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Interest Rate
Salaried
Floating Rate:-
Loan amount upto Rs 28 lacs - 8.60%
Loan amount above Rs 28 lacs - 8.70%
Top Up for existing customers
Self Employed
Floating Rate:-Loan amount upto Rs 28 lacs - 8.65%
Loan amount above Rs 28 lacs - 8.85%
Top Up for existing customers
Fixed Rate - 11.75%
Processing Fees
The processing charge to avail of an AXIS Bank Home Loan is up to 1% of the loan amount plus service tax as applicable.
Max Tenure
30 years
Credit Score
Excellent (725+)
Never Bounced any EMIs but have missed card payments over a year ago
Minimum Downpayment Required
For loan upto ₹30 lakhs - 10%
For loan above ₹30 lakhs to upto ₹75 lakhs - 20%
For loan above ₹75 lakhs - 25%
Loan Approval Before Property Selection
Yes
Documents Required
Salaried:
Proof of identity and address - Passport /Voter ID card /Driving License /Job Card issued by NREGA/Aadhaar Card / 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.
Bank statement or Pass Book where salary or income is credited - last 6 months.
Self Employed:
Proof of identity and address - Passport /Voter ID card /Driving License /Job Card issued by NREGA/Aadhaar Card / PAN card (PAN Card only as identity proof) or any other document as acceptable to the Bank.
Proof of Income - 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 Statement for last 6 months.
Property Insurance Mandatory
Yes
Typical Property Insurance Costs
0.50% of the property value
Pre-Payment Conditions
Floating Interest rate: NIL prepayment charges are applicable.
Fixed Rate Loan: 2% of outstanding principal/amount prepaid.
Loan Closure Charges
Nil
Loan Closure Conditions
Pre-closure is allowed after 12 months from loan disbursement date.
Rate change over Last 4 Years
-0.9
Closure Process
In case of death of Loan Account holder:
Request letter from the Legal Heir/ Claimant/ Nominee(s) for handover of Property documents
Letter of relinquishment for relinquishing r
Features
Choose between Floating and Fixed Rates on your Axis Bank Home Loan
Get your Axis Bank Home Loan sanction in just 5 days (T&C Apply)
Balance Transfer your existing loan to Axis B
ILLUSTRATION FOR $3,000,000 HOME LOAN for 30 years
EMI
₹23,387
PRINCIPAL PAID
₹3,000,000
INTEREST PAID
₹5,419,347
PROPERTY INSURANCE COST
₹16,667
PROCESSING FEES
₹15,000/- plus taxes
TOTAL FEES + INSURANCE
₹30,000
TOTAL EMI PAID ₹ 8,419,347 over 30 years
Reason: