Elisa thomas

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Axis Bank Home Loan

Home Loan Features & Benefits

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Axis bank home loan help ys
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simple loan processing & pe

Features

  • You can this facility for purchasing of raw house & flat
  • Most affordable home loans for salaried & self employed
  • You can avail home construction loan for leasehold/freehold plot
  • Repay your loan over a longer tenure

 

Benefits

  • AXIS Home Loan offers lowest interest rates
  • Apply for home loan via online or offline
  • Flexible Tenure range available
  • Make easy EMI payment by online or offline

 

Axis Bank Various types of Home Loans

Axis Bank Home Loan:- 

You can enjoy attractive interest rates with adjustable tenure.This type of loan can be availed by resident of India and NRI for both salaried & self-employed.Get up to 5 Crore for longer tenure period.Axis bank home loan rates are more affordable.

Axis Fast Forward Home Loan: -

One of the most preference scheme by customers, if case you had done payment on regular basis without any default mark. Then your 12 months EMI would be waived off, not only that no extra charges will be imposed on your waived EMI’s, similar after the completion of 10 years of tenure your EMI will waived off for the next 6 months as same after the 15 years of completion. In this facility you can avail min to max loan amount of 30 lakh to 5 crores.

Axis Quick Pay Home Loan: -

This type of loan enables you to get ideal financing solution to repay your higher principal (loan amount) in earlier time period (tenure). Avail up to 5 Crore of loan amount for maximum 30 years tenure.

Axis Asha Home Loan:-

Its specially designed scheme for low & middle-class family, individual who wishes to buy their first new home at affordable rate of interest. Under Asha home loan scheme, you can avail 90% of home value as a loan amount. Min as 1 lakh & max as 35 lakhs can availed under this scheme.

Axis Shubh Aarambh Home Loan:-

This facility allows you to get rid of interest subsidy on qualifying Pradhan Mantri Awas Yojana scheme. If you qualify, then EMI will be waived for 12 months for applicant who had clean & clear repayment history. You can avail 30 lakh of loan amount through shubh arambh home loan.

Axis Top-Up Home Loan:-

Only existing customers can take advantage of top-up home loan facility, you can get additional loan amount on your already pledged property, or you can balance transfer your existing home loan to other bank to lower your current rate of interest. Maximum loan amount would be 50 lakh & tenure remain the same.

Axis Pradhan Mantri Awas Yojana:-

This mission has been launched on 25th June 2015 for aiding lower- & middle-income group to avail home loan with subsidy.

Lower Income Group- Interest subsidy with credit linked subsidy both will be provided for construction, Acquistion of home.

Middle Income Group- Interest subsidy will be provided for construction & Acquistion of home.

Axis Power Advantage Home Loans:-

This is a newly introduced scheme by Axis Bank which offers home loan for fixed interest rates for the first 2 years there that, floating interest will be charged. This means you can decide the time frame to repay the loan. The maximum tenure period will be 30 years.

Axis Super Saver Home Loan:-

It allows you to get sanction as overdraft to your linked current account, overdraft facility would be reduced on each & every month to an extend of principal amount so that it becomes zero at the completion of tenure period.Therefore, it led you to save total interest payable as it calculates on your withdraw basis.

List of Axis Bank Home Loan Scheme

Salaried Interest Rates

Self-Employed Interest Rates

Axis Bank Home LoanMin – 6.90% - Max- 8.40% p.aMin – 7.90% - Max- 8.55% p.a

Axis Fast Forward Home Loan

 

Min – 7.75% - Max- 8.25% p.aMin – 8.90% - Max- 9.15% p.a
Axis Quick Pay Home LoanMin – 7.95% - Max- 8.40% p.aMin – 9.15% - Max- 9.40% p.a
Axis Asha Home LoanMin – 10.00% - Max- 11.00% p.aMin – 10.30% - Max- 11.50% p.a
Axis Shubh Aarambh Home LoanMin – 7.75% - Max- 8.25% p.aMin – 8.10% - Max- 9.00% p.a
Axis Top-Up Home LoanMin – 7.50% - Max- 8.40% p.aMin – 8.90% - Max- 9.50% p.a
Axis Pradhan Mantri Awas YojanaMin – 8.00% - Max- 8.40% p.aMin – 8.10% - Max- 8.50% p.a
Axis Pradhan Mantri Awas YojanaMin – 8.00% - Max- 8.40% p.aMin – 8.10% - Max- 8.50% p.a
Axis Power Advantage Home LoanMin –8.00% - Max- 8.40% p.aMin – 9.00% - Max- 9.30% p.a
Axis Super Saver Home LoanMin – 8.10% - Max- 8.40% p.aMin – 9.15% - Max- 9.35% p.a

 

Axis bank home loan interest rate & Processing fees

Processing FeesUp to 1% or minimum Rs. 10,000/-
Interest Rate6.90% - 8.40% p.a.
Maximum Tenure30 years

 

Type of Other Charges by Axis Bank Home Loan

Penal Interest Rate:- 24% per annum & 2% per month

Switching interest– Floating interest to fixed interest rates are 1% on outstanding principal amount.

In case cheque return:- 500 will be charged for each cheque return.

Duplicate Statement Issuance:- 250 will be charged each duplicate statement.

Duplicate Amortization Schedule Issuance:- 250 will be charged each duplicate schedule statement.

Copies of Title Documents:- 500 will be charged for set of title docs.

Cheque swapping:- 500 will be charged for each cheque swapping.
 

Duplicate Interest Certificate Issuance: - 250 will be charged each duplicate interest certificate issuance.

Credit Report Issuance: - 50 will be charged for each credit issuance.

Prepayment including Part-Prepayment for Floating Rate of Interest: - Nil

Prepayment Charges for Fixed Rate of Interest: - 2% will be charged on your outstanding principal amount.

 

AXIS Bank Home Loan Eligibility

It offers a wide range of benefits, but you need to ensure that you meet Axis home loan eligibility criteria before applying for loan to avoid any kind of loan proposal rejection.

Age21 – 60 years
Employment TypeSalaried and Self-employed professional and non-professional
Minimum Salary for SalariedRs.25,000 per month
Minimum Salary for Non-SalariedRs.2 lakh per annum

Axis Bank Home Loan Eligibility Criteria for Salaried:-

  • Applicant must be resident of India
  • Applicant age should be in-between 21 to 60 years
  • Minimum 2 years of work experience

Axis Bank Home Loan Eligibility Criteria for Professional:-

  • Applicant age should be in-between 21 – 65 years
  • Doctor, CA, Architect, Lawyers, Consultant, Engineer & CS can apply for Home Loan on Professional category.

AXIS Bank Home Loan Eligibility Criteria for Self-Employed: - 

  • Any individual filling income tax returns are eligible
  • Maintain good financial records
  • Minimum 3 years of existing business

Axis Home Loan Documents Required 

 

KYC documents- Identity & Address proof 

Proof of Identity 

Both salaried & self-employed need to provide any one of the following as identity proof. 

  • PAN Card
  • Passport
  • Aadhaar Card
  • Driving License
  • Election/ Voter ID Card

Proof of residence:

Provide any of the following documents as an address proof:

  • PAN Card
  • Passport
  • Aadhaar Card
  • Driving License
  • Election/ Voter’s ID Card
  • Property/ Municipal Tax receipt
  • Letter issued by National Population Register (NPR) mentioning details of name & address.
  • Bank Account or Post Office Savings Bank Account statement
  • Individual/ family pension payment order issued to retired employees by any Government Departments/ PSUs, containing address.
  • Latest Utility bill (electricity, telephone, piped gas, water bill, post-paid mobile phone)

Income documents

  • Salaried Individuals:
  • Salary slips of last 3 months
  • Bank statements stating salary credits for last 6 months
  • Latest Salary Slip/ Salary Certificate of current date
  • Latest Form 16 and ITR
  • Self-employed individuals:
  • Both for individual as well as business entity: ITR along with the computation of income for the past 3 Assessment Years, duly attested by CA.
  • Balance Sheet and Profit & Loss Account Statements of the last 3 years, with Annexures / Schedules (of individual and business entity both), attested by a CA.
  • Current Account Statements of the last 6 months of business entity and Savings Account Statements of last the 6 months of the individual.

How to apply for AXIS Home Loan Online?

Step 1 - You can apply for Axis Bank home loan through visiting their website axis bank.com or visit the nearest Axis branch bank.

Step 2 - Before that check your eligibility criteria meet well or not from your end to avoid loan rejection. If yes you may download home loan application form by online or collect it from nearest branch bank.

Step 3- Fill the required details of your personal & occupational & attach KYC & mandatory documents. 

Note: - Check twice before submitting the loan application.

Step 4 – Once your loan application approved then, you will need to provide property documents upon which you are taking the loan for further legal review & evaluation of property.

Step 5 – After evaluation done on property, shortly your loan approval take place where your loan sanctioned then, loan amount will be credited to your respective account.

AXIS Home Loan FAQ

How to pay axis bank home loan online?

You can easily pay your axis bank home loan dues by online:-

  • Click on this
  • Now enter Loan Account no, Date of birth & enter your mobile number then click on validate.
  • Now enter the due amount to pay & choose bank account details, UPI for making payment online.

 

How to check my home loan status in axis bank?

Visit 

Get it tough section on top right corner of the site is available, just dropdown menu & click on support.

Now multiple features will be appeared, you need to click on track your application box.

Now you will be able to see check loan application form.

Finally, you need to enter your Application ID, DOB & Enter Captcha.

Your application status will appear just below the details.

How to get top up home loan in axis bank?

If you have existing home loan, then you can apply for top up loan on same property at attractive interest rates through axis bank for more benefits.

How to apply home loan in axis bank?

You can apply for home loan in axis bank as it’s seamless process, visit their website, & click on home loan product then apply now with required details.

How to do prepayment of axis bank home loan?

You can do prepayment of axis bank home loan just by visiting your nearest axis bank branch.

What to use axis bank home loan calculator?

Using an axis bank home loan calculator allows you to in-build financial management more Stonger than before, just by entering the loan amount, interest rates & tenure period it gives you a whole chart of EMI schedule.

What is the home loan interest rate in axis bank?

Axis bank home loan rate is most affordable one 6.90% Onwards with more benefits features are available.

Is axis bank good for home loan?

Undoubtedly, you can trust them as axis bank is one such top listed private bank in India with various branches over multiple cities. Axis Bank home loan offer both fixed interest & floating interest rates with flexible tenure.

How to register axis bank home loan account online?

Visit axis bank official website & click register option

Now fill up required details for registration & make sure account details are ready in hands to submit.

Once done, your customer ID becomes as Login ID.

How to check axis bank home loan status?

Checking axis bank home loan status through online is much more easier than visiting bank & requesting for status check. Just click this link  Enter your application ID & DOB to get checked your application status.

 

How to pay axis bank home loan part payment online?

No, in present there is no such facility to make part payment online, therefore you will be required to reach your nearest axis branch bank for that of transaction.

How to download axis bank home loan statement online?

You can download axis bank home loan statement via online just by placing a request in their web official portal either mail them from your registered email to loans@axisbank.com regarding share statement online.

AXIS Bank Home Loan Customer Care Toll Free Number

You can directly visit AXIS Site & fill basic details to continue online chat

You can directly contact, just give a miss call to 1860-419-5555

Call either 1860-500-5555 or 1860-419-5555.

For Axis Bank NRI Banking Number:-

USA-  +1 1855 205 5577

Saudi Arabia   - +966 800 850 0000

UK - +44 0808 178 5040

UAE- 971 8000 3570 3218

Singapore   -   800 1206 355

Qatar - +974 00 800 100 348

Canada - +1 1855 436 0726

Australia- +61   1800 153 861

(Non - Toll Free) +91 40 67174100

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