Axis Bank Home Loan Details, Home Loan @6.65%, 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 up to ₹ 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.
Axis Bank Home Loan @6.65% – My Loan Care
Axis Bank is the third-largest private sector bank in the country that offers various banking services and financial products, including home loans.
Features & Benefits of Axis Bank Home Loans
You can avail of the following benefits on Axis Bank home loans
|Axis Bank Home Loan Schemes||Axis Bank Home Loan Processing Fee||Processing Fees|
|Axis QuickPay Home Loan||Up to 0.20%||Maximum ₹ 10,000|
|Axis Bank Fast Forward Home Loan||Up to 0.20%||Minimum ₹ 10,000 and Maximum ₹ 25,000|
|Axis Bank Shubh Aarambh Home Loan||Up to 1.00%||Maximum ₹ 10,000|
|Happy Ending Home Loan||Up to 0.20%||Minimum ₹ 10,000 and Maximum ₹ 25,000|
|Asha Home Loan||Up to 1.00%||Maximum ₹ 10,000|
|Axis Bank Repo Rate Home Loan||Up to 0.50%||Maximum ₹ 10,000|
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.
Axis Bank Home Loan Interest Rates 2022
|Loan Amount / Product||Interest Rates|
|Home Loan to Salaried|| 6.90% – 8.40%|
|Home Loan to Salaried Fixed||12.00%|
|Home Loan to Self Employed||7.00% – 8.55%|
|Asha Home Loans||10.05% – 11.50%|
The applicant should have a permanent service in a government or a reputed private sector organisation. Home Loan @6.65%, The minimum age of the applicant should be above 21 years at the time of loan commencement. The maximum age of the applicant can be 60 years or superannuation.
Professionals such as doctors, dentists, architects, engineers, cost accountants, company secretaries, chartered accountants, and management consultants are eligible to apply for a home loan. The minimum age of the applicant should be above 21 years at the time of loan commencement. The maximum age of the applicant at the time of loan maturity should be 65 years.
Any individual filing income tax returns can apply for Axis Bank Home Loan. Home Loan @6.65%, The minimum age of the applicant should be above 21 years at the time of loan commencement. The maximum age of the applicant at the time of loan maturity should be 65 years.
List of Home Loan documents required
- The following documents are required along with your loan application
- Self Employed
- Proof of Identity and Address
- Passport 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 16
- IT 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 credited Last 6 months.
Axis Bank Home Loan EMI Calculator
- Monthly EMI ₹ 15,622
- Total Amount Payble ₹ 5,62,395(Principal + interest)
- Principal Amount ₹ 5,00,000
- Total Interest Payble ₹ 62,395
- You can easily Calculate Axis Bank Home Loan EMI online at website by providing loan-related details, such as loan amount to be availed, tenure for which you are going to avail the loan, and the interest rate applicable to it. Home Loan @6.65%, With the Axis Bank home loan EMI calculator on paisabazaar.com, you can also check the different EMIs by inputting different repayment tenure.
Low Interest Rates
The interest rate is the most important thing that an individual looks for in a home loan facility. Axis Bank Home Loan Interest Rates range from 6.75% – 7.20% per annum. Lower interest rates help you in decreasing the EMI amount.
Why to Apply for Axis Bank Home Loan through Paisabazaar.com
Top Offers at One Place:- Paisabazaar.com brings to you the best home loan offers from 20+ financial institutions including Axis Bank at a single platform.
Compare & Choose:- When applying for a loan as big as a home loan, the interest rate becomes an important consideration. After all, even a slight dip in your home loan rate can help you save big on the interest outgo. At Paisabazaar.com, you can compare all possible options available to you and choose the lowest interest rate on offer.
Pre-Approved Offers:- All home loan borrowers who are registered with Paisabazaar.com get personalised pre-approved home loan balance transfer offers at low-interest rates from time to time as per their past credit behavior.
Check Your Credit Score for Free:- Lenders check your credit score when reviewing your home loan application. A higher credit score generally qualifies you for lower rates and better loan terms. Therefore, before applying for a home loan one must check their credit score and if found low must take necessary steps to improve it.
Check Your Credit Score for Free
At Paisabazaar.com, you can check your credit score and credit report for free and ensure that your credit history and personal details are in order so as to avoid rejection from a lender. You also get free monthly credit score updates and credit advisory services to help you build, improve and maintain a high credit score for easy access to credit in the future.
End-to-end Assistance:- Team Paisabazaar.com is there for you right from the time you start looking for a home loan offer till you get the money disbursed in your bank account. Our team works with you and the lender throughout the process in an effort to give you a seamless loan experience.
Axis Bank Home Loan FAQs
- How does Axis Bank evaluate my eligibility for a home loan?
Some of the factors that Axis Bank considers when determining home loan eligibility are:
2. What is Pre-EMI Interest?
Pre-EMI interest is the interest on the loan amount disbursed by the bank. It is payable every month from the initial date of disbursement until the commencement of the EMI payments.
3. Who is eligible to be a co-applicant when applying for an Axis bank housing loan?
The co-owner of the concerned property must be added as a co-applicant in the home loan application. In the case of single ownership of the property, any immediate family member such as parents, son, spouse, etc. can be included as a co-applicant in the Axis Bank Home Loan application form.
4. What are the different options available for making EMI payments?
Axis Bank borrowers may repay their home loan through any of the following two ways.
5. What are the charges applicable if want to increase EMI and reduce the tenure of my Axis Bank Home Loan?
Currently, Axis Bank levies no charge to increase the EMI. Each home loan applicant’s EMI is decided upon his/her repayment capability. To reassess your EMI, the bank will require you to submit the following documents:
6. Do get a tax benefit on Axis Bank Home Loan?
Yes, resident Indians are eligible for tax benefits on both the principal and the interest of a home loan under the Income Tax Act, 1961.
7. How should contact Axis Bank for home loan-related queries and assistance?
Get your home loan related queries, requests, and concerns resolved through the following channels.
No Prepayment Charges
Axis Bank doesn’t charge any prepayment charges if you want to repay your loan amount before the original loan tenure. By prepaying the loan amount, you can reduce your interest amount considerably. The Nil prepayment charges will only be on the loan facility at floating rates of interests.
Flexible Repayment of Loan
With the repayment tenure up to 30 years, Axis Bank ensures that you can choose the repayment schedule which can fit your budget. You can choose the tenure according to your repayment capacity and monthly income. A longer repayment tenure will also help you in paying smaller EMIs but will increase your interest burden. Whereas, shorter tenures reduce the interest outgo but can raise the EMI. So, choose a tenure that keeps your interest obligations in check while also ensuring the EMI is affordable at the same time.