(Updated on 06.10.2018) Axis Bank Home Loan EMI Calculator October 2018 – Get Instant Quick & Easy Approval on Axis Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓ Best Offers & more.
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Axis Bank Home Loan
Axis Bank provides customers a wide range of best affordable and flexible home loans at eye-catching interest rates and within customers’ budget limitations. Axis Bank Home Loan is the best home loans for its striking features such as transparent processing, flexible tenure, rapid service, opportunity for a floating rate loan or a fixed rate loan, flexible rates, balance transfer facility, no prepayment charges, etc. Calculate your Home Loan Eligibility with the best tool- Axis Bank Home Loan Eligibility Calculator and get instant home loan approval.
Axis Bank Home Loan Interest Rate
Axis Bank Home Loan Interest Rates October 2018
|For Salaried Individuals (Loan Up to Rs. 30 lakhs)||8.70%|
|For Self-employed individuals (loan up to 30 lakhs)||8.75%|
For Salaried Individuals
|Type||Loan amount (Rs.)||MCLR + Mark-Up||Rate of Interest|
|Floating rate||Loan Amount upto Rs.30 lacs
Loan Amount upto Rs.75 lacs
|MCLR + 0.10% MCLR + 0.25%||8.70% p.a 8.85% p.a|
|Loan amount above Rs 75 lacs||MCLR + 0.35%||8.95%|
|Top Up for existing customers||Up to 30%- Same rate at which the home loan is running 30%-100%- LAP rate shall be applicable|
For Self-employed Individuals
|Type||Loan amount (Rs.)||MCLR + Mark Up||Rate of Interest|
|Floating rate||Loan Amount upto Rs. 30 lacs
Loan Amount upto Rs. 75 lacs
|MCLR + 0.15% MCLR + 0.35%||8.75% p.a 8.95% p.a|
|Loan amount above Rs 75 lacs||MCLR + 0.45%||9.05% p.a|
|Top Up for existing customers||Up to 30%- Same rate at which the home loan is running
30%-100%- LAP rate shall be applicable
Special Balance Transfer Scheme
1. Income Based Balance Transfer Loans
2. The eligibility of the Balance Transfer will be based on the seasoning and track-record of existing loan only
3. Avail upto 100% top up at home loan rates
Axis Bank Home Loan EMI Calculator
Axis Bank Home Loan EMI Calculator
|Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan EMI within seconds.
Axis Bank Home Loan Schemes
1) Axis Bank Happy Ending Home Loans
Purchase of a ready-made house / Purchase of house that is under construction / Purchase of a house that has been put up for resale / Purchase of a plot / Construction on the plot.
12 EMIs waived off
Nil prepayment charges
Interest Rates 8.65% onward.
- 1% of the loan amount subject to a maximum of Rs. 10,000/-
2) Axis Bank Empower Home Loans
Purchase of a ready-made house / Purchase of house currently under construction / Purchase of a self-constructed house / Purchase of a plot plus construction on the plot / House renovations, improvements, and extensions.
Minimum loan amount 10 lakhs
Interest rate is 9.25% for all loan amounts
Nil prepayment charges.
Processing fee is 1% of the loan amount.
3) Axis Bank Asha Home Loans
Home loan up to Rs 28 lakhs.
Loan Tenure up to 30 years.
Loan amount up to 90% of the property value.
Loan for the purpose of Buying a home or constructing your own house.
4) Axis Bank Super Saver Home Loans
This particular home loan helps customers to save on interest that they pay towards their loan by depositing any surplus amounts into their Super Saver Account.
Loan repayment facility up to 20 years.
Other terms and conditions applicable.
- Applicable Interest rate is 9.25%.
AXIS Bank Home Loan Eligibility
For Salaried Individuals
Individuals who are employed in Government service or in a reputed organisation are eligible to apply for a home loan with Axis Bank
Minimum of 24 years of age at the time of disbursal of the loan and a maximum of 60 years of age at the time of maturity of the loan.
Professionals such as Architects, Engineers, Company Secretaries, Management Consultants, Dentists, Cost Accountants, Chartered Accountants, Doctors are eligible to apply for a home loan with Axis Bank.
The applicant is required to be a minimum of 24 years of age at the time of disbursal of the loan and a maximum of 65 years of age at the time of maturity of the loan.
AXIS Bank Home Loan Documents Required
Signed application form with photograph
ID and residence proof
Processing fee cheque
Last 6 months bank statements
Documentation for salaried applicants:
Latest Salary slip
Documentation for self-employed applicants:
Education qualification certificate & proof of business existence
Last 3 years Income Tax Returns with computation of Income
Last 3 years Profit / Loss and Balance Sheet
AXIS Bank MCLR Rate w.e.f from 18 September 2018
Latest News on Axis Bank Home Loan
1) Axis Bank introduced self-service kiosks, Aadhaar based customer services which will help in increasing the digital transactions. Axis bank have provided 16,000 tablets to its customer officers in its branches through which it will become easier to get customer request and updates online and no through any paper work. The bank has installed digital self-service kiosks, at over 1,000 branches, In addition to deployment of 25,000 biometric readers across its network to adhere to eKYC norms in new account sign-ups and other Aadhaar-based services.
2) Axis bank launched a new home loan product known as ‘Shubh Aarambh home loan‘ on 17th August which is available for minimum tenure of 20 years. The scheme can be availed for a Minimum loan amount of 1 lakh to a maximum of up to 30 lacs. Under the scheme, 4 EMIs will be waived off at the end of 4th, 8th & 12th Year i.e 12 months EMIs waived off at no extra cost. The terms & conditions will be apply as per bank norms.
The loan can be transferred from any other bank or financial institutions to axis bank to avail the facility.
Things you must keep in mind before applying for Shubh Aarambh Home loan :-
- The minimum tenure at the time of disbursement should be 20 Years.
- Your re payment track record should be clean.
- Loan can be part paid, as long as the loan tenure is more than 4 years.
- Salaried & Self employed Individuals can apply.
- NRIs are not eligible for the loan.
- The age of the borrower should not exceed more than 60 (for Salaried) or 65 ( for Self – Employed) years respectively at loan maturity.
Axis Bank Home Loan Trends October 2018
|AXIS BANK HOME LOAN BRANCHES IN DELHI/NCR|
|Contact Address||IFSC Code||MICR Code|
|Ground Floor & Basement, B-7, Ashoka Niketan,new Delhi, Pin 110092||UTIB0001261||110211093|
|C-3, Ashok Vihar Phase – I, New Delhi – 110052||UTIB0000208||110211022|
|Ground, First & Second Floor, A-17, Panchwati, Adarsh Nagar, Azadpur, Delhi, Pin 110033||UTIB0000895||110211073|
|Ground Floor And Basement, Premises No. 50,Block -H,Bali Nagar, Near Raja Garden,New Delhi-110015||UTIB0001617||110211116|
|Ground Floor Shop No 13141533 And 34 Vardhman Mall Sec 5 Pocketj Dsidc Indus Area Bawana 110039||UTIB0002684||110211164|
|Ground Floor And Mezzanine, 10/90, P Block, Connaught Place, Delhi 110001||UTIB0002193||110211144|
|B-81 , Defence Colony, New Delhi – 110024||UTIB0000357||110211036|
|Ground Floor & Basement G-12, (Opp. J&K Block Of Dilshad Garden), Dilshad Colony, Delhi – 110095||UTIB0001146||110211089|
|Basement, Ground And First Floor, Sahni House, 26/5, East Patel Nagar, New Delhi 110008||UTIB0001006||110211075|
|K-12, Green Park Main New Delhi – 110016||UTIB0000015||110211003|
|Ground Floor, First And Second Floors,Plot No. 2, Local Shopping Centre,Mandawali Fazalpur, I.P. Extension,Patparganj, New Delhi , Pin 110092.||UTIB0001363||110211097|
|H.No. 7-A ,Shakti Vihar, Main Tanki Road, Badarpur -110044||UTIB0SJCB08||110410009|
|H.No. 15/10,Near Main Gate Hamdard Public School, Sangam Vihar, New Delhi 110062||UTIB0SJCB06||110410007|
|Ground Floor & Basement, B-1/503, Janakpuri, New Delhi-110058||UTIB0001147||110211087|
|Basement And Ground Floor, M-61, Kalkaji, New Delhi 110019||UTIB0001021||110211077|
|Plot No.-4, Aditya Corporate Plaza Community Centre, Karkardooma, New Delhi – 110092||UTIB0000372||110211039|
|F-2/25, Krishna Nagar East Delhi 110051||UTIB0000166||110211021|
|B-2/11, Paschim Vihar Delhi 110063||UTIB0000096||110211013|
|Ground Floor And Basement, E-2/241 A & E-2/242 B, Main Road, Shastri Nagar, Opp To Metro Pillar No 169, New Delhi – 110052||UTIB0001810||110211125|
|Ground Floor And First Floor, Parsvnath Shahdara Metro Tower Opp. Shahadara Metro Station, Shahdara, Delhi , Pin 110032||UTIB0000884||110211071|
|29 Cc, Basant Lok Complex Vasant Vihar 110057||UTIB0000473||110211041|
|AXIS BANK HOME LOAN BRANCHES IN MUMBAI|
|Ambika Tower Co-Op Housing Society Ltd.,Shop No. 5,6,7 & 8, Rajmata Jijabai Road,Mogra Pump House, Andheri (East),Mumbai, Maharashtra, Pin 400 069||UTIB0001531||400211095|
|Axis House, 4Th Floor Bombay Deying Mill Compund, Pandurang Budhkar Marg, Worli – 400025||UTIB0001579||NA|
|G.D.Somani Memorial School,625, G.D.Somani Marg,Cuffe Parade,Colaba,Mumbai- 400 005||UTIB0E00004||NA|
|Ground Floor Vivarea Complex Sane Guruji Marg Mumbai Maharashtra Pin 400011||UTIB0002623||400211143|
|Ground Floor, Swapnalok 312, Ramnarayan Narkar Marg, Pant Nagar, Ghatkopar East 400077||UTIB0002493||400211138|
|Sealord Chs, Saibaba Nagar, Ram Nagar, Borivali (W), Mumbai, Maharashtra,Pin 400092||UTIB0001699||400211114|
|Highway View, Kurar Village, Near Shantaram Talav, Malad (E),Mumbai- 400097||UTIB0SSSB04||400082345|
|Nutan Shopping Center, Station Road,Govandi (East), Mumbai – 400088||UTIB0SSSB03||400082344|
|Lokmanya Pan Bazar Khetwadi, 2Nd Lane Girgaum, Mumbai – 400004||UTIB0SSSB02||400082342|
|151, Sangali Sahakr Bhavan, S K Bole Road, Dadar (W), Mumbai-400028||UTIB0SSSB01||400082343|
|Ram Hajare Marg, Tagore Nagar,Vikroli (E), Mumbai-400083||UTIB0SSSB05||400082429|
Axis Bank Home Loan FAQ’s
Can I also avail of a Home Loan for Home improvements or a Home extension?
Yes! You can avail of an Axis Bank Home Loan from for any of the following:
Purchase of a home.
1. Construction of a home.
2. Home repairs.
3. Home improvements.
4. Home extension
What criteria will Axis Bank look at to decide my eligibility for a Home Loan?
Among the multiple factors that Axis Bank considers in determining Home Loan eligibility are:
1. Income of all applicants.
2. Age of the primary applicant.
3. Number of dependent that the applicants have to support.
4. Assets and liabilities of the applicants.
5. Stability and continuity of the primary applicant’s occupation.
Is it mandatory to have a co-applicant when applying for a Home Loan? If yes, who can be a co-applicant for my Home Loan?
Yes, it is mandatory to have a co-applicant. If someone is the co-owner of the property in question, it is necessary that he/she also be the co-applicant for the Home Loan. If you are the sole owner of the property, any member of your immediate family can be your co-applicant.
Do I need to pay a fee to apply for an Axis Bank Home Loan?
Banks charge a non-refundable processing fee for every Home Loan application. The processing charge to avail of an Axis Bank Home Loan is up to 1% of the loan amount plus service tax as applicable.
Can I start paying my EMI if my Home Loan is partly disbursed?
Yes! The EMI consists of the principal amount and the interest on the balance outstanding amount. Since only a part of your loan has been disbursed, the interest component of your EMI will be proportionately lower to reflect this.
Can I convert my floating rate loan to a fixed rate loan or vice versa? Will there be any charge for the switch?
Yes! You can switch from a floating rate of interest to a fixed rate of interest and vice versa.
Do I get a tax benefit on my Axis Bank Home Loan?
Yes, resident Indians are eligible for tax benefits on both the principal and the interest of a Home Loan under the Income Tax Act. Please consult your tax advisor for details.
How do I foreclose my Home Loan? Will there be any charge for the foreclosure?
Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Home Loan by requesting a foreclosure statement from your nearest Axis Bank Loan Center.
Once all outstanding dues have been cleared, please submit a foreclosure request at the Loan Center, and we will begin processing your request.