Axis Bank Home Loan Details 2021 | |
Interest Rate | 6.90% onwards (Compare Home Loan Rates) |
Lowest EMI/Lakh | Rs. 662 |
Loan Amount | Rs. 1 lakh – Rs. 5 crores |
Loan Tenure | Up to 30 years |
Processing Charges | Up to 1% of loan amt. (Min. of Rs. 10,000) + GST |
Note: The facts and figures provided above are subject to periodic change.
Axis bank home loan is available at low interest rate of 6.90% p.a. onwards under the floating rate regime and 12% p.a. under the fixed-rate regime. Both self employed and salaried individuals can apply for Axis bank housing loans to buy a new home/plot, construct a new house and renovate/expand an existing residential property. Other benefits that Axis bank offers with its home loan products include flexible loan term, no prepayment charges, low processing fees, multiple repayment options and transparent processing.
Axis Bank Home Loan Features & Benefits
- Different home loan schemes to cater every individual’s home loan needs
- Available at both fixed and floating interest rates
- Longer and flexible loan tenure
- Multiple preapproved residential projects to choose from
- Multiple repayment options
- No prepayment charges on floating rate home loans
Check Also: Home Loan Tax Benefits
Axis Bank Home Loan Interest Rates
Axis Bank Home Loan Products | Effective Rate of Interest (p.a.) | |
For Salaried | For Self Employed | |
Axis Bank Home Loan (floating rate) | 6.90% – 8.40% | 7.00% – 8.55% |
Axis Bank Home Loan (fixed rate) | 12.00% | |
QuikPay Home Loan | 6.90% onwards | |
Shubh Aarambh Home Loan | 6.90% onwards | |
Fast Forward Home Loan | 6.90% onwards | |
Asha Home Loan | 10.05% – 11.00% | 10.30% – 11.50% |
Super Saver Home Loan | 6.90% onwards | |
Power Advantage Home Loan | 6.90% onwards | |
Top-Up Home Loan | 8.65% onwards | |
PMAY CLSS | 6.90% onwards |
Note: The interest rate above is subject to change without prior notice. The final rate of interest for the customer shall depend on their credit assessment and the product variant.

Transfer Your Home Loan at the Lowest Interest Rate of 6.75% p.a. Apply Now
Axis Bank Home Loan Processing Fees & Charges
Particulars | Applicable charges |
Processing Charges | Up to 1% of loan amount (Subject to a minimum of Rs. 10,000) |
Prepayment Charges including part prepayment for floating rate loan | Nil |
Prepayment Charges for fixed rate loan | 2% of the principal outstanding |
Penal Interest Rate | Within 60 km radius – No charges Beyond 60 km – Rs. 500 (for first visit) and Rs. 750 (for subsequent visits) |
Valuation fee in Construction Linked Loan cases | 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. 10,000 |
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 |
Repayment Instruction/Cheque Return Charges | Rs. 500 per instance |
Cheque/Instrument Swap Charges | Rs. 500 per instance |
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 |
CERSAI charges | For loans up to Rs. 5 lakh – Rs. 50 For loans above Rs. 5 lakh – Rs. 100 |
Loan Cover/ Insurance | Compulsory |
*In case of Part Disbursal, the charges will be calculated on total outstanding principal + undisbursed portion of sanctioned amount.
Note: GST will be levied on charges and fees, wherever applicable.
Axis Bank Home Loan EMI Calculator
Home loans involve a huge amount of money and are a long-term commitment, with loan tenure extending up to 30 years. Availing home loans without prior financial planning might lead to financial burden and subsequently defaults. To avoid such a scenario, potential borrowers must know the amount they are going to pay for their loan repayment. Knowing your housing loan EMI before applying for the loan helps in planning the finances better. Paisabazaar’s Home Loan EMI Calculator can help you get the approximate value of the EMI for free. It is easy to use and also provides results instantly.
Axis Bank Home Loan EMI Calculation
The table below shows Axis bank home loan calculation for different interest rates, loan amounts and loan tenures:
Loan Amount | Interest Rate | EMIs as per Different Loan Tenures | ||
15 years | 20 years | 30 years | ||
Rs. 30 lakh | 8.00% | Rs. 39,155 | Rs. 33,832 | Rs. 29,770 |
Rs. 60 lakh | 8.50% | Rs. 57,860 | Rs. 50,748 | Rs. 44,655 |
Rs. 90 lakh | 8.75% | Rs. 77,147 | Rs. 79,533 | Rs. 59,540 |
Rs. 1 crore | 9.00% | Rs. 96,433 | Rs. 84,580 | Rs. 74,425 |
In the table above, one can notice that home loan EMIs decrease as the loan tenure increases. While choosing longer tenure reduces your monthly liability but it also increases your total interest payout. Hence, choose your home loan tenure wisely.