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Axis Bank Home Loan Axis Bank Home Loan

Axis Bank home loan available at interest rates of 9.35%. Borrowers will check Documents, Eligibility, EMI per lakh, Repayment options, loan amount, prepayment charges online at deal4loans.com. Axis Bank offers affordable & flexible Housing/Home Loans online which are available with Nil prepayment charges, Low Interest rates, Quick processing & Flexible repayment which makes your owning experience of dream home sweet & stress-free.

Key Highlights of Axis Bank Home Loan

Interest Rates 9.40% - 11.00%
Processing Fees 1500 Flat with MLI
Pre payment Charges Nil
Loan Amount upto 90% of market value
Lowest EMI Rs.830 per 1 lakh
Min. Income Rs.12000/- p.m
Loan Repayment 1 to 30 years

GET INSTANT HOME LOAN QUOTES ONLINE From Axis Bank
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Features & Benefits of Axis Bank Home Loan:
✓ Flexible Interest Rates – You have option to choose Floating or fixed rate
✓ Special Balance Transfer Schemes Available
✓ Doorstep Service which makes your loan process Easy and convenient
✓ Nil Pre Payment charges means you can pre pay loan at any time without Penalty. (valid only in floating rate option)
✓ Longer Repayment Period of 30 Years.
✓ eDGE Loyalty Points on Home Loans.

Special Schemes of Axis Bank Are:

Axis Bank Home Loan Interest Rates: Updated on 23 July 2016

For Salaried:
Loan amount MCLR + Mark Up Effective Rate Of Interest
Loan amount upto Rs 28 lakh MCLR + 0.15% 9.45% p.a.
Loan amount above Rs 28 lakh MCLR + 0.20% 9.50% p.a.
Top Up Home Loan MCLR + 2.30% 9.40% p.a.
For Self Employed:
Loan amount MCLR + Mark Up Effective Rate Of Interest
Loan amount upto Rs 28 lakh MCLR + 0.25% 9.55% p.a.
Loan amount above Rs 28 lakh MCLR + 0.30% 9.60% p.a.
Top Up Home Loan MCLR + 2.30% 9.40% p.a.
Fixed Interest Rate Home Loan - 9.95% p.a
Super Saver Home Loans at a special RATE of 9.75%

Marginal Cost Based Lending Rate (MCLR) – 9.30%

MCLR Reset frequency for Home Loans - Half Yearly

Base Rate - 9.35%

Customers who have availed disbursement or received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.


Rate applicable only for Vanila Standard Home Loan Product

Product Variant/Rate Slab Applicable pricing
Loans upto Rs 28 lacs Loans above Rs 28 lacs
Vanilla Home Loans (Including HEHL, RUSU) ( Salaried) MCLR + 0.20% = 9.4% p.a. MCLR + 0.3% = 9.5% p.a.
Vanilla Home Loans (including Surrogate takeover, HEHL, Gross Professional Receipt (GPR), Gross Turnover Product (GTP) and RUSU) (Self Employed) MCLR + 0.25% = 9.45% p.a. MCLR + 0.35% = 9.55% p.a.
Empower Home Loans (Self Employed) MCLR + 1% = 10.2% p.a.
Super Saver Home Loans ( Salaried & Self Employed) MCLR + 0.4% = 9.6%
Saksham Home Loans, NRI SE Surrogate, Banking Surrogate, App Score Based HL** and Surrogate Program for Directors** (Self Employed) MCLR + 0.8% = 10%
Asha Home Loans
Product Variant/Rate Slab Salaried
( All Loan Amount)
Self Employed
( All Loan Amount)
Vanilla variant MCLR + 1.05% = 10.25% p.a. MCLR + 1.35% = 10.5% p.a.
All other variants (banking urrogate, low LTV etc) MCLR + 1.55% = 10.75% p.a. MCLR + 1.8% = 11% p.a.

Note:
Kisan Home Loans is priced same as Vanilla HL where the income from agriculture is upto 25% of the total income and 25 bps higher than Vanilla HL where the income from agriculture is > 25% of the total income


Top Up Loans:

Loan Type Sub type Applicable Interest Rate
Top up loan linked to Balance Transfer of Housing Loan (Fresh Home loan plus top up)** i) Where top up loan is upto 30% of original sanction amount of home loan to be taken over Same rate at which the Home loan is being taken over
ii) Where top up loan >30% of original sanction amount of home loan to be taken over LAP rate shall be applicable
Existing Home loan customers availing a Top-up loan i) Where top up loan is upto 30% of original sanction amount of home loan Same rate at which the Home loan is running
i) Where top up loan exceeds 30% of original sanction amount of home loan LAP rate shall be applicable

Home Loan Rates for Axis Bank/Group company employees:

Loan Amount Slab Applicable Pricing
For all loan amounts MCLR + 0.15%= 9.35% p.a.

Fixed Rates (for 20 yrs):


Fixed rate for Salaried & Self Employed Customers:
  • App score based HL and Fixed rate for Asha-Surrogate Banking @ 12.50% p.a.
  • All other HL product variants @ 11.75% p.a.
  • Super Saver Home Loans

    Only for major cities:-
  • Delhi NCR, Mumbai (incl Thane & Navi Mumbai), Bangalore, Pune, Kolkata, Chennai & Hyderabad.
  • Super Saver gives the customer an option to park additional funds which will reduce the interest obligation on the home loan to the extent of the funds parked, with the flexibility to withdraw the funds anytime. In order to provide the customers with the flexibility to redraw excess funds parked by him, Super Saver account comes with an ATM card, cheque book, internet and phone banking facility.

    Features & Norms:
    Loan Amount Rs 1 crore & above
    Current Location Delhi & Mumbai (shall be extended to other locations subsequently
    Tenure Upto 20 years (additionally upto 24 months moratorium for under construction properties)
    Customer Type Resident Indians Only- Salaried & Self-Employed
    Product Variants Vanilla Home Loan & Balance Transfer - Income Based Program
    Principal reduction options a) EMI based: Works similar to a Standard Home Loan (Term loan). EMI is calculated (comprising of Principal & Interest) which is the maximum outflow. However, the actual outflow may be lesser than the EMI depending on the utilisation of principal (excess funds parked in the account) resulting in lower than the projected interest. b) Equated Principal Amortisation: The Principal repayment is distributed equally over the loan tenure & interest is payable on the actual utilisation of the principal.
    Repayment No separate repayment mode is required to be collected. Customer needs to ensure that the funds equal to principal repayment & interest are available on the cycle date in Super Saver account.
    FOIR 70% (10% lower FOIR under Equated Principal Amortisation)
    Facilities to be issued Cheque Book, ATM card, Internet Banking & Phone Banking
     

    List of Home Loan documents required

    The following documents are required along with your loan application:
    Purpose Salaried Self Employed
    Proof of Identity and Address Passport or Voter's ID card or Driving License or Job Card issued by NREGA or Adhaar Card or PAN card (PAN Card only as identity proof) or any other document as acceptable to the Bank
    Proof of income Latest 3 Months salary slip showing all deductions and Form 16 IT returns for the last 2 years and computation of income for the last 2 years certified by a CA
    Bank statement or Pass Book where salary or income is credited Last 6 months Last 6 months
    Guarantor form Optional Optional

    Axis Bank Home Loan Eligibility Criteria

    A) - Salaried Individuals

    • Individuals in permanent service in the Government or reputed companies
    • Applicants should be above 24 years and between 60 years at the time maturity

    B) - Professionals

    • Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply.
    • Applicants above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.

    C) - Self Employed Individuals

    • Any individual filing income tax returns can apply
    • Applicants should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity
    check your loan eligibility by using Deal4loans Home Loan Eligibility Calculator

    What criteria will AXIS Bank look at to decide my eligibility for a Home Loan?

    Among the multiple factors that AXIS Bank considers in determining Home Loan eligibility are:
    ✓ Income of all applicants.
    ✓ 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.

    Axis bank home loan procedure?

    Once bank receive a completed application form along with the necessary supporting documents two things happen:

    Determination of your eligibility for the Home Loan: For this bank consider internal policy guidelines and also examine all the documents submitted by you. If you are deemed eligible, you will get an approval for a specific loan amount based on your requirement, repayment capability and the value of the property.
    Axis Bank will convey its decision within 30 working days from the date of receipt of the application provided the application is complete in all respects. The computation of 30 days shall starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank.
    Legal and Technical verification: Lawyers and property valuers empanelled by the Bank will verify your title documents conduct a technical evaluation of the property.
    Once both these are complete, the Bank will process the disbursement of your Home Loan.

    Axis Bank Home Loan Centre Address all over the India
    Loan Centre Address
    New Delhi Upper Ground Floor & First Floor Himalaya House, Cannought place, Kasturba Gandhi Marg, New Delhi - 110001
    Lajpat Nagar Ground and First Floor Ravissance House 1, Ring Road, Lajpat Nagar - IV, New Delhi - 110024, Delhi, India.
    Meera Bagh A-356, Meera Bagh, New Delhi - 110087, Delhi.
    Jayanagar, Bangalore 2nd, 3rd & 4th floor, 8, Sona Tower, 32 E Cross, 4th block, Jayanagar, Opp Sanjay Gandhi hospital, Bangalore - 560041.
    Sahakaranagar No.19, 60 Ft. Road, Sahakaranagar, Bangalore - 560 092.
    Whitefield 2nd floor above Bata showroom, No. 3, Kundanhalli Main Road, Bangalore- 560 037
    BTM Layout Sun Arcade, 1st floor, Site No.13, 100 ft Ring Road, Opp Central Silk Board, BTM Layout, 1st Stage, Bangalore - 560068, Karnataka, India.
    Mumbai 5th Floor, Harbhajan Building, CST Road, Opp. Raheja Central, Nr.Nafa Bus Stop, Kalina, Santacruz East, Mumbai-400098
    Pune Pride House,Ground Floor, Opp NIC, Near Pune University Circle, Ganesh Khind Road, Shivajinagar, Pune – 411016
    Chennai Centennial Square, 2nd Floor, No 6 A, Dr.Ambedkar Road, Opp to Hotel Brown Star, Kodambakkam, Chennai - 600 024.
    Coimbatore No439, Magnum Towers, 2nd Floor, Dr. R Nanjappa Road, Gandhipuram, Coimbatore -641018

    Registered Office- Axis Bank Limited,
    "TRISHUL", Third Floor,
    Opp. Samartheshwar Temple,
    Nr. Law Garden, Ellisbridge,
    Ahmedabad - 380 006

    Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

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