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 1068 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
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    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 05 Aug 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

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

      Not satisfied with the bank as there was mismatch in the loan amount and that amount was disbursed to the dealer which is wrong as per the customer point of view. DD was done before the given time for which i paid the extra charge. Interest rate charged was 9.95% when i took a loan and then it got reduced .Processing fee charged was 0% they only charged stamp duty charge of Rs. 3000. I would suggest to the bank that the employees should response to the customer.

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

      My experience with the Axis bank was very good for the home loan. It was a very good service offered by this bank. The executive had come and got all my documents from my place. It took only a week time for the loan amount to get disbursed from this bank. Overall everything went on smooth and so no issues.

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

      I have a home loan from axis bank which I got by approaching them directly. They were supportive. I had an executive from the sales team who helps me. If I raise any queries they raise it to bank and it will be resolved in just 2 to 3 hours. It was a corporate offer which I got, it was a competitive one.

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

      Easy home loan i got from Axis bank the bank helped me a lot and the process was smooth. There was some mismatch in the interest rate because the loan amount got differ during the disbursement. After approaching the bank it was been solved.Axis bank was very helpful in the providing the statement as per our requirement. I pre closured the loan without any extra charges.Interest rate stated with 11 and ended with 12.5% . They disbursed the loan in a month by inspecting the property.

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

      Interest rate offered by Axis bank for the housing loan is 9.5%. Their Internet banking is very good, I normally make the payment online. I am also allowed to make partial payments online. I do have the option of downloading statements and certificate of interest online. The total tenure of the loan is 30 years.

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

      I have taken my home loan from Axis Bank. There are benefits for staff of the bank. So I got a very low fixed rate of interest and there was no processing fee. The total tenure of the loan is for 20 years. The services has been good. It was a smooth process for the loan.

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

      I did not compare the rate of interest with other banks so glad in what I got for a home loan. Axis bank is good and also I would appreciate an executive as he collected all papers on time. Total tenure period is of 25 years and at any time I can go for pre closure where the charge is nil.

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      shrikant took a Home Loan from AXIS BANK Reviewed on
    • Validated User
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      My experience with Axis bank is very good for the home loan. It took only 2 days for the loan to get disbursed to my account. The documentation process was quite normal as it was not difficult. The processing fee charges was very less by this bank.

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      ashok took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (1)

      It was good with Axis bank, the representatives came up on time to collect my documents. They coordinated very well. Interest rate compared to the few other banks is higher side. The fee and charges was nill, I was not charged. So In 10 days I got my home loan amount credited to my account. I suggest the bank to match up with other bank for lower interest rate.

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      sanjoy took a Home Loan from AXIS BANK Reviewed on
    • Validated User
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      It is actually good with Axis bank compared to the other bank and financial institution while processing my home loan. Once I finalized the property it took around 3 to 4 month to complete the process. They were demanding of more documents but then also it was okay. This bank allows single applicant for loan, I feel this as an advantage. Interest rate and processing fee is based on the norms of the bank so it is good.

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

      Axis bank is really good. I got a good offer from them when I applied through this portal. From the beginning they were responsive. Since it was a big investment bank took time in processing the loan. It is almost standardized by RBI hence they do not charge for pre closure. or transfer of fund. I like the fast process.

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

      I have availed housing loan with Axis bank on the year 2012. The initial service was good with Axis bank. I knew few people in this bank, through them I got the things done. The interest rate what they offered me was high it was around 10.25%, the fee and charges are same as others. So within 10 days my home loan got sanctioned.

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      mahesh took a Home Loan from AXIS BANK Reviewed on
    • Validated User
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      I availed home loan with Axis bank recently. I had a very good experience with them. When I contacted all the thing were done by the representative in terms of collecting document etc for my home loan. I have no compliance with them. I am totally fine with the interest rate and processing fee. What ever discussed initially when I enquired for loan I was given the same. It was an excellent job done by Axis.

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

      I availed my home loan with Axis bank. Basically the representative is not that good. They took 20 days to process my home loan with Axis bank. The customer service has to be improved, need to be more knowledgeable and faster in processing, should be professional. I feel that the interest rate can be reduced. I am okay with the processing fee.

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

      Axis bank is very prompt to give response to the customers. I have taken my home loan with them which was disbursed in 1 month . Documentation process was little complicated. Interest rate and processing fee charged were nominal. I would suggest the axis bank to continue the same service.

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

      Axis bank housing loan process is fine. They have provided the maximum loan amount which is 90% overall its good. Its satisfactory. The interest rate offered by them was good it is as per RBI regulations its 10.15%. It is an ongoing loan and I am getting updates from them on a timely basis and the early interest rate was 10.25%.

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

      I have taken a housing loan with Axis Bank. The interest rate offered by them is the lowest in the market. Infact they have reduced the rate twice and the rate change happened instantly. Where the new rate was applied. I got a SMS from them stating that the rate was changed and it will be applied shortly. The new EMI was deducted from my account automatically and I got the confirmation once after the amount was debited.

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

      Axis bank housing loan process is fine. I got a very good response from them on time. No hassle with them. They have offered the loan within 15 days of time. Interest rate offered by them was 9.8% approximately. After some time the rates has fallen down and I got a SMS from them and they will apply the new rates to the loan automatically and that inturn had an impact on EMI thereby my EMI has reduced.

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

      I got a Home Loan from Axis bank. It was nearly Rs 34 Lakhs with 20 years tenure. The interest rate was good but the processing fee was high compared to other banks. I have completed 1 year of the tenure period. The customer service was good. It would have been helpful if they would have reduced the processing fee.

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      shaik took a Home Loan from AXIS BANK Reviewed on
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      (0)

      I took a home loan from Axis bank and the experience was good as they disbursed the loan within less time. Interest rate and processing fee charged was the same as per market rate. Documentation process was easy.I have made part payment for the loan amount but there is no any extra charges but for the pre closure there will be some extra charges.

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      deepak took a Home Loan from AXIS BANK Reviewed on
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