20,00,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Axis Bank Home Loan Interest Rates 2022

Axis Bank Housing Loan Interest Rate -Today

Last Updated 11th Jan 2022

Loan AmountAxis Bank Repo Rate Home Loan RateSuper Saver Home Loan
Upto ₹ 30 Lakh6.90%6.95%
₹ 30 Lakh - ₹ 50 Lakh6.90%6.95%
₹ 50 Lakh - ₹ 75 Lakh7.00%6.95%
Above ₹ 75 Lakh7.00%6.95%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback Get Call from Banker

Axis Bank Home Loan Rate

Axis Bank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.90% up to 7.00%. Apart from the interest rate, the bank also has various other charges such as Axis Bank processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

Axis Bank Home Loan Processing Fee and Other Charges

Axis Bank charges the maximum processing fees at ₹ 10,000 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees maximum fee of ₹ 10,000
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on Axis Bank Home Loans Schemes

Axis Bank offers a housing loan interest rate at 6.90%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, Axis Bank home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are Axis Bank home loan rates for multiple housing schemes.

Axis Bank Home Loan Scheme Interest Rates
Axis Power Advantage Loan0.00%
Axis Bank Home Loan Balance Transfer6.65%
Axis Top Up Loan6.66% - 6.81%
Axis Bank Plot Loan6.70% - 6.85%
Axis QuickPay Home Loan6.70% - 6.85%
Axis Bank Repo Rate Home Loan 6.90% - 7.00%
Fast Forward Home Loan7.75% - 8.10%
Shubharambh Home Loan7.75% - 8.10%
Empower Home Loan9.40%
Asha Home Loans Floating10.05%

Axis Bank Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in Axis Bank for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 6.90%
₹ 30 Lakh - ₹ 50 Lakh 6.90%
₹ 50 Lakh - 75 Lakh 7.00%
Above ₹ 75 Lakh 7.00%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 6.95%
₹ 30 Lakh - ₹ 50 Lakh 6.95%
₹ 50 Lakh - 75 Lakh 7.00%
Above ₹ 75 Lakh 7.00%

Axis Bank Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount Axis Bank Home Loan Rate For Women Axis Bank Home Loan Rate For Govt Employee
Upto ₹ 30 Lakh 6.90% 6.90%
₹ 30 Lakh - ₹ 50 Lakh 6.90% 6.90%
₹ 50 Lakh - 75 Lakh 7.00% 7.00%
Above ₹ 75 Lakh 7.00% 7.00%

Axis Bank Home Loan Balance Transfer Interest Rates

Axis Bank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Axis Bank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Axis Bank offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate Axis Bank
Maximum Annual Percentage Rate (APR) 6.9% to 7%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 30 Years
  • Axis Bank Home Loan Interest Rate: 6.90% to 7.00%
  • Processing Fee payable to: NIL
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 659 for 30 Years ₹ 1,00,000 loan at 6.90% (lowest rate, longest time period) to ₹ 1,980 for 5 Years ₹ 1,00,000 loan at 7.00% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 6.9% to 7%
  • Total cost payable over loan tenure: ₹ 1,18,525 for 5 Years loan to ₹ 2,37,096 for 30 Years loan


Has Axis Bank reduced home loan rates?

As per the current rates, Axis Bank has hiked its home loan rates by 6.9% from 0.00% to 6.90%, which is one of the best rates in the market. The new rates are effective from 29 Nov, 2021.

Why should I opt for balance transfer to Axis Bank?

Axis Bank offers lowest Home Loan EMI of ₹ 659 per lakh availed at the lowest interest rate 6.90% for a maximum tenure of 30 years. If you are paying an EMI more than ₹ 659 per lakh, you should consider the option for a loan transfer to Axis Bank from your existing bank. Current Axis Bank balance transfer rate is 6.50%.

How much margin would I have to pay on Home Loan?

S. NO. Loan Amount Margin
1Up to ₹ 20 Lacs15%
2Above ₹ 20 Lacs to upto ₹ 75 Lacs20%
3Above ₹ 75 Lacs25%

Do I need a co-applicant to apply for a Home Loan? If yes, who can be a co-applicant for my Home Loan?

Yes, it is obligatory to have a co-applicant to apply for a Home Loan. If you are the single owner of the property, then any other member from your family can be your co-applicant but if someone else is co-owner of your property then that person needs to be the co-applicant for your Home Loan.

Can I convert my loan rate from fixed rate to floating rate or vice-versa? What are the charges applicable?

Yes, you can convert your Home Loan rates from fixed rate to floating rate and vice-versa. The charges applicable are as following:

  • On conversion of loan from fixed rate to floating rate, charges are 2% of the outstanding loan amount
  • On floating rate to fixed rate loan conversion, you will be charged 1% on the outstanding principal with minimum amount of ₹ 10, 000

Am I eligible for top up on my existing Home Loan?

Axis bank allows you to top up your existing Home Loan on more than 30% of the current amount at Home Loan rates only.

Can Axis Bank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Axis Bank to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can Axis Bank revise the home loan interest rates for their existing customers?

Yes, Axis Bank offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Axis Bank offer a concessional home loan interest rate for women?

Yes, Axis Bank offers special home loan interest rates for women. As against Axis Bank home loan rates for male which is 6.90%, the home loan interest rate for women starts at %.

What is the Axis Bank home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, Axis Bank provides home loan interest rate starting at 6.90%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an Axis Bank employee get a home loan?

Axis Bank offers concessional home loan rates of about 1% than the current home loan rates to Axis Bank employees.

Is Axis Bank home loan a floating rate loan or fixed-rate loan?

Axis Bank home loan is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the Axis Bank home loan rate today ?

Axis Bank home loan rate today is in the range of 6.90% to 7.00%.The bank also charges a processing fee of upto Maximum ₹ 10,000 of the home loan amount.

How much interest does Axis Bank take on home loans?

The rate of interest on Axis Bank home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, Axis Bank home loan current interest rate 2021 are in the range of 6.90% to 7.00%.

Axis Bank Home Loan Reviews 4.4/5  by 120 customers
MyLoanCare Service
Banks Service
Satyajit, Raipur
Reviewed on 23rd Sep 2021
5 / 5 stars
Axis Bank Home Loan Availed in Sep 2021

I got the required service from MyLoanCare. The representative made me understand all the bank offerRead more...

Neeraj, Kolkata
Reviewed on 23rd Jul 2021
5 / 5 stars
Axis Bank Home Loan Availed in Jul 2021

It has been an incredible service from MyLoanCare expert Nitin Sagar. He assisted me with his best eRead more...

Deba, Gurgaon
Reviewed on 21st Jul 2021
3 / 5 stars
Axis Bank Home Loan Availed in Jul 2021

Need time to give feedback on services from bank. Loan status was not updated properly in Bank.Read more...

Yash, Mumbai
Reviewed on 01st Jul 2021
4 / 5 stars
Axis Bank Home Loan Availed in Jun 2021

Service was good, thanks for approving the loan with Axis Bank.Read more...

Nimesh, Thane
Reviewed on 31st May 2021
5 / 5 stars
Axis Bank Home Loan Availed in May 2021

Excellent service from MYLoanCare. Very good communication and feedback mechanism. It was helpful anRead more...

Senthil, Bangalore
Reviewed on 18th Apr 2021
5 / 5 stars
Axis Bank Home Loan Availed in Mar 2021

Good follow up. They make you connect with bank people who respond well.Read more...

Phani, Hyderabad
Reviewed on 16th Feb 2021
5 / 5 stars
Axis Bank Home Loan Availed in Dec 2020

MyLoanCare and Axis bank were very supportive and helpful through out my Home loan process.Read more...

Manjunath, Bangalore
Reviewed on 02nd Feb 2021
5 / 5 stars
Axis Bank Home Loan Availed in Nov 2020

Nice experience. We were well informed about the process and received loan amount in time. Happy witRead more...

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Axis Bank Home Loan News - Jan 2022
  • 2021-12-15 : Axis Bank Witness Credit Growth in 18-24 Months
    Axis Bank has seen double-digit growth in GDP and Credit in FY 2024. At the same time, the GDP and credit are seen at 9.5% and 7% in FY 2022. Therefore, the bank aims to achieve GDP and Credit Growth at 8.2% and 8%, respectively.
  • 2021-10-27 : Axis Bank Reports A Growth Of 86 percent
    Axis Bank has reported a growth of 86 percent in net profit at Rs 3,133 crore in the second quarter ended Septe­mber 2021, predominantly on robust growth in fee income and sharp fall in provisions. Last year the bank posted a net profit of Rs 1,683 crore in Q2 of FY21.
  • 2021-10-20 : Axis Bank Introduces Festival Offer
    Axis Bank has announced a waiver of 12 EMIs on selected home loan products under the festival offer Dil Se Open Celebrations kyunki Diwali roz roz nahi aati. Also, two-wheeler loans are offered at an on-road price and without processing fees.
  • 2021-10-14 : Axis Bank Slashes Home Loan Balance Transfer Rate
    Indian private sector bank, Axis Bank has revised home loan balance transfer rates. Now, the lender is offering a rate of 6.60%, earlier the rate was 6.90%. Also, processing fees are decreased to Rs 2021+GST.
  • 2021-10-12 : Axis Bank Has Launched Open API For Customers
    Axis Bank unveils open APIs (Application Programming Interface), these APIs will help retail and corporate customers/ partners to use banking services integrated across partner platforms. This banking portal has retail as well as corporate products like loans, accounts, deposits, payments, trade, collections and bills.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Please wait while your information is being processed...