Axis Bank Home Loan

Axis Bank offers Home loans to individuals so that they can own their dream house without worrying about the necessary finances. Axis offers home loans under different types which are suitable to a large group of individuals. Here are the following types of loans and their respective details:

Axis Bank Home Loan Interest Rate 2018
Interest Rate	8.40% onwards
Processing Charges	Up to 1% of the Loan amount subject to minimum of Rs.10,000
Loan Tenure	Up to 30 years
Loan Amount	Minimum: Rs 3 lakhs,  Maximum: Depends on combined income
Cheque Bounce Charges	Rs.500 per instance
Cheque / Instrument Swap Charges	Rs.500 per instance
Prepayment or Foreclosure Charges	Nil if floating, up to 2% of the principal outstanding for fixed rate

Note: The facts and figures provided above are illustrative and subject to periodic change.

1. Axis Bank Home Loans

Home loans offered by Axis Bank have great features like flexible tenures, transparent processing and quick service. The home loan from Axis bank has various features which are as follows:

• The interest rates charged by the bank under its housing loan scheme are fair and reasonable making them attractive and popular among customers because they can afford the interest rates charged by the bank.
• Both fixed and floating rates of interest are available under the Home Loan schemes and the applicant can choose either of the two based on his or her perception about the movements of the interest rates.
• A minimum amount of 3 lakhs can be borrowed under the Axis Bank Housing Loan scheme. However, there is no upper limit on borrowing and it depends on the borrower’s repayment capability.
• The bank offers balance transfer scheme under the Axis Bank Housing Loan which means that if an applicant already has a home loan from a bank and is not satisfied with the charges and EMIs of that bank, he or she can transfer the existing home loan to Axis Ltd. Home Loan without any additional hassles.
• This Axis home loan offers doorstep loan service so that the customer does not need to visit the bank branch. The bank comes to the applicant’s doorstep to complete the loan processing formality
• If the applicant wishes to pay off the Axis Home loans earlier than the stipulated tenure, it is possible and there are no charges for prepayment. However, the prepayment facility is only available to customers who have chosen a floating rate of interest.
• Premium banking customers like Priority, Wealth or Burgundy, are given special benefits in the rates and charges of the Axis Home loans
• Availing of a longer tenure of 30 years results in lower EMIs making the Axis Home loan affordable to the customers, you can pre-plan EMI by calculating with home Loan Calculator.
• eDGE Loyalty Points Program enables earning of eDGE Reward points when the customer avails the Axis Home loans or takes a top-up home loan and on every anniversary year of the availed Axis Ltd. home loan.

2. Axis Happy Ending Home Loans

A unique home loan available at Axis bank where if the borrower pays the EMIs regularly, the last 12 EMIs are waived off by the bank. The other features and benefits are:

• Home loans sanctioned under this category are for purchasing a house which is under construction or ready or for resale, construction of your house, purchase of plot, etc.
• A minimum amount of 3 lakhs can be borrowed under the Axis Limited Home loan scheme. However, there is no upper limit on borrowing and it depends on the borrower’s repayment capability.
• The last 12 EMIs are waived off if the earlier EMIs have been paid on time. There are certain conditions to be fulfilled to avail of this benefit like – there should be only 3 instances of EMIs pending for 30 days or above but always below 90 days during the loan tenure, the minimum opted tenure should be 20 years and the customer can part pay the loan amount as long as the tenure does not fall below 180 months or 15 years.
• The waiving of EMIs does not involve any extra charges and is free of cost.
• The rates of interest applicable on the scheme are standard without any additional interest
• The bank offers balance transfer scheme under the Home Loan which means that if an applicant already has a home loan from a bank and is not satisfied with the charges and EMIs of that bank, he or she can transfer the existing home loan to axis bank without any additional hassles.
• The bank provides doorstep loan service so that the customer does not need to visit the bank branch. The bank comes to the applicant’s doorstep to complete the processing formality
• If the applicant wishes to pay off the loan earlier than the stipulated tenure, it is possible and there are no charges for prepayment. However, prepayment is allowed only if the loan tenure does not fall below 180 months
• The loan processing method is quick and easy and loan is disbursed at the earliest

3. Axis Empower Home Loans

Home Loans specifically offered to self-employed individuals who can avail the loan instantly if they have a good banking track record. The other features of the loan are as follows:

• The loan is available for purchasing a house which is under construction or ready or for resale, construction of your house, purchase of plot, etc.
• A minimum loan of Rs.10 lakhs is available under the scheme and a maximum of 50-150 lakhs depending on the city of borrowing
• A unique benefit of 3 rate reductions if the applicant maintains a good track record with bank for 24, 36 and 60 months after the date of loan disbursement for availing the 1^st, 2^nd and 3^rd rate reduction respectively
• The rates of interest applicable on the scheme are attractive and affordable suiting the pocket of the borrower.
• The bank offers balance transfer scheme under the Home Loan which means that if an applicant already has a home loan from a bank and is not satisfied with the charges and EMIs of that bank, he or she can transfer the existing home loan to axis bank without any additional hassles.
• The bank provides doorstep loan service so that the customer does not need to visit the bank branch. The bank comes to the applicant’s doorstep to complete the loan processing formality
• If the applicant wishes to pay off the loan earlier than the stipulated tenure, it is possible and there are no charges for prepayment. However, prepayment is allowed only if the loan tenure does not fall below 180 months
• The method of processing the loan is quick and easy and loan is disbursed at the earliest

4. Axis Asha Home Loans

A tailor-made home loan for small time borrowers. The features are:

• The loan is available for purchasing a house which is under construction or ready or for resale, construction of your house, purchase of plot, etc.
• The tenure for loan repayment is up to 30 years making the EMIs lower and thus affordable
• Loan value ranging from 1 lakhs to 28 lakhs
• For loan amounts up to Rs.20 lakhs, the bank funds 90% of the property value leaving the customer to meet only 10% of the value
• Loan is available for a small house also which is about 300 sq.ft.
• The loan can be applied for if the combined income of the family is Rs.8000 or Rs.10, 000 thereby enabling the family to contribute towards Axis Home loan repayment
• The products can be customized and there is a large range of approved projects across the country.
• The rates of interest applicable on the scheme are attractive and affordable suiting the pocket of the borrower.
• The bank offers Axis Home Loan transfer scheme under the Home Loan which means that if an applicant already has a home loan from a bank and is not satisfied with the charges and EMIs of that bank, he or she can transfer the existing home loan to axis bank without any additional hassles.

5. Axis Super Saver Home Loans

A loan facility which helps the borrower to save the interest payments on his borrowings. The loan promises the below mentioned features which are:

• Under this loan, the borrower can park his surplus cash in the Super Saver Account which would effectively reduce the outstanding balance of the loan and the subsequent interest. This surplus amount can also be withdrawn by the applicant whenever required.
• A cheque book, an ATM card, phone and internet banking facilities are provided with the account.
• A floating rate of interest is charged on the Axis Bank Home loan account and the rate is low.
• The Axis Bank Home loan can be taken up to a maximum tenure of 20 years for a minimum amount of Rs.1 crore
• Any outstanding balance of the Axis Bank home loan with other banks or financial institutions can be transferred under this loan scheme
• The Axis Bank Home loan can be prepaid without subject to any prepayment charges. Though prepayment is allowed, it is better to maintain a higher surplus fund in the Super Saver account so that it would reduce the outstanding liability of the loan and the consequent incidence of the chargeable interest.
• • Axis Bank provides home loan with attractive home loan interest rates
  • Fixed and floating home loan interest rates available as per your preference
  • Transfer your home loan to Axis Bank with ease
  • Avail your home loan at your doorstep
  • No prepayment charges for paying off your loans availed on (floating rate of interest) before due date
  • Get Axis Bank Fast Forward Home Loan / Axis Bank 12 EMIs Off – Axis Bank Home Loan 12 EMI offers 12 months EMIs waived at no extra charges
  • You can also check your Axis Bank home loan details in the amortization schedule by visiting their website or nearest branch. Axis Bank home loan statement or amortization schedule provides you with monthly interest payments and annual interest payments which can help you to claim deductions of your home loan interest payments under section 24 of Income Tax Act, 1961.The Axis Bank Home loan is provided at the applicant’s doorstep and the service is quick and transparent.
    

    Features and Benefits of Axis Home Loans

    Below mentioned are some of the important Axis Home Loan Features & Benefits: