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Axis Bank Home Loans

Happy Ending Home Loan

Pay your home loan EMIs regularly and get
the last 12 EMIs waived off*, at no extra cost

 

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EMIs Waived Off*

Last 12 EMIs can be waived off if all other EMIs have been paid regularly

No Prepayment Charges*

As long as tenure does not fall below 15 years

Balance Transfer Facility

Transfer an existing home loan to Axis Bank without any hassle

Loan Amount

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

Features and Benefits

For Salaried:

Sr. No Type Loan amount (Rs.) MCLR + Mark Up Effective Rate Of Interest
1 Floating Rate Loan amount upto Rs 28 lacs MCLR + 0.20% 9.35% p.a
Loan amount above Rs 28 lac MCLR + 0.25% 9.40% p.a

 

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 + 0.25% 9.40% p.a
Loan amount above Rs 28 lac MCLR + 0.30% 9.45% p.a
Marginal Cost Based Lending Rate (MCLR) - 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 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(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
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 Certificate(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
Prepayment charges including part prepayment for floating rate loan Nil
Equitable mortgage creation charges As applicable in the state
Credit Bureau report issuance charges Rs.50/- Per Instance

* 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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