Axis Bank Home Loan Apply Online @8.0%

Axis bank is one of the best commercial banks in India in the private sector. The bank is the third largest private sector bank which has its headquarters in Mumbai, Maharashtra. The bank is known for providing attractive home loans to first time buyers and existing customers. Great customer support, fast problem-solving potential and easy loan disbursal with low interests make this bank one of the most preferred banks of India. The home loan scheme provided by Axis bank has many subtypes from which a customer can choose the best loan.

• Attractive rates of interests
• You get the option of choosing your interest type whether fixed or floating
• Transfer your home loan easily
• Extended home loan tenors
• Availability of top up loans
• Get doorstep services
• Transparent processing
• Easy loan disbursal
• eDge loyalty points
• Easy repayment options

1. Happy Ending Home Loans
2. Empower Home Loans
3. Asha Home Loans
4. Super Saver Home Loans
5. Axis Bank Property Search
6. Special Balance Transfer Scheme

With Axis Bank’s Happy Ending Home Loans you stand a chance to get your last 12 months’ EMIs waived off by paying the rest of the EMIs regularly. Thus, it is a home loan that gives a happy ending to your loan availing experience.

Features and Benefits

• Waived off EMIs
• Home loans tailored for your use. Use the loan for under-construction building, purchasing a property, home renovation or home improvement or extension, etc.
• Quick disbursal of loan.
• Easy terms and conditions.
• Transparent Processing
• Doorstep service
• Transfer loans from other banks and get lower rates
• Bonus services for free
• Loans for both salaried and self employed professionals
• Maximum Limit: INR 300,000

Borrowing Limit

To calculate the borrowing limit, one can combine the earnings of oneself and the spouse or children. The combined income will then decide the borrowing limit. The minimum limit is INR 300,000. Maximum limit depends on the earnings combined.

The Empower Home Loan gives an option to the loyal customers of the bank who have been paying their EMIs on time. The loan assures reduced rate of interest charges on customers who have paid their other EMIs on time. These loans are available for only self-employed professionals and non professionals.

Features and Benefits

• Lower rate of interest is assured
• Take adequate time and choose a home loan that suits your purpose
• Easy to disburse loan
• Affordable home loan
• Doorstep services
• Zero prepayment charges
• Transparent processing
• Ease of switching your loan to axis bank

Borrowing Limit

• Minimum Borrowing Limit - INR 1 Million
• Maximum Borrowing Limit - INR 15 Million
• Loan Margin: 35%

An Asha home loan is for every individual who wanted to own a house but could not due to barriers in the path. The loan’s easy conditions and availability is like an Asha or ray of hope for every home aspirant.

Features and Benefits

• Lucrative interest rates
• Loan value up to 90% of the house costing
• East transfer to Axis Bank
• Longer loan time
• Easy repayment
• Combine income of your spouse and children too
• A special loan tailored just for you
• Loan for smaller properties also available
• Choose the loan from larger approved projects PAN India
• Equitable mortgage used as security
• No pre payment charges
• The combined income must be minimum INR 8,000

Borrowing limit

• Loan Borrowing Limits are as under:
• Minimum Loan Limit - INR 100,000
• Maximum Loan Limit - INR 2.8 Million
• 10% margin on loans up to INR 2 Million
• 20% margin on loans higher than INR 20 Million and up to INR 2.8 Million

The super saver home loan brings you the best deals from the market and the axis bank itself. Why spend more on the loan? Save that money and use it for spending on the bank! This happens by linking your loan account to a super saver account. When you have extra funds, you can deposit money in the super saver account which can be used to pay your loan and thus the principal outstanding balance will be reduced. Also, when you need some money, you can get it withdrawn from the super saver account. So, the account works as a savings account as well as a loan account.

Features and Benefits

• Floating rate of interest
• Maximum loan tenor: 20 years if loan is fully disbursed
• 22 years if loan is partially disbursed
• For the super saver home loan, a person will get:
• ATM card
• Cheque book
• Internet Banking
• Phone banking
• Lucrative rates of interest
• Facility of transferring balance in and from the account
• Affordable home loan
• Doorstep services
• Zero prepayment charges
• Transparent processing
• Ease of switching your loan to Axis Bank

Borrowing Limit

A person can borrow a maximum amount of INR 10 million. 

You can finance your property by opting for Axis bank loan against property. Axis bank provides an option of financing the loan against a commercial property as well as a residential property. Applicant can apply for a new loan or get the previous loan refinanced.

Features and Benefits

• Get a discount on rental of lease agreement
• Lucrative rate of interests
• Loan available for commercial property at affordable rate of interest
• Switch your existing loan to Axis bank and get cheaper rates and better terms and conditions
• Get loyalty points under eDGE

Borrowing Limit

• Minimum loan amount: INR 200,000
• Maximum loan amount: INR 50 Million

This special scheme gives to its customers the ability of closing the loan at his own will. The purpose of this loan is to encourage customers to clear off their dues on time and be tension free.

Features and Benefits:

• Loan will be based on track record of existing loan
• Extra top up facility
• Processing fees will be zero on balance transfer
• Smaller EMI
• Long Tenors
• Exclusion:

• Plot loans
• Properties in cities Hyderabad, Bhubaneswar, Madurai and Greater Noida
• Takeover from chosen financial institutions is allowed

Borrowing Limit

75% of the market value of property.

Axis bank is one of the largest private sector banks of India. It is the third largest private commercial bank of India. The bank has headquarters in Mumbai, Maharashtra. Due to its strong hold and so many branches PAN India, the bank is widely trusted. With loans for everyone tailored as per individual needs, Axis bank has reached the epitome of success. If you want a good customer service with affordable rates of Interest, you should go for a home loan with Axis bank. Various features of the bank like Super Saver Home Loans and Special Balance Transfer Scheme, etc, the Bank has catered to the needs of people who pay their EMIs on time and deserve a better rate of interest in such case.
The bank also offers zero charges for prepayment in case of floating rates of interest. Quick disbursal of home loans and easy documentation are the add one which every customer needs.

With Finance Buddha, you can apply for your home loan easier than ever before. All you need to do is give input about your requirement and get the perfect results just for you. The web portal is 100% safe and secure and you can trust us with your valuable information. Believe, you information is only asked to help you out with your loans. On Finance Buddha, you can conveniently compare the home loans of different banks and choose the one that serves your need. If you want to apply for an Axis Bank home loan through our website, you can compare all the features listed in the list of types of loans which are Happy Ending Home Loans, Empower Home Loans, Asha Home Loans, Super Saver Home Loans, Axis Bank Property Search and Special Balance Transfer Scheme. Apply for the home loan directly and avoid any chance of getting your loan rejected. With us, your loan taking experience becomes pleasant.

• Minimum Age should be 24 years
• Maximum Age should be 60 years maximum at loan expiration for salaried professionals and 65 years maximum for self employed professionals or non professionals.
• For salaried employees: The person must be working in Government sector or a reputed private sector company.
• For self employed professionals: Individuals who are professionals like the doctors, lawyers, engineers, dentists, chartered accountants, company secretaries, etc can apply for the Axis Bank Home Loan.
• For businessmen or self employed non professionals: They should be filing Income Tax returns (ITR) 

Axis Bank Home Loan MCLR (updated 09 Jun,2023)

• Base rate: 9.25% per annum
• Prepayment charges for floating rate: NIL
• Prepayment charges if rate is fixed at base rate: 2% of outstanding principal
• Swap between cheque of instrument: INR 500 per change
• Return of instruction or instrument: INR 500 per change

1. For salaried individuals:

   Floating Rate:

   If loan is up to INR 2.80 Million: 9.15%

   If loan is higher than INR 2.80 Million upto INR 7.5 million: 9.20%

   If loan is higher than INR 7.5 million: 9.35%

   Top Up for existing borrowers: For loan amount Up to 30%: Exact rate as present rate of interest.

   For loan amount 30% to 100%: Rate for loan against property shall be levied

2. For self employed individuals:

   Floating Rate:

   If loan is up to INR 2.80 Million: 9.20%

   If loan is higher than INR 2.80 Million upto INR 7.5 million: 9.25%

   If loan is higher than INR 7.5 million: 9.35%

   Top Up for existing borrowers: For loan amount Up to 30%: Exact rate as present rate of interest

   For loan amount 30% to 100%: Rate for loan against property shall be levied

• Marginal Cost Based Lending Rate (MCLR) - 8.85% (This rate may change on half yearly basis)
• Base rate: 9.25%

Rate of Interest

The customer might be charged as per the base rate or the MCLR depending upon his choice. If a customer was paying interest by base rate, he will have to contact the bank to switch to the MCLR.

Rate of interest as per MCLR 

1. For salaried individuals:

   Floating Rate:

   If loan is up to INR 2.80 Million: 9.15%

   If loan is higher than INR 2.80 Million upto INR 7.5 million: 9.20%

   If loan is higher than INR 7.5 million: 9.35%

   Top Up for existing borrowers: For loan amount Up to 30%: Exact rate as present rate of interest.

   For loan amount 30% to 100%: Rate for loan against property shall be levied

2. For self employed individuals:

   Floating Rate:

   If loan is up to INR 2.80 Million: 9.20%

   If loan is higher than INR 2.80 Million upto INR 7.5 million: 9.25%

   If loan is higher than INR 7.5 million: 9.35%

   Top Up for existing borrowers: For loan amount Up to 30%: Exact rate as present rate of interest

   For loan amount 30% to 100%: Rate for loan against property shall be levied

• Marginal Cost Based Lending Rate (MCLR) - 8.85% (This rate may change on half yearly basis)
• Base rate: 9.25%

Fees & Charges

• Prepayment charges: Nil
• Processing fee is 1% and cannot be lower than INR 10,000
• Default interest rate is 2% per month that is 24% per year
• Fees while switching from higher floating rate to lower is 0.5% of the outstanding principal amount left and cannot be lower than INR 10,000
• CERSAI Charges: Up to INR 500,000: INR 50
• Above INR 500,000: INR 100
• Swap between cheque of instrument: INR 500 per change
• Return of instruction or instrument: INR 500 per change
• Photocopy charges for the title document set by the bank: INR 250
• Issuance charges for photocopy asked by the customer: INR 250
• Duplicate interest certificate charges: INR 250
• Charges for Duplicate Amortization schedule: INR 250 per set
• Charges for Duplicate Statement issuance: INR 250 per set
• Prepayment charges: NIL
• Charges for mortgage: As applicable
• Charges for issuance of Credit Bureau report issuance: INR 50

Rate of Interest

The customer might be charged as per the base rate or the MCLR depending upon his choice. If a customer was paying interest by base rate, he will have to contact the bank to switch to the MCLR.

Rate of interest as per MCLR 

• Floating Rate:
  For all amounts of loans: MCLR + 1.05% : 10% per annum
  Marginal Cost Based Lending Rate (MCLR) - 8.85%
  (This rate may change on half yearly basis)
• Base rate: 9.25%

Fees & Charges

• Processing fee is 1% and cannot be lower than INR 10,000
• Default interest rate is 2% per month that is 24% per year
• Charges for cheque return or repayment: INR 500
• CERSAI Charges for up to INR 500,000: INR 50
  Above INR 500,000: INR 100
• Swap between cheque or instrument: INR 500 per change
• Return of instruction or instrument: INR 500 per change
• Photocopy charges for the title document set by the bank: INR 250
• Issuance charges for photocopy asked by the customer: INR 250
• Duplicate interest certificate charges: INR 250
• Charges for Duplicate Amortization schedule: INR 250
• Charges for Duplicate Statement issuance: INR 250
• Prepayment charges: NIL
• Charges for mortgage: As applicable
• Charges for issuance of Credit Bureau report issuance: INR 50

Rate of Interest

The customer might be charged as per the base rate or the MCLR depending upon his choice. If a customer was paying interest by base rate, he will have to contact the bank to switch to the MCLR.

Rate of interest as per MCLR:

1. For salaried individuals (Vanilla Variant):

   Floating Rate: MCLR + 1.4%: 10.25%

2. For self employed individuals (Vanilla Variant):

   Floating Rate: MCLR + 1.65: 10.50%

3. For salaried individuals (All other Variant):

   Floating Rate: MCLR + 1.9%: 10.75%

4. For self employed individuals (All other Variant):

   Floating Rate: MCLR + 2.15: 11.00%

The base rate of the bank is 9.25%.

MCLR is set at 8.85% and can be changed on half yearly basis.

Fees & Charges

• Prepayment charges: Nil
• Processing fee is 1% and cannot be lower than INR 10,000
• Charges for repayment: INR 500
• Swap between cheque of instrument: INR 500 per change
• CERSAI Charges: Up to INR 500,000: INR 50
  Above INR 500,000: INR 100
• Duplicate interest certificate charges: INR 250
• Charges for Duplicate Amortization schedule: INR 250 per set
• Charges for Duplicate Statement issuance: INR 250 per set
• Photocopy charges for the title document set by the bank: INR 250
• Issuance charges for photocopy asked by the customer: INR 250
• Prepayment charges for floating rate: NIL
• Charges for mortgage: As applicable
• Charges for issuance of Credit Bureau report issuance: INR 50
• Prepayment charges if rate is fixed at base rate: 2% of outstanding principal
• Solvency certificate: NA
• No dues certificate: NA
• Cheque bounce charge: INR 500 per bounce
• Default interest rate is 2% per month that is 24% per year.
• Fees while switching from higher floating rate to lower is 0.5% of the outstanding principal.
• Switching fees between floating rate to fixed rate of interest: 1% and cannot be greater than INR 10,000.
• Fees while switching from higher fixed rate to lower fixed rate is 0.5% of the outstanding principal.

Rate of Interest

For loan amount INR 10 million and above:

• Interest Rate: MCLR + 0.75% = 9.60%
• Base Rate: 9.25%
• Marginal Cost Based Lending Rate (MCLR) - 8.85%
• The MCLR can change after every 6 months.

Fees & Charges

• Fees while switching from higher floating rate to lower is 0.5% of the outstanding principal 
• Switching fees from floating rate to fixed rate of interest: 1% and cannot be greater than INR 10,000
• Fees while switching from higher fixed rate to lower fixed rate is 0.5% of the outstanding principal
• Switching fees from fixed rate to floating rate of interest: 2%terest for salaried employees as well as for self employed professionals or non professionals: MCLR + 0.35% = 9.60%
• Prepayment charges: Nil
• Duplicate interest certificate charges: INR 250
• Charges for Duplicate Amortization schedule: INR 250 per set
• Charges for Duplicate Statement issuance: INR 250 per set
• Prepayment charges for floating rate of interest: NIL
• Charges for mortgage: As applicable
• Charges for issuance of Credit Bureau report issuance: INR 50
• Charges for repayment: INR 500
• Swap between cheque of instrument: INR 500 per change
• CERSAI Charges: Up to INR 500,000: INR 50
  Above INR 500,000: INR 100
• Default interest rate is 2% per month that is 24% per year
• Prepayment charges if rate is fixed at base rate: 2% of outstanding principal

The fees and charges are different for Loan against property, Loan Against Rent Receivables and Commercial OD against Property or Dropline Overdraft Against Property.

Fees and Charges for Loan against Property:

• Processing charges of loan: 1% + applicable service tax will be levied
• Foreclosure or pre-payment charges: If any borrower is not a person means if it is an organisation, then 2% fore-closure charges will be charged for paying a loan amount of 25% the value of the outstanding principal amount.
• If all the borrowers are persons, then zero pre-payment charges will be levied
• Prepayment is not allowed in the first quarter after the loan is availed
• Charge for No dues certificate is not applicable
• Charge for Solvency certificate is not applicable
• Late payment charges: 2% per month that is 24% per year
• Stamp Duty and other mandatory charges will be charged as applicable at the place and the time
• Charges for every cheque bounced: INR 500
• Charges for every cheque swapped: INR 500 and service tax will be additional
• Charges for Duplicate Statement issuance: INR 250 per set
• Photocopy charges for the title document set by the bank: INR 250
• Charges for the issuance of credit report: INR 50

Fees and Charges for Loan Against Commercial OD against Property or Dropline Overdraft Against Property

• Processing charges of loan: 1% + applicable service tax will be levied
• Foreclosure or pre-payment charges: 2% of the outstanding balance amount will be charged as per the limit set for that particular year
• Charge for No dues certificate is not applicable
• Charge for Solvency certificate is not applicable
• Late payment charges: 2% per month that is 24% per year
• Stamp Duty and other mandatory charges will be charged as applicable at the place and the time
• Charges for every cheque bounced: INR 500
• Charges for every cheque swapped: INR 500 and service tax will be additional
• Charges for Duplicate Statement issuance: INR 250 per set
• Photocopy charges for the title document set by the bank: INR 250
• Charges for the issuance of credit report: INR 50

Fees and Charges for Loan Against Rent Receivables:

• Processing charges of loan: 1% + applicable service tax will be levied
• Foreclosure or pre-payment charges: If any borrower is not a person means if it is an organisation, then 2% fore-closure charges will be charged for paying a loan amount of 25% the value of the outstanding principal amount.
• If all the borrowers are persons, then zero pre-payment charges will be levied.
• Prepayment is not allowed in the first quarter after the loan is availed
• Charge for No dues certificate is not applicable
• Charge for Solvency certificate is not applicable
• Late payment charges: 2% per month that is 24% per year
• Stamp Duty and other mandatory charges will be charged as applicable at the place and the time
• Charges for every cheque bounced: INR 500
• Charges for every cheque swapped: INR 500 and service tax will be additional
• Charges for Duplicate Statement issuance: INR 250 per set
• Photocopy charges for the title document set by the bank: INR 250
• Charges for the issuance of credit report: INR 50

Interest Rates:

Marginal Cost Based Lending Rate - 8.85%

MCLR Reset frequency for Loan against property - Half Yearly

Base Rate - 9.35%

For Salaried Professionals:

• Identity Proof those which are approved by the bank: Voter ID card, Employee ID card, PAN card, Photo credit card, Defence/Police/Government department ID card, Driving license, Job Card issued by NREGA, etc
• Income Proof: Documents for salary slips of last three months
• Income tax Form 16, Recent salary certificate, Updated bank passbook for last 6 months where salary or earning is credited
• Address Proof which should not be more than three months old like Copy of Ration Card / Passport / Electricity or Phone Bill / Rent Agreement / Credit card statements / Latest LIC policy/insurance premium receipt / Property Papers / Bank account statement/ House or lease agreement / any letter from employer verifying address
• Guarantor certificate can also be given

For Self Employed Professionals

• Identity Proof those which are approved by the bank: Voter ID card, Employee ID card, PAN card, Photo credit card, Defence/Police/Government department ID card, Driving license, Job Card issued by NREGA, etc
• Income tax returns for the last 2 years 
• Validation of income by a CA for the last 2 years
• Guarantor certificate can also be given
• Updated bank passbook for last 6 months where earning is credited

For Employed Individuals:

• Loan application form
• Identity proof bearing signatures like Copy of Passport / Driving License/ Voter ID card / ID card issued by employer/ Aadhar Card, etc
• Address Proof which should not be more than three months old like Copy of Ration Card / Passport / Electricity or Phone Bill / Rent Agreement / Credit card statements / Property Papers
• Proof for Date of Birth (DOB)
• Bank Statement of salary account or income account for last 6 months
• Documents for salary slip from the last three months
• Cheque for Processing Fees
• Self-attested photograph
• Proof of shop or firm establishment (for businessmen)
• Office address Proof (for businessmen)
• Income Tax Returns (ITR) for the latest two years

For Employed Individuals:

• Loan application form
• PAN Card
• Identity proof bearing signatures: like Copy of Passport / Driving License/ Voter ID card / ID card issued by employer
• Address Proof which should not be more than three months old like Copy of Ration Card / Passport / Electricity or Phone Bill / Rent Agreement / Credit card statements / Property Papers
• Proof for Date of Birth (DOB)
• Bank Statement of income account for last 6 months
• Proof that the account is operational from one year
• Cheque for Processing Fees
• Self-attested photograph
• Income Tax Returns (ITR) for the latest five years

For Self Employed Individuals:

A good record of banking with the bank or a good history of loan payment if you already have a loan.
For salaried professionals:

• Identity proof bearing signatures like Copy of Passport / Driving License/ Voter ID card / ID card issued by employer/ Aadhar Card, etc
• Documents for salary slip from the last three months
• Income Tax Returns (ITR)
• Proof of regular income
• Statement of bank for the last 6 months showing regular salary

• Completely filled Application form
• Identity proof bearing signatures: like Copy of Passport / Driving License/ Voter ID card / ID card issued by employer
• Address Proof which should not be more than three months old like Copy of Ration Card / Passport / Electricity or Phone Bill / Rent Agreement / Credit card statements / Property Papers
• Bank Statement of salary account or income account for last 6 months
• Documents for salary slip from the last three months (for salaried individuals)
• Income tax Form 16 (for salaried individuals)
• Income tax returns for the last 2 years (for self employed individuals)
• Validation of income by a CA (for self employed individuals)

• Identity Proof: Voter ID card, Employee ID card, PAN card, Photo credit card, Defence/Police/Government department ID card, Driving license, etc
• Income Proof: Documents for salary slip from the last three months (for salaried individuals)
• Income tax Form 16 (for salaried individuals), Recent salary certificate, Updated bank passbook for last 6 months where salary or earning is credited
• Address Proof which should not be more than three months old like Copy of Ration Card / Passport / Electricity or Phone Bill / Rent Agreement / Credit card statements / Latest LIC policy/insurance premium receipt / Property Papers / Bank account statement/ House or lease agreement / any letter from employer verifying address
• Copy of lease agreement for discounting cases

• Complete Application Form
• Know your customer (KYC) documents
• Bank statement of last 6 months
• Income documents
• Repayment Track history of existing Loan for eighteen months 
• Previous loan details
• Salary slips
• Salary account statement depicting regular salary inflow (for salaried professionals)
• Income Tax Returns of previous year (for self employed professionals or non-professionals)