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Axis Bank Home Loan Interest Rate

Axis Bank Home Loan Interest Rates

Axis Bank is one of the leading nationalized banks that offers attractive home loan schemes to individuals in India. The interest rate of Axis Bank is offered at both fixed and floating rates. The interest rates vary from 6.90% per annum to 12% per annum. You can opt for an Axis Bank home loan to purchase, construct as well as renovating an existing house for residential purposes.

The Interest Rate of Axis Bank Home Loan

The interest rate for Axis Bank home loans starts from 6.90% per annum onwards. However, the rates differ from one home loan scheme to another which are indicated in the following table:

Axis Bank Home Loan Products	Effective Interest Rate (per annum)
Axis Bank Home Loan (floating rate)	6.90% -8.40% (for salaried) / 7.00% - 8.55% (for self-employed)
Axis Bank Home Loan (fixed rate)	12.00%
Axis Bank QuikPay Home Loan	6.90% onwards
Axis Bank Shubh Aarambh Home Loan	6.90% onwards
Axis Bank Fast Forward Home Loan	6.90% onwards
Axis Bank Asha Home Loan	10.05% - 11.00% (for salaried) / 10.30% - 11.50% (for self-employed)
Axis Bank Super Saver Home Loan	6.90% onwards
Axis Bank Power Advantage Home Loan	6.90% onwards
Top-up Home Loan	8.65% onwards
PMAY CLSS	6.90% onwards

Last Updated: 23/12/2022

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Other Fees and Charges of Axis Bank Home Loan

Particulars	Charges applicable
Processing charges	Up to 1% of the sanctioned loan amount (with a minimum of Rs. 10000 + GST)
Prepayment charges that include a part of the prepayment in case of a floating rate loan	Nil
Prepayment charges in case of fixed rate loan	2% of the outstanding principal
Penal rate of interest	No charges within 60 km. radius/ Rs. 750 for any subsequent visits
Valuation fee applicable in loan cases that are construction-linked	2% per month. 24% per annum
Switching fees for Base Rate/BPLR to Fixed Rate	A minimum of Rs 10,000 or 1% of the outstanding principal (whichever is highest)
Switching feed from fixed rate to floating rate	2% of the outstanding amount of principal
Cheque return charges/ Repayment instructions	Rs. 500 each time
Cheque/Instrument Swapping Charges	Rs. 500 each time
Issuance charges for a duplicate statement	Rs. 250 each time
CERSAI charges	For a loan amount up to Rs. 5 lakhs – Rs. 50 / For a loan amount that is above Rs. 5 lakh – Rs. 100
Insurance/ Loan Cover	Compulsory as per the actuals to be paid to the insurance company

How to Apply for Axis Bank Home Loan?

Magicbricks portal – Firstly, visit the website of Magicbricks and then navigate to find the Axis Bank Home loans application. Then you can easily proceed with your application as per the instructions on the portal.
Through Axis Bank portal – The home loan application form is to be correctly filled up on Axis Bank’s online portal. You also have the option of tracking the status of your application via this portal.
By visiting a branch of Axis Bank – You can visit one of your nearest branches of Axis Bank for availing of an Axis Bank home loan.

So, you are completely informed about the applicable rate of interest as well as the other charges when you opt for any of the home loan schemes from Axis Bank.

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