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Axis Bank Home Loan


Axis Bank is promoted by one of the India's largest financial institute UTI. Axis bank is one of the leading private sector banks which have been aggressively marketing its home loan products to the consumers. Axis Bank provides finance to home loan seekers at a competitive rate of interest with option to choose between floating and fixed rate.

For what purpose can one avail Axis Bank home loan?

Axis Bank offers home loan for:
  • Buying residential property - new / resale
  • Construction / extension of house
  • Buying a plot of land for construction of a house
  • Repairs and renovation of existing property
  • Taking over of existing home loan


Who can Borrow?

Any salaried individual in the age group of 24 to 60 years and any self-employed individual or professionals like chartered accountant, engineers, architects, doctors in the age group of 24 to 65 years. The maximum tenure is thus linked with the age of retirement of a person and thus the loan should be fully repaid by that time.

How much can you borrow?

Axis Bank finances up to 90% for loan amount below Rs. 20 lacs and finances upto 80% of the agreement value in case the loan amount is more than Rs.20 lacs. However the overall eligibility will be based on your combined income, your regular outgoings and repayment track record. For home improvement and renovation, the maximum funding done by the axis bank is restricted to 75% of the cost. Axis bank does not provide home loan in case the loan amount sought is lesser than Rs. 3 lacs.

What are Interest Rate and charges?

Axis Bank provides loan seeker an option to choose between the fixed and floating type of interest rate. Axis Bank is one of those few banks that offer truly fixed rate of interest i.e. the interest rate remains fixed for entire duration of loan without any reset clause. Axis Bank charges upto 1% of loan amount as processing fees and does not levy any prepayment penalty for partial or foreclosure of floating rate home loan, but levies upto 2% penalty for prepayment on fixed rate home loans.

What are repayment options?

The Axis Bank home loan can be repaid back within a maximum period of 240 months by way of equated monthly installments (EMI). For an under-construction property Axis Bank offers an option of paying Pre-Emi or EMI for the partially disbursed loan till full disbursement of loan is made. Pre-EMI is simple interest on the amount of loan disbursed and the actual EMI starts after the complete disbursement of loan.

Who can be a co-borrower to the home loan?

For availing home loan from Axis bank the application has to be made by minimum of two persons joining as Co-applicant or the co-borrower. The borrower can add spouse, parents or children as co-applicant to the loan.

If you are looking for a suitable lender for purchase of your home, Axis Bank Home Loan can be a competitive option.
Apply online for Home Loan in India


Features:  The bank offers home loans known as 'Power Home' for buying resale as well as new houses. Both, fixed and floating interest rates are offered. The loan is offered to Indian nationals as well as NRIs. It also offers balance transfer.

Co-applicants allowed:  Father,Mother,Brother,Sister,Son,Daughter,Spouse

Processing Fees:  0.5% of loan amount

Prepayment Charges:  2% of the outstanding loan amount

Min-Max Age:  24-65

Max Tenure:  15

Plan Interest Rate Min Interest Rate Max EMI Processing Fee
Home loan residential

Axis Bank - Fixed - Nischint 11.75 11.75 23683 0.5% of loan amount

Axis Bank - Floating 10.25 10.25 21799 0.5% of loan amount

Axis Bank-Fixed - Nischint 11.75 11.75 23683 0.5% of loan amount

Axis Bank-Floating 10.25 10.25 21799 0.5% of loan amount

Home loan Plot of Land

Axis Bank - Floating 12.25 12.25 24326 0.5% of loan amount

Axis Bank - Fixed 11.75 11.75 23683 0.5% of loan amount

AXIS Bank (UTI) Other Plans

Axis Bank - Floating 10.25 10.25 21799 Rs. 10,000/-

Axis Bank - Fixed - Nischint 11.75 11.75 23683 0.5% of loan amount

Bank Address of AXIS Bank (UTI) Home Loan in India
Bhilwara
Area
Bhilwara
Address
Ganpati Enclave, Heera Panna, Campus, Opp Nahar Brothers, Petrol Pump, Pur Road, Bhilwara, Rajasthan
Pincode
311001
City
Bhilwara
State
Rajasthan
Ambala - Panchkula
Area
Panchkula
Address
Sco 11, Sector 10, Opp. Bus Stand, Panchkula, Haryana
Pincode
134109
City
Ambala
State
Haryana
Kolhapur
Area
Kolhapur
Address
Gr Flr, Hotel Panchshil Building, 517, Shivaji Park, Station Road, Kolhapur
Pincode
416001
City
Kolhapur
State
Maharashtra
Hyderabad - Kukatpally
Area
Kukatpally
Address
H.No.Mig 9, Dharmareddy Colony, Opp.Police Station, Kphb Colony, Kukatpally, Hyderabad
Pincode
500072
City
Hyderabad
State
Andhra Pradesh
Mumbai - Subhash Road
Area
Subhash Road
Address
Matharu Arcade, Ground Floor, Plot No.32, Subhash Road, Vile Parle E, Mumbai
Pincode
400057
City
Mumbai
State
Maharashtra
Meerut - Boundary Road
Area
Boundary Road
Address
Hotel Crystal Plaza, G 2/47, Civil Lines, Boundary Road, Meerut, Uttar Pradesh
Pincode
250001
City
Meerut
State
Uttar Pradesh
Thane - Manpada
Area
Manpada
Address
Survey No.166/1, A Pt., Chitalsar, Manpada, Thane West, Mumbai, Maharashtra
Pincode
400607
City
Thane
State
Maharashtra
Ludhiana - Miller Ganj
Area
Miller Ganj
Address
B 15 179/1, Nirankari Kucha 4.Bt Vishwakarama Chowk, & Dhole, G.T.Road Miller Ganj, Ludhiana, Punjab
Pincode
141003
City
Ludhiana
State
Punjab
Kolkata - Shyambazar
Area
Shyambazar
Address
126 A, Bidhan Sarani, 5 Point Crossing, Shyambazar, Kolkata
Pincode
700004
City
Kolkata
State
West Bengal
Chandigarh - Manimajra
Area
Manimajra
Address
Sco No. 916, Pocket No.6, Chandigarh Shimla Road
Pincode
-
City
Chandigarh
State
Chandigarh
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