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 1138 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 Sep 2015

    Axis Bank Home Loan Details
    Interest Rate 9.85% to 11.75% (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
    Guarantor Requirement No Guarantor Required

    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

  • Page 1 of 50 1 2 3 4 5
    • Home Loan
      "Expected More..."
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I applied for a home loan in axis bank. Immediately I got a call from them, the executive called me and inquired about the property which I have selected, I gave the information. They said that they provide finance only for specific location and specif property and canceled my loan application. It will be good if they can provide loan for all types of properties.
      Was this review helpful? 0
      , lucknow
      Reviewed on Aug 31, 2015
    • Home Loan
      "Fair!!!"
      AXIS BANK
      0.5 2.0/5 "Expected more"
      I had taken a Home loan with Axis bank. I normally bank with Axis and I used to reminder message SMS regarding EMI and this was taken before 3 years. Interest rate offered by them was 10.10%. I am very much satisfied with the service. They took around 4 months of time to process the loan .It would be great if they expedite the process. It would be great if they provide equal importance to all the customers who is applying through online and the Customers who is approaching the bank for the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 29, 2015
    • Home Loan
      "Good Experience.."
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      Axis bank is best in communication. They did a speedy work and offered me a home loan within 1 month. Customer service is good. Rate of interest is nominal. It will be better if they can update the telephone numbers of all their branches in their website.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 29, 2015
    • Home Loan
      "Need To Improve Responsiveness..."
      AXIS BANK
      0.5 3.0/5 "Satisfactory"
      An executive from axis bank spoke to me seeing my home loan application. He collected all my details, I had a doubt and asked clarification he said that he will get back. But he did not call me. When I tried calling him, he was not reachable. Then I got a message saying that my application was canceled. But I donâ??t know the reason. I did not get a proper response.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Aug 29, 2015
    • Home Loan
      "Be Open To The Customers..."
      AXIS BANK
      0.5 3.0/5 "Satisfactory"
      The response which I received from axis bank was immediate when I applied for a home loan. They did not inform me in prior that I have to pay processing fee. At the end of the process they came up with this information so I canceled the application with them. If there is any information which involves money, they have to disclose it to the customers in the beginning.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 29, 2015
    • Home Loan
      "Be Responsive....."
      AXIS BANK
      0.5 2.0/5 "Expected more"
      I am not satisfied with axis bank. I applied for a home loan since the rate of interest they were ready to give was good. They called me once and enquired about my requirement. Then there was no response from them. They did not inform anything. It will be good if they can provide proper feedback for the customer and let them know the exact reason for cancellation o9f the loan application.
      Was this review helpful? 0
      , noida
      Reviewed on Aug 29, 2015
    • Home Loan
      "Good Services.."
      AXIS BANK
      0.5 4.0/5 "Great!"
      I applied for a home loan and an executive from axis bank called me next day. He discussed with me the process of taking a loan. He asked me whether to proceed the application, I denied. I did not identify the property so I informed them that I cannot go ahead and canceled the application. Otherwise the services offered was good.
      Was this review helpful? 0
      , hubli
      Reviewed on Aug 29, 2015
    • Home Loan
      "Reduce The Charges.."
      AXIS BANK
      0.5 2.5/5 "Just OK"
      I applied for a home loan in axis bank, I got a call from them after 2 or 3 days. They gave information about the process. But I was convinced with the interest rate offered, it was high compared to the one offered by SBI. So I canceled my application and switched to SBI. It will be really good if axis bank can reduce the charges.
      Was this review helpful? 0
      , jaipur
      Reviewed on Aug 29, 2015
    • Home Loan
      "Need Good Offers..."
      AXIS BANK
      0.5 4.0/5 "Great!"
      From axis bank I got a good response when I applied for a home loan. They had a good follow up. I was just inquiring about the interest rate and everything. Since I got a good offer from icici bank, I canceled the application with axis bank. It will be good if they can give complete information to the customers in the beginning itself.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 29, 2015
    • Home Loan
      "Good To Go With.."
      AXIS BANK
      0.5 3.5/5 "Pretty good"
      Customer service provided by axis bank was really good. When I applied for a home loan, they called me within 48 hours. They gave all the required information. Since the I postponed the plan of buying a house, I dropped the plan of taking a loan from them. They are doing good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 29, 2015
    • Home Loan
      "My Experience With Axis..."
      AXIS BANK
      0.5 4.0/5 "Great!"
      I had a great experience with axis bank when I applied for a home loan. They responded well. The executive explained each and everything over a call. But my property dealer wanted me to go with DHFL, so I canceled the application with axis bank. In future I am sure that I will contact them for any financial help.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 29, 2015
    • Home Loan
      "Help The Customers..."
      AXIS BANK
      0.5 2.0/5 "Expected more"
      The interest rate which axis bank was ready to offer was really good. I applied for a home loan. Until I got a letter from them I did not know that my application has been canceled. I went to the bank directly and asked for the reason, then they explained me. Since the executives informed me that they will provide the loan, I gave advance to the builder as well as I gave a cheque to he bank. Still I did not get the cheque back. It will be good if they can inform whether they can provide a loan or not.
      Was this review helpful? 0
      , madurai
      Reviewed on Aug 29, 2015
    • Home Loan
      "Excellent!!!"
      AXIS BANK
      0.5 4.0/5 "Great!"
      Axis was doing good. Interest rate was normal as per the market. Charges are very less. They collected the required documents. Within the short period is time my home loan got disbursed. Customer service was good. Compared to the few other banks it would be better if Axis reduces the interest.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 29, 2015
    • Home Loan
      "Need More Options...."
      AXIS BANK
      0.5 4.0/5 "Great!"
      I have not interacted much with axis bank. I got 2 calls from them, the response was quite good. They even had a good follow up. The interest rate offered by them for my home loan was too high compared to the one offered by hdfc. Hence I canceled the application and switched to hdfc. It will be good if axis can work on the rate of interest and give more options to the customers.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 29, 2015
    • Home Loan
      "Excellent"
      AXIS BANK
      0.5 4.0/5 "Great!"
      I am having the home loan with the Axis bank and the rate of interest is 10.2% as floating. I need to pay the emi for 25 years with the payment as 16542 Rupees. The services are good with them and the processing charges are nominal. I got the loan within 15 days of time. There are no pre closure charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2015
    • Home Loan
      "Should be better"
      AXIS BANK
      0.5 3.0/5 "Satisfactory"
      After my application was sent to Axis Bank for Home Loan the sales team called me and confirmed about my application. But I was disappointed when my queries were reverted well. I would like to suggest Axis bank that they should train their employees thoroughly before they handle applications of the customers.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2015
    • Home Loan
      "Good offers"
      AXIS BANK
      0.5 4.0/5 "Great!"
      My Home Loan application did not proceed further as I could not produce the necessary documents. I got a very good loan offer from Axis Bank online. The interest rate offered to me was also okay. Sales team gave me very good response for my application. I would reapply in Axis bank for Home Loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 28, 2015
    • Home Loan
      "Good service"
      AXIS BANK
      0.5 3.0/5 "Satisfactory"
      I applied for Home Loan online to Axis Bank. They called me at scheduled time and the executives were regularly following up with me. Interest rate offered by Axis bank was okay. I did not avail the loan from Axis Bank as the property that I had selected; loan was pre approved for that property from State Bank of India.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Aug 28, 2015
    • Home Loan
      "No Coordination"
      AXIS BANK
      0.5 1.0/5 "Really Bad"
      Axis Bank showed worst service when I applied for Home Loan. They contacted me basis on my application only after 5-6 days and was communicated that my application will be forwarded to the concerned local team. Post that there was no response, later i was asked about documents. No co-ordination between the bank executives which is not at all expected.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 28, 2015
    • Home Loan
      "Good experience"
      AXIS BANK
      0.5 4.0/5 "Great!"
      I did not avail Home Loan from Axis Bank as I postponed my plan of purchasing the property. I got very good offer online. Good interest rate and even the loan amount offered to me was as per my expectation. My experience with the response from Axis bank is also good, the executive was regularly following up and gave all detailed informations to me.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
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