A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Axis Bank Home Loan

    Axis Home Loan
     3.5 / 5.0   by 993 users
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    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 01 Jul 2015

    Axis Bank Home Loan Details
    Interest Rate 9.95% to 10.45% (Floating Rate)
    Processing Fees 0.50% of the loan amount or Rs.10,000 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.


    New Axis Home Loan Interest Rate:

    If the axiom that ‘no home loans are created equal’ holds right, then Axis Bank Home Loan is definitely one of the privileged leaders of the pack, offering interest rate starting from 9.95% to 12.05% (floating rate), a definite cost-conscious option, and commanding massive homegrown interest.

    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.



    News About Axis Bank Home Loan

    • Axis Bank, Lakshmi Vilas Bank Follow Suit, Trim Base Rates

      The recent directive by the RBI instructing banks to lower base rates has been met with almost instant compliance. Soon after the regulator issued its monetary policy statement for the ongoing fiscal year, major banks like SBI, HDFC and ICICI slashed their interest rates with immediate effect. Next to follow suit was Axis Bank, who snipped its base rates by 20 bps and is currently offering a revised interest rate of 9.95%. Lakshmi Vilas Bank too trimmed its base rate by 15 basis points and will bring a new rate of 11.10% into effect by April 14, 2015.


      Given that deposit growth is currently at an all-time low, at 11.4%, and with small savings offering an interest rate of 8.75%, attracting deposits has already become a challenge for banks. Considering this reason, analysts are predicting further rate cuts to be highly improbable in the near future.

      28th April 2015

    • Axis Bank aims at Affordable Housing Segment with Fixed Home Loans

      Axis Bank, the third largest private sector lender in India, has introduced a fixed interest rate home loan scheme in a view to increase its focus on the affordable housing segment. This fixed home loans plan can be availed for loans up to Rs.65 lakhs in metros and Rs.50 lakhs in other locations. This is for a tenure of 20 years at 10.4% interest. Axis Bank also has another comprehensive home loan product that can be accessed for amount more than Rs.50 lakhs with 11.75% interest.


      After recently raising Rs.5700 crores by selling infrastructure bonds, Axis bank has planned to concentrate on affordable housing segment. Because interest rates can unpredictably swing upwards in coming years, locking in to fixed rate loan schemes would give a great financial edge to the borrower.

      27th February 2015

    • Axis Bank Home Loan interest rate at 10.50 for next 20 years

      Axis Bank home loan is now available at an unbelievable offer of 10.50 percent interest rate for home loan of twenty 20 years tenure. The offer is only for a limited period of time and is looking to shake up the affordable home loan segment which is applicable for all home loans up to 50 lakhs. The dhamaka offer is just a shade of 25 bps, or 0.25 per cent above its current lending rates.


      Axis Bank President for Retail Lending Jairam Sridharan said the decision behind the offer was taken in consideration with principles. Yes, the company had to choose between bearing the cost on its own or passing it on to the customer.


      The one of a kind loan offers also has the flexibility of switching from fixed to floating rate of interest for a nominal fee and also has foreclosure benefits at the cost of 2 percent of the balance loan amount. Axis bank also clarified that the RBI mandate for zero pre-closure charges is only applicable for floating rate home loans and not fixed rate home loans.


      10th December 2014

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    Axis Bank Home Loan Reviews

    Customer Reviews
    Page 1 of 50 1 2 3 4 5
    • Validated User
      (0)

      I have approached Axis bank for the housing loan. I am not sure about the documentation procedure. Processing fee is okay. Customer service offered by them was okay. Response provided by them was good. Moreover I kept getting multiple calls from various people. It would be great if there is a single point of contact. I have taken a housing loan form HDFC LTD

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      shiva took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      My feedback for Axis bank for the housing loan is good. It would be great if they improvise the service. Interest rate offered by them is line with other Bank. It would be great if they respond fast as there was some delay from their side. More than all, I have taken a housing loan with HDFC LTD.

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      alok took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      My feedback for Axis bank for the housing loan is good. It would be great if they improvise the service. Interest rate offered by them is line with other Bank. It would be great if they respond fast as there was some delay from their side. More than all, I have taken a housing loan with HDFC LTD.

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      alok took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      The major reason not availing a housing loan with AXIS Bank is because I have taken a housing loan from ICICI Bank. ICICI Bank has got a tie with my company Mahindra and Mahindra and they were able to best deal with in a short span of time. The response was not that good when it comes to axis bank and they have to work on their time scales.

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      mohemmad took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I have approached AXIS Bank for the housing loan. I have asked them to wait their executives to wait as my salary was getting revised . Axis bank was offering around 8 lakhs however other bank was offering was around 12 lakhs to 15 lakhs. I am not sure about that. I would be great if they can help us in finalizing the property.

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      mohd took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      Builder has got a tie up with India bulls for the housing loan that was the major reason for not availing a housing loan from Axis Bank. Builder have got all the documents pertaining to this property as per his advise I have taken a housing loan from India bulls. Customer service offered by Axis bank was good. I have not interacted much with them.

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      manoj took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I have approached Axis bank for the housing loan. Interest rate offered by them was okay which was 10.10% . Initially I was planning to do a balance transfer from HDFC LTD to Axis bank. Later HDFC LTD has drop down the rates to 9.90% so I preferred to stay with them. I am very much happy with the service offered by them as it was on time.

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      uttamkumar took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      The main reason why I have not taken a loan from Axis Bank is because, I got a better deal in terms and loan amount and other requisites from LIC Housing for the housing loan. So I have taken a loan from LIC Housing finance. LIC Housing finance is superior than AXIS Bank in many ways. However the service offered by Axis bank is descent enough . I am very much happy with the interest rate as well.

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      mudit took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I have not finalized the property I have postponed the plan of taking this housing loan and that is why I have not taken this loan with Axis bank. Customer service offered by them was good. I have got about 2 or 3 calls from Axis bank. Once after finalizing the property I will call them back after a months time and the follow up was very good.

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      deepak took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      Of course I applied for the housing loan with Axis bank. The main reason why I did not avail the loan is because I did not get any sort of response or communication from them. I did not get even a single call from them. Furthermore, I have taken a housing loan from HDFC LTD .

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      brijesh took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      The major reason why I have not taken a housing loan from Axis Bank is because, I have taken a housing loan from Karnataka bank. I did not get any response from Axis. Communication was not that good with Axis . I am not sure about the interest rate offered by them also

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      balamurthy took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      Axis Bank housing loan process is okay, I have applied for the loan in 2 localities one is at Delhi and the other one at Mysore. I have taken a housing loan for Delhi location and for the other location they want my mom to be present in that place as she is not available at the place. They were unable to offer loan for that particular region and mom is a co -owner.

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      anurag took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      Axis Bank housing loan process is not that good. I was looking out for the property in Coorg. However Axis bank was unable to sponsor for that particular property. At the same time I can find there is one Branch in Coorg. They could have some how tried and processed the loan. Customer service offered by them was very good.

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      sudhir took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I have applied for the housing loan with Axis bank. The best deal was provided by SBI , so I have taken a loan from SBI. Moreover Axis bank was unable to provide the loan for housing board property. More than all the representatives did not contact me. Interest rate offered by Axis bank was 10.25% where as SBI offered me around 9.75%.

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      hardik took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      Axis bank housing loan process is good. I have taken a loan from Axis Bank directly, initially when I applied for the same loan online it was around 10% which is very high. Later when I approached for the bank directly I have got the loan at 9.95%. I have got to know about their policies and procedure.

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      ashish took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      When the guy approached me for the housing loan with Axis bank I have specifically told him that I have some issues . I have explained that in detail as well, however I did not get any sort of response form him nor he did not turn back. I had to call them twice to get the feedback from them.

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      mahesh took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      The service offered by AXIS bank for the housing loan is not that good . First of all they have to respond fast. They took more than 10 days of time to respond. I am not sure about the status of the loan. No one contacted me regarding the loan and I have no way of knowing the status of the loan.

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      patan took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      The information provided by Axis bank for the housing loan process is not good. They are not very clear in their explanation. Initially they were the one who encouraged me to take this loan. Later they confirmed that I cannot take a loan against mere land. I am very much happy with the interest rate offered by them.

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      ghanashyam took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      Axis bank housing loan process is okay. Soon after I applied, I have very clearly mentioned that I am not interested in this loan. I have not got any calls from them. This happened before 2 or 3 months. I have not yet planned to take loan at present. I will certainly contact this Bank just in case if I am in need of the loan. Interest rate offered by them was very good.

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      sunil took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I have applied for the housing loan with Axis Bank . I have directly contacted the Bank regarding that. I was looking out for the loan with some other bank also. Meanwhile I applied online for the same housing loan with same bank as most I was likely to get some vouchers . However since the first request was processed this request got can celled .

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      ramashankar took a Home Loan from AXIS BANK Reviewed on
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