A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 2 Asha Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 11.75% Fixed/Floating
    0.50% (min. ₹10000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.25% Floating
    0.50% (min. ₹10000)
    1Cr - 5Crs
    1-20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Asha Home Loan is Rated as "Great!" by 1996 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Overview of Asha Home Loan:

    “A home is never small” ~ Axis Bank”

    One of the key hurdles to purchasing a home of your own is amassing the pile of cash required for a down payment. By some guesstimates, it can take at least a few years to get your hands on a decent 10 to 15 percent. As the Reserve Bank of India introduced several new guidelines like lowering of interest rates and EMIs for housing loans, potential home buyers with less bucks in their account to put down for that hefty first payment, are now spoilt for reasonable choices.

    Asha Home loan is a customized financial product explicitly made for Axis bank clients to fulfil their dream of owning a house. With a bunch of tailored options including the ambitious Asha Home Loan Scheme, it didn’t take the bank long to become one of the biggest players in the House Loan Business. And the reason why this scheme hit off with customers is that it plays to the tune of your career and monthly income purely based on your banking history and credit score.

    Home Loan Offers

    Features & Benefits:

    • Purpose of Asha Home Loan: Asha home loan is your ticket to purchase a ready home or construct your own house. You can use it to buy a property under construction or a one put up for resale. Loan is also offered for plot purchasing and renovation of your current house.
    • Loan Term: 30 years with a higher eligibility.
    • Loan Sum: Minimum loan amount granted by Axis bank as per the Asha home loan scheme is one lakh. But you can avail up to ninety percent of the property price for loans up to twenty lakhs. You can apply for a maximum of 28 lakhs.
    • Affordable Interest Rates: Asha Scheme doesn’t believe in draining the borrower to the point of ‘peace of mind vs owning a house’.
    • Transfer your balance without stress: If you had already taken another house loan from another financier, you can easily consolidate it with the Asha home loan if you have an impeccable repayment track record.
    • Security: Rightful mortgage of the house or land to be bankrolled by way of depositing the title deeds.
    • Payout Procedure: The entire loan amount will be paid either in one go or partially, considering the requirement of funds for construction or purchase, as evaluated by Axis Bank. The money will be transferred directly to builder, seller (of house, materials etc.) or local development authority.

    Asha Home Loan Eligibility & Documentation:

    To avail Asha Home Loan, your joint family income need be only INR 8000 per month based on where you live. This is really nominal when compared to schemes offered by other banks.

    Purpose Salaried Self-employed/ Freelance Professional
    Identity Proof Passport/ Driving License/ Employment Id Card (NREGA)/ Voters Id/ Adhaar Card/ PAN Card Passport/ Driving License/ Employment Id Card (NREGA)/ Voters Id/ Adhaar Card/ PAN Card
    Address Proof Passport/ Driving License/ Employment Id Card (NREGA)/ Voters Id/ Adhaar Card/ Rental Agreement Passport/ Driving License/ Employment Id Card (NREGA)/ Voters Id/ Adhaar Card/ Rental Agreement
    Income Proof Salary Slips, Income Tax Return Papers IT Returns, P & L accounts & B/S, Bank Statements for the last 6 months

    Asha Home Loan Rate of Interests:

    Fixed Rate of Interest for Asha Housing Loan is at 11.75 percent per annum.

    Floating Interest Rate Base Rate + Mark-up Effective Rate of Interest Per Annum
    Salaried Base Rate + 0.60% 10.45%
    Entrepreneurs/ Freelance Professionals Base Rate + 0.85% 10.70%

    Fees & Charges:

    Charge Description Sum (INR)
    Processing Charges or Admission Fee One percent of the loan amount, not less than INR 10,000
    Repayment Instruction/Instrument Return charges INR 500 per case
    Cheque/Instrument Substitution charges INR 500 per case
    CERSAI Charges INR 500
    Charges for issuing Copy of Statement INR 250 per case
    Charges for issuing Copy of Amortization Schedule INR 250 per case
    Charges for issuing Copy of Interest Certificate (Provisional/Actual) INR 250 per case
    Charges to get copy of title documents INR 250 per document set
    Charges levied for requests for copies of documents by the client INR 250 per document set
    Charges to issue Credit Bureau Report INR 50 per case
    Advance Payment Penalty for Fixed Rate Loan Two percent of remaining principal sum that is prepaid
    Fine for Late EMI Payment INR 500 per cheque bounce and a punitive interest at the rate 24% annually i.e. 2% per month on the unpaid installment/s
    Converting Fees (Floating to Fixed Rate) 1% on the remaining principal (not less than INR 10,000)
    Converting Fees (Fixed to Floating Rate) 2% on the due principal sum
    Converting Fees (Higher Fixed rate to Lower Fixed Rate) 0.5% on due principal with minimum INR 10,000
    Converting Fees (Higher Floating Rate to Lower Floating Rate) 0.5% on due principal with a minimum of INR 10,000

    Asha Home Loan New MCLR:

    Fixed Rate of Interest for Asha Housing Loan by Axis Bank is at 11.75% per annum. Floating rate of interest is dependent on the Marginal Cost of Funds-based Lending Rate (MCLR) from April 1, 2016. The 6-month MCLR, which is the rate on which Axis Bank home loans are based, is 9.3% currently. The spread above MCLR on home loans is as below:

    Customer type Floating interest rate
    Salaried 9.95% (MCLR + 0.65%)
    Entrepreneurs/Freelance Professionals 10.15% (MCLR + 0.90%)

    FAQs:

    1. Can I apply for a Home Loan at fixed rate with term of 25 years?

      Under this scheme, fixed rate loans are usually offered only if the loan is taken for a term period that does not exceed 20 years.

    2. I work at a private company and I get my salary in cash. Am I eligible to apply for Asha?

      Certainly. Axis bank is liberal in its outlook and does not hesitate to extend Home Loans to salaried people who receive their payment in cash.

    3. How can I get my next pay out?

      You can get your next pay out by submitting a duly filled and signed Disbursal Request Form (DRF), letter from the builder and other building-related bills.

    4. How long will Axis Bank take to make the disbursement?

      Properties (plot, under-construction houses, resalable house etc.) are categorized into two- Approved Project Facility or APF and Non APF. It will take 5 working days if the project is approved and 7 working days if it is not.

    5. How can I know if the property I want to avail loan for comes under Approved Project Facility or not?

      You can check the bank’s Home Loan Page under which you will find the list of all Approved Projects.

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  • Asha Home Loan Reviews

    • Axis Bank Home Loan
      "very irritating"
      0.5 0.5/5 "Unacceptable"
      The agents are giving wrong commitments I was informed that i will be getting pradhan mantri awaz yojna benefits while sanctioning the loan and now at the time of disbursment in am asked to give my documents again to get the loan resanctioned to avail the PMAY benifits. This means that they want the processing fee again. Very good way of making money. Never take loan from them @axis bank. If you still have any humanity or customer service left, call on 7219609021 to resolve the issue
      Was this review helpful? 0
      , pune
      Reviewed on Jul 24, 2017
    • Axis Bank Home Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The axis bank had very good communication in regards to my home loan application. They have disbursed my home loan within 3 days of time. The customer service and the response was good with Axis bank. The required loan amount has been approved and disbursed by axis bank. I am happy with the loan amount. The rate of interest of interest is nominal with the axis bank. I am satisfied with Axis bank service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 19, 2017
    • Axis Bank Home Loan
      "Worst Customer Service Experience"
      0.5 0.5/5 "Unacceptable"
      The worst possible way to get humiliated is when a Bank of choice for you for the past 6+ years decides that Customer service is for Fools. I was thrown around back and forth and was ignored on around 75+ calls made during a period of the whole of 2 months since my loan got sanctioned and the Bank has no response at all. And after 2 months they come back and say We can't process the loan. Does Axis bank think the customer is taken for granted just because they invested in the eco-system? I am closing the Salary accounts and Credit Cards I hold with the bank as they have lost all goodwill from an ardent customer. So in Axis bank's terms 15 working days = 2 Months in Communication Isolation. Worst Customer Service Experience Ever.
      Was this review helpful? 0
      , cuddalore
      Reviewed on Jul 19, 2017
    • Axis Bank Home Loan
      "Overall good"
      0.5 3.0/5 "Satisfactory"
      Since I took my home loan from another bank I did not go ahead with Axis Bank. The customer services and response is good and the interest rate is normal. The charges are normal too. Overall no issues faced as they were prompt enough to contact me when I applied.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jul 07, 2017
    • Axis Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I postponed my plans in buying a home. So I cancelled my application with Axis Bank for the home loan. More over the bank contacted me late. They delayed by ten days. Not sure on the rate of interest rate and processing charges as I did not go to that level of talking to them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 07, 2017
    • Axis Bank Home Loan
      "Response is good. "
      0.5 5.0/5 "Blown Away!"
      I withdrew my home loan application with Axis Bank as I already had another option through another source. The customer services was good and the team did a good job by responding on time. I did not go to the level of talking about the interest rate and processing charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2017
    • Axis Bank Home Loan
      "Worst communication"
      0.5 2.0/5 "Expected more"
      Axis bank didn't contact me, they never responded on the home loan application. I almost waited around one month but no one came to collect my document, hence I am very fed up with Axis, finally I have processed my home loan from some other bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 06, 2017
    • Axis Bank Home Loan
      "Terrible unprofessional attitude by bank"
      0.5 0.5/5 "Unacceptable"
      I have faced terrible unprofessional attitude of the bank's staff. Bank took more than 6 months for disbursement. Even, I had to pursue personally till 9.00pm at the bank 2 days before disbursement and then only disbursement came out. I strongly recommend everyone don't go with Axis Bank, branch at AC Mall at Shakespeare Sarani,Kolkata.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • Axis Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had taken the home loan from Axis bank. The bank services are good and they processed the home loan process in a good manner. But when it comes to the customer service, it is not approachable. It is not possible to get proper response from their customer support.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 05, 2017
    • Axis Bank Home Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I have not decided the property to finalize that's the reason I asked the bank to close my home loan application. I received a call from AXIS but I have not gone through the entire loan process of interest rate and loan amount. I felt overall service is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 05, 2017
    • Axis Bank Home Loan
      "Fantabulous"
      0.5 4.0/5 "Great!"
      I have taken the home loan with the Axis bank and the interest rate is around 8.5%. Customer service is good one with them and the response too and the loan amount got disbursed within five to seven working days of time. Response is also good one with the Axis bank.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 03, 2017
    • Axis Bank Home Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My home loan is with Axis Bank and the process to get the loan was hassle free. It was a good experience right through the process. It was completed on time and I was given regular updates as well, which was helpful. The after loan services is also smooth and easy.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 30, 2017
    • Axis Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken my home loan from Axis bank and the services from them was excellent. They were clear about the process and the details concerned to the loan. The disbursement was also completed on time and the interest rate was 9.25% now initially when i took this loan it was 9.50% and processing charges was also very much satisfactory too the loan amount I have taken is 23 lakhs with tenured of 25 years.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 29, 2017
    • Axis Bank Home Loan
      "Satisfied"
      0.5 2.0/5 "Expected more"
      I had not taken the home loan with the Axis bank because of the huge processing charges and also they have delayed for some time. Customer service was not really good after the document collection process, also they have not provided the proper feedback too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Axis Bank Home Loan
      "Better"
      0.5 4.0/5 "Great!"
      Process and everything was a good one with the Axis bank and I don't have any issues with them till now. Response was very much delayed , also the process lapsed with the Axis bank. In the mean time, I had got the better offer from the Axis bank..
      Was this review helpful? 2
      , chennai
      Reviewed on Jun 22, 2017
    • Axis Bank Home Loan
      "Better "
      0.5 3.0/5 "Satisfactory"
      I have not made the balance transfer to the Axis bank because of some other like I am okay with the existing bank itself. 8.6% was the interest rate with the Axis bank and the customer service was also good one. For any future requirement, I would like to go ahead with the Axis bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 14, 2017
    • Axis Bank Home Loan
      "They should be transparent"
      0.5 1.0/5 "Really Bad"
      I am not happy with AXIS service because there was no response from their end, They didn't call or message me, Till now I am not aware why my home loan got rejected the application. Finally I checked my credit score at the time, I could see AXIS have inquired my credit score I hope based on that they have closed. Whatever it may be AXIS should give transparent information.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 14, 2017
    • Axis Bank Home Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      There was a delay in the Axis bank response and they took too much time to reach me and after reaching me they have explained me about the product and they told they need more time to process my home loan. I would suggest axis to to give response quick and fast in future. The rate of interest is similar to other banks. The service which axis gave was average.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 14, 2017
    • Axis Bank Home Loan
      "Need Improvement"
      0.5 2.0/5 "Expected more"
      Axis bank is good at banking service, because I also hold Axis salaried and savings account, but as far as the loan is concerned AXIS Bank didn't provide a satisfactory service.They gave a call and explained about the product and after that I didn't receive any calls from Axis bank. They need to be improve a lot when it comes to customer support.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 13, 2017
    • Axis Bank Home Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I have got a home loan with Vijaya bank and I was planning to transfer my home loan to Axis bank, but unfortunately I can't do it, because with Vijaya bank it was a joint account so that was the reason I can't proceed with Axis bank home loan. The rate of interest is nominal with Axis bank and the customer support helped me in concern to my home loan application. I would say, It was a better service with Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 13, 2017
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