Home Loan Banks: Axis Bank

The added advantages of applying for a home loan from Axis Bank are minimal documentation, quick loan procedure, expert advice related to the various queries of the customers, minimal processing fees and nil prepayment charges.

Axis Bank Home Loan Interest Rate in Bangalore

Base Interest Rate 8.6% for salaried & 9.1% for self employed
Maximum Tenure 30 years
Processing Fee Up to 50 lacs – 10000 + GST
Above 50 lacs to 1 crore – 20000 + GST
Above 1 crore – 0.2% of the loan amount 0.50% of the loan amount, plus
applicable taxes.
Prepayment and Foreclosure
Charges Allowed and no charges for floating rate loans
Age Limit Min 18 years and Max 70 years

Axis Bank Home Loan Checklist in Bangalore

KYC Documents
  • Age Proof – Pan card
  • Residential address proof – Aadhar/ Passport
  • One passport size photograph

For Self-employed – for both applicant and co-applicant

  • Aadhaar Card, Passport, Voter ID or any other government issued ID for identity proof
  • Utility bills, Passport, Aadhaar Card or Voter ID for address proof
  • Audited financial statements of last 2 years including Balance Sheets and Profit & Loss Statements. ITR documents will also be required
  • GST registration, trade license, partnership deed, Articles of Association, SEBI registration certificate and ROC registration certificate
  • Bank statements of last 6 months
  • Recent passport size photographs
  • Duly filled and signed loan application form
Income Documents and Bank Statement

For Salaried – for both applicant and co-applicant

  • Aadhaar Card, Passport, Voter ID or any other government issued ID for identity proof
  • Utility bills, Passport, Aadhaar Card or Voter ID for address proof
  • Form 16, Salary slips of last 3 months and Bank statements of last 6 months
  • Sale deed, Title deed, approved building plan and other occupancy documents
  • Recent passport size photographs
  • Duly filled and signed loan application form
Additional documents required in case of Balance Transfer of Home Loan
  • Existing Loan repayment track record (RTR)
  • In case of Balance Transfer – Sanction letter
  • LOD (List Of Document) from existing bank
Property documents
  • Sale Deed
  • Mother Deed
  • EC (past 15 years)
  • Khata and Khata Extract
  • Latest tax paid receipt

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      Why choose Axis Bank Housing Loan

      Now that you know what housing finance in India is, you can consider banks that can make the best Home Loan offers. Axis Bank realizes the importance of a home of your own and offers Home Loans that can make building your dream living space easier. Axis Bank gives Home Loans at attractive interest rates with easy repayment facilities. You can also enjoy Axis Bank loan offers that make financing truly simple.

      Benefits of taking Axis bank housing loan

      When you opt for a Home Loan, you can enjoy the following benefits:

      • Taxation: A Home Loan allows you to claim income tax deductions on the interest and principal amount due. Under the Income Tax Act, 1961, as per Section 80C, you can claim up to INR 1.5 lakh on principal repayments, and up to INR 2 lakh on interest repayments under Section 24B. You can avail of other tax benefits via a Home Loan, as well.
      • Interest Rate: When compared to the various kinds of loans available, the interest rate on a Home Loan is relatively lower. Plus, in case of a cash crunch, you can also apply for a Top-Up Loan in addition to the existing Home Loan.
      • Due Diligence: When you apply for a Home Loan, banks check the property from a legal standpoint and ensure that the documents are valid and the title is clear. This step can prevent you from being scammed and passing this due diligence can validate your property.

      Different types of loan provided by Axis bank

      Axis Bank Home Loans

      • Purchase of new/old residential unit (house/ flat/villa/apartment etc.)
      • Construction of residential unit on exiting non agriculture plot.
      • Purchase of non-agricultural plot and construction of residential unit (composite project) thereon**
      • Repairs/ improvements/ extension of the existing residential property.
      • Take-over of housing loan availed from another bank / FI
      • Completion of under construction residential unit.
      • Purchase of solar power panel along with purchase / construction of house.

      Shubh Aarambh Home Loan

      Features 12 EMIs off on regular payments of EMIs. 4 EMIs each waived at the end of 4th, 8th and 12th year.
      No extra costs, nil prepayment charge.
      Loan Amount Upto Rs. 30 lakhs
      Maximum Tenure30 years

      Loan For Purchase Of Plot

      Purchase of Residential Plots/Sites from State Development/Town Planning Development Authorities or from any other body constituted by the Government for distribution of sites. (OR) Purchase of Residential Sites/plots from statutory authorities of Central/ State Governments, local authorities either exclusively or in partnership with private sector.

      Builder Tie-ups (Approved Projects)
      Axis Bank of India has entered into tie-ups with builders at various locations. Now select properties from approved projects under builder tie-up with Axis Bank of India and get hassle free home loan. Advantages of home loan under builder tie-ups (approved projects):

      • Quick processing and sanction
      • Waiver in legal Charges & valuation charges
      • No need of interim security

      Axis Bank – Top up loans

      Facilitates existing home loan borrowers to avail additional loan, who have repaid 24 EMIs in the existing home loan account, to meet any expenditure with respect to the house such as repairs, renovations,

      furnishing, etc., with super ease and minimal new documentation. Let your dream fuel more dreams.

      Axis bank balance transfer of existing loan at lower interest rate

      Axis Bank Home Loan Balance Transfer offers easy way to transfer your current home loan from banks or housing finance companies or non-banking finance companies. When your outstanding home loan amount which comprises of your interest + principle is higher then it is advisable to consider balance transfer to avail better interest rate as well extended loan repayment period

      Balance Transfer Benefits

      • End to end digital process
      • Home loan approval in 4 simple steps.
      • Customized Repayment Options
      • Tailor-made home loans to suit your requirements.
      • Easy documentation
      • Apply with minimal documents, save time and effort.
      • 24×7 assistance
      • Connect with us on Chat, WhatsApp anytime, anywhere
      • Online loan account
      • Login to your account to conveniently manage your loan

      Axis Bank – NRI Home Loans

      Home Loans are in great demand by the NRI community and Axis bank offer a specially scheme called Axis Paradise. Besides this many ongoing businesses in India are given assistance by the Bank, where there is an NRI member while the operation is run by resident members.

      • Loans to NRIs, PIOs and OCIs* for the purchase of a flat, row house, bungalow from private developers in approved projects in India
      • Loans for the purchase of properties from Development Authorities such as DDA, MHADA etc.
      • Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority in India
      • Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owners’ Association or Development Authorities settlements or privately built up homes
      • Attractive interest rates
      • Avail of Home Loan Advisory Services in the country where you currently reside
      • Property Search Advisory Services – expert legal and technical counselling to help you make the right home buying decision
      • Valuable insights on developer projects, location, documentation and offerings
      • Loan for purchase of property located anywhere in India**
      • Loans also available for those employed in the Merchant Navy

      Axis bank housing loan FAQ’s