Apply for Axis Bank Home Loan

Why apply through CreditMantri

CreditMantri matches your credit and demographic profile to Axis Bank Home Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.

In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Axis Bank Home Loan. Hence the chances of your Axis Bank Home Loan application getting approved is higher.

9.60%

best rate

0%

processing fee

30 yrs

max tenure

  • Catering to all customer segments i.e. From HIG to LIG, Salaried to Self-Employed, NRIs
  • Home Loans up to Rs.5 crores and an online loan approval in 5 minutes
  • Tailor made products for different customer segments
  • Attractive Rate of Interest & transparency in fee & charges
  • Door Step Service
  • Interest rate - 9.9%
  • Processing fee - 0.5% of loan amount or 10000/- (self employed), starting from 10000/- for salaried
  • Application form with photograph
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Utility bill, Ration card, Employers letter, Bank statement , office address proof (self employed)
  • Salaried - Salary slip and bank statement for 3 months, Self employed - Office address proof, Last 2 years IT return attested by CA, bank statement for 6 months
  • Property related documents, Processing fee cheque

About Axis Bank

Axis Bank Limited is one of the largest private sector banks in India. The bank was promoted in the year 1993, and began its operations from 1994. It offers a wide array of financial products and services to customers from all walks of life. It covers large and mid-sized corporates, agriculture and retail businesses among other sectors.

Axis Bank Home Loan

Owing a home is the dream of everyone. But everyone needs a bit of help when it comes to buying that dream home. Axis Bank Home Loans offers a wide range of home loan products that are designed to suit the needs and budgets of all its customers.

Axis Bank Home Loan Features

Choose between fixed and floating rates

The choice is yours. You can decide whether you want a fixed interest rate or a floating interest rate.

Balance transfer facility

If you are not satisfied with your existing Home Loan provider, you have the option to transfer your Home Loan to Axis Bank.

Convenient Doorstep service

You do not have to visit the bank for home loans, the bank will come to you! Once you decide to apply for a home loan, a representative will come to your home to proceed with all the formalities. You can avail a home loan from the convenience of your home. Perfect for those who are busy!

Zero Prepayment Charges

Now, you can choose to prepay your loan and close it when you have the means to do so. Prepaying a Home loan from Axis Bank requires no prepayment charges. Applicable only on Floating Interest Rate Home Loans.

Longer tenure for smaller EMIs

Flexible tenures are available for those who wish to pay smaller EMIs every month. You can avail a home loan with up to 30 years tenure.

Axis Bank Home Loan Eligibility

Your eligibility for an Axis Bank home loan is determined by a number of factors such as income, employment status, number of dependents among others. Following is the eligibility criteria:

For the salaried:

  • Minimum 24 years of age at the time of commencement of loan.
  • Up to 60 years of age or retirement, whichever is earlier, at the time of loan maturity.
  • Individuals working reputed companies or in permanent service in the Government.
  • Applicants should be above 24 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity.

For the Self Employed:

  • Minimum 24 years of age at the time of commencement of loan.
  • Up to 65 years of age or retirement, whichever is earlier, at the time of loan maturity.
  • Any individual filing income tax returns can apply

For Professionals:

Professionals as defined by Axis Bank include doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only.

  • Minimum 24 years of age at the time of commencement of loan.
  • Up to 65 years of age or less, whichever is earlier, at the time of loan maturity.

Axis Bank Home Loan – Documents Required

For the Salaried

  • Proof of Identity and Address - Passport or Voter's ID card / Driving License / Job Card issued by NREGA / Aadhaar Card / PAN card (PAN Card only as identity proof) / any other document as acceptable to the Bank
  • Proof of income - Last 3 months salary slip showing all deductions and Form 16
  • Last 6 months bank statement or pass book where salary or income is credited
  • Guarantor Form (Optional)

For the Self-employed

  • Proof of Identity and Address - Passport or Voter's ID card / Driving License / Job Card issued by NREGA / Aadhaar Card / PAN card (PAN Card only as identity proof) / any other document as acceptable to the Bank
  • IT returns for the last 2 years and computation of income for the last 2 years certified by a CA
  • Proof of income - Last 6 months Bank statement or pass book where salary or income is credited
  • Guarantor Form (Optional)

Axis Bank Home Loan Interest Rate

Axis Bank offers attractive interest rates that ease your monthly outgo and keep your EMI in check. It is one of the most important factors that determine the feasibility of the loan. Axis Bank home loan interest rate starts at 9.45% p.a onward (terms and conditions apply).

However, also note that interest rates vary and it is advisable to check with a bank representative for the interest rates applicable to you.

Axis Bank Home Loan FAQs

Who can apply for Home Loan from Axis Bank?

All resident Indians can apply. The following criteria are taken into account while an applicant is applying for a Home Loan in Axis Bank:

  • Salaried or self-employed (Income is taken into account)
  • Age of the primary applicant.
  • Number of dependents that the applicants have to support.
  • Assets and liabilities of the applicants.
  • Stability and continuity of the primary applicant's occupation.

Does Axis Bank offer different kind of Interest Rate?

Absolutely. Axis Bank offers both Fixed and Floating Interest rates.

What are fixed and floating interest rates?

In Fixed Home Loan rates, the rate of interest applicable for the Home Loan is fixed throughout the home loan tenure. In Floating Home Loan rates, the rate of interest applicable for the Home Loan changes with change in the bank's Base Rate.

Do I need a co applicant in order to apply for a Home Loan from Axis bank?

Yes, it is mandatory to have a co-applicant. If the property you are purchasing has a co-owner, then it is necessary that he/she also be the co-applicant for the Home Loan.

On the other hand, if you are the sole owner of the property, any immediate family member can be your co-applicant.

How do I pay back my home loan?

You can pay back your home loan in EMIs (Equated Monthly Instalments) with easy payment methods.

When is my EMI due?

The EMI will be due on a fixed date each month. This date will be fixed and notified when your loan amount is disbursed. Any delay in payment will attract late payment charges.

Are there any additional charges for availing a home loan from Axis Bank?

Yes. There is non-refundable processing fee (up to 1 % of the loan amount plus services taxes) for every Axis Bank Home Loan application, which is deducted from the amount disbursed to you.

Axis Bank Home Loan Review

Axis Bank Home Loan offers a wide range of home loans to cover your property –related needs including home purchase, construction, repair, improvement and extention. Axis Bank offers affordable and flexible housing loans that can turn your dream of owning a home into reality!

How to Get Home Loan from Axis Bank – Apply for Axis Bank Home Loan

You can apply for a Home Loan in any of the following ways:

  • By filling the online application form.
  • In person at any Axis Bank Loan Centre.
  • By calling the Axis Bank Call Centre and submitting your request.

Once Axis receives a completed application form along with the necessary supporting documents, it is determined whether you are eligible for the home loan or not. If you are found eligible, you will get approval for a specific loan amount based on your requirement, repayment capability and the value of the property. The decision is conveyed within 30 working days post the date of receipt of the application provided the application is complete in all aspects.

Axis Bank Home Loan status check can be done online using your application number.

You are approved for a home loan only after the complete verification process which includes verification of your title documents and technical evaluation of the property by lawyers and property evaluators empanelled by Axis Bank. If, on the other hand, you are not found eligible, the same will be conveyed to you.

Alternatively, if you think you need help with your Home Loan application process and advice on loan-eligibility, CreditMantri can guide you and match you with the loan offer that best suits your profile.

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