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Axis Bank Home Loans

Asha Home Loan

Get a loan that helps everyone fulfil their dreams of owning a home

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Minimum Income Requirements

Avail of loans with a combined monthly income of Rs. 8,000/Rs. 10,000

85% Property Value Loan

For loans upto Rs. 30,00,000

Loan Amount

Minimum - Rs. 1,00,000
Maximum - Rs. 28,00,000

Prepayment Charges

Floating Rate Loan: Nil
Fixed Rate Loan: 2% of outstanding principal/amount prepaid

Features and Benefits

Floating Rate of Interest MCLR plus Mark-up Effective Interest Rate (p.a)
Salaried customers MCLR plus 1.10%
10.25%
Self Employed customers MCLR plus 1.35% 10.50%

Marginal Cost Based Lending Rate - 9.15%
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.


Other Charges**

Description of charges Amount (Rs.)
Processing Fee Charges 1% of the loan amount subject to minimum Rs 10,000/-
Repayment Instruction/Instrument Return charges Rs.500/- per instance
Cheque/Instrument Swap charges Rs.500/- per instance
CERSAI Charges

Rs.50- For Loans upto 5 Lakhs

Rs 100- For Loans above 5 Lakhs
Duplicate Statement issuance charges Rs. 250/- per instance
Duplicate Amortization schedule issuance charges Rs. 250/- per instance
Duplicate Interest Certifcate (Provisional/Actual) issuance charges Rs. 250/- per instance
Issuance charges for Photocopy of title documents Rs.250/- per document set
Charges on customer initiated requests for copies of documents Rs. 250 per document set
Equitable mortgage creation charges As applicable in the state
Credit Bureau report issuance charges Rs.50/- Per Instance
Prepayment Charges for Floating Rate Loan Nil
Prepayment Charges for Fixed Rate Loan 2% of outstanding principal/amount prepaid
No Due Certificate Na
Solvency Certificate NA
Charges for Late Payment of EMI Rs 500 per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s
Switching Fees( Floating Rate to Fixed Rate)# 1% on the outstanding principal with a minimum of Rs.10,000/-
Switching Fees( Fixed Rate to Floating Rate)# 2% on the outstanding principal amount
Switching Fees( Higher Fixed rate to Lower Fixed Rate)# 0.5% on outstanding principal with minimum Rs.10,000/- (The lower rate will be equal to the applicable carded interest rate only)
Switching Fees(Higher Floating Rate to Lower Floating Rate)# 0.5% on outstanding principal with a minimum of Rs.10,000/- (The lower rate will be equal to the applicable carded interest rate only)

# For Partly Disbursed cases, charges would be calculated on total outstanding principal + undisbursed portion of sanctioned amount.

** Service Tax as applicable will be levied

*** The rates are subject to change without prior intimation, Please visit www.axisbank.com or contact nearest Axis Bank Loan Centre to get the latest charges schedule

















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