whenever Iam calling for home loan or any products there is not sufficient information with AXIS bank.I have some few executive numbers I am not able to get any help from them also . Customer suffered because of this. I need the document criteria I have to ask the concern person for softcopies . But for those exit documents also not getting. If they give me in one short it was easy process. Bankbazaar.com also good and I enquiried about a long back . I got a call 1-2 times regarding the home loan. I will give bankbazaar website for 4.5

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Customer service was good with AXIS bank. I was happy with this home loan. Though there is some money problem but I will keep in mind might be in future I will going for it. I think interest rates are nominal May be they can work on the interest rates can be reduced , and also they can documentation process. Bankbazaar.com was good. Follow ups are good. I applied through bankbazaar.com within a day I got a call and I got a call very fast . I am very happy . It is easy to surf . I will give bankbazaar as 5

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Promised Interest Rate
    Fees & Charges
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    It was good experience in AXIS bank for my home loan application. Due to IT file return problem so I dropped that the plan. They were helping me and due to personal reasons I cancelled. Bankbazaar.com was good and customer service and follow ups they are quick . I will give bankbazaar as 4

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Customer service was very fine and well coordinated with me from AXIS bank . Rate of interest was very flexible in home loan process. It is a diminishing method. Bankbazaar.com was good and very well. And number of times they will remind me regarding the documents and other activities also. I will give bankbazaar as 5

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Not bad I have taken loan from bankbazaar callbacks are not proper. Thats something fine. AXIS bank should be more improvement in follow ups for home loan and should have some kinda of schedule . Bankbazaar was good. Best part everything is one place . Really awesome. Website was useful. I will give bankbazaar as 4

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    AXIS bank asked me all the documents and after that I haven't received the call . After 15 days I got a call from AXIS bank for status . There should be some proper follow-ups . Bankbazaar.com was good.Every time they are calling every time about the followups . I just started their website. I will give bankbazaar as 5

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 20 1 2 3 4 5
Contact Us on Mail
Facebook
Thank you for the feedback.
Make a suggestion or report a bug
  • Like us? Spread the word
  • Broadcast your feedback via Facebook Twitter
  • or Cancel
  • View our privacy policy

reTH65gcmBgCJ7k - pingdom check string.