Axis Home Loan

Axis Bank offers eligible customers housing loan options with interest rates starting at 6.90% p.a. on floating rate loans, and 12% p.a. on fixed rate loans. The tenure can be extended up to 30 years in the case of floating rate loans and 20 years in the case of fixed rate loans. The processing fee applicable can be up to 1% of the loan amount (Min. Rs.10,000) of which Rs.2,500 plus GST is to be paid upfront at the time of loan application login. 

Axis Bank Home Loan Details

Interest Rate6.90% p.a*
Loan AmountBased on income
Processing FeesUp to 1% or min. Rs. 10,000/-
Penal Interest Rate24% p.a. or 2% per month
Prepayment/Foreclosure Charges0 – 2%
Max Tenure30 Years
Rate Packages AvailableFloating/Fixed

*Festival offer

For information on other fees and charges such as switching fees, CERSAI charges, and issuance of duplicate documents, to name a few, visit the Axis Bank Home Loan Processing Fees & Charges

Axis Bank Home Loan Interest Rates 2022

Find below the interest rates for different home loan schemes offered by Axis. The rates offered on the loan depend on whether you’re a salaried employee or self-employed individual and what type of interest rate package you have chosen.

Axis Home Loan SchemesSalariedSelf-Employed
Axis Home Loan6.90% p.a. – 8.40% p.a.7.95% p.a. – 8.55% p.a.
Axis QuikPay Home Loan7.95% p.a. – 8.45% p.a.9.15% p.a. – 9.35% p.a.
Axis Power Advantage Home Loan8% p.a. – 8.35% p.a.9% p.a. – 9.20% p.a.
Axis Shubh Aarambh Home Loan7.75% – 8.25% p.a.8.95% p.a.
Axis Fast Forward Loan7.75% – 8.25% p.a.8.95% p.a. – 9.15% p.a.
Axis Asha Home Loan10.05% p.a. – 11% p.a.10.30% p.a. – 11.50% p.a.
Axis Super Saver Home Loan8.15% p.a. – 8.30% p.a.9.20% p.a. – 9.35% p.a.
Axis Top Up Home LoanAt the bank’s discretionStarting from 8.90% p.a.

Axis Bank Home Loan Fixed Rates 2022

Axis Home Loan SchemesInterest Rate for Salaried/ Self-Employed
Home Loan12% p.a.
QuikPay Home LoanNA
Power Advantage Home Loan8.40% p.a.
Shubh Aarambh Home Loan12% p.a.
Fast Forward Loan12% p.a.
Asha Home Loan12% p.a. – 12.50% p.a.
Empower Home LoanNA
Super Saver Home LoanNA
Top Up Home Loan12% p.a.

Note: Fixed-rate home loans are applicable for a maximum loan tenure of 20 years.

Axis Bank Home Loan Calculator

Axis Bank Home Loan EMI Calculator lets you calculate your EMI within a few minutes. This easy-to-use financial calculator gives you 100% accurate results every time. All you need to do is enter the loan amount, interest rate, tenure, and processing fee. Click on “Calculate” to view your EMI. You can also check a detailed breakdown of your repayment schedule through an amortisation table. 

Amount10 years20 years30 years
Rs.10 lakhRs.12,001Rs.8,209Rs.7,164
Rs.20 lakhRs.24,002Rs.16,409Rs.14,328
Rs.40 lakhRs.48,004Rs.32,838Rs.28,656
Rs.50 lakhRs.60,005Rs.41,047Rs.35,821

*Lowest interest rate of 7.75% p.a. has been taken into consideration for this loan EMI illustration. Your final EMI amount can vary based on the rate offered to you by the bank.

Calculating your EMI (equated monthly instalment) will help you plan your finances once you take the loan. In order to calculate, you can use the home Loan EMI Calculator.

This easy-to-use online tool lets you calculate your monthly instalments in a quick manner. All you need to do is enter all your loan-related details, including the loan amount, tenure, applicable rate, and processing fee. After that, hit the button “calculate” to view the EMI amount.

This will be followed by an amortisation table where you can view a detailed breakdown of your payment schedule.

Axis Bank Home Loan Schemes

Axis Bank offers home financing schemes for both salaried and self-employed individuals. Attractive rates and flexible tenures are some of the major highlights of Axis Bank home financing schemes.

  • Minimum financing of Rs.3 lakh
  • Option to choose fixed or floating rate of interest
  • Loans available for both salaried and self-employed individuals
  • Financing of up to 90% of the total property cost
  1. Axis Bank Shubh Aarambh Home Loan
    • Interest subsidy under Pradhan Mantri Awas Yojana (PMAY) available
    • EMI waived for 12 EMIs if you have a clean repayment record
    • Loans of up to Rs.30 lakh
    • Balance transfer facility availableInterest Rate for SalariedInterest Rate for Self-Employed
    • 6.90% p.a. onwards (floating rate)
    • 7.95% p.a. (fixed rate for 20 years)
    • 8% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate for 20 years)
  2. Axis Bank Fast Forward Home Loan
    • 12 EMIs waived upon regular repayments made to the loan
    • No prepayment charges
    • Minimum financing of Rs.30 lakh
    • Tenure up to 30 yearsInterest Rate for SalariedInterest Rate for Self-Employed
    • 6.90% p.a. onwards (floating rate)
    • 7.95% p.a. (fixed rate for 20 years)
    • 8% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate for 20 years)
  3. Axis Bank Asha Home Loan
    • Maximum loan amount of Rs.28 lakh
    • 12 EMIs waived depending on your banking history
    • Financing of up to 90% of the total property costInterest Rate for SalariedInterest Rate for Self-Employed
    • 10.05% p.a. onwards (floating rate of interest)
    • 12 to 12.50% p.a. (fixed rate for 20 years)
    • 10.30% p.a. onwards
    • 12 to 12.50% p.a. (fixed rate for 20 years)
  4. Axis Bank NRI Home Loan
    • Minimal processing fees
    • Flexible tenures
    • Hassle-free processInterest Rate for SalariedInterest Rate for Self-Employed
    • 6.90% p.a. onwards (floating rate)
    • 7.95% p.a. (fixed rate)
    • 8.55% p.a. onwards (floating rate)
    • 12% p.a. (fixed rate)
  5. Axis Bank Super Saver Home Loan
    • Minimum loan amount of Rs.50 lakh
    • No prepayment charges
    • Save on the total interest payable
    • Tenure of up to 22 yearsInterest RateProcessing Fee8.15% p.a. onwardsUp to 1% of the loan amount + GST
  6. Axis Bank QuikPay Home Loan
    • Save more on interest
    • Pay higher amount of principal earlier in the tenure
    • No prepayment charges
    • Option to avail balance transfer facilityInterest Rate for SalariedInterest Rate for Self-Employed7.95% p.a. onwards (floating rate)8.20% p.a. onwards (floating rate)
  7. Axis Bank Power Advantage Home Loan
    • Fixed rate of interest for the initial two years of the loan
    • Interest subsidy under Pradhan Mantri Aws Yojana (PMAY) available
    • Avail balance transfer facility
    • Hassle-free documental and quick loan disbursalInterest Rate for SalariedInterest Rate for Self-Employed8% p.a. onwards (fixed + floating rate)8.05% p.a. onwards (fixed + floating rate)
  8. Pradhan Mantri Awas Yojana (PMAY) schemeYou can get the benefits of the Pradhan Mantri Awas Yojana (PMAY) scheme through Shubh Aarambh and Power Advantage schemes. The benefits of PMAY include:
    • Interest subsidy on loans
    • Benefits for NRIs as well
    • Subsidy for tenures up to 20 years

Axis Bank Home Loan Eligibility Criteria

Age21 years to 57 years
NationalityResident Indians and NRIs
Employment typeSalaried and self-employed

Documents Required for Axis Bank Home Loan

  • Proof of identity
  • Address proof
  • Birth certificate
  • Income proof
  • Processing fee cheques
  • Loan agreement document
  • Property documents
  • Own contribution proof
  • Sanction letter

Axis Bank Housing Finance FAQs

What type of interest rates does Axis Bank offer?

The bank offers both fixed and floating rate loans. In case of floating rate loans, the interest rate will change with a change in the bank’s MCLR (Marginal Cost of Funds-based Lending Rate). The rate remains fixed throughout the tenure in case of fixed rate loans.

Can I pay a higher principal loan amount at the beginning of the loan tenure?

If you sign up for the QuikPay scheme, you can pay a higher principal amount so as to reduce the burden of interest.

Can I transfer the outstanding loan from another bank to Axis Bank?

Yes, some of the home financing schemes offer balance transfer facility. You can transfer the outstanding amount to Axis and pay off the loan at lower rates.

Are all the schemes available for salaried individuals?

All the schemes excluding the Empower Home Loan are available for salaried individuals. The Empower scheme is only for self-employed professionals and non-professionals.

How much interest subsidy will I get under the PMAY scheme?

You can get an interest subsidy of 6.50% p.a. depending on the income group/segment you belong to.

How can I get my EMIs waived off?

Axis bank offers a few schemes like Asha and Shubh Aarambh where you can get 12 EMIs waived off, provided you have a good repayment history.

What’s the minimum amount that I can borrow?

The minimum amount you can borrow is Rs.1 lakh.

Can I add a co-applicant to get the loan?
Yes, you can apply jointly with a co-applicant.

Can I change my fixed rate loan to floating rate or vice versa?
Yes, you can switch from a floating rate loan to a fixed rate loan. However, you have to pay certain additional charges for that.