Axis Bank Home Loans

 

Home loans offered by Axis Bank have great features like flexible tenures, transparent processing and quick service. The home loan from Axis bank has various features which are as follows:

 

•  The interest rates charged by the bank under its housing loan scheme are relatively reasonable and affordable making them attractive and popular among customers.

 

•  Both fixed and floating rates of interest are available under the home loan schemes, therefore the applicant can choose either of the two based on his/her perception about the change in the interest rates.

 

•  A minimum amount of 3 lakhs can be borrowed under the Axis Bank Housing Loan scheme. However, there is no upper limit on borrowing and it depends on the borrower’s repayment capability.

 

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•   The bank offers balance transfer scheme under the Axis Bank Housing Loan which means that if an applicant already has a home loan from a bank and is not satisfied with the charges and EMIs of that bank, he or she can transfer the existing home loan to Axis bank home loan without any additional hassles.

 

•  The Axis home loan offers doorstep loan service so that the customer does not need to visit the bank’s The bank comes to the applicant’s doorstep to complete the loan processing formality.

 

• If the applicant wishes to pay off the Axis Home loans earlier than the stipulated tenure, they can do so easily without any prepayment charges. However, the prepayment facility is only available to customers who have chosen a floating rate of interest.

 

•  Premium banking customers like Priority, Wealth or Burgundy, are given special benefits in the rates and charges of the Axis Home loans

 

•  Availing of a longer tenure of 30 years results in lower EMIs making the Axis Home loan affordable to the customers, you can pre-plan EMI by calculating with home Loan Calculator.

 

•  eDGE Loyalty Points Program enables earning of eDGE Reward points when the customer avails the Axis Home loans or takes a top-up home loan and on every anniversary year of the availed Axis Ltd. home loan.

 

Axis Happy Ending Home Loans

 

A unique home loan available at Axis bank where, if the borrower pays the EMIs regularly, the last 12 EMIs are waived off by the bank. The other features and benefits are:

 

• Home loans sanctioned under this category are for purchasing a house which is under construction or ready or for resale, construction of house, purchase of plot, home improvement or extension.

 

• A minimum amount of 30lakhs can be borrowed under this home loan scheme. However, there is no upper limit on borrowing and it depends on the borrower’s repayment capability and combined income.

 

• The last 12 EMIs are waived off,if the earlier EMIs have been paid on time. There are certain conditions to be fulfilled to avail this benefit, like – there should be only 3 instances of EMIs pending for 30 days or above but always below 90 days during the loan tenure, the minimum opted tenure should be 20 years and the customer can part pay the loan amount as long as the tenure does not fall below 180 months or 15 years.

 

• The waiverof EMIs does not involve any extra charges and is free of cost.

 

• The rates of interest applicable on the scheme are standard without any additional interest.

 

• The bank offers balance transfer scheme under the Home Loan which means that if an applicant already has a home loan from a bank and is not satisfied with the charges and EMIs of that bank, he or she can transfer the existing home loan to axis bank without any additional hassles.

 

• he bank provides doorstep loan service so that the customer does not need to visit the bank branch. Executive from the bank comes to the applicant’s doorstep to complete the processing formality.

 

• If the applicant wishes to pay off the loan earlier than the stipulated tenure, it is possible and there are no charges for prepayment. However, prepayment is allowed only if the loan tenure does not fall below 180 months.

 

• The loan processing method is quick and easy and loan is disbursed at the earliest.

 

Axis Empower Home Loans

 

Home Loans specifically offered to self-employed individuals who can avail the loan instantly if they have a good banking track record. The other features of the loan are as follows:

 

• The loan is available for purchasing a house which is under construction or ready or for resale, construction of your house, purchase of plot, etc.which starts with an interest rate of 9.25% onwards.

 

• A minimum loan of Rs.10 lakhs is available under the scheme and a maximum of 15 lakhs.

 

• A unique benefit of 3 rate reductions if the applicant maintains a good track record with bank for 24, 36 and 60 months after the date of loan disbursement for availing the 1^st, 2^ndand 3^rd rate reduction respectively.

 

• The bank offers balance transfer scheme under the Home Loan which means that if an applicant already has a home loan from a bank and is not satisfied with the charges and EMIs of that bank, he/she can transfer the existing home loan to Axis bank without any additional hassles.

 

• Axis bank provides doorstep loan service so that the customer does not need to visit the bank branch.

 

• The bank comes to the applicant’s doorstep to complete the loan processing formality.

 

• Applicant can prepay the home loan earlier than the stipulated tenure, that too without any prepayment charges. However, prepayment is allowed only if the loan tenure does not fall below 180 months.

 

• The method of processing the loan is quick and easy and loan is disbursed at the earliest.

 

Shubh Arambh Home Loans

 

In this particular loan, if customer pays the EMIs regularly, the last 12 EMIs get waived off by the bank. Some of the features and benefits are as mentioned:

 

•  The loan is available for purchasing a house which is under construction or ready or for resale, construction of your house, purchase of plot, etc.

 

•  At the end of the 4^th, 8^thand 12^th year get 4 EMIs waived off and 12 EMIs waived on extra cost if the repayment track is good.

 

•  The tenure for loan repayment is up to 30 years making the EMIs lower and thus affordable.

 

•  People qualifying under eligibility criteria of PMAY (Pradhan Mantri Awas Yojana Scheme) get the benefit of interest subsidy.

 

•  The tenure to close the loan without prepayment should not fall below 4 years.

 

Axis Asha Home Loans

 

A tailor-made home loan for small time borrowers. The features are as follows:

 

•  The loan is available for purchasing a house which is under construction or ready or for resale, construction of your house, purchase of plot, etc.

 

•  At the end of the 4^th, 8^thand 12^th year get 4 EMIs waived off and 12 EMIs waived on extra cost if the repayment track is

 

•  The tenure for loan repayment is up to 30 years making the EMIs lower and thus affordable.

 

•  For loan amounts up to Rs.28 lakhs, the bank funds 90% of the property value.

 

•  Loan is available for a small house which is about 300 sq.ft.in major cities and 200 sq. ft. in NCR and MMR.

 

•  The loan can be applied for if the combined income of the family is Rs.8000 or Rs. 10,000 thereby enabling the family to contribute towards Axis Home loan repayment.

 

•  The products can be customized and there is a large range of approved projects across the country.

 

•  The rates of interest applicable on the scheme are attractive and affordable suiting the pocket of the borrower.

 

•  The bank offers Axis Home Loan transfer scheme under the Home Loan which means that if an applicant already has a home loan from a bank and is not satisfied with the charges and EMIs of    that bank, he or she can transfer the existing home loan to Axis bank without any

 

Axis Super Saver Home Loans

 

A loan facility which helps the borrower to save the interest payments on his borrowings. The loan promises the below mentioned features:

 

•  Under this loan, the borrower can park his/hersurplus cash in the Super Saver Account which would effectively reduce the outstanding balance of the loan and the subsequent interest. This surplus amount can also be withdrawn by the applicant whenever required.

 

•   A cheque book, an ATM card, phone and internet banking facilities are provided with the account.

 

  A floating rate of interest is charged on the Axis Bank Home loan account and the rate is low.

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•   The Axis Bank Home loan can be taken up to a maximum tenure of 20 years.

 

  Any outstanding balance of the Axis Bank home loan with other banks or financial institutions can be transferred under this loan scheme

 

The Axis Bank Home loan can be prepaid without subject to any prepayment charges. Though prepayment is allowed, it is better to maintain a higher surplus fund in the Super Saver Account so that it would reduce the outstanding liability of the loan and the consequent incidence of the chargeable interest.

 

 

Key Features and Benefits:

 

 

a) Axis Bank provides home loan with attractive home loan interest rates

 

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

 

c)Transfer your home loan to Axis Bank with eas

 

d)Avail your home loan at your doorstep

 

e)No prepayment charges for paying off your loans availed on (floating rate of interest) before due date

 

f)Get Axis Bank Fast Forward Home Loan / Axis Bank 12 EMIs Off – Axis Bank Home Loan 12 EMI offers 12 months EMIs waived at no extra charges.

 

g)You can also check your Axis Bank home loan details in the amortization schedule by visiting their website or nearest branch.