Axis Bank home loan assists you in purchasing and constructing a new home. It also can be utilized for funding expenditures linked with renovation or extending an existing property. Axis Bank Home Loan also comes with a wide range of benefits like competitive rate of interest, longer repayment tenures and waiver on EMI. Read on to know more about Axis Bank home loan.
| Axis Bank home loan 2022 | |
| Rate of interest (floating) | 6.75% – 11.50 % |
| Loan amount | Rs 1 lakh – Rs 5 crore |
| Loan Tenure | Up to 30 years |
| Processing Fees | Up to 1 percent (minimum: Rs 10,000) |
Data as of 5th January 2022
Axis Bank home loan interest rate
| Axis Bank home loan interest rate | ||
| Type | Rate of interest (p.a.) | |
| Salaried | Self employed | |
| Floating interest rate | 6.75 % – 7.10 % p.a. | 6.90 % – 7.20 % p.a. |
| Fixed interest rate | 12 % p.a. | 12 % p.a. |
Axis Bank home loan interest rate for Asha scheme
| Type | Rate of interest (p.a.) | |
| Salaried | Self employed | |
| Floating interest rate | 10.05 % – 11 % p.a. | 10.30 % – 11.50 % p.a. |
Axis Bank home loan types
| Axis Bank home loan |
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| QuikPay Home Loan |
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| Shubh Aarambh Home Loan |
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| Fast Forward Home Loan |
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| Asha Home Loan |
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| Super Saver Home Loan |
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| Power Advantage Home Loan |
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| Top-up home loan | ∙ Crucial features: Available just to the existing home loan borrowers and to the balance transfer applicants who require additional funds for their business or personal needs.
∙ Rate of interest available begins from 6.75 percent p.a. onwards ∙ Loan amount available is up to Rs.50 lakh ∙ Loan repayment tenure is the same as outstanding home loan repayment tenure. |
Axis Bank home loan calculator
You can simply compute your Axis Bank home loan EMI through an online financial platform by entering all your loan linked details like loan amount, loan repayment tenure and applicable Home Loan Interest Rate. With the EMI calculator, you can see different EMIs by placing them in different repayment loan tenures.
Axis Bank home loan eligibility criteria
Axis bank provides various schemes to match the home loan needs of their customer segments. Every scheme comes with its own specific set of eligibility criteria. Check out the different eligibility criteria for a home loan provided by Axis Bank.
For the salaried individuals:
∙ Applicants must have any permanent private or government job. Note that the private job should be in a reputed company.
∙ Minimum applicant’s age must be over 21 years at the loan commencement time.
∙ Maximum applicant’s age can be either 60 years or superannuation.
For professional individuals:
∙ Professionals like the dentist, doctors, engineers, architects, chartered accountants are eligible to apply for Axis Bank home loan.
∙ Minimum applicant’s age must be over 21 years when applying for the home loan.
∙ Maximum applicant’s age at loan maturity time must be 65 years.
For self-employed individuals:
∙ Any self-employed individual filling up the IT returns is eligible to apply for the home loan.
∙ Minimum applicant’s age must be over 21 years when applying for Axis Bank home loan.
∙ Maximum applicant’s age at loan maturity time must be 65 years.
Crucial documents needed for the home loan application process with Axis Bank are:
∙ Identity proof
∙ Address proof
∙ Age proof
∙ Signature proof
∙ Income proof
∙ Loan agreement and annexures
∙ Lease rental discounting
∙ Sanction letter
∙ Processing charges cheque in bank’s name
∙ TDS challan or statement reflecting this
∙ NACH or National Automated Clearance House mandate or SI form.
All the original documents are a must for verification purposes. Also, the above-stated documents are indicative. More documents may be required by the lender.
