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    Axis Bank Home Loan

    Axis Bank offers affordable home loans at competitive interest rates catering to your needs. Quick processing and approval of loans along with zero pre-closure and partial payment charges makes them one of the most preferred housing loans.

    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
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    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
    Fees & Charges
    Good to Know
    Axis Bank Home Loan is Rated as "Great!" by 2237 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    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 14 Dec 2018

    Axis Bank Home Loan Details
    Interest Rate 8.80% 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.

    Super Duper Deals Home Loan Offer On BankBazaar:

    • Offer Run Date: 1st December 2018 to 31st December 2018.
    • Offer on Home Loan: Get Rs. 5000 Amazon gift voucher on disbursal
    • Eligibility Cut-off: All home loan disbursed cases on or before 31st March 2019
    Click Here to Apply

    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 8.50% 8.55%
    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 has set its Marginal Cost Based Lending Rate (MCLR) at 8.50% 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
      "Unhappy with the services"
      0.5 2.0/5 "Expected more"
      Axis Bank has not been up to the mark for the personal loan. I have taken a floating rate of interest and they have offered me a floating rate in a another category. They have not been transparent in the details. I would not wish to recommend them to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 13, 2018
    • Axis Bank Home Loan
      "Average Financial service"
      0.5 4.0/5 "Great!"
      I have taken Housing loan form axis bank . Before taking loan they have explained the terms and conditions told about the pre closure charges . There are nominal charges for the loan account . The rate of interest is bit high but they instantly approved the loan . Overall am happy with their financial service .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 12, 2018
    • Axis Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had been having this Home loan in a different bank and in the recent years i had transferred it to Axis since because of the good services which they are providing. The process was good while transferring the loan and the interest rate has been nominal when compared with the market rate. There has not been any extra charges which they had made.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 10, 2018
    • Axis Bank Home Loan
      "Satisfactory Experience"
      0.5 4.0/5 "Great!"
      My home loan running with Axis, the interest rate is standard as other banks. They have very good customer support they have virtual RM for all customer. They have processed the required amount, they have floating interest, there is no part payment or pre closure charges.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Dec 07, 2018
    • Axis Bank Home Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I went to the AXIS, because of the best interest rate and documentation part is also. After the loan disbursement I could loan details through online by netbanking. I got the interest of 8.5 % for 16 lakhs for the tenure of 25 years its satisfactory for me.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2018
    • Axis Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My home loan was taken with AXIS BANK , the tenure period is 20 year . The services was good and process was smooth , i receive the loan on time .They did not gave option of preclosere and processing fee is nominal. They charge rate of interest which is nominal in the market .
      Was this review helpful? 0
      , surat
      Reviewed on Dec 04, 2018
    • Axis Bank Home Loan
      "Satisfactory Loan Process"
      0.5 4.0/5 "Great!"
      I have taken the loan of Rs. 56 lakhs, they taken the processing fee around Rs. 1000. Axis bank quoted me 8.5% for the tenure period 22 years. I got the floating request, I am happy about the interest rate and process is good. I don't have any issues with them.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 04, 2018
    • Axis Bank Home Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I am happy with Axis Home loan, they done the process on time, paper less formalities has been done with out any difficulties. The bank executive came to my place collected the paper its fine. I have received better interest rate from Axis bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 04, 2018
    • Axis Bank Home Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      Very poor service and will make life difficult once the loan is processed. No courtesy at all. I am facing all problems with axis and the rep is not responding at all. I strongly suggest to be away from axis home loan even if you get lower interst rate.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 02, 2018
    • Axis Bank Home Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have applied for the housing loan from the AXIS BANK where i have taken the housing loan by applying with the hassle free documentation process. Thee duration to repay the loan is for 8 years. The rate of interest is very higher than others.
      Was this review helpful? 4
      , durgapur
      Reviewed on Nov 26, 2018
    • Axis Bank Home Loan
      "Average service"
      0.5 4.0/5 "Great!"
      It was an average experience with AXIS bank for home loan, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer support was not up to the mark with AXIS bank and the tenure period for this loan is 10 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 16, 2018
    • Axis Bank Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using the housing loan from the AXIS BANK from past three to four months i have applied it where the process is quick to get the loan it took 20 days to get the loan. The documentation process is simple the loan amount is very good also the rate of interest is 8.5% which is floating.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Axis Bank Home Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I took housing loan from Axis bank, they gave me 9.25% of interest for the tenure for three years. My principal amount of Rs.2.5 lakhs, they do have foreclosure option. They disbursed the loan amount on time, the interest rate and processing amount its good. For three years they are charging Rs. 30,000 of interest its fine.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 10, 2018
    • Axis Bank Home Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      They will changes the rate of interest which is higher when compare to the others and it is floating. I am using from last 2007. The loan amount is sufficient and also the process is also good. The duration is for 20 years to repay the loan added on that the customer service is not good because they are not informed regarding the charges.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 10, 2018
    • Axis Bank Home Loan
      "Can Be Better"
      0.5 3.0/5 "Satisfactory"
      I Applied for a home loan with Axis bank. I am not happy with the Rate of Interest. Beginning it was somewhere between 10.25 and now it has come down to 9.2%., The interest rates are not competitive compared to other banks.Other Banks provide a reasonable interest rates. While applying for this , my application was processed in a month.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 09, 2018
    • Axis Bank Home Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken home loan from axis bank Their customer service representative explained the terms and condition and the process . But they took 1 month nearly for documentation and approval . Am satisfied with the rate of interest which is the market price . They have given the tenure period of 5 years .
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 04, 2018
    • Axis Bank Home Loan
      "Process should be proactive"
      0.5 4.0/5 "Great!"
      Only reason to select AXIS bank is because of the funding is higher based on the salary account transaction, I have submitted the documents but it was very lengthly process, they took a month to complete. Customer service is also not upto the mark. However the interest rate is good.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 01, 2018
    • Axis Bank Home Loan
      "Home loan"
      0.5 1.0/5 "Really Bad"
      Worst experience of my life. I am repelling on my decision to go with mymynta and axis bank, cannught place branch. They are all lazy and unprofessional people and do not care of the timelines and keep giving false promises for weeks. My personal experience of dealing with Anil from my Myntra and Sahil makol axis branch manager is a nightmare.
      Was this review helpful? 7
      , new delhi
      Reviewed on Oct 15, 2018
    • Axis Bank Home Loan
      "Taking overcharged amount"
      0.5 0.5/5 "Unacceptable"
      I had applied for TOP-UP from Axis Bank, (Loan Dept) Goregaon - West, branch on April 2018. Mr. Ayush the sales person told me submit all the necessary documents for the loan procedure. I told him that "I do not have OC & Society Share Certificate" but still he said that you will get TOPUP without submitting these documents. Regarding the TOPUP it got declined on 12th May 2018 & Mr. Ayush gave me sanction letter for BT on 16th May 2018. SIGN BY MR. KUNDAN JOSHI (EMP 84207) MANAGER. "I AM APPLIED FOR TOPUP." I had inquired about the processing fee in the other Axis Bank branch, I came to know that fee is Rs. 2950/- only But Goregaon West had charged me Rs. 11800/- (2 Cheques of Rs. 5900+5900/-)
      Was this review helpful? 5
      , mumbai
      Reviewed on Oct 10, 2018
    • Axis Bank Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The service is good and i am using the AXIS BANK as a HOME LOAN from last 3 years. I got the satisfactory loan amount and they have given the rate of interest for 8.6% which is floating interest and the duration is period is 12 years and for every month auto debit from the account also the process is quick to get loan.
      Was this review helpful? 3
      , mumbai
      Reviewed on Oct 03, 2018
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