A Star Solutions
Loan Agency
Axis Bank Home Loan
Axis Bank Home Loan Overview
Our affordable and flexible home loans are designed to take you closer to your dream home. Our Home Loan affordability calculator is based on your requirements, such as tenure, loan amount and interest rates to give you an estimate of your EMI. Explore our wide range of products for the most competitive Home Loan interest rates, extended loan tenures and other benefits like EMIs waivers
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Loan Amount Up to Rs 5 crore
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Loan Tenure Up to 30 years
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Floating Interest Rate 8.75% - 9.15%
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Fixed Interest Rate 14%
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Processing Fee Up to 1% of the loan amount +GST (minimum Rs 10,000)
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Minimum Loan Amount Rs. 3 Lakhs
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No PrePayment Charges
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Smaller EMIs
Axis Bank Home Loan Details
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Axis Bank Regular Home Loan
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Shubh Aarambh Home Loan
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Fast Forward Home Loan
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Asha Home Loan
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Top-Up Home Loan
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Super Saver Home Loan
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Quick Pay Home Loan
Axis Bank Home Loan Schemes
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, doorstep service, etc. Find out more about the Axis Bank Home Loan below.
Axis Bank Regular Home Loan
Loan Amount
Up to Rs 5 crore
Loan Tenure
Up to 30 years
Floating Interest Rate
8.75% - 9.15%
Fixed Interest Rate
14%
Processing Fee
Up to 1% of the loan amount
+GST (minimum Rs 10,000)
Home Loan Details
Interest Rates on Home Loans
For Salaried Individuals
Type
Repo Rate
+ Spread
Effective Rate
of Interest
Floating Rate
Repo Rate
+ 2.50% to
Repo Rate
+ 2.90%
9.00% -
9.40% p.a.
Fixed Rate
All Loan
Amounts
14% p.a.
For Self Employed Individuals
Type
Repo Rate
+ Spread
Effective Rate
of Interest
Floating Rate
Repo Rate
+ 2.50%
to Repo Rate
+ 2.90%
9.10% -
9.40% p.a.
Fixed Rate
All Loan
Amounts
14% p.a.
Axis Bank Home Loans provide numerous perks to help you achieve your dream of owning a home.
Margins
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For home loan upto Rs. 30 Lakhs - 10%
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For home loan above Rs. 30 Lakhs upto Rs. 75 Lakhs - 20%
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For loan above Rs. 75 Lakhs - 25%
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Individuals in permanent service in the Government or reputed companies fall under the home loan eligibility criteria.
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Applicants should be above 21 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity. You can check the amount you need to pay as EMI with the Home Loan EMI Calculator.
Submit the documents listed below and get a Home Loan
Mandatory Documents
Application Form
PAN Card
Proof of Identity & Proof of Address
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Aadhaar Card
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Passport
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Driving License
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Voter ID
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GOI issued Photo ID
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Govt Employee ID
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Electricity Bill
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Gas Bill
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Telephone Bill (Land line)
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Property Tax Receipt
Date of Birth Proof
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Passport
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PAN Card
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Aadhaar Card with DOB
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Driving License
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Birth Certificate
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Marksheet
Signature Proof
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PAN Card
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Passport
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Banker's verification
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Notarized affidavit with ID & Address proof (not applicable for financial applicant)
Proof of Income for salaried
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3 months pay slip
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6 months pay slip/2 yrs bonus proof (in case of variable pay)
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6 months bank statement showing salary credits
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2 yrs Form 16 (or employment continuity proof)
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For NRI Salaried-
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3 month pay slip
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Appointment letter/contract letter
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Continuos Discharge Certificate for Shipping cases
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6 month Domestic NRE/NRO a/c statement
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6 month international salary a/c statement
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Overseas credit report
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Valid visa copy/OCI card
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Passport copy
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POA details
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Proof of Income for self employed
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2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
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For Asha HL - 1 yr ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
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Tax Audit Report (If Gross Turnover Exceeds Rs 1 Cr or Gross Receipts Exceeds 25 Lac)
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6 months bank statements of personal and business accounts
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If ITR is filed without digital sign - CPC and tax paid challan
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Business continuity proof (3 yrs for HL / 5 yrs for LAP)
For Balance Transfer / Takeover of Loan from other bank / financial institution
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12 months loan account statement with latest outstanding letter
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Existing loan details and 6 months bank statement from where EMI is deducted
Lease Rental Discounting
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6 months bank statement where rent is credited
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Registered valid lease agreements
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2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
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1 yr 26 AS
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If Partnership firm - Partnership deed, 2 yrs audited financials, operative account, KYC, partnership authority letter
Partner / Partnership Firm
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Partnership Deed, List of Partners, NOC as per Axis Bank format
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Partnership firm's audited ITR along with complete financials
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Partnership authority letter on letterhead of the Firm signed by all partners in case Firm to stand as guarantor
Director of a Company
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For the company - 2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
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Tax Audit Report (Where Gross Turnover Exceeds Rs 1 Cr or Gross Receipts exceeds 25 Lac)
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Board Resolution (if Company is applicant) as per Axis bank format
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Certificate of Incorporation, MOA and AOA
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DIN of all Directors, Board Resolution if Company (as per Axis bank format)
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Latest Share Holding Pattern duly signed by Company secretary/List of Directors
Other Important Documents and Checks
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Completely filled and duly signed application form along with all applicants latest passport size photo
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Aadhar card is mandatory for Credit Linked Subsidy Scheme (PMAY) applicants
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PAN card is mandatory for all financial applicants
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Processing Fee and CERSAI cheques
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Self-attestation of borrowers on all documents submitted
Documents to be submitted before loan disbursement
Loan Agreement and Annexures
Loan agreement as per product type
Annexures to be duly filled, signed & stamped as per state law:
MII (Most Important Information) pages
MCLR consent letter
Schedule of loan agreement
List of Documents (LOD)
Loan restriction letter (if any)
Disbursement request letter
For NRIs – franked GPA document
Indemnity for under construction cases in plot loans
Guarantor agreement (if applicable)
Any alteration/correction to be authenticated by applicants
National Automated Clearance House (NACH) mandate/ Standing Instruction (SI) form and Security Cheques (SPDC)
NACH / SI mandate with a signed cancelled cheque with A/C holder's name as per bank records
SPDC - 3 undated security PDCs equivalent to EMI amount
1 undated cheque with amount kept blank
1 cheque towards PEMI amount
SPDC favoring "AXIS BANK LTD LOAN A/C Customer Name
Loan Cover/ Insurance Details
Property insurance application form (mandatory)
General insurance application form (if applicable)
Life insurance application form (if applicable)
Processing Fee / Equitable Mortgage cheques
Balance processing fee cheque (with clearance details)
Equitable mortgage charges / stamping charges favoring
"AXIS BANK LTD A/C SERVICE CHARGES"
Property Documents
Property documents as per type of transaction, according to bank's policy
For Balance Transfer / Takeover of loan from other bank / financial institution
Own Contribution Receipts
Sanction Letter
TDS
PSL Documents
Other Documents (to be collected if applicable)
Original list of documents from previous financer
Latest 12 months loan A/C statement with latest outstanding letter
Existing loan details and 6 months bank statement from where EMI is deducted
Indenture of guarantee, undertaking of indemnity, forwarding letter and Annexures in Axis Bank format
Own contribution receipts
Bank statement reflecting debit of own contribution paid
Duly accepted and signed by all applicants / power of attorney
All sanction conditions to be met
If TDS is being paid by applicant – TDS challan & bank statement reflecting debit of TDS paid
If TDS is not paid by applicant – Undertaking cum indemnity to deduct TDS amount from disbursement
Financial documents (any of the below):
Audited balance sheet
CA certificate – original investment in Plant & Machinery
Copy of invoice (investment in Plant & Machinery)
Additional documents (any of the below):
Audited / Unaudited (Profit & Loss Account)
GST registration certificate
For LAP cases – PSL Annexures
Letter from customer towards opting for EMI in case of partly disbursed case
Vernacular/indemnity bond Dual name/dual sign affidavit
Credit Linked Subsidy Scheme (PMAY) affidavit
Amenities agreement duly signed by 3rd party/sellers
End use letter for Top Up/LAP/LAP top up cases