Axis Bank Home Loan

Axis Bank Home Loan
 3.5 / 5.0   by 519 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 21 Sep 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.



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Axis Bank Home Loan Reviews

80 % of our customers would recommend this bank. (414 out of 519) Write Review
Customer Reviews
Page 1 of 26 1 2 3 4 5
  • Validated User
    (0)

    When I had put the request for home loan, I did get a quick response from AXIS bank. Within 2-3 days, i had sent the scanned copies of documents as well as through courier. There was a proper follow up which was there. Processing fees was 5000 with a interest rate of 10%. Initially, AXIS bank contacted first, hence i went with this bank.

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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis bank home loan the property which i selected its outside of city so the bank is not ready to offer loan for that property. I would suggest they need to be more flexible in providing loans. Interest rate was 10.50% it was normal one, good thing i felt is their response was very prompt.

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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    My personal experience with the Axis Bank while applying the housing loan. I would suggest they need to improvise on interest rate and response, since i have applied for credit card last time the same response issue was their. They need to more customer friendly and flexible.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I applied for the housing loan on the on-line portal. I got the call from the Axis Bank customer service executive they explained me about the process in a professional manner. I canceled the loan application from my end due to some personal issues.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis Bank housing loan the experience was good the customer service executive were explaining me about the process in a clear manner. The loan application was canceled from my side since the property was not finalized. In future if i am looking for a housing loan i would prefer Axis Bank.

    Was this review helpful? Yes

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis Bank housing loan experience was good. The customer service executive explained me about all the details which was required to process the loan. The loan application was canceled from my end due to some personal issues. One suggestion i would say if they can reduce the rate of interest and the processing fees that will be more helpful.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I had a good experience when i applied for the housing loan with Axis Bank. The customer service executive had a regular follow up on my loan application. The loan application was canceled from my end because they said that don't provide for commercial purpose.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I had a good experience with the Axis Bank when i applied for the housing loan through on-line. I got the call next day from the executive explaining me about the process and when the executives came to collect the documents they informed that they don't cover the Gram Panchayat property which i was looking to buy. Since the property was not finalized i have postponed the plan.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis bank Home loan their was no issues with them, since i have dropped the plan, the response was great from them. Customer service called me immediately and gave proper information about the loans. I would be great if they reduce interest rate.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis Bank housing loan the customer service executive called me and explained me about the details and the documents that are required to process the loan. The loan application was canceled from my end since i am moving out of India i have canceled the plan.

    Was this review helpful? Yes

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Home loan with Axis bank since the interest rate was very high when compare to other banks i have dropped the plan apart from that everything was fine for me. Customer service provided clear information about interest rate and charges their was no hidden information. I would be great if they reduce rate of interest.

    Was this review helpful? Yes

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis Bank housing loan the service was good and the documentation and the processing was very fast. After my registration of the property i got the loan amount disbursed with in three days.One disappointing was that they made the property insurance compulsory which was not mentioned earlier while processing the loan.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis Bank housing loan the experience was good and the customer service executives explained me about the loan in a detailed manner. The loan application was canceled from my side because there was a mismatch in the payment date of ITR transaction.

    Was this review helpful? Yes

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    It was a very disappointing service with the Axis Bank when i applied for the housing loan. i just got call once from the executive and i did not get any call from the bank. The loan application was canceled from my side since there was no response.

    Was this review helpful? Yes

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    The experience with the Axis Bank while applying for the housing loan it was good and the executives explained me about the process. But the loan application was canceled from my side since the property was not finalized. If i am looking for the housing loan in future i will prefer Axis Bank.

    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 customer service executive from the Axis Bank called me and they explained me about the loan details. The housing loan application was canceled from my side because the property was not finalized. In future if i am looking for a housing loan i will prefer Axis Bank.

    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)

    My personal experience with the Axis Bank while applying the housing loan it was good. The customer service executive explained me about the loan process in a clear manner. The loan application was canceled from my side since the property was not finalized. In future if i am looking for housing loan i will prefer Axis Bank.

    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 experience with the Axis Bank while applying for the housing loan it was good. The customer service executive explained me about the process and the documents that are required to process the loan. The loan application was canceled from my end because the property was not finalized.

    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)

    Home loan with Axis bank their was nothing wrong from them the property which i finalized it has been sold out. I felt it would be better to get the loan from them since i am having my salary account with them. Customer service was fine they gave proper information about the product. It would be great if they reduce 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)

    Axis Bank housing loan the customer service executive called me and explained me about the loan process in a clear manner. The loan application was canceled from my end due to the high rate of interest and the processing fees. One suggestion i would say that if they could reduce the interest rate and the processing fees that will benefit many customers.

    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 26 1 2 3 4 5

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