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Axis Bank Home Loans

Axis Bank Home Loan

Own your dream home with long tenure loans for
highest eligibility at lowest EMIs

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Smaller EMIs

Space out your payments and avail smaller EMIs paid over longer tenure

Loan Amount

Minimum - Rs. 3,00,000
Maximum - Depends on combined income

Prepayment Charges

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

Interest Rate Applicable

Floating and Fixed

Features and Benefits

For salaried individuals

Sr. No Type Loan amount (Rs.) MCLR + Mark Up Effective Rate Of Interest
1 Floating Rate Loan amount upto Rs 28 lacs MCLR + 0.30% 9.15% p.a.
Loan amount between Rs 28 lacs – Rs 75 Lacs MCLR + 0.35% 9.20% p.a.
Loan amount above Rs 75 lacs MCLR + 0.50% 9.35% p.a.
Top Up for existing customers Upto 30%- Same rate at which the home loan is running
30%-100%- LAP rate shall be applicable

For Self Employed

Sr. No Type Loan amount (Rs.) MCLR + Mark Up
Effective Rate Of Interest
1 Floating Rate Loan amount upto Rs 28 lacs MCLR + 0.35% 9.20% p.a.
Loan amount between Rs 28 lacs – Rs 75 Lacs MCLR + 0.40% 9.25% p.a.
Loan amount above Rs 75 lacs MCLR + 0.50% 9.35% p.a.
Top Up for existing customers Upto 30%- Same rate at which the home loan is running
30%-100%- LAP rate shall be applicable
Marginal Cost Based Lending Rate (MCLR) – 8.85%
MCLR Reset frequency for Home Loans - Half Yearly
Base Rate - 9.25%
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/-
Default Interest Rate @24 % per annum, 2% per month
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.

** Service Tax as applicable will be levied

For further details, Click here

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