Axis Bank Home Loan

Housing Loans to help you
fulfil your dream of owning a home

EMIs Waived Off*

12 EMIs can be waived off if all other EMIs have been paid regularly

No Prepayment Charges*

Loan should be live for atleast 10 years to avail waiver

Balance Transfer Facility

Transfer an existing home loan to Axis Bank without any hassle

Interest Rate Applicable

Minimum – Rs. 30,00,000
Maximum – Depends on combined income

Axis Bank Home Loan

Axis Bank Home Loan Features and Benefits

Avail attractive interest rates

Make your housing loans affordable and easier on your pocket every month with attractive home loan interest rates

Choose your interest rate type

Fixed and floating home loan interest rates available as per your preference

Application process

  Before you apply for a home loan, you can check your home loan eligibility here . Also, just to get an estimate of your loan amount you can use Axis Bank’s EMI Calculator for home loans. “Loans are at the sole discretion of Axis Bank and are subject to fulfillment of its terms and conditions and eligibility criteria stipulated by the Government/Reserve Bank of India (RBI) or such other statutory/ Regulatory Authorities from time to time. Please note that submission of documents for Bank’s perusal/scrutiny, by itself, does not constitute sanction, and final sanction would be subject to the loan proposal fully complying with the Bank’s norms/eligibility criteria. Images herein are provided only for pictorial representation and Axis Bank does not undertake any liability or responsibility for the same. The bank may use the services of agents for sales, marketing and promotion of the product. RBI does not keep funds or accounts of any individual/public/trust. Don’t be a victim to any such offers coming to you on phone or email in the name of RBI”.

Transfer loan balance with ease

Transfer your Home Loan to Axis Bank, without any hassles

Get service at your doorstep

Avail or repay the home loan from the comfort of your home or office

Pay no prepayment charges

No prepayment charges for paying off loans before the due date (only for loans availed at floating rate of interest)

Be assured of quick, transparent processing

Premium banking customers can contact their Relationship Manager for details of special benefits

Repay your loan over a longer tenure

Repay your home loan in smaller EMIs, over a longer tenure, depending on the situation of your finances

Earn eDGE Loyalty Points

eDGE Loyalty Rewards points for transactions and 500+ rewards and offers to redeem points. Earn points for these transactions: When you take a home loan 500 points if disbursal is less than or equal to 25 lakhs 1000 points if disbursal is greater than 25 lakhs but less than or equal to 75 lakhs 2000 points if disbursal is greater than 75 lakhs When you take a top-up home loan 250 points if disbursal is less than or equal to 25 lakhs 500 points if your disbursal is greater than 25 lakhs but less than or equal to 75 lakhs 1000 points if disbursal is greater than 75 lakhs On every anniversary year of your Home Loan 100 points on completion of the 1st year 200 points on completion of the 2nd year 300 points on completion of the 3rd year 400 points on completion of the 4th year 500 points on completion of the 5th year, 6th year, 7th year and so on until the closure of the loan For options to redeem points, check eDGE Loyalty Rewards Catalogue

 

*Terms and Conditions Apply: The Bank may use the services of agents for sales, marketing and promotion of the Home Loan product. Contents of this advertisement, products and services offered by Axis Bank are subject to applicable laws and regulatory guidelines/ regulations. Repayment track record should be clean, i.e., maximum 3 instances where dues are pending for 30 days and above but never over 90 days during the life of the loan. Minimum required original disbursement tenure is 20 years and minimum loan seasoning tenure to avail benefit of waiver is 10 years. All loans at the sole discretion of Axis Bank Ltd and subject to execution and completion of applicable loan documents as per Bank’s norms.RBI does not keep funds or accounts of any individual/public/trust. Do not be a victim to any such offers coming to you on phone or email in the name of RBI.

Eligibility

  • All salaried, self employed and professionals are eligible
  • Minimum loan tenure of 20 years at the time of disbursement
  • Clean track record during the life of the loan i.e. (a) Not more than 3 instances of any customer dues pending for 30 days and above (b) No instance of any customer dues pending for 90 days and above
  • Loan should be live for the minimum stipulated period of 120 months from 1st disbursement
  • No penal interest / other charges to be due from borrower at the time of waiver

 

Check your borrowing limits

  • Minimum Limit – Rs. 30,00,000
  • Maximum Limit – Depends on combined income
  • 20% margin on loans from Rs. 30,00,000 to Rs. 75,00,000
  • 25% margin on loans above Rs. 75,00,000

For Salaried:

Sr. No Type Loan amount (Rs.) MCLR + Mark Up Effective Rate Of Interest
1 Floating Rate Loan amount upto Rs 30 lacs MCLR + 0.20% 8.35% p.a.
Loan amount upto Rs 75 lacs MCLR + 0.50% 8.65% p.a.
Loan amount above Rs 75 lacs MCLR + 0.55% 8.70% p.a.
Top Up for existing customers Upto 30%- Same rate at which the home loan is running

30%-100%- LAP rate shall be applicable

 

For Self Employed:

Sr. No Type Loan amount (Rs.) MCLR + Mark Up Effective Rate Of Interest
1 Floating Rate Loan amount upto Rs 30 lacs MCLR + 0.25% 8.40% p.a.
Loan amount upto Rs 75 lacs MCLR + 0.55% 8.70% p.a.
Loan amount above Rs 75 lacs MCLR + 0.60% 8.75% p.a.
Top Up for existing customers Upto 30%- Same rate at which the home loan is running

30%-100%- LAP rate shall be applicable

Marginal Cost Based Lending Rate (MCLR) – 8.15%
MCLR Reset frequency for Home Loans – Half Yearly
Base Rate – 9.00%
Customers who have availed disbursement or received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.

 

Other Charges:

Description of charges Amount (Rs.)
Processing Fee Charges Up to 1% of the Loan amount subject to minimum of Rs.10,000/-
Penal Interest Rate @24 % per annum, 2% per month
Switching Fees (Base Rate/BPLR to MCLR)#
  • When effective rate is to be kept the same – No fees
  • When effective rate is to be revised – 0.5% on outstanding principal with minimum of Rs 10000/-
Switching Fees (Floating Rate to Fixed
Rate)
NA
Switching Fees (Fixed Rate to Floating
Rate)
NA
Switching Fees (Higher Floating Rate to Lower Floating Rate ) NA
Switching Fees (Higher Floating Rate to Lower Floating Rate ) 0.5% on outstanding principal with minimum of 10,000/-The lower rate will be equal to the applicable carded interest rate only
Repayment Instruction/Cheque Return
charges
500/- Per Instance
Cheque/Instrument Swap Charges 500/- Per Instance
Duplicate Statement Issuance Charges 250/- Per Instance
Duplicate Amortization Schedule Issuance Charges 250/- Per Instance
Duplicate Interest Certificate (Provisional/Actual) Issuance Charges 250/- Per Instance
Issuance Charges of Credit Report 50/- Per Instance
Issuance Charges for Photocopy of title documents 250/- Per document set
Charges on customer initiated requests for copies of documents 250/- Per document set
Prepayment Charges including part prepayment for floating rate loan NIL
Prepayment Charges for fixed rate loan 2% of the principal outstanding
Equitable Mortgage Creation Charges As applicable in the
state
CERSAI charges Rs 50/- For Loans up to 5 Lakhs
Rs 100/- For Loans above 5 Lakhs

* Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).


What is home loan?

It’s a loan taken to purchase a home (may be an under construction property), or to purchase a piece of land, or to renovate/ extend an existing home.

When can I apply for a Home Loan?

You can apply for a Home Loan at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.

What types of Home Loans are available?

There is a wide range of home loans such as – Home Purchase Loan, Home Construction Loan, Home Improvement Loan, Home Extension Loan, Home Conversion Loan, Balance Transfer Loan,

How do I avail Home Loan?

You have the option to make an online application from anywhere in the world by clicking on our website and also know your Home Loan eligibility instantly.

What is the maximum Home Loan Amount I can get?

The maximum loan amount depends on the purpose of the loan. Usually, Home Loans are provided in a range of 75% – 85% of the total cost of the property. Home Loans are available from Rs 5 Lakh to Rs 10 cr

What is the eligibility criteria for home loan?

Mostly it is your repayment capacity which is depending upon other factors such as your age, your monthly income and expenditure, your credit history, value of the property etc

How long does it take to get my application processed and the loan sanctioned?

It takes around one weeks for processing of one’s application if all the necessary documents are in order and takes another week for the bank to inspect the property papers and make the disbursement.

What documents are needed for loan approval?

Borrowers need to produce all the documents related to the house or property they are going to purchase, identity and residence proof, Form 16, last 6 months bank statements, latest payslip and other related documents along with the duly filled application form.

Can I take a Home Loan for construction in one city while working in another city?

Yes, you can take loan for construction in one city while working in another. The banks usually service this loan after getting details of the plot legally verified.

What does market value of the property mean?

Market value refers to the estimated amount that is expected to be fetched on the property as per the prevailing market conditions.

I want to buy a house which is B Khata with DC conversion, can I get a loan for B Khata House?

Yes, you can get a loan to buy B khata house

What is Hakupatra property?

Hakku-patra is a document issued by Karnataka government establishing ownership of the property. It was issued to certain section of the society, terms and conditions attached to the property are:
  • They cannot transfer the land for at least 15 years
  • The property cannot pledged or gifted
  • The property cannot be rented

Can I get a loan for Hakku-patra property ?

Yes you can avail a loan on Hakku-patra property. Some banks give loans only if sale deed is there for the Hakku-patra property, only after legal is cleared by the lawyer.In case sale deed is not there for Hakku-patra property, loan are given by banks based on the location and profile of the customer on case to case basis.

Who can be a Co-Applicant?

A Co-Applicant(s) is/are the Co-Owners of the property with respect of whom the financial assistance has been sought. However, all co-applicants need not be co-owners. Usually, co-applicants are husband/wife, father/son, mother/daughter, etc.

Do I need an insurance for my home?

Yes, you need to insure your house from various vulnerabilities such as fire and any natural hazards as per the requirements of the bank. The bank will be the beneficiary of the insurance during your home loan tenure.

Do I get tax benefits on the Home loan?

Yes. You are eligible for tax benefits on the principal and interest components of your Home Loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

Simple and secure

This simple process makes it easy for you to access your personal loan.

1

Get your individual rate

Know your rate before you apply. It’s quick and easy and won’t affect your credit score.

2

Apply

Answer a few questions about your personal, professional and banking details & complete the application process online.

3

Submit your documentation

Our executives will collect your self-attested documents at your doorstep as per your convenience.

4

Funds deposited

The funds are transferred into your bank account upon final loan approval.

Let us help you find the loan that’s right for you.

Save time and money with an easy online process

Apply Now