Axis Bank Home Loan: Benefits, Eligibility, Rate of Interest and Application Process

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Hello friends, in today’s post we are going to get information related to Axis Bank Home Loan. If you are also looking for a good and cheap home loan then this post is beneficial for you. In this post, all those factors related to Axis Bank Home Loan have been discussed which is very important for you to know, as well as we will also know that you can take Axis Bank Home Loan Kaise.

Axis Bank Home Loan

Axis Bank is one of the largest banks in the country and offers home loans at very low-interest rates. Axis Bank offers home loans up to Rs 5 crore with a repayment tenure of up to 30 years. The interest rate of Axis Bank Home Loan starts from 6.90% per annum and is offered at both floating and fixed rates. You can use Axis Home Loan to buy, build and renovate your existing residential property. The bank charges 1% of the loan amount taken by you + GST ​​as a processing fee at the time of applying for the loan.

Loan amountup to Rs 5 crore
Interest Rate6.90%
Prepayment/Foreclosure Charges0 – 2%
Loan tenure30 years

Axis Bank Home Loan Schemes

Axis Bank offers a variety of home loan schemes for its various individuals which are given below:

Axis Bank Home Loan

This plan comes with several benefits like low-interest rate, no prepayment charges, longer tenure etc. The benefits of this scheme can be availed by both Indian and non-resident Indians, salaried and self-employed individuals. Under this scheme, loans ranging from Rs 3 lakh to Rs 5 crore can be availed, for which a period of 30 years is provided.

Also Read: What Is Upstox? How to earn money from Upstox

Quick Pay Home Loan

Axis Bank offers QuickPay Home Loan which you can use to save interest by reducing your EMI. You can avail this loan to buy a new home or to build a new house on a plot you already own, to buy a new plot and build a house on it or to make improvements in your home. In this also you can get a loan of up to Rs 5 crore, for which a period of up to 30 years is given.

Shubh Aarambh Home Loan

According to this scheme of Axis Bank, customers can get the benefit of subsidy on interest rates under the Pradhan Mantri Awas Yojana. Axis Bank also waives your 12 EMIs. EMI is waived off at the end of the 4th, 8th, and 12th years. Under this scheme, you can get a loan of up to Rs 30 lakh and tenure of up to 30 years is given to repay this loan.

Fast Forward Home Loan

Under this scheme from Axis Bank, your EMI for 12 months is waived off. 6 months EMI is waived after the customer pays 10 years of EMI and 6 months EMI waiver on completion of 15 years of EMI. Your loan tenure should be of 20 years. In this scheme, you can get a loan of 30 lakhs to 5 crores and a tenure of up to 30 years is given for repayment.

Top-up Home Loan

Existing Axis Bank home loan customers can avail a top-up home loan of Rs.50,000.
Power Advantage Home Loan: This scheme offers benefits like PMAY interest subsidy benefit, home loan balance transfer facility and fixed-rate and floating interest rate, etc. The interest on the loan amount under this scheme will be fixed for the first 2 years and subsequently Floating interest rate will be applicable. In this, you will get a loan of up to 5 crores and the repayment period will be up to 30 years.

Pradhan Mantri Awas Yojana

This scheme provides subsidies on the interest rates on home loans for economically weaker sections, low-income groups,s, and middle-income groups.

How to apply for Axis Bank Home Loan?

Follow the steps given below to apply for Axis Bank Home Loan online:-

  • Visit the official website of Axis Bank
  • Click on ‘Explore Products’ in the drop-down menu.
  • Under ‘Loans’ click on ‘Home Loan’.
  • Now you will get a list of all Axis Bank home loans and their information.
  • Select the home loan of your choice and click on ‘Apply Online’.
  • Now enter your personal details and click on ‘Submit’.
  • Bank official will contact you.

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