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Axis Bank Home Loan

Axis Bank Housing Loan 2022

Last Updated 11th Jan 2022

Axis Bank is the third-largest private sector bank in the country that offers various banking services and financial products, including home loans.

  • Currently, Axis Bank home loan is available at the lowest interest rate of 6.65%.
  • The processing fee charged by Axis Bank on its home loan products is Upto 0.20%, Minimum ₹ 10,000 and Maximum ₹ 25,000.
  • The bank offers a home loan at both fixed and a floating rate of interest.
  • Axis Bank also offers pre-approved home loans at low rates if you have a strong credit history and existing accounts with the bank.
  • Axis Bank provides multiple home loan products such as Axis Bank Home Loan Top Up, Asha Home Loan, Super Saver, Axis Bank ShubhAarambh and Empower Home Loan.
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

Axis Bank Home Loan Details

Avail home loan from Axis Bank to purchase a house of your dream or for the home construction or renovation at competitive rates ranging from 6.65% to 10.05%. You can apply for a home loan if you are a salaried individual or self-employed professional and non-professional for a loan amount upto ₹ 2,00,00,000. However, the home loan amount will depend on the Loan to Value Ratio (LTV) of the property which is up to % of the property’s value at Axis Bank. In addition, Axis Bank offers many benefits, including an easy application process, longer tenures, doorstep service, and more.

Features & Benefits of Axis Bank Home Loans

You can avail of the following benefits on Axis Bank home loans:

  • Choose your Interest Type : Axis Bank offers its customers the flexibility to opt for either fixed or a floating rate of interest as per their convenience.
  • Doorstep Service : You can avail of or repay Axis Bank home loan at the comfort of your home.
  • Nil Prepayment Charges : The home loan is affordable, as the bank charges no prepayment charges on floating rate loans.
  • Excess Transfer Facility : Without any hassles, transfer your home loan to Axis Bank and enjoy interest savings.
  • Quick and Transparent Processing : Axis Bank offers home loans at affordable rates and transparent terms. If you are a premium customer, you can also contact your relationship manager about special benefits and offers.

Axis Bank Home Loan Processing Fee

Axis Bank Home Loan Schemes Processing Fees
Axis Bank Home Loan Balance Transfer Minimum ₹ 2,021
Axis Bank Home Loan Top Up Upto 0.50%
Axis QuickPay Home Loan Upto 0.20%, Maximum ₹ 10,000
Axis Bank Repo Rate Home Loan Maximum ₹ 10,000
Super Saver Maximum ₹ 10,000
Axis Bank Fast Forward Home Loan Upto 0.20%, Minimum ₹ 10,000 and Maximum ₹ 25,000
Axis Bank ShubhAarambh Home Loan Upto 1.00%, Maximum ₹ 10,000
Happy Ending Home Loan Upto 0.20%, Minimum ₹ 10,000 and Maximum ₹ 25,000
Empower Home Loan NIL
Asha Home Loan Upto 1.00%, Maximum ₹ 10,000

Axis Bank Home Loan Documents Required

To avail home loan from Axis Bank, you need to submit the following documents:

  • Mandatory Documents : Home Loan Application Form & PAN
  • Identity Proof (Any one of the following): Aadhaar Card/ Driving License/ Passport/ Voter Card/Govt issued Identity Card.
  • Address Proof (Any one of the following) : Aadhaar Card/ Driving License/ Voter Card/ Govt issued I.D./Utility Bills such as Electricity Bill, Water Bill, Property bills.
  • DOB Proof (Any one of the following): Passport/ PAN Card/ Aadhaar Card/Driving License/ Birth Certificate/ SSC Marksheet.
  • Signature Proof : Passport/ PAN Card/ Bank’s Verification
  • Income proof for salaried: Salary Slip for last 3 months/ 6 months payslip in the case of a variable salary, 6 months bank statement showing salary credits, Form 16 or employment continuity proof for two years.
  • Income proof for self-employed: Income Tax Return for two years, Computation of Income, Profit & Loss, Balance sheet with C.A. authorized seal and signature, Tax Audit Report (If Gross Turnover Exceeds ₹ 1 Cr or Gross Receipts Exceeds 25 Lac), Bank statements of personal and business account for 6 months, CPC and tax paid challan if ITR is filed without the digital sign, Business continuity proof for three years.

Axis Bank Home Loan Schemes

Axis Bank offers various customized home loan offers for different types of home loan borrowers. The home loan offers vary across different loan segments such as home loans for NRI, salaried, government employees, defence and army personnel, pre-approved home loans for existing customers, home loans for construction and upgradation of home, amongst others. Some of the popular Axis Bank home loan products and their specifications are listed as follows:

Happy Ending Home Loan

  • The home loan scheme comes with an inbuilt waiver of 12 EMIs if you repay your home loan on time. The home loan rates under this scheme are similar to a regular home loan. In addition, the other benefits include floating rates, nil prepayment charges.

Empower Home Loan

  • It is a home loan product for self-employed professionals and non-professionals. You avail of a home loan under this scheme at a floating interest rate with affordable interest rates, nil prepayment charges and a balance transfer facility.

Asha Home Loan

  • Axis Bank Asha home loan offers a loan for purchasing a ready-made house or constructing your own house for upto 90% of the property value. Under this scheme, you can avail of a home loan ranging from Rs. 1 Lakh to Rs. 35 Lakhs with customized loan settlement options for better loan eligibility. In addition, you can also get a waiver of 12 EMIs.

Super Saver

  • Super Saver home loan is a unique scheme with an overdraft facility that helps you save the total interest payable. You can also park additional funds in the super saver accounts along with the facility to withdraw funds anytime. Under this scheme, you can avail of a minimum loan amount of Rs. 50 Lakhs with nil prepayment charges.

Axis Bank Home Loan Top Up

  • Axis Bank top-up facility allows you to avail an additional amount of upto Rs. 50 Lakhs. You can avail of the top-up home loan over your existing home loan for a maximum period of 30 years.

Axis Bank ShubhAarambh Home Loan

  • Axis Bank ShubhAarambh, Home Loan scheme, offers exclusive Home Loans upto ₹ 30 Lakh. With no prepayment penalty under this scheme, you can get 4 EMIs waived off at the end of the 4th, 8th & 12th years under this scheme. In addition, you have the option to avail of interest benefits on qualifying under the Pradhan Mantri Awas Yojana criteria.

Axis Bank Fast Forward Home Loan

  • With Fast Forward Home Loan, get 2 EMIs waived off at no extra cost on regular payment of EMIs. You can also avail of six months waiver on completion of 10 years and another six months on completion of 15 years from 1st disbursement. In addition, the home loan scheme comes with nil prepayment charges if the loan was live for at least 10 years.

Axis Bank Repo Rate Home Loan

  • Axis Bank offers a home loan with many benefits, including smaller EMIs, longer tenure, attractive interest rates, an easy application process, doorstep service, etc. You can avail home loan for a minimum loan amount of Rs. 3 Lakhs.

Axis Bank Home Loan Balance Transfer

  • If you are paying a higher interest rate on your existing home loan, you can avail Axis Bank Home Loan Balance Transfer facility. The balance transfer facility allows you to adjust the EMI and tenure of home loan with other added benefits like a top-up home loan.

Axis QuickPay Home Loan

  • It is a unique home loan facility that allows you to repay a higher principal amount at the beginning of the loan tenure. This in turn, reduces the monthly EMI, thus allowing you to save interest payments on your home loan. In addition, you can avail of a home loan under this scheme at nil prepayment charges.

Eligibility Criteria For Axis Bank Home Loan

To avail of an Axis Bank home loan, you must fulfil the basic eligibility criteria related to age and occupation. The eligibility criteria based on your occupation is mentioned below:

Axis Housing Loan eligibility for Self-employed

The self-employed should meet the following criteria for Axis Bank Housing Loan:

  • Should be filing Income Tax Returns
  • You must have a minimum age of 21 years at the time of availing home loan. The maximum age at the time of maturity of a home loan is 65 years

Axis Home Loan Eligibility for Salaried

The eligibility criteria for a salaried individual in Axis Bank is mentioned below:

  • Should be a permanent employee working in the Government or reputed companies
  • The minimum and maximum age at the time of availing loan and home loan maturity is 21 years and 60 years, respectively.

How to Get the Best Offer on Axis Bank Home Loan?

To get the best home loan offers on Axis Bank, you must compare offers based on the following parameters:

  • Interest Rates : The interest rates on various Axis Bank schemes varies based on your eligibility. It would be best if you compare the rates and offers of Axis Bank schemes with other banks. Having a good CIBIL score, low debt-income ratio and higher-income sources ensure that you can get low rates on your home loan. In addition, you can also add a co-applicant to improve your eligibility for an Axis Bank home loan.
  • Processing Fees & Other Charges : Along with home loan rates, Axis Bank may charge various other charges on your home loan. These include processing fees, prepayment and foreclosure charges, stamp duty, and legal fees. If you have a good relationship and repayment history and work with a reputed organisation, you can negotiate with the bank to decrease the cost of borrowing.
  • Approval Process : Axis Bank provides pre-approved home loans to the existing customers who have a good existing relationship with the bank. Thus, you can get online and quickly approve your home loan if you have paid all your dues on time.

How to Apply for Online Axis Bank Home Loan?

You can apply for an Axis Bank home loan by visiting their official website. However, to get the best offers on your home loan, you can avail of the loan from an online marketplace like MyLoanCare. Here are some benefits of applying for an Axis Bank home loan through MyLoanCare:

  • Customised assistance regarding the loan approval process and more.
  • Comparison of home loan rates for top banks and NBFCs
  • Cashback offers on disbursement of home loans.

Axis Bank Home Loan EMI Calculator

Axis Bank home loan EMI calculator helps the home loan borrowers plan their home loan EMIs, that is composed of the monthly interest rate, and monthly reducing balance. The calculator functions on the basic components of the principal amount, loan tenure and interest rate. Axis Bank Home loan calculator helps the loan borrower pre-plan their home loan in advance.

Axis Bank Home Loan Eligibility Calculator

Axis Bank Home loan eligibility calculator is an online tool that helps the Axis Bank home loan borrowers estimate their home loan eligibility. The eligibility calculator considers various factors such as the income of the applicant, age, work experience, employment and credit score. Therefore, the eligibility helps one analyse their ability and affordability of a home loan. You can also add a co-applicant in case your loan eligibility is lower than the amount.

Why Should I Take A Home Loan From Axis Bank?

Choosing Axis Bank to finance your home loan is a good option if you want to avail of a home at rates as low as 6.65%. In addition to the attractive home loan rates, the bank offers other benefits such as choosing between fixed and floating rate home loans, multiple home loan schemes for fulfilling diverse needs such as purchasing, constructing or renovating a house, balance transfer facility and much more. Further, the eligibility criteria for a home loan from Axis Bank are flexible with doorstep banking facilities.

FAQs

Can I apply for an Axis Bank home loan online?

Yes, you can apply for an Axis Bank home loan online by visiting the bank`s official online portal for home loans or at an online marketplace like MyLoanCare.

Which is the best Axis Bank home loan scheme?

Choosing the best Axis Bank home loan scheme is subjective to the requirement of the home loan applicant. For instance, there are different home loan offers for the purchase, construction or renovation of a home. Thereby, choosing the best Axis Bank home loan scheme is based on your home loan needs.

Is Axis Bank good for a home loan?

Axis Bank is one of the best home loan lenders in the country. Currently, Axis Bank home loan interest rate 2022 starts at 6.65%.

How many types of Axis Bank home loans are there?

Axis Bank offers various home loan products for the convenience of home loan borrowers, as listed below:

  • Axis Bank Home Loan Top Up
  • Super Saver Home Loan
  • Empower Home Loan
  • Asha Home Loan

How can I check my Axis Bank home loan status?

You can track Axis Bank home loan status using various methods as mentioned below:

  • Visiting the official Axis Bank Website
  • Downloading Axis Bank mobile application
  • Contacting Axis Bank customer care

What is Axis Bank Home Loan procedure?

There are two methods to complete the application for Axis Bank Home Loan Process online:

  • Apply online at Axis Bank’s official website
  • Online Marketplace like MyLoanCare

However, availing of a loan through an online marketplace improves your chances of getting the best loan rates, low processing fees, and special offers in the form of cashback.

What is the maximum loan tenure I can opt under Axis Bank house loan?

Axis Bank offers you a longer tenure of 30 years to repay your loan with the benefit of paying less EMI per month.

Does Axis Bank check CIBIL for home loans?

Yes, to avail of a home loan from Axis Bank, you must fulfill Axis Bank Home Loan CIBIL requirement of a minimum CIBIL Score of 650 or above.

Can I transfer my house loan from another bank to Axis Bank?

Yes, you can transfer your existing home loan from another bank to Axis Bank.Availing loan transfer to Axis Bank can allow you to save interest, pay lower EMIs, and save money.

Can I club my spouse’s income with mine and apply for a joint Home Loan in Axis Bank?

You can club your spouse’s income to increase your Home Loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

What is the benchmark applicable for a housing loan?

The benchmark applicable for Home Loan in Axis Bank is RLLR. RLLR is an external benchmark wherein commercial banks use the RBI’s repo rate to calculate the retail loan interest rate. In RLLR, the reset period is 3 months which implies that banks would revise your interest rate of RLLR-linked loans every 3 months.

What is the processing fee for a home loan in Axis Bank?

The processing fee for a home loan in Axis Bank varies for different home loan products based on your eligibility. For instance, the processing fee for Empower Home Loan and Super Home Loan is ₹ 10,000 & ₹ 25,000, respectively.

How can I reduce my Axis Bank housing loan EMI?

To reduce your housing EMI in Axis Bank, you can prepay your home loan. The bank does not charge any penalty on prepayment.

What is the minimum salary for an Axis bank home loan?

It would be best if you had a minimum income of ₹ 25,000 to avail an Axis Bank home loan. However, the income requirement may vary based on your credit history.

How long does it take from the time of application to the time of loan disbursement?

The process of home loan disbursement in Axis Bank involves submitting home loan documents, verifying documents, and property evaluation. It may take around seven days to 4 weeks for the disbursement of the loan.

How can I get Axis bank pre-approved home loans?

Axis Bank offers pre-approved home loans to both new & existing home loan borrowers. However, if you have a good existing relationship, high-income sources, low debt-income ratio, you can easily get a pre-approved home loan from Axis Bank.


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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
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