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  • Axis Pre Approved Home Loan

    Axis Bank offers various types of home loan schemes to its customers. The plans available are 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, NRI Home Loan, and Top-Up Home Loan. Each of these schemes comes with their own set of benefits. 

    Other than these home financing plans, you can also apply for pre-approved loans. It’s an offer that’s valid for a period of 6 months. Both existing and new Axis Bank customers can apply for this facility. The loan will be given to you based on two criteria: 

    • Your monthly or annual income 
    • The property you are planning to purchase 

    How does the Axis Bank Pre-Approved Home Loan Work? 

    You can visit your closest Axis Bank branch or go to the Home Loan Application form available on the bank’s website. You can share your contact details there. If you are eligible for the financing, a bank’s executive will give you a call. Based on your income and the property you are planning to purchase; the bank will offer you a Pre-Approved Home Loan.  


    1. What are the advantages of Axis Bank Pre-Approved Home Loan?

      With a pre-approved loan, you will get to know the amount you are eligible for. This will help you gauge how much more you need as additional funding to purchase your preferred property. Another advantage is fast processing of loan applications. Also, you need minimal documentation to avail this home financing facility.

    2. What’s the interest rate charged?

      The interest rate charged will depend on your loan eligibility, the type of property you are planning to purchase, and the tenure you have chosen. The final rate offered is solely at the discretion of the bank.

    3. How much time will it take to get the loan disbursed?

      The main advantaged of a pre-approved loan is that the bank has already decided the loan amount based on your eligibility. Axis will verify the title deed of the property after which the amount will be disbursed.

    4. What are the things I need to be aware of?

      Note that a pre-approved loan is an offer valid for a fixed period of time (6 months for Axis Bank). If you are unable to close the property deal within that period, the offer will eventually lapse, and you will have to go through the home loan application process again. You should also remember that the loan disbursal is not guaranteed. If your financial condition suffers a major setback, the bank may choose not to disburse the amount. Also, the advertised rate might change through the course of the offer validity period. If such happens, you might be charged rates different from the advertised rates.


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