Axis Bank Home Loan

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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 Rate

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.

Axis Bank Home Loan Eligibility Criteria 

Salaried Individual:

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

Please find more information on Eligibility by visiting DialaBank.

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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 favoring ‘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 favoring ‘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 favoring ‘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.

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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 wants 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 is a savior to those who are in need of financial support relating to home 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.axis bank home loan
  • 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 the one best suited to you.

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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 Dena 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 EMI Calculator

Loan EMI Calculator

Axis Bank Home Loan Pre Calculated EMIs

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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 installments through Electronic Clearing System.
  • By issuing post-dated cheques from your salary account.
  • By opting for direct deduction of monthly installments 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 about 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 through phone by dialing on +919878981166 or by visiting at DialaBank.

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