Axis Bank Home Loan, Interest Rates and EMI Calculator June 2017

 

(Updated on 12.06.17) Axis Bank Home Loan EMI Calculator June 2017 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 also provides Axis Personal loan at its affordable interest rates to their customers to meet financial expenses at a time of emergencies.

Axis Bank Home Loan Interest Rate

Axis Bank Home Loan Interest Rates w.e.f. 16th May 2017

For Salaried Individuals (Loan Up to Rs. 30 lakhs) 8.35%
For Self-employed individuals (loan up to 30 lakhs)  8.40%

Previous Interest Rates 

For Salaried Individuals

Type Loan amount (Rs.) MCLR + Mark-Up Rate of Interest
Floating rate Loan Amount up to

Rs. 75 lakhs

MCLR + 0.50% 8.65%
Loan amount above Rs 75 lacs  MCLR + 0.55% 8.70%
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 up to

Rs. 75 lakhs

MCLR + 0.55% 8.70%
Loan amount above Rs 75 lacs  MCLR + 0.60% 8.75%
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.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

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 organization 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

  • Form 16

  • 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 June 2017

Tenure MCLR
Overnight 7.90%
One month 7.90%
Three month 8.05%
Six month 8.15%
One year 8.25%
Two years 8.30%
Three years 8.35%

Axis Bank Home Loan Trends June 2017

User searches for Axis Bank Home Loan Rate up +70% in past week – 31.01.2017
User searches for Axis Bank Emi Calculator up +60% in past week – 28.02.2017
User searches for Axis Bank Customer Care up +50% in past week – 26.03.2017
User searches for Axis Bank Home Loan Interest Rate up +50% in past week – 30.04.2017
User searches for Axis Bank Emi Calculator up +53% in past Months – 30.05.2017
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
     
01AXIS 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 dependents 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.