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Quick and easy home loans
Need help buying a home ?
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 our home finance products a first choice for savvy buyers. In addition, features such as flexible tenures, transparent processing and quick service have made our products stand out among the best home loans in India
We have 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
Features of Axis Bank Home Loans
Axis Bank housing loans are designed for today?s home-hunter. Our easy home loans are rich in features and offer a number of benefits.
  • Attractive housing finance rates: We offer attractive interest rates that make your housing loans affordable and easier on your pocket every month.
  • Flexible rates: Choose between fixed and floating rate options depending on which way you think interest rates are moving.
  • Balance transfer facility: Not satisfied with your existing home loan provider? You can transfer your home loan to us without any hassles.
  • Doorstep service: You don't have to go the bank for home loans; the bank will come to your doorstep. Perfect for those leading busy lives.
  • Nil prepayment charges: Come into some money and want to pay off your housing loan early? You can do that at Axis Bank without worrying about prepayment charges.
Loan Purposes
Need help buying a home?
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 our home finance products a first choice for savvy buyers. In addition, features such as flexible tenures, transparent processing and quick service have made our products stand out among the best home loans in India.
We have 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.
Land Loan features and benefits
  • You can use the land purchase loan to buy a plot of land and to construct the house.
  • You can take a land loan to build a house on a plot of land that you already own.
  • The land loan can be used to buy a new house/ flat.
  • Purchase an old house/ flat. To avail of the loan, the residual age of the property as confirmed by our empanelled valuators at the maturity of the loan should not be less than 10 years.
  • Takeover of existing housing loans.
Home Improvement Loan features and benefits
  • You can use our home improvement loans for a variety of purposes. You can utilize it to make renovations, paint the house, carry out repairs to the walls and floor etc.
  • You also get the benefit of attractive interest rates on home renovation loans.
Home Loan : Eligibility
Need a home loan? Check your housing loan eligibility now. Axis Bank offers loans to a variety of individuals. Home loan eligibility is determined by various factors such as income, employment status, tenure and so on. Our aim is to provide affordable housing loans to as many individuals and families as possible.
Home Loan Eligibility criteria
A) - Salaried Individuals
• Individuals in permanent service in the Government or reputed companies meet our 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
Home Loan : Documents Required for Home Loan
While we try to keep paperwork and formalities to a minimum, some documents are required for a home loan. Axis Bank will require documents that provide proof of your identity, address, income and so on. Once you submit your documents, getting an Axis Bank loan is a quick and easy process
List of home loan documents required
The following documents are required along with your loan application:

Purpose

Salaried

Others

Proof of identity Voter's ID card or driving license or PAN card or photo credit card or employees ID card or defense or police or government department ID card Voter's ID card or driving license or PAN card or photo credit card
Proof of income Latest salary slip showing all deductions or Form 16 along with recent salary certificate IT returns for the last 2 years and computation of income for the last 2 years certified by a CA
Proof of residence Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or latest LIC policy or insurance premium receipt or employers letter certifying the current mailing address or latest NSC or other similar instruments indicating the address or existing house lease agreement Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or latest LIC policy or insurance premium receipt or latest NSC or other similar instruments indicating the address
Bank statement or Pass Book where salary or income is credited Last 6 months Last 6 months
Guarantor form Optional Optional
Home Loan : Interest Rates & Charges
Quick and easy home loans
Sr. No Type Loan amount (Rs.) Base Rate + Mark Up Effective Rate Of Interest

1

Floating Rate Less than Rs. 25 Lac Base Rate + 0.75% 10.75% p.a.
Loans greater than Rs.25 lac - Rs. 75 lac Base Rate + 1.00% 11.00% p.a.
Loans greater than Rs. 75 lac Base Rate + 1.25% 11.25% p.a.
Top Up - All loans, Renovations Base Rate + 2% 12.00% p.a.

2

Fixed Rate All Loan Category - 14% p.a.
Base Rate - 10.00%
Scheme Loan Processing Charges Prepayment Charges No Due Certificate Solvency Certificate Charges for Late Payment of EMI Charges for changing from fixed to floating rates of interest Charges for changing from floating to fixed rates of interest
Power Home 1% + Service tax as applicable

Nil

NA

NA

Rs 500 + taxes per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s Min. Rs. 5000 or 1% of the outstanding amount whichever is higher Min. Rs. 5000 or 1% of the outstanding amount whichever is higher
Other Charges:
Sr. No Type Charges

1

Repayment Instruction/Instrument Return charges Rs.500/- per instance

2

Cheque/Instrument Swap charges Rs.500/- per instance

3

Duplicate Statement issuance charges Rs. 250/- per instance

4

Duplicate Amortization schedule issuance charges Rs. 250/- per instance

5

Duplicate Interest Certifcate (Provisional/Actual) issuance charges Rs. 250/- per instance

6

Issuance charges for Photocopy of title documents Rs.250/- per document set

7

Charges on customer initiated requests for copies of documents Rs. 250 per document set
Switching Cost : Switching from the Floating rate scheme to the Fixed rate scheme and vice versa is permissible. If a fixed rate customer wants to reschedule the loan to a lower interest rate, the same is also permissible.
Home Loan : Terms and Conditions
Repayment
• Repayment period for home loans shall not exceed 25 years.
• Repayment period of pre-allotment bookings of housing loans shall not exceed 1½ year
• Repayment period of improvement or renovation or extension of existing property shall not exceed 10 years
Security
Equitable mortgage of the property to be financed by way of deposit of title deeds.
Disbursement The loan will be disbursed in full or in suitable installments, taking into account the requirement of funds and progress of construction, as assessed by the Bank directly to seller or builder or local development authority or supplier of materials etc.
Processing charges or admission fee
Processing fee equivalent to 1% of the loan amount (applied for) will be collected along with the application form (taxes as applicable).
Penalty for early closure
Nil.
Other Conditions
Bank reserves the right to reject any application without assigning reasons thereof The applicant will undertake to inform the Bank as and when there is a change in address or employment.
The terms and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Bank's discretion.