Axis Bank offers eligible customers housing loan options with interest rates starting at 8.75% p.a. on floating rate loans, and 14% 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.
| Interest Rate | 8.75% p.a* |
| Loan Amount | 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
Find below the interest rates for different home loan schemes offered by Axis. 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 Home Loan Schemes | Salaried | Self-Employed |
| Axis Home Loan | 8.75% p.a. onwards | 8.85% p.a. onwards |
| Axis QuikPay Home Loan | 8.75% p.a. onwards | 8.85% p.a. onwards |
| Axis Power Advantage Home Loan | 8.75% p.a. onwards | 8.85% p.a. onwards |
| Axis Shubh Aarambh Home Loan | 8.75% p.a. onwards | 8.85% p.a. onwards |
| Axis Fast Forward Loan | 8.75% p.a. onwards | 8.85% p.a. onwards |
| Axis Asha Home Loan | 8.75% p.a. onwards | 8.85% p.a. onwards |
| Axis Super Saver Home Loan | 8.75% p.a. onwards | 8.85% p.a. onwards |
| Axis Top Up Home Loan | 8.75% p.a. onwards | 8.85% p.a. onwards |
| Axis Home Loan Schemes | Interest Rate for Salaried/ Self-Employed |
| Home Loan | 14% p.a. |
| QuikPay Home Loan | 14% p.a. |
| Power Advantage Home Loan | 14% p.a. |
| Shubh Aarambh Home Loan | 14% p.a. |
| Fast Forward Loan | 14% p.a. |
| Asha Home Loan | 14% p.a. – 12.50% p.a. |
| Super Saver Home Loan | 14% p.a. – 12.50% p.a. |
| Top Up Home Loan | 14% p.a. |
* The above-mentioned interest rates will vary depending on the individual’s creditworthiness and the type of home loan.
BankBazaar Axis Bank Home Loan EMI Calculator lets you calculate your EMI within a few minutes. This easy-to-use financial calculator gives you 100% accurate results every time. All you need to do is enter the loan amount, interest rate, tenure, and processing fee. Click on “Calculate” to view your EMI. You can also check a detailed breakdown of your repayment schedule through an amortisation table.
| Amount | 10 years | 20 years | 30 years |
| Rs.10 lakh | Rs.12,001 | Rs.8,209 | Rs.7,164 |
| Rs.20 lakh | Rs.24,002 | Rs.16,409 | Rs.14,328 |
| Rs.40 lakh | Rs.48,004 | Rs.32,838 | Rs.28,656 |
| Rs.50 lakh | Rs.60,005 | Rs.41,047 | Rs.35,821 |
*Lowest interest rate of 8.75% p.a. has been taken into consideration for this loan EMI illustration. Your final EMI amount can vary based on the rate offered to you by the bank.
Compare: Home Loan Interest Rate all Banks
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 home 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 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.
| Interest Rate for Salaried | Interest Rate for Self-Employed |
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* The above-mentioned interest rates will vary depending on the individual’s creditworthiness and the type of home loan.
| Interest Rate for Salaried | Interest Rate for Self-Employed |
|---|---|
|
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* The above-mentioned interest rates will vary depending on the individual’s creditworthiness and the type of home loan.
| Interest Rate for Salaried | Interest Rate for Self-Employed |
|---|---|
|
|
* The above-mentioned interest rates will vary depending on the individual’s creditworthiness and the type of home loan.
| Interest Rate | Processing Fee |
|---|---|
| 8.75% p.a. onwards (floating rate) | Up to 1% of the loan amount + GST |
* The above-mentioned interest rates will vary depending on the individual’s creditworthiness and the type of home loan.
| Interest Rate for Salaried | Interest Rate for Self-Employed |
|---|---|
| 8.75% p.a. onwards (floating rate) | 8.85% p.a. onwards (floating rate) |
* The above-mentioned interest rates will vary depending on the individual’s creditworthiness and the type of home loan.
| Interest Rate for Salaried | Interest Rate for Self-Employed |
|---|---|
| 8.75% p.a. onwards (fixed + floating rate) | 8.85% p.a. onwards (fixed + floating rate) |
* The above-mentioned interest rates will vary depending on the individual’s creditworthiness and the type of home loan.
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:
| Age | 21 years to 57 years |
| Nationality | Resident Indians and NRIs |
| Employment type | Salaried and self-employed |
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.
If you sign up for the QuikPay scheme, you can pay a higher principal amount so as to reduce the burden of interest.
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.
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.
You can get an interest subsidy of 6.50% p.a. depending on the income group/segment you belong to.
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.
The minimum amount you can borrow is Rs.1 lakh.
Yes, you can apply jointly with a co-applicant.
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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