A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 2 Axis Bank Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Axis Bank Home Loan is Rated as "Great!" by 2207 Users

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    Promised Interest Rate

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    Home Loan BYTES FROM OUR KITCHEN

    Axis Bank Home Loan

    Established in 1993, Axis Bank is India’s third largest private sector bank. Its comprehensive product line and competitive rates make this the go-to bank for millions of customers in the nation. Very well recognised for their home loan products, an Axis bank home loan can be availed easily and effortlessly either by visiting one of their numerous branches across the nation or by applying online.

    Axis Bank Home Loan Interest RatesUpdated on 20 Jul 2018

    Axis Bank Home Loan Details
    Interest Rate 8.35% to 11.75%
    Super Saver Scheme - 9.25%
    Processing Fees 0.5 of Loan amount minimum of Rs.10,000
    Loan Tenure 1 year to 30 years
    Super Saver Scheme - 1 year to 20 years
    Partial pre-payment Charges Nil
    Pre-closure Charges Nil
    Guarantor Requirement No Guarantor Required

     

    Axis Bank Housing Loan

    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.

    Axis Bank provides customers with a wide range of banking solutions of which housing loans are among one of the organization’s most popular and attractive products.

    Some of the best features that lend to the popularity of Axis Bank Home Loans:

    • Extremely affordable interest rates, keeping in mind the customer’s requirements and budget limitations.
    • Flexibility of tenure.
    • Fast and Easy processing for both self-employed and salaried individuals.

    Features and Benefits of Axis Home Loans

    Axis Bank Housing Loan

    Axis Bank Home Loans come with a number of attractive features and benefits such as:

    • Affordable Rates of Interest: Axis Bank offers customers attractive and affordable rates of interest, which make it convenient for the customer to make installment payments towards their home loans.
    • Interest Rate Flexibility: Customers have the option to choose from either fixed rate of interest or floating rate of interest as per their convenience. Customers can make an informed decision based on interest rate trends and choose accordingly.
    • Balance Transfer: Customers also have the opportunity to transfer their home loan balances from other banks to Axis Bank in a hassle free manner.
    • Personalised Service: Axis Bank makes it easier for customers to apply for home loans by providing assistance right at the customer’s doorstep. This significantly reduces the time and effort that a customer will invest in by applying for a home loan at one of the bank’s branches.
    • No Prepayment Fees: Customer who wish to pay out their home loans in advance have the option to do so without being charged any prepayment fees.
    • Simple and Easy Processing: Applying for a home loan with Axis Bank is a quick and simple process, wherein the customer is aware of the status of his or her application at all times. The bank ensures that there is complete transparency during the processing of home loans.
    • Substantial Tenure Periods: Customers can avail of home loans with tenures of up to 30 years, which greatly reduces the amount of EMIs they would have to make every month.

    Axis Bank Home Loan Eligibility

    Salaried Individuals
    • All individuals who are employed in Government service or with organizations of repute are eligible to apply for a home loan with Axis Bank
    • The applicant is required to be a minimum of 24 years of age at the time of disbursal of the loan and a maximum of 60 years of age at the time of maturity of the loan
    Professionals
    • The following professionals are eligible to apply for a home loan with Axis Bank
      • Architects
      • Company Secretaries
      • Dentists
      • Chartered Accountants
      • Engineers
      • Management Consultants
      • Cost Accountants
      • Doctors
    • The applicant is required to be a minimum of 24 years of age at the time of disbursal of the loan and a maximum of 65 years of age at the time of maturity of the loan
    Self-Employed Individuals
    • Any self-employed individual that files income tax is eligible to apply for a home loan with Axis Bank.
    • The applicant is required to be a minimum of 24 years of age at the time of disbursal of the loan and a maximum of 65 years of age at the time of maturity of the loan.
    Apply for Home Loan Online

    Documentation Required for Axis Bank Home Loan

    Applicants are required to submit the following documents to the bank at the time of applying for a home loan

    Identity Proof
    • Passport
    • Voter’s ID
    • Driving license
    • Aadhaar Card
    • PAN Card
    • Job Card issued by NREGA
    Address Proof
    • Passport
    • Voter’s ID
    • Driving license
    • Aadhaar Card
    • Job Card issued by NREGA
    Income Proof For Salaried Employees:
    • Previous 3 months salary statements
    • Form 16
    For Self-employed Individuals:
    • Previous 2 years Income Tax returns
    • Previous 2 years income computation with CA certification
    Bank Statement Last 6 months bank statements or the pass book into which the applicant’s salary is deposited
    Gaurantor A guarantor is not mandatory. However, the applicant has the option of submitting a guarantor form

    Axis Bank Home Loan Interest Rate

    Axis Bank offers customers some of the most attractive and competitive home loan interest rates in the country.Interest rates on home loansare given out depending on whether the customer opts for a floating rate loan or a fixed rate loan. Home loans with floating rates help in minimizing the risk involved due to interest rate fluctuations while home loans with fixed rates offer more structure when it comes to monthly repayments as the rates remain static for a fixed period of time.

    Axis Bank offers interest rates on home loans as follows:

    Home Loan Amount ROI - Salaried ROI - Self Employed
    Upto 30 Lakhs 8.35% 8.40%
    Above 30 Lakhs to 75 Lakhs 8.65% 8.70%
    Above 75 Lakhs 8.70% 8.75%

    Axis Bank also offers interest rates of 8.35% - 8.75% per annum on Fixed Rate home loans.

    Axis Bank MCLR Rate for Home Loans

    Axis Bank Home Loan

    As of April 1st 2016, Axis Bank has set its Marginal Cost Based Lending Rate (MCLR) at 8.15% with the MCLR reset frequency set at half yearly for home loans.

    Axis Bank Home Loan Fees and Charges:

    • Processing fee – Up to 1% of the loan amount on a minimum of Rs.10,000
    • Penal interest rate – 24% p.a. or 2% per month
    • Fees for switching – 0.5% of the outstanding principal on Rs.10,000
    • Repayment instruction / Cheque return charges – Rs.500
    • Cheque swap charges – Rs.500
    • Duplicate statement issuance charges – Rs.250

    Axis Bank Home Loan EMI Calculator

    Customers can ascertain the amount of monthly installments they will need to make on a monthly basis towards their home loan by accessing the EMI calculator available on BankBazaar. The EMI calculator is an easy-to-use tool, which helps in determining the amount of loan a customer really requires and doubles up as a budgeting tool by assisting customers in managing their loan repayments.

    By visiting the BankBazaar homepage, one can locate the Home Loan EMI Calculator in the Finance Tools section. After entering relevant information such as the loan amount, loan tenure and rate of interest, the EMI calculator will compute the EMI amount that you will be required to pay every month along with other information such as the amortisation schedule among other things.

    Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme by Axis Bank

    Credit Linked Subsidy Scheme or CLSS under PMAY (Pradhan Mantri Awas Yojana) offers interest subsidy on the home loans to the beneficiaries who are eligible and come under the MIG (Middle Income Group), LIG (Lower Income Group) or EWS (Economically Weaker Sections) segments.

    Eligibility Criteria for Applying PMAY Scheme:

    EWS and LIG:

    • The maximum house income can be up to Rs.6 lakh per annum.
    • The carpet area of the property has no maximum limit.
    • The maximum loan amount that is eligible for subsidy calculation stands at Rs.6 lakh
    • The maximum tenure for loan is 20 years.
    • Interest subsidy stands at 6.50% per annum.
    • The subsidy amount stands at Rs.2.67 lakh.

    MIG I:

    • The maximum house income can be between Rs.6 lakh and Rs.12 lakh per annum.
    • The maximum carpet area of the property must be 90 sq.m.
    • The maximum loan amount that is eligible for subsidy calculation stands at Rs.9 lakh
    • The maximum tenure for loan is 20 years.
    • Interest subsidy stands at 4% per annum.
    • The subsidy amount stands at Rs.2.35 lakh.

    MIG II:

    • The maximum house income can be between Rs.12 lakh and Rs.18 lakh per annum.
    • The maximum carpet area of the property must be 110 sq.m.
    • The maximum loan amount that is eligible for subsidy calculation stands at Rs.12 lakh
    • The maximum tenure for loan is 20 years.
    • Interest subsidy stands at 3% per annum.
    • The subsidy amount stands at Rs.2.30 lakh.

    Types of Axis Home Loans

    Axis Bank offers customers a choice of four different types of home loans to choose from, which are specifically designed to meet certain needs and requirements of the customer. The different home loans on offer are as follows:

    Axis Bank Happy Ending Home Loan:

    Under this home loan, customers can use the loan amount for the following purposes:

    • Purchase of a ready-made house
    • Purchase of house that is under construction
    • Purchase of a house that has been put up for resale
    • Purchase of a plot
    • Construction on the plot

    Customers who pay their EMIs on a regular basis can get a waiver on their last twelve EMIs provided that their repayment history is satisfactory. The minimum loan amount disbursed under this scheme is Rs 3 Lakhs, while interest rates range from 9.45% to 9.60% depending on the loan amount availed as well as the profile of the customer.

    Axis Bank Empower Home Loan:

    This particular type of home loan can be utilized by customers for the following:

    • Purchase of a ready-made house
    • Purchase of house currently under construction
    • Purchase of a self-constructed house
    • Purchase of a plot plus construction on the plot
    • House renovations, improvements and extensions

    Under this scheme customers can procure a minimum loan amount of Rs 10 lakhs, with interest rates ranging from 10.30% per annum for loans upto Rs 28 lakhs and 10.35% per annum for loans above Rs 28 lakhs.

    Axis Bank Asha Home Loan:

    This home loan scheme can be used by customers for

    • Purchase of a ready-made house
    • Purchase of house currently under construction
    • Purchase of a self-constructed house
    • Purchase of a plot plus construction on the plot

    Under this scheme customers can avail of loan tenures stretching up to 30 years. The minimum loan amount on offer is Rs 1 lakh, and salaried customers can avail of interest rates of 9.95% while self-employed customers are eligible for interest rates of 10.15%.

    Axis Super Saver Home Loan:

    Under this home loan scheme, customers can save on interest that they pay towards their loan by depositing any surplus amounts into their Super Saver Account. This helps in the reduction of the outstanding principal. The customer will then only be liable to pay interest on the remaining outstanding loan amount. These loans come with attractive rates of interest and high repayment periods of up to 20 years.

    Axis Bank Home Loan Transfer Scheme

    Axis Bank also offers customers the opportunity to transfer their outstanding home loan balances with other banks over to Axis Bank at low interest rates. The main features of this transfer scheme are:

    • Low and affordable rates of interest
    • Customers can pay out their loan as per their convenience with no prepayment fees or charges
    • Top up facility is available under this scheme, wherein customers can top up their loan to more than 30% of their existing loan
    • Transfer of outstanding balance is quick, simple and hassle-free
    • To avail of this scheme customers are required to have a good loan repayment record with no missed payments for the previous 18 months on their existing loan

    eDGE Loyalty Points on Axis Home Loan

    Customers who have successfully procured a home loan from Axis Bank are eligible to earn eDGE loyalty points on their loans through the following ways:

    On Approval of a Home Loan:

    Loan Amount Disbursed Loyalty Points Earned
    Rs 25 lakhs or lower 500
    More than Rs 25 lakhs but not more than Rs 75 lakhs 1000
    More than Rs 75 lakhs 2000

    On Top-Up Home Loan:

    Loan Amount Disbursed Loyalty Points Earned
    Rs 25 lakhs or lower 250
    More than Rs 25 lakhs but not more than Rs 75 lakhs 500
    More than Rs 75 lakhs 1000

    On Completion of Every Year of Existing Home Loan:

    Loan Year Completed Loyalty Points Earned
    1st Year 100
    2nd Year 200
    3rd Year 300
    4th Year 400
    5th Year and every complete year henceforth 500

    Why Apply for an Axis Bank Home Loan on Bankbazaar?

    Customers looking to apply for an Axis Bank home loan through BankBazaar can experience a range of advantages and benefits such as:

    • Easy Comparability- Customers have the advantage of comparing home loans offered by a wide variety of banks, which will aid in making sound decisions when it comes to choosing which bank offers the right type of loan. By browsing through customer reviews and availing of BankBazaar’s 24 hour customer care service, applicants can make informed decisions regarding their home loans.
    • No Fees or Charges- BankBazaar levies no fees or charges for its services, making it an extremely convenient portal through which home loans can be acquired.
    • Hassle-free Process- Collection information as well as applying for home loans through BankBazaar is an easy process, which helps customer’s save an incredible amount of time and effort.
    • Data Security- BankBazaar ensures that all data entered by customers is completely secure and confidential, making the process of applying for a home loan absolutely risk free.

    Axis Bank Home Loan FAQs

    1. Are prepayment charges applicable on both floating as well as fixed interest rate home loans?

      Prepayment charges are applicable only on fixed interest rate home loans. Floating interest rate home loans do not attract any prepayment fees or charges.

    2. Can home loans acquired from Axis Bank be utilized for property renovations or extensions?

      Yes. Axis Bank home loans can be used for any of the following:

      • Purchasing or buying or a home or residential property
      • Construction of a residential property or home
      • Repairs and renovations of a home owned by the individual
      • Improvements and extensions of the residential property owned by the individual
    3. What are the charges levied when applying for a home loan from Axis Bank?

      Some of the main fees or charges that may be levied are as follows:

      • Duplicate Statements - Rs 250 per copy
      • Duplicate Certificate of Interest - Res 250 per copy
      • Cheque Charges - Rs 500
      • EMI Late Payment Fee - 2% per month of outstanding monthly installments

     

    AXIS Bank Fixed Interest Home Loans

    People who already have a home loan will agree that one of the key factors that makes repaying home loan difficult is the frequently changing interest rates. From time to time, banks keep changing their interest rate as they charge floating interest rate on most of their home loans. There are a very few banks that offer fixed interest rate on home loans. Axis Bank is one of the banks that offer fixed interest rate home loans. For more details: Click Here

    Axis Bank Happy Ending Home Loan

    Paying your home loan EMIs on time definitely has its own benefits. Apart from helping you maintain your financial health, being a prompt payer can get your last 12 home loan EMIs free. Yes, that's true! Axis Bank now offers “Happy Ending Home Loans” under which the bank waives the last 12 EMIs on home loans if the borrower has paid all the other EMIs promptly. Isn’t that interesting? To know about the unique features of Axis Bank Happy Ending Home Loans: Click Here

    Home Loan - Sitemap

    Axis Bank Home Loan Reviews

    • Axis Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had a very good experience in taking this loan and the process in getting the loan had been smooth and easy. The loan amount which was disbursed on the right time and it was fulfilling my requirements. The interest rate with them had been good, even with the staff or the customer support also had been supportive. I am planning for a Top Up as well with them.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 17, 2018
    • Axis Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got my housing loan from Axis bank . Am not satisfied with rate of interest which is too high The customer service and response is good. It took 45 days for the documentation and approval process. They gave the tenure period of 5 years where i make the payment through ecs .
      Was this review helpful? 0
      , greater noida
      Reviewed on Jul 10, 2018
    • Axis Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very good where the loan amount which they had given had been satisfactory as well as the interest rate also had been normal as well. Their customer support and the staff response also had been very good where there has not been any issues faced with any of the services of them.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 09, 2018
    • Axis Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this home loan had been very good and the process had been very smooth and easy. The interest rate which they had been offering had been good as well as their staff responses had been good so far. The loan amount which they had provided had been good and there has not been any hassles faced with their services.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Axis Bank Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I had a plan to take my personal loan with AXIS bank. I did not get any calls form the bank end. The loan amount was 50 lakhs . Their customer service and responsiveness was not good. I was waiting for the call but i did not receive any calls from them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2018
    • Axis Bank Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I had a plan to take my home loan from AXIS bank. I did not get any calls form the bank end. The loan amount was 50 lakhs . Their customer serve and responsiveness was not good. I was waiting for the call but i did not receive any calls from them.....
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2018
    • Axis Bank Home Loan
      "Customer service / House loan service/ EMI service very poor"
      0.5 0.5/5 "Unacceptable"
      Customer service / House loan service/ EMI service very poor and worst. They increase the EMI / ROI as per there convenience. They never send the monthly details to the email. There is no proper communication. They dnt give proper explanation
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2018
    • Axis Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The process in getting the loan has been very good and the loan amount which they had given has been very good. The interest rate with them has been good and it has been the reason i have chosen with them. There has not been any issues faced with the banking services of them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Axis Bank Home Loan
      "Not Satisfactory"
      0.5 2.0/5 "Expected more"
      The experience with them had been very good so far with them. The customer support has not been up to the mark. It will not be recommendable to any of my friends. It has been taken more time than the usual. The rate of interest has been good with them. But the loan amount which they had provided had been not satisfactory.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 08, 2018
    • Axis Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan almost 9-10 years back. It has been an easy process in taking this loan amount. The rate of interest which they had been charging had been very less compared with the market. Their customer support also had been good, and i am satisfied with the loan amount which they had provided with and it has been as per the requirement.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 05, 2018
    • Axis Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience has been very good with them so far and the rate of interest which they had been offering also had been very good as well. It took nearly a week in receiving the loan amount and everything went well and there has not been any issues faced so far.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 30, 2018
    • Axis Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan was taken with AXIS BANK 1.5 years back. The loan amount was 20 lakhs and the interest rate was 8.8% which is bit high and the tnrue period was 25 years . The process was very smooth and the loan was approved on time .I had a very good experience here overall.
      Was this review helpful? 0
      , chennai
      Reviewed on May 30, 2018
    • Axis Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I took a home loan from the Axis bank. It was tedious process, loan process was very slow.The application and the documentation was also not so fast. The communication part was also not prompt. Overall it was not a smooth experience at all if you compare with other banks in the market.
      Was this review helpful? 0
      , chennai
      Reviewed on May 28, 2018
    • Axis Bank Home Loan
      "Average Home Loan"
      0.5 2.5/5 "Just OK"
      Each and everything they want money only. I have applied a home loan of Rs.21 lakhs. They charged me a processing fee of Rs.12000. Interest rate they provided is quite high which is 11.75%. I used to pay the EMI of Rs, 19000. I have to pay the EMI for 7 years. It is not much easy to get the Home loan. They have agent to approve the loan quickly. Within 15 days i got my Home loan.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2018
    • Axis Bank Home Loan
      "Satsified Service"
      0.5 4.0/5 "Great!"
      I am overall satisfied with the services of AXIS bank for home loan, the process was very lengthy and it took more than 1 month to receive the loan. The rate of interest was nominal when compared to other banks. Customer service is up to the mark and their response was delayed.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 20, 2018
    • Axis Bank Home Loan
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      I have applied my HOME LOAN from this bank and i have got it very easily. When i applied for the loan i have got my lolan with in 1 month. The rate of interest what they provided to me is little high and the percentage is that 9.5%. I have chosen for the floating interest, i have to pay it for 20 years and i paying from last 2 years.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 10, 2018
    • Axis Bank Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have my home loan with AXIS Bank which was taken 2.5 years back. The loan amount was 23 lakhs and the interest rate was 8.5% which is average . The tenure period was 15 years . The process was really good and the documentation process was really easy but The fees and charges are very high.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 19, 2018
    • Axis Bank Home Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      I have taken a home loan from Axis Bank and the process to get the loan was good. They have been on time to contact me and collect my paper work. The interest rate and processing charges are also good. The after loan services are also good and smooth.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 11, 2018
    • Axis Bank Home Loan
      "Quick process"
      0.5 5.0/5 "Blown Away!"
      I had taken a Home loan from the Private sector bank AXIS BANK. They sanctioned my promised principle loan amount with in short period. The principle loan amount is 17 lakhs. The customer support is good and well responsive. I can say the process is very fast.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 10, 2018
    • Axis Bank Home Loan
      "It's a fraud bank"
      0.5 0.5/5 "Unacceptable"
      I have a home loan from axis bank. Be aware of these frauds from axis bank. What they commit and what do was totally different, And later bank refused to help. It was a balance transfer and they had committed that tenure will be 30 years with ROI 8.35 with certain top up amount. Later processed my loan for 20 year tenure while my loan in previous bank was for 30 year. Later they refused to disburse complete top amount and also increased ROI. When I contacted their customer care, there regional head nothing happened. They simply refused to help. Guys beware of these frauds.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 04, 2018
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