Explore 2017 interest rates available for Axis bank home loan. Check eligibility criteria, EMI calculator, Axis bank home loan documents required and get instant approval.

Axis Bank Home Loan

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 with our expert Help on Credit Nation.

Axis Bank Home Loan Eligibility Criteria

A) Axis Bank Home Loan Eligibility Criteria for 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) Axis Bank Home Loan Eligibility Criteria for 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) Axis Bank Home Loan Eligibility Criteria for Self Employed Individuals

  • Any individual filing income tax returns can apply Axis bank home loan
  • 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

Determine your loan eligibility using our Home Loan Eligibility Calculator

Use the Axis Home Loan calculator to calculate the exact amount you will pay as your monthly installment. It is the most difficult task while looking for a loan after all you will have to plan for that amount in advance, every month. Keep in mind that EMI for your home loan is decided on your eligibility criteria, the amount, the type of home loan plan and the repayment period.

Use the home loan EMI calculator - Axis Bank to calculate the amount you will repay on a monthly basis.

P*r* (1+r)^n/([(1+r)^n]-1)
In above formula,
P stands for Loan amount. It can be range from Rs. 1,500,000 to Rs. 100,000,000
R stands for Rate of interest per month.
n stands for the duration of loan in terms of month. For Axis bank it can be up to 360 months,

List of Home Loan documents required for Axis Bank

The following documents are required along with your loan application:

PurposeSalariedSelf Employed
Proof of Identity and AddressPassport or Voter‘s ID card or Driving License or Job Card issued by NREGA or Adhaar Card or PAN card (PAN Card only as identity proof) or any other document as acceptable to the Bank
Proof of income Latest 3 Months salary slip showing all deductions and Form 16IT returns for the last 2 years and computation of income for the last 2 years certified by a CA
Bank statement or Pass Book where salary or income is creditedLast 6 months Last 6 months
Guarantor form OptionalOptional

Attractive interest rates on Axis Bank Home Loans to ease your monthly outgo

Interest rate is one of the most important factors that determine the cost of your loan. If the home loan interest rate is high, then larger amount you will have to out every month. Axis Bank offers some of the most attractive home loan interest rates, helping you keep your EMI in check. So APPLY NOW to get best offers.

But interest rates often fluctuate, and higher housing loan rates could affect monthly budgets. Our floating rate loans allow you to hedge the risk of rising home loan interest rates in India. If you are confident that interest rates will not rise, you may opt for a fixed rate of interest that provides you with the luxury of being locked into a fixed rate for a period of time. You then don’t have to worry about your monthly budgets.

Axis Bank Home Loan Rates

For Salaried:
Sr. NoType Loan amount (Rs.)Base Rate + Mark Up Effective Rate Of Interest
1Floating RateAll loan amountsBase Rate + 0.10%9.95% p.a.
Top UpBase Rate + 2.20%12.05% p.a.
For Self Employed:
Sr. NoTypeLoan amount (Rs.) Base Rate + Mark UpEffective Rate Of Interest
1Floating RateLoans upto Rs. 75 LacsBase Rate + 0.35%10.20% p.a.
Loans above Rs. 75 LacsBase Rate + 0.60% 10.45% p.a.
Top Up Base Rate + 2.20%12.05% p.a.

Base Rate - 9.85%

Rates applicable only for Vanilla (Standard) Home Loan product

Axis Bank Home Loan with Fixed Rate of Interest

TypeEffective Rate Of Interest
Fixed Rate 11.75% p.a.

Check the Processing charges for Axis Bank Home Loans

Axis Bank Home Loan Other Charges:

Sr. NoTypeCharges
1Repayment Instruction/Instrument Return chargesRs.500/- per instance
2Cheque/Instrument Swap chargesRs.500/- per instance
3CERSAI ChargesRs.500/-
4Duplicate Statement issuance chargesRs. 250/- per instance
5Duplicate Amortization schedule issuance chargesRs. 250/- per instance
6Duplicate Interest Certifcate (Provisional/Actual) issuance chargesRs. 250/- per instance
7Issuance charges for Photocopy of title documentsRs.250/- per document set
8Charges on customer initiated requests for copies of documentsRs.250/- per document set
9Equitable mortgage creation chargesAs applicable in the state
10Credit Bureau report issuance chargesRs.50/- Per Instance
11Prepayment Charges for Floating Rate LoanNil
12Prepayment Charges for Fixed Rate Loan2% of outstanding principal/amount prepaid
13No Due CertificateNA
14Solvency CertificateNA
15Charges for Late Payment of EMIRs 500 per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment‘s

Switching Cost:

Switching from the fixed rate scheme to the floating rate scheme and vice versa is permissible. If a fixed rate customer wants to reschedule loan to present fixed interest rate applicable to the new customers, the same is also permissible. The existing floating rate customers can also switch to lower rate. For all above changes a nominal switch fee is applicable. Customers can contact Credit Nation any time to know more on the same.