State Bank Of India
Learn More

know your home loan eligibility in less than a minute

 

Gross Monthly Salary

 
 

Existing EMI’S ( Don't consider if balance tenure is below 12 months )

 
 
Next    
                     

 

Get A Qoute  

AXIS Bank Home Loans



Axis Bank offers affordable and flexible housing loans that can turn your dream of owning a home into reality.

If rising real estate prices have pushed the house you coveted beyond your budget, Axis Bank’s unmatched home loans will put it within reach. The attractive interest rates and minimal processing fees make the home finance products a first choice for savvy buyers.In addition, features such as flexible tenures, transparent processing and quick service have made the products stand out among the best home loans in India.
Axis Bank has products to suit every budget, taste and need. Whether you are self-employed or salaried, want a floating or fixed rate, Axis Bank will offer a loan that is just right for you.
Stages involved in the process of Home Loan :
  • Loan Application – Submit a completely filled application along with necessary documents
  • Loan Sanction – An approval for specific loan amount post necessary credit checks
  • Legal & technical appraisal – Study of the property for its legal and technical soundness
  • Part Disbursement – Get finance as per construction stage (in under construction project)
  • Disbursement – Get finance for your property



Home Loan Eligibility Criteria :


A) - Salaried Individuals

  • Individuals in permanent service in the Government or reputed companies meet the Home Loan eligibility criteria
  • Applicants should be above 24 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity.

B) - Professionals

  • Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, management consultants only) can apply.
  • Applicants above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.

C) - Self Employed Individuals

  • Any individual filing income tax returns can apply
  • Applicants should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Documents Needed to Submit :

Proof of Identity and Address
  •  Passport or Voter's ID card or Driving License or Job Card issued by NREGA or Adhaar Card or PAN card (PAN Card only as identity proof) or any other document as acceptable to the Bank
Proof of income
  • Latest 3 Months salary slip showing all deductions and Form 16
  • IT returns for the last 2 years and computation of income for the last 2 years certified by a CABank statement or Pass Book where salary or income is creditedLast 6 monthsLast 6 months (For Self-employed)
Guarantor form 
  • Optional

Home Loan Rates :



For Salaried:

Sr. NoTypeLoan amount (Rs.)MCLR + Mark UpEffective Rate Of Interest
1





Floating RateLoan amount  Upto 28 lacs
Loan Amount above 28 lacs
MCLR + 0.15%

MCLR + 0.20%
9.45% p.a.

9.50% p.a.
Top UpMCLR + 2.30%11.60% p.a.
For Self Employed:
Sr. NoTypeLoan amount (Rs.)MCLR + Mark UpEffective Rate Of Interest
1Floating RateLoans upto Rs. 75 LacsMCLR + 0.25%9.55% p.a.
Loans above Rs. 75 LacsMCLR + 0.30%9.60% p.a.
Top UpMCLR + 2.30%11.60% p.a.
Marginal Cost Based Lending Rate (MCLR) – 9.30%
MCLR Reset frequency for Home Loans - Half Yearly
Rates applicable only for Vanilla (Standard) Home Loan product

Home Loan with Fixed Rate of Interest

TypeEffective Rate Of Interest
Fixed Rate11.75% p.a.

Other Charges :

Sr. NoTypeCharges
1Repayment Instruction/Instrument Return chargesRs.500/- per instance
2Cheque/Instrument Swap chargesRs.500/- per instance
3CERSAI ChargesRs.50/- - Rs. 100/-
4Duplicate Statement issuance chargesRs. 250/- per instance
5Duplicate Amortization schedule issuance chargesRs. 250/- per instance
6Duplicate Interest Certifcate (Provisional/Actual) issuance chargesRs. 250/- per instance
7Issuance charges for Photocopy of title documentsRs.250/- per document set
8Charges on customer initiated requests for copies of documentsRs. 250 per document set
9Equitable mortgage creation chargesAs applicable in the state
10Credit Bureau report issuance chargesRs.50/- Per Instance
11Prepayment Charges for Floating Rate LoanNil
12Prepayment Charges for Fixed Rate Loan2% of outstanding principal/amount prepaid
13No Due CertificateNA
14Solvency CertificateNA
15Charges for Late Payment of EMIRs 500 per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the 


Switching Cost :

Charges for changing from fixed to floating rates of interestCharges for changing from floating to fixed rates of interestCharges for Higher Fixed Rate to Lower Fixed RateCharges for Higher Floating Rate to Lower Floating Rate
2% of the outstanding Loan amount1% on the outstanding principal with a minimum of Rs.10,000/-0.5% on outstanding principal with minimum Rs.10,000/-0.5% on outstanding principal with a minimum of Rs.10,000/-
* Service Tax as applicable will be levied
* For Partly Disbursed cases, charges would be calculated on total outstanding principal + undisbursed portion of sanctioned amount.

Axis Bank Offers the following types of Home Loans :
  1. Happy Ending Home Loans
  2. Empower Home Loans
  3. Asha Home Loans
  4. Super Saver Home Loans


1. Happy Ending Home Loans :

Get your last 12 EMIs waived off at no extra cost by paying your EMIs regularly! You can now make your home your own sooner.
Features and Benefits :
  • Under this scheme, you can avail a Home Loan for purchasing an under construction/ ready/ resale house self-construction, plot plus construction loans. Other advantages include:
  • Last 12 EMIs waived off*: Now get your last 12 EMIs waived off* at no extra cost by paying your EMIs regularly. Just make sure that your repayment track record is clean, i.e., only 3 instances where dues are pending for 30 days and above but never over 90 days during the life of the loan. The minimum tenure at the time of disbursement needs to be 20 years. You can also part pay your loan, as long as the loan tenure does not fall below 180 months.
  • No hidden charges
  • Standard interest rates apply
  • Balance transfer facility
  • Doorstep service
  • Nil prepayment charges
  • Quick and transparent processing

Borrowing Limit :

You can borrow a minimum of Rs. 3 Lakhs under this scheme.
Sr. NoLoan amount (Rs.)Margin
1For Loan up to Rs. 20 Lakhs15%
2For Loan Rs. 20 Lakhs to up to Rs. 75 Lakhs20%
3For Loan above Rs.75 Lakhs25%


2. Empower Home Loans :

Empower Home Loans for Self-employed wherein you get instant loans on the basis of your good banking track. In addition, you get 3 assured rate reductions on maintaining a good repayment track with us for 24, 36 and 60 months from the date of first disbursement for availing the 1st, 2nd and 3rd rate reduction respectively.

Features and Benefits :

  • Under this Product, you can avail a Home Loan for purchasing an under construction/ready/resale house/self-construction, plot plus construction or Home extension & improvement loans.
  • 3 Assured rate reductions upon maintaining a good repayment track.
  • Attractive housing finance rates: It offers attractive interest rates to make your housing loans affordable and easier on your pocket every month.
  • Balance transfer facility
  • Doorstep service
  • Nil prepayment charges
  • Quick and transparent processing


Borrowing Limit :

You can borrow a minimum of Rs. 10 lacs under this scheme.
Sr. NoLoan amount (Rs.)Margin
1For Housing Loan upto Rs. 150 lacs35%

If you think to stay with the same bank through out the home loan, both these schemes are the best to opt. The documents needed and the rates for both the schemes are similar as mentioned above.

3. Asha Home Loans :

Buying your first home is always special. This is a tailor made home loan product specifically to fulfill the dream of owning a home.

Features and Benefits : 

  • Home loans for constructing your own house, purchasing a ready or resale property, purchasing a plot and constructing a house thereon or constructing a house on a plot already owned by you.
  • Loan tenure up to 30 years.
  • Loans for smaller homes too starting from 300(saleable) sqft area.
  • Lower interest rates.
  • Minimum combined income of Rs. 8000/- per month.
Borrowing Limit : 




You can borrow a minimum of Rs. 1 lacs under this scheme and a maximum of Rs. 28 lacs
Sr. No
Loan amount (Rs.)
Margin
1
For Housing Loan upto Rs. 20 lacs
For 20 loacs to 28 lacs
10%
20%

4. Super Saver Home Loans :

Super Saver Home loans is a unique financing solution that helps you save on the total interest payable on your home loan.

How does it work?
After a loan is disbursed, any amount deposited in the SuperSaver account by you shall reduce the principal outstanding and you will be charged interest on the net principal outstanding i.e., loan amount outstanding minus any excess funds parked in the account.
The excess funds parked can also be withdrawn on requirement. 

Features and Benefits:

  • Attractive interest rates
  • Loan tenure upto 20 years.
  • Nil prepayment charges.
  • Doorstep service available.
  • Quick and transparent processing.
Interest Rates: 

Loan Amount
          Salaried                    Self-employed                       
Rs. 1 Cr & AboveMCLR + 0.45% =  9.75%MCLR + 0.95% = 10.25%



Axis Bank with its numerous branches, can provide quick and fast service.

One can reach it through its toll-free number - 1-800-103-5577
Also visit their website for more details : www.axisbank.com

You can also contact them at 


Corporate Office :

Axis Bank Limited, 
Corporate Office, 
Bombay Dyeing Mills Compound, 
Pandurang Budhkar Marg, 
Worli,
Mumbai - 400 025
Tel: (022) 2425 2525

Registered Office

Axis Bank Limited, "TRISHUL", Third Floor, 
Opp. Samartheshwar Temple, 
Nr. Law Garden, Ellisbridge, 
Ahmedabad - 380 006