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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

  • 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)

  • Minimum Loan Amount Rs. 3 Lakhs

  • No PrePayment Charges

  • Smaller EMIs

Axis Bank Home Loan Details

  • Axis Bank Regular Home Loan

  • Shubh Aarambh Home Loan

  • Fast Forward Home Loan

  • Asha Home Loan

  • Top-Up Home Loan

  • Super Saver Home Loan

  • 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

  • For home loan upto Rs. 30 Lakhs - 10%

  • For home loan above Rs. 30 Lakhs upto Rs. 75 Lakhs - 20%

  • For loan above Rs. 75 Lakhs - 25%

  • Individuals in permanent service in the Government or reputed companies fall under the home loan eligibility criteria.

  • 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

  • Aadhaar Card

  • Passport

  • Driving License

  • Voter ID

  • GOI issued Photo ID

  • Govt Employee ID

  • Electricity Bill

  • Gas Bill

  • Telephone Bill (Land line)

  • Property Tax Receipt

Date of Birth Proof

  • Passport

  • PAN Card

  • Aadhaar Card with DOB

  • Driving License

  • Birth Certificate

  • Marksheet

Signature Proof

  • PAN Card

  • Passport

  • Banker's verification

  • Notarized affidavit with ID & Address proof (not applicable for financial applicant)

 Proof of Income for salaried

  • 3 months pay slip

  • 6 months pay slip/2 yrs bonus proof (in case of variable pay)

  • 6 months bank statement showing salary credits

  • 2 yrs Form 16 (or employment continuity proof)

  • For NRI Salaried- 

    • 3 month pay slip

    • Appointment letter/contract letter

    • Continuos Discharge Certificate for Shipping cases

    • 6 month Domestic NRE/NRO a/c statement

    • 6 month international salary a/c statement

    • Overseas credit report

    • Valid visa copy/OCI card

    • Passport copy

    • POA details

Proof of Income for self employed

  • 2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign

  • For Asha HL - 1 yr ITR, Computation of Income, P&L, Balance sheet with CA seal and sign

  • Tax Audit Report (If Gross Turnover Exceeds Rs 1 Cr or Gross Receipts Exceeds 25 Lac)

  • 6 months bank statements of personal and business accounts

  • If ITR is filed without digital sign - CPC and tax paid challan

  • Business continuity proof (3 yrs for HL / 5 yrs for LAP)

 For Balance Transfer / Takeover of Loan from other bank / financial institution

  • 12 months loan account statement with latest outstanding letter

  • Existing loan details and 6 months bank statement from where EMI is deducted

Lease Rental Discounting

  • 6 months bank statement where rent is credited

  • Registered valid lease agreements

  • 2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign

  • 1 yr 26 AS

  • If Partnership firm - Partnership deed, 2 yrs audited financials, operative account, KYC, partnership authority letter

Partner / Partnership Firm

  • Partnership Deed, List of Partners, NOC as per Axis Bank format

  • Partnership firm's audited ITR along with complete financials

  • Partnership authority letter on letterhead of the Firm signed by all partners in case Firm to stand as guarantor

 Director of a Company

  • For the company - 2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign

  • Tax Audit Report (Where Gross Turnover Exceeds Rs 1 Cr or Gross Receipts exceeds 25 Lac)

  • Board Resolution (if Company is applicant) as per Axis bank format

  • Certificate of Incorporation, MOA and AOA

  • DIN of all Directors, Board Resolution if Company (as per Axis bank format)

  • Latest Share Holding Pattern duly signed by Company secretary/List of Directors

Other Important Documents and Checks

  • Completely filled and duly signed application form along with all applicants latest passport size photo

  • Aadhar card is mandatory for Credit Linked Subsidy Scheme (PMAY) applicants

  • PAN card is mandatory for all financial applicants

  • Processing Fee and CERSAI cheques

  • 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

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