Axis Bank Home Loan

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Axis Bank Home Loan

Axis Bank Home Loan Key Features

Feature Value
Interest Rate 6.90% onwards
EMI / Lakh Rs. 662
Loan Tenure Up to 30 years
Loan Amount Percentage based on property value
Loan to Value Ratio Up to 90% of property value
Loan Available on the Following Types of Property
  • New flat
  • Ready to Move-in House
  •  Plot From MHADA, DDA, etc.
  • Home construction
  • Home extension
  • Home renovation
Special Offer for Women Interest rate concession of 0.05%
Processing Fee Up to 0.5% of loan amount excluding GST
Prepayment Charges No prepayment charges for floating rates
Part Payment Charges Nil
Guarantor Required Nil

Please Note: The above figures are only indicative and are subject to change without any prior notice.


Axis Bank Home Loan Interest Rates and offers 2021

Axis Bank Home Loan Schemes Interest Rate For Women Interest Rate for Others
Axis Bank Home Loan 6.90% – 7.95% 7.00% – 8.00%
Axis Bank Reach Loan 8.75% – 14.00% 8.75% – 14.00%
Plot Loan 7.05% – 8.05% 7.10% – 8.10%
Rural Housing Loan 6.90% – 8.70% 7.00% – 8.70%
Home Improvement Loan 6.90% – 7.95% 7.00% – 8.00%
Home Extension Loan 6.90% – 7.95% 7.00% – 8.00%
Home Loan Top Up As per home loan slabs As per home loan slabs
Home Loan Balance Transfer 6.90% onwards 6.90% onwards

Please Note: The above rates and values are floating in nature and are based on adjustable rates. These are subject to change at the time of loan disbursement.

Know more about Home Loan Interest Rates.

Axis Bank Home Loan Procedure

  • Keep all the documents related to the property ready with you.
  • Then with all the documents visit the lawyer who is part of an Axis panel and verify your documents.
  • After this, your property will be evaluated by one of the members of the Axis Bank Panel. A letter would be given to you after that.
  • It is mandatory for an Axis Home Loan that the Sales and construction agreement is franked or e-stamped.
  • The next is the submission of the application
  • Then is the waiting period which is ideally 3 working days.
  • You will then be asked to submit some more documents including the following – You will receive two E-stamps worth Rs.400, with you as the first group and Axis as the second, E-stamp worth Rs.200, with the same parties as before, E-stamp worth Rs.200, with the guarantor as the first party and Axis as the second. During the loan application process, all documentation must be submitted. Cheques made payable to the Axis Bank.
  • Then if everything is fine the next step is loan disbursement.
  • Verify the stamp duty and notify the bank prior to the registration process. If the registration process is complete, an Axis bank officer will come to your home to hand over the DD to the builder, or you might be asked to pick it up from your local branch.

Axis Bank Home Loan Eligibility Criteria 

Salaried Individual:

  1. The applicant should be of Indian nationality.
  2. the applicant should be in the age range of 18 years to 65 years.
  3. the applicant should have a regular source of income for the last year.

Self Employed Individual:

The applicants who have their own regular source of income from some business or activity are also eligible for the Axis Bank Home Loan. this can be applicable to :

  • Traders
  • Contractors
  • Commission agent

The following criteria must be met to apply for a home loan:

  1. The applicant should be of Indian nationality.
  2. the applicant should be in the age range of 18 years to 65 years.

Self Employed Professionals:

Applicants who are professionally involved in the activity of their own profession are also eligible for the Axis Bank Home Loan. This includes everybody who is a:

  • Doctors
  • Company Secretary
  • Architect
  • Engineer
  • Lawyers
  • Charted Accountant
  • Consultant

The following criteria must be met to apply for a home loan:

  1. The applicant should be of Indian nationality.
  2. the applicant should be in the age range of 18 years to 65 years.

Additional Criteria for Co-applicants:

  • the Co-applicant must be a family member of the primary applicant.
  • All the co-applicants are not required to be the co-owners of the property.

Know more about Home Loan eligibility criteria.

Compare Axis Bank Home Loan with Other Banks

Particulars Axis Bank Bank of Baroda HDFC
Interest Rate 6.70% – 7.05% 6.75% – 8.35% 6.75% – 8.20%
Processing Fees Min ₹ 10,000 Min ₹ 10,030 Min ₹ 3,000
Loan Tenure 30 Years 30 Years 30 Years
Maximum Loan Amount ₹ 7 Cr ₹ 7 Cr ₹ 5 Cr
Age 18 – 70 Years 21 – 65 Years 24 – 65 Years
Benchmark Rate RLLR RLLR PLR
Lowest EMI Per Lakh ₹ 645 per lakh ₹ 649 per lakh ₹ 649 per lakh

Axis Bank Home Loan Documents Required

Salaried Individual:

Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Driving License, Aadhaar, Voter ID, PAN, Voter ID, etc.

Income Proof:

  • Bank Statements showing salary credits from the last six months.
  • Latest Salary Slips from the last three months
  • Latest Form-16 and IT returns
  • Appointment Letter/Employment Contract if the current employment is less than a year old.

Property Related Documents:

  • A cheque for the processing fee which will be favouring ‘Axis Bank.’
  • Copy of the Buyer Allotment/Agreement Letter
  • Receipt/(s) of payment/(s) made to the developer

Self Employed Individual:

Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Driving License, Aadhaar, Voter ID, PAN, Voter ID, etc.

Income Proof:

  • Bank Statements showing salary credits from the last six months.
  • Business Profile and Previous three years Income Tax returns (Both self and business)
  • Previous three years of Profit/Loss Account and Balance Sheet.

Proof Of Business: 

  • Educational Qualifications Certificates
  • Business achievements (Certificate or awards if any)

Property Related Documents:

  • A cheque for processing fee favouring ‘Axis Bank.’
  • Copy of the Allotment Letter  or Buyer Agreement 
  • Receipt/(s) of payment/(s) made to the developer

Agriculturists:

KYC Proof – Voter ID/Passport/ PAN Card (Mandatory) and any of Driving License

Income Proof:

  • Bank Statements showing salary credits of the last 6 months minimum.
  • Copies of title documents of agricultural Land showing crops being cultivated in the last 6 months.

Property Related Documents:

  • A cheque for processing fee favouring ‘Axis Bank.’
  • Receipt/(s) of payment/(s) made to the developer
  • Copy of the Allotment Letter / Buyer Agreement

Additional requirements for Co-applicants:

Passport size photograph of all co-applicants to be affixed on the Application Form and signed across the photograph.

Know more about the Home Loan documents required.

Common Documents for Salaried and Self-Employed

Income Proof:

  • Bank Statements showing salary credits from the last 6 months.
  • Business Profile and Previous 3 years Income Tax returns (Both self and business)
  • Previous 3 years Profit/Loss Account and Balance Sheet.

Property Related Documents:

  • A cheque for processing fee favouring ‘Axis.’
  • Copy of the Buyer Agreement or Allotment Letter
  • Receipt/(s) of payment/(s) made to the developer

Axis Bank Pradhan Mantri Awas Yojana Subsidy 2021

The government of India has come up with several affordable and cheaper housing loans to fulfil the dreams of people who want to have a house of their own. Below are the schemes mentioned-

a) PMAY or Home Loan Subsidy Scheme: This scheme was introduced in 2015 to provide houses to the homeless. You can apply for PMAY at Axis if you fulfil the eligibility criteria

b) Pradhan Mantri Gramin Awas Yojana:  This scheme was introduced to focus on homeless families and offer pucca houses with basic necessities.

c) DDA Housing Scheme: This scheme was introduced to provide houses to low, middle, and high-income groups.

d) Tamil Nadu Housing Board Scheme: This scheme was introduced in 1961 to provide houses to varied income groups.

e) Mhada Lottery Scheme: This scheme is a lottery scheme that is introduced every year for buyers of different income groups.

f) Rajiv Awas Yojana: This scheme was introduced in 2009 with the aim of bringing illegal construction under the formal system and encouraging slum-free India.

Different Home Loan Schemes By Axis Bank

Axis Bank Home Loan – For Resident Indians

This loan is available up to the 90% valuation of the property amount for the salaried and self salaried customers and it can be helpful for those who want to do construction on the future.

Specific Information for Home Loan Scheme
Eligible Profiles Available to Salaried and Sef-employed Individuals
Loan Amount Up to 90% of the value of Property
Interest Rate 6.90% onwards
Processing Fee Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Loan Tenure 30 years

Axis Bank Reach Loans – For Indians With Income Of At least Rs. 10,000 Per Month

This type of loan is specifically for those individuals who are Indian residents customers with an income of Rs. two Lakhs per annum.

Specific Information for Reach Loan Scheme
Eligible Profiles Available to Salaried and Sef-employed Individuals
Loan Amount Up to 80% of the value of Property
Interest Rate 8.75% onwards
Processing Fee Up to 2% of the loan amount + GST
Loan Tenure 30 years

Axis Bank Plot Loans – For Buying a New Plot

This type of loan is specifically designed for those who want to purchase a new plot. this loan can be beneficial for the purpose of resale of property as well and this way to have the economic deal.

Specific Information for Plot Loan Scheme
Eligible Profiles Available to Salaried and Sef-employed Individuals
Loan Amount Up to 80% of the value of Property
Interest Rate 7.10% onwards (0.05% concession to women)
Processing Fee Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Loan Tenure 15 years

Axis Bank Rural Housing Loans – For Indians Living in Rural Areas

This type of loan is specifically for those individuals who are horticulturists, agriculturists, planters, dairy farmers, and others who are living in remote areas of India and are willing to buy an under-construction property or the new residential property or any existing residential property in rural and urban areas.

Specific Information for Rural Housing Loan Scheme
Eligible Profiles Available to Salaried, Self-employed Individuals and Agriculturists
Loan Amount Up to 90% of the value of Property
Interest Rate 7.00% onwards (0.05% concession to women)
Processing Fee Salaried/Self-employed – Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST

Agriculturists/ Self-Employed Non-Professionals – Up to 1.50% of the loan amount or Rs. 4,500 (whichever is higher) + GST

Loan Tenure 30 years

Axis Bank Home Improvement Loans – For Covering Home Renovation Costs

The customers who are the old customers of axis bank can get up to 100% loan amount for home improvement under this home loan scheme.

Specific Information for Home Improvement Loan Scheme
Eligible Profiles Available to Salaried and Self-employed Individuals
Loan Amount New Customer – Up to 90% of the estimates from improvements.

Existing Customer – Up to 100% of the estimates from improvements.

Interest Rate 6.90% onwards
Processing Fee Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Loan Tenure 15 years

Axis Bank Home Extension Loans – For Adding Space in Your Home

the customers who are willing for home expansion because of some addon needs in the family can opt for this axis bank home loan

Specific Information for Home Extension Loan Scheme
Eligible Profiles Available to Salaried and Self-employed Individuals
Loan Amount Up to 90% of the value of Property
Interest Rate 6.90% onwards
Processing Fee Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Loan Tenure 20 years

Axis Bank Top Up Loans – For Dena Bank Home Loan Borrowers

this scheme is beneficial for those customers who have some addon loan requirements after the existing loan allocation

Specific Information for Top-Up Loan Scheme
Eligible Profiles Available to Salaried and Self-employed Individuals
Loan Amount Up to 90% of the value of Property
Interest Rate New Customer – 8.30% onwards

Existing Customer – As per Home Loan Slabs

Processing Fee  Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Loan Tenure 15 years

Axis Bank Home Loan Balance Transfer – For All Home Loan Borrowers

Dena Bank Home Loan Balance Transfer is available to those customers who are willing to lower their repayments.

Specific Information for Home Loan Balance Transfer Scheme
Eligible Profiles Available to Salaried and Self-employed Individuals
Loan Amount Up to Rs. 50 Lakhs
Interest Rate 6.90% onwards
Processing Fee Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Loan Tenure 30 years

Axis Bank Home Loan for NRI/PIO – For NRIs and PIOs

This type of loan is available to those who are NRIs, PIO, and OCI. The loan helps the individual who is willing to:

  • Construct on a plot allotted by a Development Authority in India or a freehold/leasehold plot.
  • Properties can be purchased from Development Authorities such as DDA, MHADA, etc.
  • Purchase a flat, row house, bungalow in India from private developers in approved projects.
  • Properties can be purchased in an existing Co-operative Housing Society, Apartment Owners Association, Development Authorities settlements, or privately built-up homes.

Axis Bank Home Loans under Pradhan Mantri Awas Yojana

This type of loan is specially established for EWS/LIG, families under MIG-I, and the MIG -II categories. The validity of this scheme is up to 31 march 2022 (EWS/LIG), 31 march 2021 (Families under MIG-I and MIG -II categories).

Specific Information for Home Loan Pradhan Mantri Awas Yojana Scheme
Eligible Profiles Available to EWS/LIG, MIG-I, and MIG -II
Loan Amount No Cap
Interest Subsidy 3.00% onwards
Maximum Subsidy Up to Rs. 2.67 Lakhs
Loan Tenure 20 years

Advantages of Axis Bank Home Loan

Axis Bank Home Loan

Axis Bank Home Loan is a saviour to those who are in need of financial support relating to homes and plots. It offers the following:

  • A huge variety of home loan schemes.
  • It is a part of the Pradhan Mantri Awas Yojana.
  • Full transparency as Axis bank promises no hidden costs and fees.
  • Easy application with minimum documentation and paperwork.
  • Provides loan approval prior to the selection of the property.
  • Provide a 0.05% concession to women to encourage them for their own homeownership.
  • Provide several repayment methods to choose from and opt for the one best suited to you.

Apply for Home Loan

Axis Bank Home Loan Charges and Fees

Particulars Charges
Processing Fees Salaried Individuals: 0.50% of the loan amount or Rs. 3,000, whichever is higher
Self Employed Professionals: 0.50% of the loan amount or Rs. 3,000, whichever is higher
Self Employed Non-Professionals: Up to 1.50% of the loan amount or Rs. 4,500, whichever is higher
Prepayment charges No prepayment charges for floating rates
Check dishonor charges Up to Rs. 200
List of documents Up to Rs. 500
Photocopy Of documents Up to Rs. 500
PDC Swap Up to Rs. 200
Disbursement cheque cancellation charges post disbursement Up to Rs. 200
Increase/Decrease in the loan term Up to Rs. 500
Re-appraisal of loan post 6 months from sanction Up to Rs. 2,000

How to apply for Axis Bank Home Loan

  • Visit Dialabank for a Home Loan.
  • Fill out all the details required in the Home Loan application form.
  • Go to the Axis Bank Home Loan page.
  • Check out all the eligibility and documents criteria for a Home Loan.
  • Once done, our representative will soon contact you for a further stress-free process.

Axis Bank Home Loan Customer Care Numer

Contact Dialabank at 9878981166 to apply for Axis Bank Home Loan faster and easier. The Axis Bank Customer Care Number is 1-860-419-5555 (Charges applicable as per the service provider) 1-860-500-5555 (Charges applicable as per the service provider) Customers can access Phone Banking services from outside India by dialling +91-22-67987700.

Axis Bank Home Loan EMI Calculator

Know more about Home Loan EMI Calculator.

Other Loan Products from Axis Bank

Axis Bank Personal Loan Axis Bank Gold loan Axis Bank Car Loan
Axis Bank Education Loan Axis Bank Two Wheeler Loan

Axis Bank Home Loan FAQ

How to repay my Axis Bank home loan?

There are different payment methods through which you can repay your Axis Bank home loan, this can be done:

  • By issuing Standing Instructions to pay the loan instalments through Electronic Clearing System.
  • By issuing post-dated cheques from your salary account.
  • By opting for direct deduction of monthly instalments by your employer.

When can you apply for Axis Bank’s top-up loan?

after one year of the disbursement of the existing loan amount and the completion or possession of the financed property.

What is the maximum loan amount from the home loan can I get on my salary?

A customer can get the loan amount on his or her salary, depends on the repayment capacity. To determine the repayment capacity the following variables are considered the customer age, the number of dependants, credit history, education qualification, current liabilities, etc.

What is a Floating Interest Rate?

Floating interest rates are different from the fixed rates, the rates are not the same throughout the loan tenure. It may vary with the change in the lender’s benchmark rate.

How Dialabank can help you get a Home Loan?

Dialabank works as a bridge to find the best option between several Banks and NBFCs by providing you with a detailed and structured market comparison of different banks. This eliminates the unnecessary worries about the complex information and process you have to go through.

If you want to apply for Axis Bank Home Loan get in touch with Dialabank by phone by dialling on 9878981166 or by visiting Dialabank.

How much margin would I have to pay on Home Loan?

S. NO. Loan Amount Margin
1 Up to ₹ 20 Lacs 15%
2 Above ₹ 20 Lacs to up to ₹ 75 Lacs 20%
3 Above ₹ 75 Lacs 25%

Do I need a co-applicant to apply for a Home Loan? If yes, who can be a co-applicant for my Home Loan?

Yes, it is obligatory to have a co-applicant apply for a Home Loan. If you are the single owner of the property, then any other member from your family can be your co-applicant but if someone else is co-owner of your property then that person needs to be the co-applicant for your Home Loan.

Am I eligible for a top-up on my existing Home Loan?

Axis bank allows you to top up you’re existing Home Loan on more than 30% of the current amount at Home Loan rates only.

What is the current Axis Bank Home Loan rate?

The current Axis Bank Home Loan rate starts from 6.70% with a processing fee of and Maximum of ₹ 10,000.

Axis Bank Home Loan News

Axis Bank has launched a WhatsApp banking service.

Axis Bank has begun offering banking services through WhatsApp. Customers will be able to get real-time updates on their account balances, recent transactions, credit card payments, fixed and recurring deposit data, as well as get their questions answered.

Axis Bank’s net profit fell by 36% in the third quarter.

In the December quarter, Axis Bank posted a 36 per cent decrease in net profit. At the same time last year, profit fell to Rs 1,116 crore from Rs 1,757 crore. Provisions increased by 33% to Rs 4,604 crore in the year, compared to Rs 3,470 crore the year before.

In the second quarter, Axis Bank posted a net profit of Rs 1,623 crores.

In the second quarter of FY21, Axis Bank reported a net profit of 1,682.67 crores, compared to a loss of 112 crores the previous year. Net interest income rose by 20% year on year to $7,326 crore, with a 3.58 per cent net interest margin.

Axis Bank lowered its balance transfer rates on home loans to 6.70 per cent.

In order to entice home loan borrowers, Axis Bank lowered its balance transfer prices. The new rates begin at 6.70 per cent and go up from there. The new rates will take effect on May 1, 2021.