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Axis Bank Home Loans

Empower Home Loan

To get 3 guaranteed rate reductions, maintain a good
repayment track record for home loan EMIs

 

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Assured Rate Reductions

3, on maintaining a good repayment track for 24, 36 and 60 months

No Prepayment Charges

No extra charges on early closure

Balance Transfer Facility

Transfer an existing home loan to Axis Bank without any hassle

Loan Amount

Minimum - Rs. 10,00,000
Maximum - Rs. 1,50,00,000

Features and Benefits

Sr. No Loan amount (Rs.) MCLR + Mark Up
Effective Rate of Interest
1 All Loan Amounts MCLR + 1.10% 9.25%
Marginal Cost Based Lending Rate (MCLR) - 8.15%
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.

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) NA
Switching Fees (Fixed Rate to Floating Rate) NA
Switching Fees (Higher Floating Rate to Lower Floating Rate ) NA
Switching Fees (Higher Floating Rate to Lower Floating Rate ) NA
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

* Service Tax as applicable will be levied













WHAT'S NEW ?

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NOW PAYMENT TIME IS ALSO FITNESS TIME

Make contactless payments using Axis Active. Get it at a special price today!

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Your Child's Education Expenses fully covered

Special Rate offer for Indian & Abroad Institutes; offer valid till March 31, 2017

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GST: IMPACT AND WAY FORWARD


Evolve, roadshow for Axis Bank SMEs, is back with its 3rd edition

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Backing the innovators of today!

Business Banking Solutions for Start-ups by Axis Bank

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