Axis Bank Home Loan

Axis Bank Home Loan
 3.5 / 5.0   by 691 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 24 Nov 2014

Axis Bank Home Loan Details
Interest Rate (Monthly reducing balance) 10.15% 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

Customer Reviews
Page 1 of 35 1 2 3 4 5
  • Validated User
    (0)

    Due to the property approval was difficult, I was not able to get home loan from AXIS bank. The customer service executive did talk me in a soft and friendly way however they had declined the application. Whatever I wanted to know, I just came to know from them. Even rates are affordable.

    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
    aditya took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    Each and every thing about home loan were shared to me by the executive through call but unfortunately I unable to take loan with Axis bank as I postponed the plan due to personal reasons. As being an existing customer of Axis bank they were not ready minimize the rate as the rate was above 12% for home loan. Hence, customer would be benefited if they decrease the 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
    chandra took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis bank is offering reasonable rate of interest for home loan and response was good. Initially I got a single call form Axis bank and that individual informed that one of the document executive would visit my place to collect documents but no one has visited for documentation. Moreover I did not get further calls from bank. Status of home loan should be informed customers, though they reject the application.

    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
    saurabh took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    It was good experience in availing home loan from AXIS bank. First, It was informed that the interest rate would be 10.25% however later on it was reduced to 10.15% which is impressive one. Apart from the processing charges, mortgage charges is 0.5%. Even partial payment option is been there which is a good option.

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

    AXIS bank services are really excellent in availing home loan. Rate of interest is 10.15% which was reduced from 10.25% and its attractive. Partial payment option is available which is helpful option. Customer service executive constantly provides feedback.

    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
    thangadurai took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    My home loan has been sanctioned by AXIS bank within 10 days of time. Unfortunately the disbursement got delayed as there was some issues going on with the builder and the bank. They have collected all my documents and itâ??s getting later from the bank side. Due to this delay I have been charged a penalty of rs8000 which was really disappointing. The rate of interest is also 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
    amit took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    After all the comparison I found AXIS bank to be the best bank offering a lowest rate of interest of all the banks. Everything about the documentation and loan process have been explained to me yesterday only. I am now clear about the documents requested by the bank and I would proceed further in the next week. I chose AXIS bank because of their happy ending offer which waive off the last EMI and a low rate of interest.

    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
    bhakti took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    I am banking with Axis bank for more than 5 to 6 years and I have very good experience. At the start they rejected my home loan application but when I visited branch, the Relationship Manager assisted me to avail home loan. Loan process was easy when I visited the branch personally. Response is not much good but the rate is competitive. Rate of interest they offered like 10.75% and processing fee is 2%. Axis bank need to be more customer oriented and the same is my suggestion.

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

    I am happy about rate of interest because 10.25% is reasonable. I applied home loan a long back but till date I never got any response or call from Axis bank. I just got a single message but after that no any response. Hence, what I would like to suggest is that response should be immediate to 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
    charles took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    My requirement was only 20lakhs but Axis bank offered up to 67lakhs, basis my eligibility so this is one of the reason to stop the home loan application with Axis bank. Otherwise their response and other parameters were good. Overall, my experience is good and feeling good about the offers like rate, charges.

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

    AXIS bank services are great and I had availed a home loan in the month of Octâ??2014. The executives of the bank are very prompt and gave me all the required details precisely. There was a delay from my side only for arranging the documents from the builder. Otherwise the processing was quite fast and they disbursed my loan within a month time. They offered me an interest rate of 10.25% for the first two EMIâ??s and 10.15% thereafter.

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

    Home loan experience with Axis bank was awesome and the executives interacted good. They mentioned all information and whatever I had asked, they fulfilled. Actually, the rate of interest is less in Axis bank, thus I took home loan. Initially Axis bank declined my home loan application but when I visited them personally in the branch, they sanctioned my 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
    arup took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I did not face any issues and I donâ??t know about rate of interest as they did not mention it. Internet banking facility is good. Everything was good with Axis bank but I did not get reason for rejecting home loan application. I contacted customer executives to know the reason but even they did not know that, their system might not have updated on that time.

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

    I am aware of Axis bank a long back and also have very good relationship with them. I have visited directly the branch to get home loan approval. As comparing to other banks, the rate of interest is very high in Axis bank as they offered 11%. The overall processing time was good enough. The property is under construction so my builder yet to receive the amount from 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
    shantanu took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    AXIS bank was very good in processing my home loan request much easier however the disbursement of my loan took some time around a month. The process was quite slow however they offered me a good interest rate of 10.25%. They inquired me about my loan transfer decision and showed me more interest in knowing the reason and tried to help me as well.

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

    Executive was coordinating well and whatever I asked, they clarified. Home loan with Axis bank got sanctioned but due to some personal issues I unable to go further. The document executive who came to collect documents were not from Axis bank and they were from some outsourcing thus it would be better if Axis bank send direct executives for the formalities. 10.15% of rate is 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
    magdalene took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    The processing fee they offered me was like 5%, which is nominal. Axis bank is offering competitive rate of interest in market. My expectation was more than 11lakhs and I asked Axis bank to satisfy my expectation but they said that I am only eligible for 11lakhs so from my end I rejected the home loan application. Otherwise, I am highly satisfied with 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
    niranjan took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    The Axis bank executives followed in better way and I am fine with service. The executives were helpful and explained everything on time about home loan. When the executive contacted me, I was in office so in a short span of time, the executive mentioned all details. I could not differentiate rate of interest and I am not very sure about charges as we did not discuss 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
    yash took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Axis bank was good and I am satisfied with home loan process. The rate of interest 10.25% was similar like other banks and I did not see anything different. They charged Rs.3800 for processing fee and I donâ??t know for what reason they charged that much. The executive collected all documents but post collecting documents he did not come back for further process. Even he collected processing cheque from me. Therefore, I suggest executives to mention required documents exactly in prior and they should have good 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
    santhosh took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I unable to avail home loan with Axis bank due to some bank norms but I am satisfied with the services. I am not much satisfied with the executive because they did not give clear details about the product affront. Hence, I suggest them to mention required details accurately to customers in prior. The rate of interest 10.25% was quiet comfortable.

    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
    vidya took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 35 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.