Interest Rates on Home Loans
Home Loans Interest Rates (per annum) |
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Cibil Score | REPO + Spread | Effective Rate of Interest |
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Cibil Score - 751 and above | REPO + 2.85% to REPO + 3.60% | 8.35% to 9.10% |
Between 750 and below / No credit history | REPO + 3.10% to REPO + 3.85% | 8.60% to 9.35% |
*The rates will vary as per the profile of the customer, loan variant and other risk factors
* The range covers all types of home loans including the variants of Super Saver, QuikPay, Shubh Aarambh, Fast Forward, Plot Loans, Banking Surrogate, Plot Equity Loan or any variant other than Vanilla
Fixed Home Loan interest rates
Axis Bank Fixed Home Loans come with a competitive fixed interest rate of 14.00% per annum. This fixed rate applies to all other Home Loan product variants which means you will get a predictable and stable repayment plan with no surprises
along the way.
Interest rates on Asha Home Loans
ASHA Home Loans Interest Rates (per annum) |
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Programs | REPO + Spread | Effective Rate of Interest |
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Salaried | REPO + 4.65% to REPO + 6.40% | 10.15% to 11.90% |
Self Employed | REPO + 5.65% to REPO + 6.40% | 11.15% to 11.90% |
*The rates will vary as per the profile of the customer, loan variant and other risk factors
Home Loan interest rates fees & charges
Axis Bank's Housing Loan interest rates start from as low as 8.75% making your dream home more affordable. Apart from the interest rates, there are also other charges that you should know about.
Here are the fees and charges associated with Home Loans:
Type of Charge | Charges Applicable |
---|
Processing Charge | - Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable)
- An upfront processing fee of ₹5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
- The processing fee is a non-refundable fee collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.
|
Admin Charges | ₹0/- |
Type of Charge | Charges Applicable | Type of Charge | Charges Applicable |
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Repayment Instruction/Instrument Return | ₹339/- per instance | Issuance Charges of Credit Report | ₹50/- per instance |
Duplicate Statement issuance charges | ₹250/- per instance | Cheque/Instrument swap charges | ₹500/- per instance |
Issuance charges for Photocopy of title documents | ₹500/- per document set | Duplicate Amortization Schedule issuance Charges | ₹250/- per instance |
Charges of Customer initiated requests for copies of documents | ₹500/- per document set | Duplicate Interest Certificate | ₹50/- per instance |
| | (Provisional/Actual) issuance charges | |
Prepayment charges for floating rate loan (including part payment) | NIL | Prepayment charges for fixed rate loan (including part payment) | 2% of outstanding principal/amount prepaid |
Equitable mortgage creation charges | As applicable in the state | Duplicate No Dues Certificate/NOC | ₹50/- per instance |
Stamp Duty & other statutory charges | As per applicable laws of the state |
Equitable mortgage cancellation charges | As applicable in the state |
Penal Charges | - Financial Default*: 8% p.a. above the applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance)
- There shall be no capitalisation of Penal Charges
- *Financial Default includes all types of payment or financial defaults/irregularities with respect to your Loan Account
|
Know more about Home
Loans fees and charges before applying.