Axis Bank is one of the leading nationalized banks that offers attractive home loan schemes to individuals in India. The interest rate of Axis Bank is offered at both fixed and floating rates. The interest rates vary from 7.75% per annum to 14% per annum. You can opt for an Axis Bank home loan to purchase, construct as well as renovating an existing house for residential purposes.
Axis Home Loan Home Loan Highlights
Axis Bank Home Loan (floating rate)
7.75% (for salaried) / 9.10% (for self-employed)
Axis Bank Home Loan (fixed rate)
14.00%
Axis Bank QuikPay Home Loan
7.75% onwards
Axis Bank Shubh Aarambh Home Loan
7.75% onwards
Axis Bank Fast Forward Home Loan
7.75% onwards
What Other Fees & Charges are Applicable on Axis Home Loan Home Loan?
Processing charges
Up to 1% of the sanctioned loan amount (with a minimum of Rs. 10000 + GST)
Prepayment charges that include a part of the prepayment in case of a floating rate loan
Nil
Prepayment charges in case of fixed rate loan
2% of the outstanding principal
Penal rate of interest
No charges within 60 km. radius/ Rs. 750 for any subsequent visits
Valuation fee applicable in loan cases that are construction-linked
2% per month. 24% per annum
Switching fees for Base Rate/BPLR to Fixed Rate
A minimum of Rs 10,000 or 1% of the outstanding principal (whichever is highest)
Switching feed from fixed rate to floating rate
2% of the outstanding amount of principal
Cheque return charges/ Repayment instructions
Rs. 500 each time
Cheque/Instrument Swapping Charges
Rs. 500 each time
Issuance charges for a duplicate statement
Rs. 250 each time
CERSAI charges
For a loan amount up to Rs. 5 lakhs – Rs. 50 / For a loan amount that is above Rs. 5 lakh – Rs. 100
Insurance/ Loan Cover
Compulsory as per the actuals to be paid to the insurance company
Which Axis Home Loan Home Loan Scheme is Right for You?
Magicbricks portalFirstly, visit the website of and then navigate to find the Axis Bank Home loans application. Then you can easily proceed with your application as per the instructions on the portal.
Through Axis Bank portal The home loan application form is to be correctly filled up on Axis Bank online portal. You also have the option of tracking the status of your application via this portal.
By visiting a branch of Axis Bank You can visit one of your nearest branches of Axis Bank for availing of an Axis Bank home loan.
