Axis Bank Home Loan Interest Rate, Apply 2024

Hello dear readers, hope you are doing well, today we will know about How to get Axis Bank Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

Home loan comes under the category of secured loan. To take this loan, the applicant has to pledge something. If you want to fulfill your dream of home then you Axis Bank Home Loan can connect with

In this article, we will know friends what is Axis Bank Home Loan, what are the eligibility and documents for this loan, what is the interest rate of this home loan etc. That’s why you are requested to read this article till the end.

Axis Bank Home Loan

Any person can take a home loan for the construction of his house or for buying a house or for the renovation of his house. Axis Bank Home Loan top in india Home loan is one of the best.

Salaried person) and self employed can apply for home loan from Axis Bank. The lowest EMI on Axis Bank home loan is Rs 649 per month. Axis Bank Offers home loans at both fixed and floating interest rates. Axis Bank offers various types of home loans to its customers. The processing fee charged on Axis Bank Home Loan starts from 0.50%.

Axis Bank Home Loan But it also provides you the facility of top-up loan. Under Axis Bank Home Loan Top-up, the bank allows existing home loan customers to take an additional loan against home loans up to Rs 50 lakh to meet personal or business expenses. Government of the India Prime Minister’s Housing Scheme (PMYY) Under this you can get subsidy on home loan from this bank.

Home Loan Before applying for the loan, you should calculate your EMI so that you will get an idea of the amount you will have to pay at the time of loan repayment. The amount to be given under the home loan is the applicant’s income, his CIBIL Score depends on If your income, CIBIL score is high then you can get home loan up to higher loan amount.

If you belong to Axis Bank Personal Loan If you want to apply for this, then you can apply by clicking on this link “ Axis Bank Personal Loan ”.

Key Features of Axis Bank Home Loan

• Loan Name: Axis Bank Home Loan 2024
• Bank Name : Axis Bank
• Interest Rate: Starting from 8.10% pa
• Loan amount: Rs 3 lakh to Rs 5 crore
• Application Mode : Online / Offline
• Processing Fee : Starting from 0.50%
• Age Limit: 21 to 65 Years
• Official Website: https://www.axisbank.com/

Axis Bank Home Loan Types

The bank provides various types of home loan facilities to the customers. Some of the home loans offered by Axis Bank are as follows:

• Quickpay Home Loan
• Home Loan (Shubh Aarambh Home Loan
• Fast Forward Home Loan
• Asha Home Loan
• Top -Up Home Loan
• Super Saver Home Loan
• Power Advantage Home Loans
• Pradhan Mantri Awas Yojana (PMAY)

Axis Bank Home Loan Interest Rate 2024

Applying for a home loan, you should know how much interest you will have to pay on that loan. Axis Bank ‘s Home loan interest rate starts from 8.10% p.a. Provides home loan at both fixed and floating interest rate. You can see the Axis Bank Home Loan interest rates in the table given below. Let us tell you that the interest rate for the customer will depend on their credit evaluation and product type.

How to take a personal loan Personal Loan Interest Rate Similarly, before taking a home loan, it is important to know about Home Loan Interest Rate It is important to have information about

If you apply for that loan without knowing the correct interest rate of the loan, then you may have to face problems at the time of repayment of the loan.

For Salaried Persons:

type	Repo Rate + Spread	effective interest rate
Floating Rate	Repo Rate + 2.90% to Repo Rate + 4.40%	6.90% – 8.40% p.a.
Fixed Rate	all loan amount	12%

For Self Employed Individuals:

type	Repo Rate + Spread	effective interest rate
Floating Rate	Repo Rate + 3.00% to Repo Rate + 4.55%	7.00% – 8.55% p.a.
Fixed Rate	all loan amount	12%

Some of the interest rates on Asha Home Loan are as follows:

For Salaried Persons:

type	Repo Rate + Spread	effective interest rate
Floating Rate	Repo Rate + 6.05% to Repo Rate + 7.00%	10.05% – 11% p.a.

For Self Employed Individuals:

type	Repo Rate + Spread	effective interest rate
Floating Rate	Repo Rate + 6.30% to Repo Rate + 7.50%	10.30% – 11.50% p.a.

Distributed interest rate:

Home Loan	Min Rate of Interest	Max Rate of Interest	Mean Rate
<75 Lakhs	8.10%	12.50%	7.58%
75 Lakhs to 1 Cr.	8.10%	11.00%	6.89%
= 1 Cr.	8.10%	7.80%	6.89%

Home Loan Amount

Axis Bank offers various types of home loans and the loan amount is different for each loan. You can take a home loan from the bank from Rs 3 lakh to Rs 5 crore. Home loan amount depends on your income and your CIBIL score. If your income is high and your credit score is also good then you can get higher loan amount.

can see the loan amount of all the home loans of axis bank in the table given below :

Home Loan Type	loan amount
Quickpay Home Loan	Rs.5 crore
Shubh Aarambh Home Loan	Rs.30 lakh
fast forward home loan	30 lakh to 5 crore
Asha Home Loan	1 lakh to 35 lakh
Top-up Home Loan	50 lakhs
Super Saver Home Loan	50 lakh to 5 crore
Power Advantage Home Loan	5 crore
Prime Minister’s Housing Scheme	2.67 lakh

Benefits and Features of Axis Bank Home Loan

• You can take a home loan from the bank up to Rs 3 lakh to Rs 5 crore.
• You can do better on the basis of your income Credit Score You can get a higher home loan amount on the basis of Rs.
• The bank will not charge you any prepayment charges on this home loan.
• Axis Bank provides you both fixed and floating interest rate, you can choose any interest rate as per your wish.
• you your current Home Loan You can transfer it to Axis Bank without any hassle.
• If you prepay the loan in full, you are not charged any prepayment fee but it is applicable only on the floating interest rate.
• You can take Axis Bank Home Loan with a longer tenure of up to 30 years.
• You can take advantage of home loan to buy a house, get a house repaired or build a house.
• You can apply for home loan online or offline.
• You are also given the benefit of tax benefit on Axis Bank Home Loan under Section 80C of the Income Tax Act 1961.
• Axis Bank provides various types of home loan facility to the customers.
• The home loan interest rate of this bank starts from 8.10% per annum.

Things to note before applying for Axis Bank Home Loan

• You should calculate your EMI before applying for a home loan. You should make sure that you are able to pay EMI up to Rs.
• If you apply for a very large amount, then the bank will approve your loan amount. does not That’s why you should check your eligibility before applying for a home loan so that you can get an idea of the loan amount up to which you are eligible.
• If you already have a relationship with a bank (such as a savings/salary account, car loan, personal loan, etc.), your credit history and personal details will already be with the bank, in which case your loan will be available within a short period of time. may be approved.
• In most of the cases, the bank offers the home loan to the customer with good repayment record and high credit score at low interest rate and low processing fee.
• If you need more loan amount but your income is not that high then you can take joint loan with your spouse/parents/siblings.
• reduce your EMI, you can opt for the long term loan option.
• Before applying for home loan, do all your documents at one place.
• Do not delay in repaying your loan, it will improve your credit score.
• Don’t take a huge loan as you may find it difficult to repay it.

Home loan Fees & Charges

also need to be aware of what Fees & Charges you have to pay on Home Loan. Goods and Services Tax (GST) Additional charges as per applicable rates on all duties and charges (wherever GST is applicable) will be levied by the bank. Some of the Fees & Charges applicable on Axis Bank Home Loan are as follows:

Fee Details	fee
processing fee charged	1% of the loan amount, with a minimum of Rs. 10,000/- subject to
penal interest rate	24% p.a. ( 2% p.a.)
Switching charges (floating rate to fixed rate)	1%   on outstanding principal with a minimum of Rs 10,000/- Not applicable on Shubh Aarambh, Fast Forward and Empower Home Loan variants
Switching charges (high floating rate to low floating rate)	Shubh Aarambh and Fast Forward Home Loans as per applicable offer   – 0.5% on outstanding principal with a minimum of Rs. 10,000/- plus the lower rate will be equal to the applicable carded interest rate only. Not applicable for Empower Home Loan
Repayment Instructions / Check Return Fee	Rs 500/- Per Instance
Check/Instrument Swap Charges	Rs 500/- Per Instance
Duplicate statement issuance fee	Rs 250/- Per Instance
Duplicate Amortization Schedule Issuance Fee	Rs 250/- Per Instance
Fee for issue of duplicate interest certificate (provisional/actual)	Rs 250/- Per Instance
Duplicate No Dues Certificate / NOC	Rs 500/- Per Instance
Issuance fee for photocopies of title documents	Rs 250/- Per Doc Set
Charges on customer initiated requests for copies of documents	Rs 250/- Per Doc Set
Prepayment charges including part prepayment for floating rate loans	NIL
Prepayment charges for fixed rate loans	2%   of prepaid amount Shubh Initiation Fixed rate not offered, Fast forward and Strong home loan
Equitable Mortgage Construction Charges	As applicable in the state
CERSAI CHARGE	Rs 50/- For Loans up to Rs 5 Lakhs Rs 100/- For Loans above Rs 5 Lakhs

Axis Bank Home Loan Eligibility 

Now let’s talk about Axis bank home loan eligibility. If you are eligible for this home loan then only you can apply for it. You can check your eligibility by visiting the official website of the bank with the help of eligibility calculator. You can take a home loan from the bank up to a minimum of Rs 3 lakh. The eligibility for different persons is given here. You can see it:

Eligibility for Salaried Person:

• Individuals with permanent service in the government or reputed companies are eligible for home loans.
• The age of the applicant at the time of applying for the loan is 21 years and the maturity of the loan Should be 60 years at the time of retirement or retirement, whichever is earlier.

Professionals Eligible for Home Loan:

• Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries, and management consultants only) are eligible for Axis Bank Home Loan.
• Applicant’s age should be 21 years at the time of applying for home loan and 65 years or less at the time of home loan maturity.

Eligibility for Self Employed Individual:

• Any person filing Income Tax Return can apply.
• 21 years while applying for the loan and below 65 years at the time of maturity of the home loan.

Margin :

• 30 lakhs For home loan up to Rs. 10%
• Rs.30 lakh to Rs.75 lakh – 20%
• 75 lakh – 25%

Axis Bank Home Loan Documents Required

applying for a home loan, you must have the following documents :

• Completely filled and duly signed application form along with latest passport size photographs of all applicants
• PAN card
• PAN card is mandatory for all financial applicants
• PROCESSING FEE AND CERSAI CHECK
• Self-attestation of borrowers on all documents submitted
• Aadhar Card is mandatory for Credit Linked Subsidy Scheme (PMAY) applicants
• Proof of Identity (Passport / Aadhar Card / Driving License / Voter ID / Government of India Issued Photo ID / Government Employee ID)
• Address Proof (Aadhaar Card / Driving License / Voter ID Card / Photo ID issued by Government of India / Government Employee ID / Electricity Bill / Gas Bill / Telephone Bill / Property Tax Receipt)
• Date of Birth Proof (Passport / PAN Card / Aadhar Card with Date of Birth / Driving License / Birth Certificate / SSC Marksheet)
• Signature Proof (Passport / PAN Card / Banker’s Verification / Notarized Affidavit with ID and Address Proof (Not Applicable for Financial Applicant))

proof of income: You will have to submit the following documents as income certificate:-

for salaried

for self employed

3 Months Salary Slip 6 Months Salary Slip / 2 Years Bonus Proof (in case of Variable Pay) 6 Months Bank Statement showing Salary Credits 2 Years Form 16 ( or Employment Continuity Proof)For NRI Salaried- 3 Months Salary Slip Appointment Letter/Contract Letter Continuing Discharge Certificate for Shipping Matters 6 Months Domestic NRE/NRO Account Statement 6 Months International Salary Account Statement Foreign Credit Report Valid Visa Copy/OCI Card Copy of Passport POA Details

2 Years ITR, Income Computation, P&L, Balance Sheet with CA Seal and Sign For ASHA HL – 1 Year ITR, Computation of Income, P&L, Balance Sheet with CA Seal and Sign Tax Audit Report ( If Gross Turnover is more than Rs 1 Crore or Gross Receipts is more than 25 Lakhs) 6 Months Bank Details of Personal and Business Accounts If ITR is filed without Digital Sign-CPC and Tax Paid Challan Business Continuity Proof (of HL) 3 years for LAP / 5 years for LAP)

• For balance transfer / acquisition of loan from other bank / financial institution:
  • 12 months loan account statement with latest outstanding letter
  • Existing loan details and 6 months bank statement from where EMI is deducted
• Lease Rental Discounting:
  • 6 months bank statement where rent is credited
  • Registered valid lease agreement
  • 2 Years ITR, Income Computation, P&L, Balance Sheet with CA Seal and Sign
  • 1 year 26 AS
  • If Partnership Firm – Partnership Deed, 2 Years Audited Financials, Operative Account, KYC, Partnership Authority Letter

For applicants who are partners in a firm / directors in a company:

Partner / Partnership Firm

director of a company

Partnership Deed, List of Partners, NOC as per Axis Bank Format. Complete financial information along with Audited ITR of Partnership Firm. Partnership authorization letter on the letterhead of the firm signed by all the partners in case the firm stands as guarantor.

For Company – 2 Years ITR, Computation of Income, P&L, Balance Sheet with CA Seal and Sign. Tax audit report (where gross turnover exceeds Rs.1 crore or gross receipts exceeds Rs.25 lakh). Board Resolution (if company is applicant) as per Axis Bank format. Certificate of Incorporation, MOA and AOA. DIN of all directors, Board Resolution of the company (as per Axis Bank format). Latest Share Holding Pattern duly signed by Company Secretary / List of Directors.

Documents to be submitted before loan disbursement: The documents to be submitted before loan disbursement are given here, you can see them:

document	check and control
loan agreement and contract	Loan Agreement by Product Type.   Contracts are to be duly filled, signed and stamped as per State Law: MII (Most Important Information) Page MCLR MoU Letter Schedule of Loan Agreement List of Documents (LOD) Loan Sanction Letter (if any) Disbursement Request Letter NRIs For – Clear GPA Documents Indemnity Guarantor Agreement for Under Construction Matters in Plot Loan (if applicable) Any changes/corrections to be certified by the applicants
National Automated Clearance House (NACH) Mandate/Standing Instruction (SI) Form and Security Check (SPDC)	NACH / SI mandate along with a signed canceled check bearing the name of the account holder as per bank records. SPDC – 3 undated security PDCs equal to EMI amount. 1 Undated check is kept blank. 1 check for PEMI amount. SPDC in favor of “ AXIS BANK LIMITED LOAN ACCOUNT CUSTOMER NAME ”.
Loan Cover/Insurance Details	Property Insurance Application Form (Mandatory) General Insurance Application Form (if applicable) Life Insurance Application Form (if applicable)
Processing Fee / Equitable Mortgage Check	Balance Processing Fee Check (With Clearance Details) against   “ Axis Bank Limited Account Service Charges ” Equitable Mortgage Charges / Stamping Charges in favor
property document	Property documents as per the type of transaction, as per the policy of the bank
For balance transfer / acquisition of loan from other bank / financial institution	Original list of documents from the previous financier. Latest 12 Months Loan Account Statement with Latest Outstanding Letter. Existing loan details and 6 months bank details from where EMI is deducted. Indent of Guarantee, Promises of Indemnity, Forwarding Letter and Annexure in Axis Bank format.
own contribution receipts	Receipts of own contribution. Bank statement showing debit of own contribution paid.
acceptance letter	Power of Attorney / Power of Attorney duly accepted and signed by all the applicants. All the approval conditions are to be fulfilled.
TDS	If TDS is being paid by the applicant – TDS Challan and Bank Statement showing the debit of TDS paid. In case TDS is not paid by the applicant – Undertaking cum compensation to deduct TDS amount from disbursements.
PSL Documents	Financial Documents (any of the following): Audited Balance Sheet CA Certificate – Original Investment in Plant and Machinery Copy of Invoice (Investment in Plant and Machinery) Additional Documents (Any of the following): Audited/Unaudited (Profit and Loss Account ) ) GST Registration Certificate for LAP Cases – PSL Annex
Other documents (to be collected if applicable)	Customer’s letter to opt for EMI in partially disbursed case. Local Language / Indemnity Bond Double Name / Double Signature Affidavit. Credit Linked Subsidy Scheme (PMAY) Affidavit | Facility Agreement duly signed by third parties/vendors. End use letter for Top up / LAP / LAP top up cases.

Axis bank home loan Apply

If you have read this article completely then you must have come to know whether you are eligible for this loan or not. If you are eligible for this home loan, then you can apply for it both online and offline. Information about both the process of applying is given here, you can see it.

How to apply for Axis Bank Home Loan online ?

• To apply online, you have to first visit the official website of the bank https://www.axisbank.com/.
• On the home page of the website, in the option of Explore Products, the option of Home Loan will appear in the option of Loans, click on it.
• After clicking, all the information related to home loan will come in front of you on the next page.

• All the types of home loans of Axis Bank will come in front of you, you have to click on the option of Apply Online for the loan for which you want to apply.
• After clicking, the application form for loan will appear in front of you.
• In this form, you have to enter all the requested information correctly and click on submit.
• submit the form, the bank will contact you and ask for some necessary documents.
• If you are found eligible for the loan then your loan will be processed further.

How to Apply Axis Bank Home Loan Offline ?

If you do not want to apply online then you can also apply offline. To apply offline, follow the steps given below :

• First of all you have to go to your nearest Axis Bank branch.
• By going to the bank, you have to tell the bank employee that you want to apply for home loan.
• The bank employee will provide you all the information related to the home loan.
• After that your documents will be verified. After verifying the documents, it will give you information about how much loan amount you are eligible for.
• If you fulfill all the conditions of the bank, then your loan is approved and the loan amount is transferred to your account.

Axis bank home loan status

applied for home loan then you You can check the status of your home loan online. Or you can also check the status of your application by talking to Axis Bank Home Loan Customer Care. To check online status, follow the steps given below :

• First of all you have to go to the official website of the bank.
• On the home page of the website, you will see the option of APPLICATION TRACKER, click on it.
• Here is the direct link – https://www.axisbank.com/application-tracker
• On the next page, you have to click on the option of loans.
• A form will open in front of you. Here you can check the status of your application by entering the required details.

How to Login Axis Bank Home Loan ?

• Visit the official website of the bank.
• Click on Login option on the home page.
• Enter the required details in the login form and login.

Axis Bank Home Loan EMI Calculator

should calculate your EMI before applying for a home loan. So that you can find out whether you are able to pay the EMI of the loan you want to take or not. The lowest EMI of this bank’s home loan is Rs 649 per lakh per month. You can understand it more from the table given below:

Loan Amount (Rs.)	interest rate (per annum)	loan tenure	EMI per month (Rs.)
3 lakh	6.75%	30 years	1,946
5 lakh	7%	30 years	3,327
7 lakh	7.50%	30 years	4,895
10 lakh	8%	30 years	7,338

Axis Bank Home Loan Customer Care Number

If you are facing any kind of problem in taking home loan, then you can contact the helpline number of the bank.

• Customer Care Number – 1 – 860 – 419 – 5555, 1 – 860 – 500- 5555

Conclusion:

In this article, we have given you ” How to get Axis Bank Home Loan?” Provided complete information about 

If you are eligible for this home loan then you can apply for this loan by reading this article.

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FAQs on Axis Bank Home Loan