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  • Axis Bank Home Loan

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  • Axis Bank offers eligible customers housing loan options with interest rates ranging from 8.90% p.a. to 9.15% p.a. on floating rate loans, and 12% p.a. on fixed rate loans. The tenure can be extended up to 30 years in the case of floating rate loans and 20 years in the case of fixed rate loans. The processing fee applicable can be up to 1% of the loan amount (Min. Rs.10,000) of which Rs.2,500 plus GST is to be paid upfront at the time of loan application login. 

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    We found 2 Axis Bank Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    Axis Bank Home Loan Details

    Apply for a home loan with Axis Bank and choose between fixed-rate and floating-rate packages. There is no prepayment penalty on floating-rate loans. Apply for a loan amount up to Rs.5 crore with a low processing fee.

    Updated as per Latest Rates on 21 Jul 2019
    MCLR 8.65%
    Loan Amount Minimum: Rs.1 lakh, Maximum: Based on income
    Processing Fees Up to 1% or min. Rs. 10,000/-
    Penal Interest Rate 24% p.a. or 2% per month
    Prepayment/Foreclosure Charges 0 - 2%
    Max Tenure 30 Years
    Rate Packages Available Floating/Fixed

    For information on other fees and charges such as switching fees, CERSAI charges, and issuance of duplicate documents, to name a few, visit the Axis Bank Home Loan Processing Fees & Charges webpage on our website.

    Axis Bank Home Loan Interest Rates

    Find below the interest rates for different home loan schemes offered by the bank. The rates offered on the loan depend on whether you’re a salaried employee or self-employed individual and what type of interest rate package you have chosen.

    Axis Bank Home Loan Floating Rates

    Axis Home Loan Schemes Interest Rate for Salaried Interest Rate for Self-Employed
    Home Loan 8.90% p.a. - 9.10% p.a. 8.95% p.a. - 9.15% p.a.
    QuikPay Home Loan 9.05% p.a. - 9.25% p.a. 9.15% p.a. - 9.35% p.a.
    Power Advantage Home Loan 8.95% p.a. - 9.15% p.a. 9% p.a. – 9.20% p.a.
    Shubh Aarambh Home Loan 8.90% p.a. 8.95% p.a.
    Fast Forward Loan 8.90% p.a. - 9.10% p.a. 8.95% p.a. - 9.15% p.a.
    Asha Home Loan 10.05% p.a. - 10.60% p.a. 10.30% p.a. - 10.60% p.a.
    Empower Home Loan 9.55% p.a. 9.55% p.a.
    Super Saver Home Loan 9.20% p.a. - 9.35% p.a. 9.20% p.a. - 9.35% p.a.
    Top Up Home Loan Starting from 8.90% p.a. Starting from 8.90% p.a.

    Axis Bank Home Loan Fixed Rates

    Axis Home Loan Schemes Interest Rate for Salaried/ Self-Employed
    Home Loan 12% p.a.
    QuikPay Home Loan NA
    Power Advantage Home Loan 9.10% p.a.
    Shubh Aarambh Home Loan 12% p.a.
    Fast Forward Loan 12% p.a.
    Asha Home Loan 12% p.a. - 12%.50% p.a.
    Empower Home Loan NA
    Super Saver Home Loan NA
    Top Up Home Loan 12% p.a.

    Note: Fixed-rate home loans are applicable for a maximum loan tenure of 20 years.

    Axis Bank Home Loan Schemes

    Axis Bank offers home financing schemes for both salaried and self-employed individuals. Attractive rates and flexible tenures are some of the major highlights of Axis Bank home financing schemes.

    The different types of housing loan plans offered by the bank include, Axis Bank Home Loan, QuikPay Home Loans, Power Advantage Home Loans, Shubh Aarambh Home Loan, Fast Forward Home Loan, Asha Home Loan, Empower Home Loan, Super Saver Home Loan, Top-Up Home Loan, and housing finance schemes for salaried and self-employed NRIs.

    Axis Bank Home Loan

    Key Highlights
    • Minimum financing of Rs.3 lakh
    • Option to choose fixed or floating rate of interest
    • Loans available for both salaried and self-employed individuals
    • Financing of up to 90% of the total property cost
    Interest Rate for Salaried Interest Rate for Self-Employed
    • 8.90% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate for 20 years)
    • 8.95% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate for 20 years)

    Axis Bank Shubh Aarambh Home Loan

    Key Highlights
    • Interest subsidy under Pradhan Mantri Awas Yojana (PMAY) available
    • EMI waived for 12 EMIs if you have a clean repayment record
    • Loans of up to Rs.30 lakh
    • Balance transfer facility available
    Interest Rate for Salaried Interest Rate for Self-Employed
    • 8.90% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate for 20 years)
    • 9.05% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate for 20 years)

    Axis Bank Fast Forward Home Loan

    Key Highlights
    • 12 EMIs waived upon regular repayments made to the loan
    • No prepayment charges
    • Minimum financing of Rs.30 lakh
    • Tenure up to 30 years
    Interest Rate for Salaried Interest Rate for Self-Employed
    • 8.90% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate for 20 years)
    • 8.95% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate for 20 years)

    Axis Bank Asha Home Loan

    Key Highlights
    • Maximum loan amount of Rs.28 lakh
    • 12 EMIs waived depending on your banking history
    • Financing of up to 90% of the total property cost
    Interest Rate for Salaried Interest Rate for Self-Employed
    • 10.05% p.a. onwards (floating rate of interest)
    • 12 to 12.50% p.a. (fixed rate for 20 years)
    • 10.30% p.a. onwards
    • 12 to 12.50% p.a. (fixed rate for 20 years)

    Axis Bank NRI Home Loan

    Key Highlights
    • Minimal processing fees
    • Flexible tenures
    • Hassle-free process
    Interest Rate for Salaried Interest Rate for Self-Employed
    • 8.90% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate)
    • 8.95% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate)

    Axis Bank Empower Home Loan

    Key Highlights
    • Financing of up to Rs.1.5 crore
    • Interest rate reductions if you maintain a good repayment record
    • No prepayment charges
    • Balance transfer facility available
    Interest Rate Processing Fee
    9.55% p.a. onwards Up to 1% of the loan amount + GST

    Axis Bank Super Saver Home Loan

    Key Highlights
    • Minimum loan amount of Rs.50 lakh
    • No prepayment charges
    • Save on the total interest payable
    • Tenure of up to 22 years
    Interest Rate Processing Fee
    9.20% p.a. onwards Up to 1% of the loan amount + GST

    Axis Bank QuikPay Home Loan

    Key Highlights
    • Save more on interest
    • Pay higher amount of principal earlier in the tenure
    • No prepayment charges
    • Option to avail balance transfer facility
    Interest Rate for Salaried Interest Rate for Self-Employed
    9.05% p.a. onwards (floating rate) 9.15% p.a. onwards (floating rate)

    Axis Bank Power Advantage Home Loan

    Key Highlights
    • Fixed rate of interest for the initial two years of the loan
    • Interest subsidy under Pradhan Mantri Awas Yojana (PMAY) available
    • Avail balance transfer facility
    • Hassle-free documental and quick loan disbursal
    Interest Rate for Salaried Interest Rate for Self-Employed
    8.95% p.a. onwards (fixed + floating rate) 9% p.a. onwards (fixed + floating rate)

    Axis Bank Home Loan Calculator

    Calculating your EMI (equated monthly instalment) will help you plan your finances once you take the loan. In order to calculate, you can use the BankBazaar Axis Bank Housing Loan EMI Calculator.

    This easy-to-use online tool lets you calculate your monthly instalments in a quick manner. All you need to do is enter all your loan-related details, including the loan amount, tenure, applicable rate, and processing fee. After that, hit the button “calculate” to view the EMI amount.

    This will be followed by an amortisation table where you can view a detailed breakdown of your payment schedule.

    Axis Bank Home Loan Eligibility Criteria

    Age 21 years to 57 years
    Nationality Resident Indians and NRIs
    Employment type Salaried and self-employed

    Documents Required for Axis Bank Home Loan

    • Proof of identity
    • Address proof
    • Birth certificate
    • Income proof
    • Processing fee cheques
    • Loan agreement document
    • Property documents
    • Own contribution proof
    • Sanction letter

    Axis Bank Pradhan Mantri Awas Yojana

    You can get the benefits of the Pradhan Mantri Awas Yojana (PMAY) scheme through Shubh Aarambh and Power Advantage schemes. The benefits of PMAY include:

    • Interest subsidy on loans
    • Benefits for NRIs as well
    • Subsidy for tenures up to 20 years
    Axis Bank Housing Finance FAQs
    1. What type of interest rates does Axis Bank offer?

      The bank offers both fixed and floating rate loans. In case of floating rate loans, the interest rate will change with a change in the bank’s MCLR (Marginal Cost of Funds-based Lending Rate). The rate remains fixed throughout the tenure in case of fixed rate loans.

    2. Can I pay a higher principal loan amount at the beginning of the loan tenure?

      If you sign up for the QuikPay scheme, you can pay a higher principal amount so as to reduce the burden of interest.

    3. Can I transfer the outstanding loan from another bank to Axis Bank?

      Yes, some of the home financing schemes offer balance transfer facility. You can transfer the outstanding amount to Axis and pay off the loan at lower rates.

    4. Are all the schemes available for salaried individuals?

      All the schemes excluding the Empower Home Loan are available for salaried individuals. The Empower scheme is only for self-employed professionals and non-professionals.

    5. How much interest subsidy will I get under the PMAY scheme?

      You can get an interest subsidy of 6.50% p.a. depending on the income group/segment you belong to.

    6. How can I get my EMIs waived off?

      Axis bank offers a few schemes like Asha and Shubh Aarambh where you can get 12 EMIs waived off, provided you have a good repayment history.

    7. What’s the minimum amount that I can borrow?

      The minimum amount you can borrow is Rs.1 lakh.

    8. Can I add a co-applicant to get the loan?

      Yes, you can apply jointly with a co-applicant.

    9. Can I change my fixed rate loan to floating rate or vice versa?

      Yes, you can switch from a floating rate loan to a fixed rate loan. However, you have to pay certain additional charges for that.

      

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    Axis Bank Home Loan Reviews

    • Axis Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I was offered with Axis bank Housing Finance Loan with the nominal rate of interest of 8.5% . I have applied for 16 lakh but they offered me up to 20 lakh which makes me more satisfy. There documentation was done very smooth and staff were very responsive all went good.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 19, 2019
    • Axis Bank
      Axis Bank Home Loan
      "There is no follow up call from Axis"
      0.5 3.0/5 "Satisfactory"
      I came to know about that Axis bank home services is very fast hence i have applied the loan with them. I applied the loan amount of Rs. 25 lakhs for the tenure period of 25 years. They have provided me a interest rate of 10%. Bank has rejected the loan because its a vacant land and commercial basis but after that i did not have any follow up with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2019
    • Axis Bank Home Loan
      "Good card"
      0.5 5.0/5 "Blown Away!"
      I am holding AXIS BANK credit card , they offered me good credit limit with this card . I ma holding this card for past 1 year . The features is attractive with this card and even offers are decent here . Customer service are very professional . I am not doing net banking i am using NEFT which is very easy.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jul 04, 2019
    • Axis Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been taken my housing loan with Axis bank a month back, my requirement was up to 30,00,000 and even more than that, the loan amount they have given me just 25,00,000 which was not sufficient, the flat worth rs. 50,00,000 , they have charged me bit high rate of interest they have charged me up to 9% which felt was bit high.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 04, 2019
    • Axis Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in AXIS bank before 3 years ago, which was processed directly to bank, within 2 days loan got sanctioned from bank for the sufficient amount direction of 14 years. The rate of interest and the processing fee are nominal. I have done extra part payment twice within certain years so that they have reduced to tenure from 20 to 14 years.
      Was this review helpful? 1
      , indore
      Reviewed on Jul 03, 2019
    • Axis Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The identified property which I wanted to purchase has been canceled so I told Axis Bank, still am in process of identifying the property. I will take this loan later. After 2days I got a call from the executive. If I take a home loan, they will waive the last EMI and there is no charges for fore closure and part payment. The rate of interest is nominal and it was around 9%. There was a processing fee of 5K for the loan amount of below 30L.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 02, 2019
    • Axis Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Documents were collected on time and the customer service was good. Rate of interest was nominal with this bank. The process was quick . I have a home loan with AXIS BANK The loan amount was satisfactory with tenure period is good . Overall it is good experience with this bank .
      Was this review helpful? 0
      , delhi
      Reviewed on Jul 02, 2019
    • Axis Bank Home Loan
      "Service is good"
      0.5 4.0/5 "Great!"
      My home loan was taken from Axis bank in the year of 2016. My requirement was Rs. 12 lakhs but other bank provided me only Rs. 9 lakhs but axis bank approved me for the entire amount hence i have chosen the Axis bank. They have offered me a interest rate of 9.25%. I have pre-close this loan without any extra charges. Given me a approval in less days.
      Was this review helpful? 4
      , pune
      Reviewed on Jun 24, 2019
    • Axis Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Home Loan from them a long time back and the experience i had with AXIS BANK has been good. The process was good and there was no added charges made by them. The interest rate with them has been good when compared with the maket rate, the customer support response has also been pretty good and they where helpful.
      Was this review helpful? 2
      , pune
      Reviewed on Jun 23, 2019
    • Axis Bank Home Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      Axis Bank has provided me a maximum amount of loan to purchase the home, they have provided me 100% funding which am most happy. I have closed the loan. The customer service is better. There was a processing fee and the interest rate is nominal.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 22, 2019
    • Axis Bank Home Loan
      "Good Service"
      0.5 2.5/5 "Just OK"
      I have taken home loan directly through Bank.The rate of interest and the processing fee was nominal ,directly applied through bank ,The loan amount was 16.85 lakhs ,for the tenure of 20years ,still this loan is active .I have got the loan on time and it was sufficient as well .I am completely satisfied with the service .
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jun 14, 2019
    • Axis Bank Home Loan
      "Need to decrease charges"
      0.5 3.5/5 "Pretty good"
      I was taken home loan in AXIS bank for more than 2 years. The amount was not much sufficient to use for the duration of 30 years. While I was applying the banker refuse to aply for PNY so the loan GST hike for up to 10%. Charges is high in this bank for the scheme to apply. Rate of interest was 8.35% but now increase to 8.95%. Regarding about this there be should aware about all the details.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 07, 2019
    • Axis Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have directly applied 50 Lakhs home loan from Axis Bank for 15 years tenure ,The rate of interest is as per the market value and there was no processing fee,The,loan amount disbursed on time also the loan amount was sufficient ,The agent gave all details about the loan process still the loan is active.
      Was this review helpful? 2
      , new delhi
      Reviewed on May 29, 2019
    • Axis Bank Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in AXIS bank for the past 3 years ago. As per my requirement i received a loan amount from the bank for the tenure of 20 years and on time it got sanctioned. The rate of interest is nominal. The processing fee is nominal and good.
      Was this review helpful? 1
      , jaipur
      Reviewed on May 26, 2019
    • Axis Bank Home Loan
      "Hassle free and userfriendly loan experience"
      0.5 4.0/5 "Great!"
      AXIS have sanctioned the loan based on my apartment, they disbursed the amount at one short since its a ready to occupy property. The interest rate was reasonable at the time of availing loan. They do have balance transfer, part payment option.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 25, 2019
    • Axis Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken Home Loan directly through Bank.The loan amount was 33.25 lakhs for the tenure of 20yesrs ,This loan still is active ,The rate of interest and processing fee was nominal ,The agent gave all the information about the loan process clearly ,The loan got sanctioned on time ,the loan amount was sufficient.
      Was this review helpful? 1
      , chennai
      Reviewed on May 25, 2019
    • Axis Bank Home Loan
      "BETTER"
      0.5 3.5/5 "Pretty good"
      I have applied for the home loan with the HOME LOAN with the AXIS BANK where th banking process was good get the loan the documentation process was simple and easy to get the loan. The rate of interest was nominal also the loan amount given was good.
      Was this review helpful? 2
      , kolkata
      Reviewed on May 17, 2019
    • Axis Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had recently taken my Home loan from AXIS Bank and the process in getting my loan was pretty much good and it was easy. The loan amount has been sufficient and the interest rate with them had been nominal. The processing fee and charges with them had also been good. Their customer support response had also been pretty much good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 14, 2019
    • Axis Bank Home Loan
      "Good customer support"
      0.5 5.0/5 "Blown Away!"
      I took housing loan from Axis, the interest is good as per the RBI. I got good support from their end, once I went to the bank within 10 days they approved my loan. The customer center is also very cool, they are understandable. I took the loan amount of Rs.60 lakhs for the duration of 20 years, they took some insurance fee as well.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 13, 2019
    • Axis Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Axis Bank Home loan through Bank directly rate of interest and the processing fee was increased to 2% .I have took before 2years ,The loan amount got on time ,it was sufficient,documents submitted as well .The loan amount was 16lakhs for the tenure of 20years.The service was good to me so far .
      Was this review helpful? 0
      , chennai
      Reviewed on May 06, 2019
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