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Axis Bank Home Loans

Asha Home Loan

Loan up to Rs. 28 lakhs* at monthly income as low as Rs. 8000*

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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. 50,00,000

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
(Vanilla Variant)
MCLR + 1.60%
9.75% p.a
Self Employed customers
(Vanilla Variant)
MCLR + 1.80% 9.95% p.a
Salaried customers
(All other variant)
MCLR + 2.35% 10.50% p.a.
(All other variant )
MCLR + 2.35%

10.50% p.a.

Marginal Cost Based Lending Rate - 8.15%
MCLR Reset frequency for Home Loans - Half Yearly
Base Rate - 9.15%
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 Up to 1% of the Loan amount subject to minimum of Rs.10,000/-
Penal Interest Rate @24 % per annum, 2% per month
Switching Fees (Base Rate/BPLR to MCLR)#
  • When effective rate is to be kept the same - No fees
  • When effective rate is to be revised - 0.5% on outstanding principal with minimum of Rs 10000/-
Switching Fees (Floating Rate to Fixed Rate)# 1% on the outstanding principal with a minimum of 10,000/-
Switching Fees (Fixed Rate to Floating Rate)# 2% on the outstanding principal amount
Switching Fees (Higher Floating Rate to Lower Floating Rate )# Switching Fees (Higher Floating Rate to Lower Floating Rate )#
Switching Fees (Higher Floating Rate to Lower Floating Rate )# 0.5% on outstanding principal with minimum of `10,000/-The lower rate will be equal to the applicable carded interest rate only
Repayment Instruction/Cheque Return charges 500/- Per Instance
Cheque/Instrument Swap Charges 500/- Per Instance
Duplicate Statement Issuance Charges 250/- Per Instance
Duplicate Amortization Schedule Issuance Charges 250/- Per Instance
Duplicate Interest Certificate (Provisional/Actual) Issuance Charges 250/- Per Instance
Issuance Charges of Credit Report 50/- Per Instance
Issuance Charges for Photocopy of title documents 250/- Per document set
Charges on customer initiated requests for copies of documents 250/- Per document set
Prepayment Charges including part prepayment for floating rate loan NIL
Prepayment Charges for fixed rate loan 2% of the principal outstanding
Equitable Mortgage Creation Charges As applicable in the As applicable in the state
CERSAI charges Rs 50/- For Loans up to 5 Lakhs
Rs 100/- For Loans above 5 Lakhs

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

** Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).

Click here for schedule of charges.


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