Axis Bank Home Loan

Affordability and flexibility are the key components of Axis Bank Housing Loan that smoothly turns your dream into reality. It makes you own a bigger home paying smaller EMI’s. They have various products and favourable features that suit every need, budget and taste. Flexible tenures, minimal processing fees and easy documentation assists in getting the loan that is just right for you. At Loanstreet, you can easily get your loan disbursed from Axis bank and avail its respective value added benefits.

Minimum Threshold for Axis Home Loan Eligibility
  1. At least 21 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application of Axis Home Loan

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Cheque of Processing Fee.
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
Axis Bank Home Loan Interest Rates
Rate of Interest 9.95% to 11.00%
Loan Tenure 1 year to 30 years
Processing Fees 0.25% to 0.50% of the loan amount or Rs 5000 whichever is maximum
Partial Prepayment charges Nil
Pre closure charges Nil
Axis Bank Home Loan- WHY?

Axis bank makes your dream of owning home a reality and also offers the flexible interest rates and minimal processing fees. Hence they operate on a highly customer driven framework facilitating prompt approval and disbursal of the loans. There is a limit to the loan amount offered by them:-

S.No Loan Amount OCR
1 For Loan upto Rs 20 lakhs 15%
2 For Loan above Rs 20 Lakhs to uptoRs 75 Lakhs 20%
3 For Loan above Rs 75 Lakhs 25%
Unique Features of Axis Bank Home Loan
  • Balance Transfer Facility
  • Axis loans give the existing customers a chance to transfer the balance from any bank in the country. Once the formalities are completed this transfer facility can be well availed.

  • Nil prepayment Charges
  • For all those who have enough finance generally prefer paying off the outstanding interest amount before the due date. With Axis Bank Home Loan it becomes fairly possible to do that with minimal prepayment charges.

  • Doorstep Service
  • Right from collecting the documents to letting customer know all the important details, it becomes imperative for the bank to provide close assistance to its customers in every way. The experienced personnel at Axis Bank strive to extend doorstep service in the best possible way.

  • Flexible Rates
  • Axis bank home loan gives away the most flexible rate of interest reducing the monetary burden on the customer .It gives away the most lucrative deals in a short span of time.

  • Attractive Interest Rates
  • Customers can choose from fixed or floated Axis Interest Rates as per their needs. The Axis EMI calculator enables a customer to opt for the best financial deal.

  • Fixed ROI for 20 years
  • You can eliminate the uncertainty in the rate of interest as Axis home loan gives you access to pay a certain amount of interest monthly over a period of 20 years. The rate starts as low as 10.40% p.a.