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Home Retail Loans Home Loans Axis Bank Home Loan Features Benefits
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Home Loan EMI Calculator
Loan Amount

1L 5Cr 1,00,000
1,00,000

Tenure (months)

12 360 360
360

Interest Rate

6% 18% 66

Equated Monthly Installment (EMI) will be 600 Apply Now

Home Loan

Fulfil your dream of owning a home with the Axis Bank Home Loan which offers home loans starting at Rs.
3,00,000. The Axis Bank Home Loan comes with a host of benefits such as smaller EMIs where you can
space out your payment over a longer tenure, attractive interest rates, an easy application process,
Read more
doorstep service, etc. Find out more about the Axis Bank Home Loan below.

Home
Home Loan
Loan Details
Details

Loan Amount Up to Rs 5 crore

Smaller EMIs Minimum Loan Amount No PrePayment Floating & Fixed
Rs. 3 Lakhs Charges Interest Rates
Loan Tenure Up to 30 years

Floating Interest Rate 8.75% - 9.15%

Fixed Interest Rate 14% Home Loan Balance

Benefits for you Check your eligibility Interest Rates Transfer
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Processing Fee Up to 1% of the loan amount +GST (minimum Rs 10,000)

Features and Benefits

Avail attractive interest rates Choose your interest rate type Applicat

Make your home loan affordable and easier Fixed and floating home loan interest rates
on your pocket every month with attractive available as per your preference..
home loan interest rates.

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Tips to keep in mind while applying for a home loan

A home loan offers you the chance of owning a residential property and building an asset while at the same
time enjoying tax benefits. You have to pay a certain percentage of the property cost, usually up to 20%, Before y
out of your funds. The loan amount can be repaid over a fixed period as per your convenience. Both the check yo
principal loan amount and the interest repayment are eligible for tax deduction under Income Tax laws. A
Also, just
home loan application can be done at the bank branch, loan processing centre or online. Let us look at
amount y
some tips to keep in mind while applying for a home loan
Axis Ban
Be sure about how much you can afford through Equated Monthly “Loans a
Instalments (EMIs) because a home loan is a long term commitment. Deduct Bank and
Tip
Tip 11 all your expenses, including other loan and credit card repayments from your terms an
take-home pay, to know how much you can afford as home loan EMI. stipulate
Generally, banks allow EMIs up to 40% of your take-home loan salary. Bank of I
Regulato
If you apply for a high amount, the bank may not approve your loan. Also,
Please n
Tip
Tip 22 once you know the loan amount you are eligible for you can plan for the rest
for Bank
of the down payment accordingly.
not cons
would be
It is advisable to apply for a home loan at a bank where you already have a
complyin
banking relationship, such as a savings/salary account, a car loan, a personal
criteria.
Tip
Tip 33 loan, etc. If the bank already knows your credit history and personal details
such as employer, salary, etc, then the bank has to spend less time for the Images h
Know Your Customer (KYC) procedure. represen
undertak
In most cases, the bank will look favourably at a customer with a good the same
repayment record and high credit scores and may offer faster approval and agents fo
Tip
Tip 44 the prod
disbursal, or flexible repayment schedules or lower processing charges. In
some cases, the bank may offer a lower interest rate on the home loan. accounts
Don’t be
Ensure that the project where you are buying your house has all regulatory to you on
and environmental clearances in place. Or check if your bank has listed of
Tip
Tip 55
approved projects of if your project is approved by your bank. This will also
help faster approval of your home loan application.

If you need a higher loan amount but your salary does not permit it, take a
joint loan with your spouse/parent/sibling. You could also opt for a longer
Tip
Tip 66
tenure loan. A longer repayment period means a lower EMI and thereby
lesser burden on your monthly finances.

Dos and Don’ts while applying for a home loan

Do’s
Do’s Don’ts
Don’ts

Do your research about the home-property Don’t apply for loans on multiple
price, builder’s background, clearances for the aggregator websites as it indicates you
project, etc. Also do your research about the home are loan hungry and may reduce the
loan - interest rate, processing charges, repayment chances of your application being
schedule, etc approved

Know the amount you have to pay such as down Don’t take too many loans before you
payment amount, processing charges, stamp duty, apply for a home loan-such as a personal
registration fees and make provision for the same loan or auto loan. As home loan amounts
are big-ticket loans this will impact your
eligibility.

Ensure all documents are in place – salary slips, Don’t go overboard with your credit
Income Tax Returns, property agreement, and card spends and don’t delay your loan
registration, etc repayments as this will impact your credit
score negatively

Take time to improve your credit history, if Don’t take a huge loan as you may find
required before you apply for a home loan as there it difficult to repay. Affordability is key
are chances that the bank may offer you better when it comes to home loan
terms and conditions

Home Loan Fees and Charges

Depending on the type of housing loan you apply for, you will have to pay various charges,
including:
1. Processing
Processing fee
fee : This is one of the essential home loan fees to be paid to the bank by the
borrower after the approval of the loan application. It is a one-time non-refundable fee. The
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processing fee for Axis Bank Home Loan can go up to 1% of the loan amount.
2. Prepayment
Prepayment charges
charges : If you decide to repay the home loan amount before the loan tenure
Types of Home Loans in India
ends, you will have to pay a prepayment penalty.
Home loans are fee
3. Conversion provided for a variety
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is charged apartyou
from buying
decide a house.to
to convert Let’s take a look
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purpose of of home loans.
reducing the interest rate attached to your current loan scheme.
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pay nominal to construct
charges a house
if you decide toon an existing
change your loan
piece of land, this type of loan is suitable.
tenure.
5. Home
Home Loans
Loans for
for Renovation
Renovation: A home loan for renovation is offered to homeowners who
wish to renovate, uplift or extend their existing house.
6. Plot
Plot Loans
Loans: These loans are suitable for customers interested in purchasing a plot or piece of
land for constructing a house.
7. Home
Home Loan
Loan Top-Up
Top-Up: As the name suggests, a home loan top-up allows customers to borrow an
additional sum of money over the existing home loan.
8. Balance
Balance Transfer
Transfer Home
Home Loan
Loan: The balance transfer facility permits borrowers to shift their
home loans from one bank to the other for lower interest rates.
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What to do if your Home Loan application is rejected?

If your home loan application is rejected, you can re-apply for the home loan. But you must
consider the following aspects before you proceed:
Credit
Credit score
score : Your credit score is a vital determinant of your capacity to repay a

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Home Loan Balance Transfer

A home loan balance transfer helps you avail of lower home loan interest rates. As the interest rate
reduces, borrowers can pay lower EMIs, which can increase interest savings significantly. If you are
paying a higher interest rate than the current market standard, you can choose to transfer a home
loan and enjoy a reduced interest rate.
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Benefits of Home Loan Balance Transfer
How to Improve Your Chances of Getting a Home Loan?
To increase your chances of getting a housing loan approved, here’s what you can do.
1. Credit
Credit clean-up
clean-up : Your credit score is a vital factor of consideration. A high credit score makes
it easier for you to get a loan. If you have a low credit score, identify the reasons by checking your
credit report. Sometimes, minor errors affect your credit score adversely. In such a case, inform
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Credit Information Bureau (India) Limited (CIBIL) immediately about the error.
2. Assess
Assess your
your debt-to-income
debt-to-income ratioratio : Lenders analyse your current income to determine your
ability to pay the home loan EMIs. If possible, you can try to increase your annual income through a
part-time job or by selling liquid assets like stocks. As your debt-to-income ratio increases, your
chances
Home of getting
Loan FAQs a loan can also increase.
3. Limit
Limit your
your borrowing
borrowing : If you borrow more money than you need to meet your financial
targets, your chances of getting a housing loan are reduced. Save and invest more, and take wise
What is home loan EMI? !
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calls on how much money you require as a loan and submit an application for that particular
amount.
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What are the different types of home loans? !

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How to apply for a home loan at Axis Bank? !

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Are there any advantages in applying for a home loan online? !

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What are the tax benefits associated with a home loan? !

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Can I avail of two home loans at the same time? !

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Is a home loan the same as a mortgage? !

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Can I also avail of a Home Loan for Home improvements or a Home extension? !
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What is the maximum home loan amount that I can get? !

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How long does it take for Axis Bank to sanction a home loan? !
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What is a home loan balance transfer, and how does it work? !

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Affordable home loans keeping

your
your best
best interests
interests in
in mind!
mind!
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