Axis Bank Home Loan

Axis Bank Home Loans starting at just 8.75% p.a.

Axis Bank offers attractive interest rates on home loans starting at 8.75% p.a..The loan tenure can be extended up to 20 years, ensuring a Read More...

Use the loan for various needs - buying a new house (ready-built, under construction, or pre-owned), building a new home, or renovating your existing one. You can even switch your existing home loan from another bank to Axis.The bank charges a processing fee of up to 1% of the loan amount plus applicable taxes

Axis Bank Home Loan Highlights

Loan Amount	3 Lakhs to 10Cr
Tenure	Upto 20 years
Rate of Interest	8.75% onward
Processing Fee	Upto 1% of the loan amount plus applicable taxes, minimum of Rs.10000/-
Prepayment/Foreclosure Charges	Nil
Max Tenure	20 years
Foreclosure Charges	Nil

Axis Bank Home Loans Comparison Table

Compare Axis Bank Home loan interest rates with other lenders to find the best deal. See how Axis Bank competitive rates stack up in our comprehensive comparison table.

Name of Lender	Amount Up to	Interest Rate	Tenure
Axis Bank	₹10 cr	8.75% Onwards	Up to 20 years

Axis Bank Home Loan EMI calculator

Enter the loan amount, interest rate, and loan tenure into the Axis Bank home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.

Principal: ₹50,00,000

Rate of Interest: 9%

Tenure (in months): 120

EMI: ₹63,337.89

Total interest: ₹26,00,546.8

Total principal: ₹50,00,000

Axis Bank Home Loans Eligibility

Axis Bank Standard Home Loan

Axis Bank Shubh Aarambh Home Loans

Axis Bank Fast Forward Home Loans

Axis Bank Super Saver Home Loans

Axis Bank standard Home Loan

Axis Bank provides standard home loan options to applicants for the following objectives:

Buying flats, bungalows, or row houses within sanctioned projects by private developers.

Acquiring properties from Development Authorities like MHADA, DDA, etc. Purchasing properties within Co-operative Housing Societies, Apartment Owners.

Associations, Development Authorities Settlements, or private residences.

Funding the construction of residential properties on plots allocated by Development Authorities or on freehold/leasehold plots.

Criteria	Value
Minimum Age	18 years
Maximum Age	65 years
Resident Type	Resident Indian / NRIs for NRI Home Loan
Loan Tenure	Up to 20 years

Axis Bank Home Loan Schemes

Axis Bank provides a range of home loan schemes with interest rates starting from 8.75%, including options like Regular Home Loan with benefits for women and no pre-payment fees, Rural Housing Loans for people in rural areas, Home loan balance transfer for home loan borrowers. Each scheme includes a processing fee of 1% with varying minimum and maximum amounts.

Loan Type	Interest Rate (p.a.)	Processing Fee	Special Features
Axis Bank Standard Home Loan	From 8.75% onwards	1% of loan amt ₹10000 min.	No pre-payment charges Age 18-65 eligible
Axis Bank Shubh Aarambh Home Loan	From 8.75% onwards	1% of loan amt ₹10000 min.	No pre-payment charges Age 18-65 eligible
Axis Bank Fast Forward Home Loan	From 8.75% onwards	1% of loan amt ₹10000 min.	No pre-payment charges Age 18-65 eligible
Axis Bank Asha Home Loan	From 10.05% onwards	1% of loan amt ₹10000 min.	No pre-payment charges Age 18-65 eligible
Axis Bank Super Saver Home Loan	From 8.75% onwards	1% of loan amt ₹10000 min.	No pre-payment charges Age 18-65 eligible

Axis Bank Home Loan Processing Fees and Charges

Axis Bank Home Loan Processing Fees

Axis Bank Home Loan Application charges

Axis Bank Home Loan Prepayment charges

Axis Bank imposes a processing fee of 1% on the home loan amount for salaried and self-employed professional applicants, with a minimum charge of Rs.10000/- plus applicable GST.

How to Apply for Axis Bank Home Loan?

Prospective borrowers interested in an Axis Bank home loan have the option to apply online either through the bank's official website, as outlined below:
Apply here

Via the Axis Bank Official Website

Visit the Axis Bank Home Loan official website.
Click on Apply now
Enter the necessary details to determine the eligible loan amount.
Complete the required information on right side and tap "Submit".

Documents Required for Axis Bank Home Loan

Following is the list of documents required for different categories of customers

Axis Bank Home Loan list of documents for Salaried

Axis Bank Home Loan list of documents for Self-employed professionals

Axis Bank Home Loan list of documents for Self-employed

Axis Bank Home Loan list of documents for Farmers

Axis Bank Home Loan list of documents for NRIs

Axis Bank Home Loan list of documents for Salaried

Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
A Cheque for The Processing Fee for The Loan Application.
Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.

Property Related Documents

For New Home

Allotment letter copy/Buyer agreement
Payment receipt made to the developer

For Resale Home

Title deeds including previous chain of property documents
Agreement to sell copy
Initial payment receipt made to the seller

For Construction

Title deed of plot
Copy of the plan approved by Local Authorities
No encumbrance proof on the property
The total estimate of construction by a Civil Engineer/Architect

Axis Bank Home Loan Balance Transfer

Axis Bank offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the bank' instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.

Axis Bank Home Loan Amount (LTV Ratio):

Loan Amount	Loan Percentage
Up to and including Rs 30 lakh	Up to 90% of property cost
Rs 30.01 lakh - Rs 75 lakh	Up to 80% of property cost
Above Rs 75 lakh	Up to 75% of property cost

Axis Bank Home Loan Customer Care

Axis Bank Home Loan Customer Care Toll-Free Number

Toll-free number: 1860-419-5555 / 1860-500-5555 / 1-800-103-5577 (Toll-free number)
The customer can also chat with an agent by entering a registered email ID, mobile number with country code from 9:30 am to 6:30 pm from the bank website under the support section.

NRI customers can use the following toll-free numbers:

Country	Toll-Free Number
USA	1855 205 5577
Saudi Arabia	800 850 0000
UK	0808 178 5040
UAE	8000 3570 3218
Singapore	800 1206 355
Qatar	00 800 100 348
Canada	1855 436 0726
Australia	1800 153 861

The non-toll free number for Axis Bank NRI Home Loan customers is +91 40 67174100

Axis Bank Home Loan FAQ’S

Here are some of the frequently asked questions with regards to Axis Bank Home Loan

What is the current interest rate for Axis Bank home loans?

Axis Bank offers home loans starting from 8.75% p.a., varying based on the applicant's credit profile.

How do I calculate the interest cost for my Axis Bank home loan?

You can determine the interest cost using the Axis Bank Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.

What factors contribute to the fluctuation of Axis Bank home loan interest rates?

Axis Bank adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing Axis Bank home loan borrowers. Additionally, Axis Bank may modify the spread over benchmark rates during special or festive home loan offers.

Who is eligible to be a co-applicant for an Axis Bank Housing Loan?

Co-owners of the property must also be co-applicants for the Axis Bank Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.

Can I make early payments toward my outstanding home loan amount?

Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. Axis Bank does not impose prepayment charges on home loans with floating interest rates.

How can I lower my Axis Bank Home Loan interest rate?

You can reduce your Axis Bank Housing Loan interest rate by transitioning from a higher interest rate to a lower one. Axis Bank charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.

What are the pre-closure charges for Axis Bank home loans?

Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.

What is the disbursement process for Axis Bank Home Loans?

After property and document verification and completion of the 'own contribution' or down payment, Axis Bank sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.

Is my spouse's income considered in calculating the home loan amount?

Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to Axis Bank for consideration.

What is the minimum credit score required for Axis Bank Home Loan applicants?

While Axis Bank doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.

Can I secure home loan approval while still deciding on a property?

Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.