Attractive interest rates on Home Loans to ease your monthly outgo
One of the most important factors that determine the cost of your loan is the interest rate. The higher the home loan interest rate, the larger the amount you will have to out every month. Axis Bank offers some of the most attractive home loan interest rates in India, helping you keep your EMI in check.
But interest rates often fluctuate, and higher housing loan rates could affect your monthly budgets. Our floating rate loans allow you to hedge the risk of rising home loan interest rates in India. On the other hand, if you are confident that interest rates will not rise, you could opt for a fixed rate loan that provides you with the luxury of being locked into a rate for a period of time. You then don’t have to worry about your monthly budgets getting messed up.
Our Home Loan Rates
| Sr. No |
Type |
Loan amount (Rs.) |
Base Rate + Mark Up |
Effective Rate Of Interest |
| 1 |
Floating Rate |
Less than Rs. 25 Lac |
Base Rate + 0.75% |
10.75% p.a. |
| Loans greater than Rs.25 lac - Rs. 75 lac |
Base Rate + 1.00% |
11.00% p.a. |
| Loans greater than Rs. 75 lac |
Base Rate + 1.25% |
11.25% p.a. |
| Top Up - All loans, Renovations |
Base Rate + 2% |
12.00% p.a. |
Base Rate - 10.00%
NISHCHINT - Home Loan with Fixed Rate of Interest
| Type |
Effective Rate Of Interest |
| Fixed Rate |
11.75% p.a. |
Processing charges
Check the Processing charges for Home Loans
Other Charges:
| Sr. No |
Type |
Charges |
| 1 |
Repayment Instruction/Instrument Return charges |
Rs.500/- per instance |
| 2 |
Cheque/Instrument Swap charges |
Rs.500/- per instance |
| 3 |
Duplicate Statement issuance charges |
Rs. 250/- per instance |
| 4 |
Duplicate Amortization schedule issuance charges |
Rs. 250/- per instance |
| 5 |
Duplicate Interest Certifcate (Provisional/Actual) issuance charges |
Rs. 250/- per instance |
| 6 |
Issuance charges for Photocopy of title documents |
Rs.250/- per document set |
| 7 |
Charges on customer initiated requests for copies of documents |
Rs. 250 per document set |
| 8 |
Equitable mortgage creation charges |
As applicable in the state |
| 9 |
Credit Bureau report issuance charges |
Rs.50/- Per Instance |
* Service Tax as applicable will be levied
Switching Cost:
Switching from the floating rate scheme to the fixed rate scheme and vice versa is permissible. If a fixed rate customer wants to reschedule loan to the present fixed interest rate applicable to the new customers, the same is also permissible. The existing customers can also switch over to the new rate of interest applicable for the new customer. For all of the above changes, a nominal switching fee is applicable.
Check the Switching charges for Home Loans