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

 

(Updated on 01.04.17) Axis Bank Home Loan EMI Calculator April 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.

**Surged in Bad Loans of Axis Bank**

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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.

There is a 43% decline in net profit of Axis Bank in the March quarter from a year ago as the private sector lender raised provisions for bad loans. The ₹1,225.10 crore net profit compares with ₹2,154.28 crore posted a year ago, and ₹579.57 crore, seen in the December quarter.

Provisions and contingencies dropped 32% to ₹2,581.25 crore from ₹3,795.80 crore in the December quarter, but were 121% higher than the ₹1,168.33 crore a year ago.

Net interest income, or the core income a bank earns by giving loans, increased just 3.87% to ₹4,728 crore from ₹4,552 crore last year.

The bank’s capital adequacy ratio stood at 14.95% at the end of the March quarter against 16.03% a quarter ago.

Earlier, shares of Axis Bank gained 0.42% to close at ₹517.30 on BSE, while the benchmark Sensex gained 0.63% to close at 30,133.35 points.

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

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

Axis Bank Home Loan Under CLSS-MIG Scheme

Loan Amount Loan Tenure Monthly EMI Total Interest
Rs. 20,00,000 (CLSS-MIG) 20 Rs. 14,875 Rs. 15,69,965
Rs. 20,00,000 (Without CLSS-MIG) 20 Rs. 17,547 Rs.22,11,233

EMI and Interest Rates are Reduced By Rs.2672 and Rs.6,41,268

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.
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Interest Rate (Reducing) % Per Annum
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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

Applicable rate of Interest

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

For Professionals – The following professionals are eligible to apply for a home loan with Axis Bank

Architects Company Secretaries Dentists Chartered Accountants
Engineers Management Consultants Cost Accountants Doctors
  • 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 April 2017

Tenure MCLR % effective from 02.01.2017
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%

The new loans will be priced at the published internal benchmark MCLRs as mentioned above w.e.f. JAN 02, 2017

Axis Bank Home Loan Trends April 2017

User searches for Axis Bank Home Loan Eligibility Calculator up +300% in past week – 26.10.2016
User searches for Axis Bank Home Loan Emi Calculator up +70% in past week – 26.11.2016
User searches for Axis Bank Home Loan Rate up +70% in past week – 31.12.2016
User searches for Axis Bank Emi Calculator up +60% in past week – 30.01.2017
User searches for Axis Bank Customer Care up +50% in past week – 26.02.2017
User searches for Axis Bank Home Loan Interest Rate up +50% in past week – 30.03.2017
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
     
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