About Axis Bank Home Loan

A private banking establishment, Axis Bank is considered the third largest among all the private-sector banks of India. It offers a wide range of financial products and services including retail loans, wealth management, mortgage loans, insurance products etc. throughout India. The bank had 3703 branches, 13814 ATMs and employed more than 50,000 people as of March 2018. Earlier known as UTI Bank, Axis Bank is headquartered in Mumbai, the financial capital of India.

Axis Bank offers multiple types of home loans depending on people’s needs and eligibility. It promises affordable interest rates in order to help people realise their dream of owning a home one day. The home loan products offered by Axis Bank are: Fast Forward Home Loan, Shubh Aarambh Home Loan, Asha Home Loan, Axis Bank Home Loan, Empower Home Loan and Super Saver Home Loan. Specific details related to the Axis Bank Home Loan eligibility criteria, features and charges can be gone through below.

Home Loan Eligibility Criteria for Salaried / Self-Employed

With regard to the Axis Bank Home Loan eligibility criteria, it might vary from product to product. However, in general, both salaried individuals and self-employed professionals/nonprofessionals are eligible to apply. The age of the applicants must be between 21 years to 60 years and they should be earning a certain specific income each month. The exact and updated details related to the Axis Bank Home Loan eligibility criteria can be found below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

Axis Bank Home Loan Features / Details

The features and benefits of Axis Bank Home loan may vary depending upon the exact home loan variant. In general, the bank promises attractive interest rates, smooth application process and a quick and transparent process. You can even transfer your existing home loan from any other lending establishment, to Axis Bank, at a good interest rate. Up to date and more details on Axis Bank Home Loan features like the quantum of the loan, repayment tenure, the applicable interest rate etc. are provided below.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Axis Bank Home Loan Fees / Charges

Axis Bank charges a processing fee of up to 1% of the sanctioned home loan amount, subject to a minimum of INR 10,000. They collect INR 2500 as upfront processing charges (plus GST) at the time of applying. It’s a non-refundable fee that will not get refunded under any circumstances. Other than that, various fees or charges might come into application such as penal interest rate, switching fees, duplicate amortization schedule issuance charges, credit report issuance charges, duplicate interest certificate issuance charges and more. Precise and updated details regarding these Axis Bank Home Loan charges can be found below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees