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Axis Bank offers home loan products for maximum loan amount available up to ₹ 5 crore. The tenure of the loan can extend up to 30 years. The bank provides various features such as no prepayment charges and options to choose between fixed and floating interest rates. The interest rates start from 8.75% per annum for floating rates and can go up to 14% for fixed rates. The bank offers several home loan products, including the Fast Forward Home Loan, which allows for purchasing or constructing homes, and the Asha Home Loan, which includes EMI waivers for borrowers with a clean repayment history. Borrowers can also benefit from tax deductions on principal and interest payments under applicable sections of the Income Tax Act.
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Axis Bank, a leading bank from Mumbai, was established as UTI Bank in 1993. The private bank offers a wide range of financial products and services including home loans. Whatever the requirement is, purchasing, renovating or construction, Axis Bank has competitive interest rates with flexible payment options. Axis Bank caters to all types of homeowners and applicants. From first-time home buyers to seasoned pros looking to expand their portfolio, Axis Bank has tailor-made solutions to fit everyone’s needs. Processing charges are capped at 1% of the loan amount, with a minimum fee of ₹10,000 plus GST.
Axis Bank offers home loans for not just salaried individuals but also for self-employed people and professionals. Its home loans stand out in the market for their attractive rates and features like the following:
| Features | Axis Bank | SBI | HDFC Bank Limited | ICICI Bank |
| Loan tenure | 30 years | 30 years | 30 years | 30 years |
| Interest rate | 8.75% p.a. onwards | 8.50% - 9.85% p.a. | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Prepayment charges | No pre-payment charges | No pre-payment charges | No pre-payment charges | No pre-payment charges |
| Processing fees | 1% of loan amount or INR 10,000, whichever is higher | 0.35% of loan amount | 0.50% - 1.50% of loan amount or INR 3,000 and INR 4,500, whichever is higher | Up to 2% of loan amount |
Axis Bank accepts applicants who are salaried employees, professionals or self-employed entrepreneurs. The general eligibility criteria for Axis Bank home loans is as given below:
The minimum loan amount is generally ₹3 lakhs, with maximum limits based on income and property value.
| Comparison Factor | Salaried Individuals | Professionals | Self-Employed Individuals |
| Age | 21 years to 65 years | 21 years to 65 years | 21 years to 65 years |
| Work Background | Stable employment history in reputed companies or government sector | Professionals like doctors, lawyers, chartered accountants, or management consultants are eligible. | Self-employed business owners or entrepreneurs are eligible. |
| Nationality | Residents and NRIs | Residents and NRIs | Residents and NRIs |
Axis Bank interest rates are different depending on the loan amount, the applicant’s background and the loan type. The interest rates range from 8.75% to 9.15% per annum, while the fixed interest rate is set at 14% per annum. These rates apply to loan amounts ranging from ₹1 lakh to ₹5 crore, with a maximum tenure of 30 years.
Axis Bank charges processing fees of up to 1% of the loan amount, with a minimum fee of ₹10,000 plus GST.
| Lender | Interest Rate |
| Axis Bank | 8.75% - 13.30% p.a. |
| Bank of Baroda | 8.40% - 10.65% p.a. |
| Federal Bank | From 8.80% p.a. |
| Godrej Housing Finance | From 8.55% p.a. |
| HDFC Bank Limited | From 8.75% p.a. |
| IDFC First Bank | From 8.85% p.a. |
| Kotak Mahindra Bank | From 8.75% p.a. |
| L&T Finance Limited | From 8.65% p.a. |
| PNB Housing Finance | 8.50% - 14.50% p.a. |
| Punjab National Bank | 8.45% - 10.25% p.a. |
| SBI | 8.50% - 9.85% p.a. |
| Tata Capital Housing Finance | From 8.75% p.a. |
Axis Bank charges a processing fee for home loans that is structured as follows:
Additional charges may apply for services such as cheque bounce (₹399 per instance), issuance of duplicate statements (₹250 per instance), and other document-related requests.
Applying for a home loan at Axis Bank is straightforward and can be completed online and offline. Here are the steps to follow for a home loan application submission at Axis Bank.
If approved, you will receive a sanction letter detailing the loan amount, interest rate, and tenure. Submit any additional property documents as requested by the bank. Upon successful verification and completion of all formalities, the loan amount will be disbursed to your account.
