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Axis Bank Home Loan

The Axis Bank offers home loans to salaried as well as non – salaried individuals at attractive interest rates which range between 8.95% - 12.00%. The bank provides the borrowers to repay the loan in easy equated monthly instalments which is spread over a long period of 30 years. 

Loan Name Interest Rate Processing Fee Loan Amount Tenure
Axis Bank Home Loan 8.95% - 12.00%, Fixed/Floating 1% of the loan amount (minimum of Rs 10,000) Above 75 lakhs 1-30 Years
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License 
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.
Benefits

  • The applicant can choose either floating or fixed interest rates as per their preference.
  • Get attractive interest rates
  • Affordable home loans
  • Equated Monthly Installments (EMI) will be easy on the borrower's pockets
Eligibility

For Salaried Individuals

  • Applicants should be employed in government or reputed organizations to secure home loans in Axis Bank.
  • The age of the applicant should be minimum of 21 years.
  • The maximum age of the applicant at the time of loan maturity should be 60 years or supper annuation (whichever is earlier).

For Professionals

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant, Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).

For Self-Employed Individuals

  • Those applicants who file income tax returns can apply for the home loan in Axis Bank.
  • The applicant's minimum age should be 21 years at the time of securing the home loan.
  • The age of the applicants at the time of maturity of home loan should be 65 years or less.
Other Details

  • Processing Fee charges are up to 1% of the loan amount (minimum of Rs 10,000)
  • Upfront processing fee: Rs 2,500 + GST charges will be collected at the time of application login.
  • Penal interest rates: 24% per annum (2% per month)
Quick Pay Home Loans 9.05% - 9.35% 1% of loan amount minimum of Rs 3,00,000 maximum of 30 years
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.


For Professionals

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant,
  • Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).
Benefits

  • The applicant can choose either floating or fixed interest rates as per their preference.
  • Get attractive interest rates
  • Affordable home loans
  • Equated Monthly Installments (EMI) will be easy on the borrowers pockets
Eligibility

For Salaried Individuals

  • Applicants should be employed in government or reputed organizations to secure home loans in Axis Bank.
  • The age of the applicant should be minimum of 21 years.
  • The maximum age of the applicant at the time of loan maturity should be 60 years or supper annuation (whichever is earlier).

For Professionals

  • Professionals who are eligible to secure home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant,
  • Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).

For Self-employed Individuals

  • Those applicants who file income tax returns can apply for the home loan in Axis Bank.
  • The applicants minimum age should be 21 years at the time of securing the home loan.
  • The age of the applicants at the time of maturity of home loan should be 65 years or less.
Other Details

  • The minimum amount of loan amount is Rs 3,00,000
  • The interest rate differs for salaried individuals and for self-employed individuals.
  • The processing fee is up to 1% of loan amount or a maximum of Rs 10,000
  • The upfront processing fee is Rs 2500 + GST
  • The penal interest rate is 24% per annum (2% per month)
Power Advantage Home Loans 9.00% - 9.20% up to 1% of loan amount depends on combined income of applicants up to 30 years
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.

For Professionals

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant,
  • Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).
Benefits

  • The interest rates of the loan will be fixed for the first 2 years after that the borrower can switch to a floating rate of interest rates for the rest of the loan period.
  • Lower interest rates
  • Easier Documentation Procedure
  • Speedy approval of the loan
  • EMIs are lighter on the pockets of the borrowers
Eligibility

For Salaried Individuals

  • Applicants should be employed in government or reputed organizations to secure home loans in Axis Bank.
  • The age of the applicant should be minimum of 21 years.
  • The maximum age of the applicant at the time of loan maturity should be 60 years or supper annuation (whichever is earlier).

For Professionals

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant,
  • Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).

For Self-employed Individuals

  • Those applicants who file income tax returns can apply for the home loan in Axis Bank.
  • The applicant's minimum age should be 21 years at the time of securing the home loan.
  • The age of the applicants at the time of maturity of home loan should be 65 years or less.
Other Details

  • Processing Fee is up to 1% of the loan amount or minimum of Rs 10,000
  • Penal Interest Rates is at 24% per annum (2% per month)
  • The minimum loan amount is Rs 3,00,000
  • The maximum loan amount depends on the combined income of the applicants as well as the co-applicant
  • Both floating and fixed interest rate of interest is applicable for home loan interest rates
Shubh Aarambh Home Loan 8.90% - 12.00% up to 1% of loan amount up to Rs 150,00,000 up to 15 years
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.

For Professionals:

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant,
  • Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).
Benefits

  • On regular payment of EMI enjoy EMI waivers at the end of 4th, 8th and 12th year.
  • Lower interest rates
  • Easier Documentation Procedure
  • Speedy approval of the loan
Eligibility

For Salaried Individuals

  • Applicants should be employed in government or reputed organizations to secure home loans in Axis Bank.
  • The age of the applicant should be minimum of 21 years.
  • The maximum age of the applicant at the time of loan maturity should be 60 years or supper annuation (whichever is earlier).

For Professionals

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant, Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).

For Self-employed Individuals

  • Those applicants who file income tax returns can apply for the home loan in Axis Bank.
  • The applicant's minimum age should be 21 years at the time of securing the home loan.
  • The age of the applicants at the time of maturity of home loan should be 65 years or less.
Other Details

  • The minimum amount of loan amount is Rs 10,00,000
  • The maximum amount of loan amount is Rs 150,00,000
  • The floating interest rate is applicable to empower home loan
  • Maximum loan tenure for repayment stands at 15 years
Fast Forward Home Loan 8.90% - 12.00% up to 1% of loan amount or maximum of Rs 10,000 minimum of Rs 30,00,000 up to 30 years
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.

For Professionals:

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant,
  • Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).
Benefits

  • On regular payment of EMI enjoy EMI waivers at the end of 10 years and 15 years respectively.
  • Get added benefits without extra costs.
  • Applicants can get a loan either for the purchase of a house or for construction of house or extension and improvement purpose.
  • Lower interest rates
  • Easier Documentation Procedure
Eligibility

For Salaried Individuals

  • Applicants should be employed in government or reputed organizations to secure home loans in Axis Bank.
  • The age of the applicant should be minimum of 21 years.
  • The maximum age of the applicant at the time of loan maturity should be 60 years or supper annuation (whichever is earlier).

For Professionals

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant, Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).

For Self-employed Individuals

  • Those applicants who file income tax returns can apply for the home loan in Axis Bank.
  • The applicant's minimum age should be 21 years at the time of securing the home loan.
  • The age of the applicants at the time of maturity of home loan should be 65 years or less.
Other Details

  • The minimum loan amount is Rs 30,00,000
  • The maximum loan amount is Rs
  • No Prepayment charges will be charged
Empower Home Loan 9.55% up to 1% of loan amount based on applicants requirements up to 15 years
Details
Documents Required

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.

For Professionals:

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant, Management Consultants, Company Secretariat and so on.
  • The minimum age of the applicant should be 21 years at the time of securing a home loan.
  • The maximum age of the applicant at the time of loan maturity should be either 65 years or less (whichever is earlier).
Benefits

  • Get reductions on the interest rate on maintaining good repayment track record on completion of 24, 36 and 60 months starting from the date of the first disbursement of loan to get 1st, 2nd, 3rd rate reduction respectively.
  • Get affordable interest rates under this scheme, interest rates start at 9.25% per annum.
  • Avail doorstep service for the home loan from the comfort of your home or office.
  • No Prepayment charges will be levied.
Eligibility

  • The applicants should be Indian residents.
  • The minimum age of the applicant should be at least 21 years at the time of submitting the application.
  • The applicant should be employed or should have a regular source of income to secure the loan.
  • The applicant can be either a professional or a non-professional to secure the loan.
  • Minimum borrowing limit of home loan stands at Rs 10,00,000.
  • Maximum borrowing limit for a home loan is Rs 1,50,00,000
Other Details

  • The processing fee is up to 1% of loan amount minimum of Rs 10,000
  • The upfront processing fee is Rs 2500 + applicable GST charges
  • Prepayment charges for a fixed rate loan are 2% of principal outstanding.
Super Saver Home Loan 9.20% - 9.35% 0 minimum of Rs 50,00,000 up to 20 years
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.

For Professionals:

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant, Management Consultants, Company Secretariat and so on.
  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License
  • Duly filled in application form
  • Recent photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
Benefits

  • Get attractive interest rates on home loan
  • The interest will be calculated on the basis of net principal outstanding
  • Repayment tenure is spread over a period of up to 20 years
Eligibility

For Salaried Individuals:

  • Minimum age of the applicant should be 21 years
  • Maximum age of the applicant should be 60 years or superannuation (whichever is earlier)
  • Individuals should be permanent employees in either a government organization or reputed companies.

For Professionals:

  • Minimum age of the applicant should be 21 years
  • Maximum age of the applicant should be 65 years or less at the time of home loan maturity
  • Professionals like Architects, Doctors, Engineers, Cost Accountants, Management Consultants, Company Secretary, Dentists and so on can avail home loan.

Self Employed Individuals:

  • Minimum age of the applicant should be 21 years
  • Maximum age of the applicant at the time of maturity of home loan should not exceed 65 years
  • Individuals who file Income Tax Returns can also apply.
  • Applicants should have a self-owned business to secure the loan.
  • Applicants should have a regular source of income.
  • Applicants should be in business for a minimum of 2 years.
Other Details

  • The minimum loan amount is Rs 50,00,000
  • Floating interest rates are applicable
  • Maximum tenure of 22 years
  • No prepayment charges
  • Both fixed and floating interest rates are available under this home loan. 
Top Up Loan 9.50% up to 1% of loan amount maximum of Rs 50,00,000 same as outstanding home loan tenure
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License,
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.

For Professionals:

  • Professionals who are eligible to secure a home loan from Axis Bank includes Doctors, Architects, Dentists, Engineers, Chartered Accountant, Management Consultants, Company Secretariat and so on.
  • Proof of Identity: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License
  • Duly filled in application form
  • Recent photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
Benefits

  • Get high loan amount of up to Rs 50,00,000
  • Applicants can use the loan for multiple purposes either for construction in a residential plot or in commercial premises after securing permission.
  • One can repay the top up loan along with home loan
  • Get top up a loan at attractive interest rates
Eligibility

For Salaried Individuals:

  • Minimum age of the applicant should be 21 years
  • Maximum age of the applicant should be 60 years or superannuation (whichever is earlier)
  • Individuals should be permanent employees in either a government organization or reputed companies.

For Professionals:

  • Minimum age of the applicant should be 21 years
  • Maximum age of the applicant should be 65 years or less at the time of home loan maturity
  • Professionals like Architects, Doctors, Engineers, Cost Accountants, Management Consultants, Company Secretary, Dentists and so on can avail home loan.

Self Employed Individuals:

  • Minimum age of the applicant should be 21 years
  • Maximum age of the applicant at the time of maturity of home loan should not exceed 65 years
  • Individuals who file Income Tax Returns can also apply.
  • Applicants should have a self-owned business to secure the loan.
  • Applicants should have a regular source of income.
  • Applicants should be in business for a minimum of 2 years.
Other Details

  • Interest rates will be based on floating rates.
  • Loan processing charges are up to 1% of the loan amount (minimum of Rs 10000)
  • Late payment charges for delay in EMI is applicable.
  • The borrowers have to pay 2% of the outstanding loan amount for changing interest rates from fixed to floating.
  • The borrowers will be charged 1% on the outstanding principal (minimum of Rs 10,000) for changing the interest rates from floating to fixed.

Finish your dream of owning a house with Axis Bank Home Loan providing home loans beginning from Rs 300,000. The bank enables both salaried and non-salaried applicants to meet numerous home loans with a minimum interest rate of 8.85% per annum. Axis Home Loan would provide the applicant with a lump-sum deposit of funds to acquire the desired house, and this amount will be repayable with applicable interest rates.

Features and Benefits of Axis Bank Home Loan

  • Get attractive home loan interest rates which enable you to make your home loan affordable and easier.
  • Choose interest rate as per you want with fixed and floating home loan interest rates.
  • Get your loan amount in just 15 days.
  • Transfer your existing loan balance to Axis Bank without any inconvenience.
  • Avail or Repay the home loan at your doorstep.
  • No pre-payment charges are applicable for paying off your home loan before the due date.
  • Special benefits for Premium Banking applicants.
  • Get a long tenure to repay your amount with smaller EMIs
  • Get a minimum loan amount of Rs 3 lac
  • No pre-payment charges

Axis Bank Home Loan Eligibility

  • Must have a minimum age of 21 years to a maximum of 60 years (For salaried applicants)
  • Permanent government or companies employee
  • Professionals like Doctor, Engineer, CA, Architects are eligible to avail this loan
  • Must have a minimum age of 21 years to a maximum of 65 years (For professionals and self-employed applicants)

Axis Bank Home Loan Require Documents

Proof of Identity- Aadhar Card, Driving License, PAN Card, Voter id card, Passport, Govt Employee id

Proof of Residence- Utility Bills, Property tax receipt, Aadhar Card, Driving License, PAN Card, Voter id card, Passport

Signature Proof- Bank statement, Passport, PAN card

Income Proof

For Salaried Applicants

Salary statement of last 3 months

Last 6 months salary slip or 2 years bonus proof (in case of variable pay)

Bank statement of last 6 months

Form 16 or employment continuity proof of 2 years.

For NRI Salaried

Salary statement of last 3 months

Appointment/Contract Letter

Continuous discharge certificate for shipping cases.

Domestic NRE/NRO account statement of last 6 months

International salary account statement of last 6 months

Passport Copy

POA proof

Valid Visa copy/OCI Card

Overseas credit report

For self-employed applicants

Personal or Business account statement of last 6 months

Tax audit report (If gross turnover exceed Rs 1 Cr or Gross Receipt exceeds Rs 25 lac

Business continuity proof

If ITR is filed without digital sign -CPC and Tax Paid challan

Balance sheet with CA seal and sign.

ITR statement last 2 years.

For Balance Transfer or take over loan from another bank

Loan account statement of last 12 months

Latest outstanding letter

Existing loan details and 6 months bank statement from where EMI is deducted.

Lease Rental Discounting

Bank account statement of last 6 months where the rent is credited.

Registered valid lease agreements

Balance sheet with CA seal and sign.

ITR statement last 2 years.

For applicants who are a partner in a firm or Director in a company

Partnership Firm

Partnership deeds, List of Partners, NOC as per Axis Bank format.

Partnership firm 's audited ITR along with the complete financials.

Partnership authority letter on the letterhead of the firm signed by all partners in case Firm to stand as guarantor.

Director of a Company

Balance sheet with CA seal and sign.

ITR statement last 2 years

Tax audit report (If gross turnover exceed Rs 1 Cr or Gross Receipt exceeds Rs 25 lac

Board resolution as per Axis Bank format

Certificate of Incorporation, MOA and AOA

Latest shareholding pattern duly signed by Company Secretary

Other mandated documents

PAN Card is mandatory

Aadhar Card is mandatory

Processing fees and CERSAI Cheques

Self-attestation of borrowers in all documents submitted

Completely filled and duly signed application form along with latest passport size photo.

Documents to be submitted before loan disbursement

Loan agreement form as per the product type

Annexures to be duly filled, signed and stamped as per state law

MCLR consent letter

Schedule of the loan agreement

List of documents

Loan restriction letter

Disbursement request letter

Franked GPA document for NRIs

Guarantor agreement

Loan cover and Insurance Details

Application form of property insurance

Application form of general insurance

Application form of life insurance

Processing fees or Equitable mortgage cheques

Balance processing fee cheques

Equitable mortgage charges/stamping charges favouring “AXIS BANK LTD A/C SERVICE CHARGES

For Balance Transfer or take over loan from another bank

Loan account statement of the last 12 months

Latest outstanding letter

Existing loan details and 6 months bank statement from where EMI is deducted.

Indenture of guarantee, an undertaking of indemnity, forwarding letter and Annexures in Axis Bank Format.

Sanction Letter

Duly accepted and signed by all applicants/power of attorney

All sanction condition to be met

TDS

If TDS is paid by the applicant- TDS challan and bank statement reflecting debit of TDS paid

If TDS is not paid by the applicant- Undertaking cum indemnity to deduct TDS amount from disbursement.

PSL Documents

Audited balance sheets

CA certificate

Copy of invoice (investment in Plant and Machinery)

Additional Documents

Audited/Unaudited (Profit and Loss account)

GST registration certificate

Other Documents

Letter from the customer towards opting for EMI in case of partly disbursed case

Vernacular/indemnity bond

Dual name/dual sign affidavit

Credit Linked Subsidy Scheme (PMAY) affidavit

Amenities agreement duly signed by 3rd party/sellers

End-use letter for Top Up/LAP/LAP top-up cases

Axis Bank Home Loan Interest Rates

Marginal Cost based lending rate- 8.40%

For loans on base rate MRR/BLPR

Base rate- 9.40%

MRR- 14.25%

BLPR- 17.15%

Interest Rates on Loan against property

For Term Loans

Floating Rate- Repo Rate + 5.95% to Repo Rate + 6.45%, Effective Rate of Interest- 11.35% - 11.85% p.a

For Overdraft Loans

Floating Rate- Repo Rate + 6.95 % to Repo Rate + 7.05 %, Effective Rate of Interest- 12.35% - 12.45% p.a

Interest Rates on Home Loans
For Salaried Individuals

Floating Rate- Repo Rate + 3.45% to Repo Rate + 3.90% (Repo Rate + Mark-Up), 8.85% - 9.30% p.a (Effective Rate of Interest).

Fixed-Rate- All Loan Amounts (Repo Rate + Mark-Up), 12%(Effective Rate of Interest).

For Self Employed Individuals

Floating Rate- Repo Rate + 3.50 % to Repo Rate + 4.10 % (Repo Rate + Mark-Up), 8.90% - 9.50% p.a (Effective Rate of Interest).
Interest Rates on Asha Home Loans

For Salaried Individuals

Floating Rate Repo Rate + 4.65% to Repo Rate + 5.60% (Repo Rate + Mark-Up), 10.05% - 11% p.a (Effective Rate of Interest).

For Self Employed Individuals

Floating Rate Repo Rate + 4.90% to Repo Rate + 6.10 % (Repo Rate + Mark-Up), 10.30% - 11.50% p.a (Effective Rate of Interest).

Apply for Axis Bank Home loan

Online Process

  • Go to the Axis Bank official site
  • Under the drop-down box of explore products click on Loan
  • Now under loan section select Home Loan
  • Select loan as per your type and click on apply now.
  • Enter your name as per your Aadhar Card and valid email id
  • Enter your valid mobile number to get a call Axis Bank Representative
  • Enter your state and city
  • Read the Captcha code carefully and enter in the required box
  • Accept the terms and conditions and click on submit.

Offline Process

  • Go to the nearest Axis Bank
  • Meet the axis bank loan executive
  • Select your loan type and submit the application form and documents
  • After submission of application form receive the sanction intimation
  • After receiving the sanction information submit your property documents
  • Review your documents and application form from Axis Bank legal and technical team.
  • Now the confirmation of loan is approved
  • Get your loan disbursed under 15 days.

SMS

To apply for Axis Bank Homeloan

SMS Home to 5676782

Axis Bank Home Loan Calculator

Axis Bank Home Loan Calculator assist you in making a decision by measuring monthly interest rates, tenure of the loan and also display special benefits on home loan.

Let us know what is Home Loan EMI?

Equated Monthly Installments or the amount payable per month when an applicant take a certain amount for some period of time on a home loan.

EMI estimation relies on three main factors:

  • Home Loan interest rate- The rate charged by the bank for Home loan.
  • Home Loan amount- The rupee value of the loan
  • Tenure of Home loan- The time period for which the loan is taken.

Axis Bank Home Loan is used to calculate the EMI you have been charged for the home loan from Axis Bank. Use this versatile Axis Home Loan EMI Calculator to get to the EMI that you're satisfied with. The calculator lets you schedule your borrowings and loan payments according to your requirements

Benefits of Axis Bank Home Loan EMI Calculator

  • You can use this calculator as a tracker of loan interest. The disparity between the loan total amount of EMI to be paid less the principal amount of the loan gives you the overall interest you pay on loan over the loan period.
  • You can also receive an estimation of your monthly instalments and assess the proper amount of loan you can make.
  • An EMI figure lets you determine your eligibility for a loan.
  • In order to obtain a convenient service, you may also draw up different combinations of loan tenures and loan amount as per your monthly income.

Axis Bank Home Loan EMI Calculation Formula

P*r* (1+r)^n/([(1+r)^n]-1)

Above given formula is for, how Axis Bank Home Loan EMI is calculated:

In the above formula,

P = Loan amount.

r = Rate of interest per month

n = tenure in month

Why to use Axis Bank Home Loan EMI Calculator

  • Easy to access, anytime and anywhere
  • EMI calculation is done within some seconds time, which saves your valuable time.
  • No need to wait for the results, get instant EMI results just with a single click.
  • It helps you to discover your EMI
  • Helps you make some planning regarding your home loan.

How to use Axis Bank Home Loan EMI Calculator?

  • Go to the official site of Axis Bank
  • Now under the drop-down box of explore products, click on Home Loan.
  • Now you will see Home Loan EMI Calculator which is located under the top bar of the page.
  • For the loan amount that you want to take use the slider and set your home loan amount.
  • For the tenure option use the slider set the tenure period as per your needs
  • For the interest rate use the slider and set the interest rate as per your requirement
  • Automatically you will see the Detailed Calculations of EMI

Axis Bank Home Loan Status

Applicants who have applied for Home Loan in Axis Bank can track their loan status by Online, Offline, Mobile App and more. Below are the step by step tutorial of different modes, scroll down and track the status of your Axis Bank Home Loan.

Track your Home loan status by Axis Bank Account

  • Go to the official site of Axis Bank
  • Click on Login which is located on the right side of the homepage.
  • After your logged in, you can check for any active loan under loan section.
  • If you have applied for any type of loan then you can track the status of that loan in this section.

Track your Home loan status by your Axis Bank Application Id

  • Go to the official site of Axis Bank
  • Under the drop-down box of explore products, click on Home Loan
  • Under the drop-down box of related links, click on Check your Loan Status
  • On the next page enter your valid Application Id, DOB as per your Aadhar Card.
  • Below that enter the correct captcha code, as it displayed.
  • Now click on enquiry and the status of your home will be displayed on the same page.

Track your home loan status by Mobile Application

  • Go to the app store of your mobile and download Axis Mobile- Fund Transfer, UPI, Recharge & Payment app.
  • Open the app and it will display all the products offered by the Bank.
  • Click on loans and you can track the status of your loan with your reference number

Track your home loan status via Offline

  • Applicants can also check their home loan status by visiting the nearest Axis Bank.
  • After visiting the bank, ask any representative of Axis Bank to track your home loan status.
  • Provide your Application Id and check your home loan status instantly

Alternative Offline Procedure

  • The applicant can also track their home loan status by simply calling to the Axis Bank Customer Care service.
  • You can get in touch with Customer Care representative by calling on 1860 419 5555, 1860 500 5555, 1800 233 5577

Axis Bank Home Loan Customer Care

Get 24x7 customer support from Axis Bank with Phone Banking services

1860 419 5555, 1860 500 5555

Customers can access phone banking services from outside of India by +912267987700

Loan services are available from Monday to Saturday (9 A.M to 9 P.M)

FAQs

Q: Why would a loan application be rejected?

A: Important points that can play a crucial role in home loan rejection:

  • Previously rejected loan applications in banks
  • Low credit score
  • Failing to file an income tax returns
  • location of the property should be near lender terms and conditions.
  • Poor repayment capabilities.
  • Insufficient income

Q: Who can co-sign with me?

A: Only blood relatives can co-sign ion home loan .your family members like father, mother, siblings can co-sign a home loan instead of them your wife, children also can do co-signatures along with you.

Q: Is home loan good for the tax Benefit?

A: Yes, the tax benefit is the best part of the home loan. The interest amount paid towards home loan is tax exempted under section 24. Accrual basis is considered for Tax deduction Rs.2 lakhs is the maximum tax exemption available under this session.

Q: What are the charges in Axis bank home loan?

A: Some of the charges collecting while applying for the home loan :

  • Processing fee charges-up to 1% of the loan amount.
  • Penalties for the payment delay-2% per month and 24% per annum
  • Cheque bounce charges-Rs.500

Q: What is the maximum loan amount one can get from axis bank?

A: The maximum home loan depends on both incomes like property value, as well as personal income. The minimum amount offered by the axis bank is Rs.3 lakhs.

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