Axis Home Loan
Axis Bank gives home loans to people with a credit score of 751 or more. The interest rates are between 8.35% and 9.35% per year. You can opt for a floating interest loan with a tenure of up to 30 years or go for a fixed interest loan with a maximum tenure of 20 years. This gives flexibility to pick a plan based on your needs. The bank asks for a processing fee when you apply for a loan. This fee is either 1% of the loan amount or Rs.10,000, whichever is higher. Knowing these details can help you plan your home loan better.
Axis Bank has announced its latest home loan interest rates for 2025. Rates depend on the loan scheme and whether the applicant is salaried or self-employed.
| Scheme | Salaried | Self-Employed |
|---|---|---|
| Axis Vanilla Home Loan | 8.75% – 9.65% p.a. (based on credit score) | — |
| Axis Home Loan | 8.75% p.a. | 9.10% p.a. |
| Axis Balance Transfer Loan | 8.75% p.a. | 9.10% p.a. |
| Axis QuikPay Loan | 8.75% p.a. | 9.10% p.a. |
| Axis Fast Forward Loan | 8.75% p.a. | 9.10% p.a. |
| Axis Super Saver Loan | 8.75% p.a. | 9.10% p.a. |
| Axis Top-Up Loan | 8.75% p.a. | 9.10% p.a. |
| Axis Shubh Aarambh Loan | 8.75% p.a. | 9.10% p.a. |
| Axis Asha Loan | 10.55% – 12.80% p.a. | 11.60% – 12.55% p.a. |
| Loan Against Property | 10.55% – 10.85% p.a. | — |
Note: Rates vary by loan type, applicant profile and credit score. Check with the bank for exact pricing and eligibility.
Compare Home Loan Interest Rates Across Different Banks
| SBI Home Loan | 7.25% p.a. to 10.50% p.a. |
| HDFC Home Loan | 7.75% p.a. onwards |
| PNB Housing Finance | 7.70% p.a. to 11.45% p.a. |
| Axis Home Loan | 8.35% p.a. to 9.35% p.a. |
| Union Bank of India Home Loan | 8.60% p.a. onwards |
| Bank of Baroda Home Loan | Floating rate: 7.45% to 9.20% per year, Fixed rate: 9.15% to 10.20% per year. |
| LIC Home Loan | 7.50% p.a. onwards |
| Kotak Mahindra Bank Home Loan | 7.99% p.a. onwards |
| Central Bank of India Home Loan | 7.35% p.a. onwards |
| Aditya Birla Housing Finance | Salaried: 8.80%–14.00% p.a. & Self-employed: 9.10%–14.75% p.a. |
| HSBC Home Loan | 7.70% p.a. onwards |
| Standard Chartered Bank Home Loan | Starting from 8.95% p.a. |
| TATA Capital Home Loan | 7.75% p.a. onwards |
| YES Bank Home Loan | 9.00% - 11.50% p.a. |
| IDBI Home Loan | 7.65% p.a. onwards |
| Bandhan Bank Home Loan | 8.14% p.a. onwards |
| Federal Bank Home Loan | 8.75% p.a. onwards |
| South Indian Bank Home Loan | 8.30% p.a. onwards |
Axis Bank Home Loan Schemes
Axis Bank offers a wide range of home loan options for salaried and self-employed individuals. With competitive interest rates, flexible repayment terms, and attractive benefits like EMI waivers and balance transfer facilities, Axis Bank makes home ownership easier and more affordable.
Key Features of Axis Bank Home Loans
- Loan amount starting from Rs.3 lakh
- Financing up to 90% of property value
- You can choose a repayment period of up to 30 years, based on the loan scheme selected.
- Option to choose fixed or floating interest rate
- Balance transfer facility available
- EMI waivers on select home loan schemes
- Interest subsidy under Pradhan Mantri Awas Yojana (PMAY)
Popular Axis Bank Home Loan Schemes
- Axis Bank Shubh Aarambh Home Loan: Loans up to Rs.30 lakh with PMAY subsidy benefits. Borrowers can enjoy 12 EMI waivers on maintaining a clean repayment record.
- Axis Bank Fast Forward Home Loan: You can get loans starting at Rs.30 lakh with repayment options of up to 30 years. 12 EMIs waived on regular repayments and zero prepayment charges.
- Axis Bank Asha Home Loan: Get home loans up to Rs.28 lakh with up to 90% of your property cost covered. EMI waiver available based on repayment history.
- Axis Bank Super Saver Home Loan: High-value loans from Rs.50 lakh. Save on interest costs, enjoy flexible repayment, and pay no prepayment charges. Tenure up to 22 years.
- Axis Bank QuikPay Home Loan: You can save on interest by paying more towards the principal in the early years. Plus, you get the benefit of balance transfer and no prepayment charges.
- Axis Bank Power Advantage Home Loan: Fixed rate for the first two years, followed by floating rates. PMAY subsidy applicable. Quick disbursal and simple documentation process.
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Pradhan Mantri Awas Yojana (PMAY) with Axis Bank
Eligible customers can get PMAY benefits when they opt for Shubh Aarambh or Power Advantage loans. The scheme offers:
- Interest subsidy on housing loans
- Benefits available for NRIs as well
- Subsidy for tenures up to 20 years
Axis Bank Home Loan Eligibility Criteria
To apply for an Axis Bank Home Loan, applicants must meet the following eligibility requirements:
- Age: Minimum 21 years and maximum 57 years at the time of application
- Nationality: Open to both Resident Indians and Non-Resident Indians (NRIs)
- Employment Type: Available for both salaried professionals and self-employed individuals
Axis Bank Home Loan – Required Documents
| Category | Documents Accepted |
|---|---|
| Address Proof | Aadhaar Card, Passport, Latest Utility Bill (electricity, water, gas, etc.) |
| Identity Proof | PAN Card, Passport, Voter ID, Aadhaar Card |
| Employment Proof | Latest Income Tax Return (ITR), Employment Certificate |
| Income Proof (Salaried) | Form 16, Last 3 months’ Salary Slips |
| Income Proof (Self-Employed) | Last 6 months’ Bank Statements, Income Tax Return (ITR) |
| Property Papers | Approved Building Plan, Title Deed, Sale Agreement |
What types of interest rates are available?
Axis Bank offers both fixed and floating rate home loans. With a fixed rate, the EMI remains constant for the entire tenure, while a floating rate changes according to the bank’s MCLR (Marginal Cost of Funds-based Lending Rate).
Is it possible to move my current home loan from another bank to Axis Bank?
Yes, Axis Bank provides a balance transfer option. This allows you to shift your ongoing loan from another bank to Axis and enjoy lower interest rates or better repayment terms.
What is the least loan amount I can apply for?
The minimum loan amount you can borrow with Axis Bank is Rs.1 lakh.
Can I apply with a co-applicant?
Yes, you can include a co-applicant to increase your loan eligibility and repayment capacity.
Are there different schemes for salaried and self-employed individuals?
Most Axis Bank home loan schemes are available for salaried borrowers, but the Empower Home Loan is specifically tailored for self-employed professionals and non-professionals.
Can I pay more towards the principal in the early years?
Yes, under the QuikPay Home Loan scheme, you can pay a higher portion of the principal at the start, which helps reduce your overall interest burden.
Does Axis Bank offer EMI waiver benefits?
Yes, schemes like Fast Forward Home Loan, Asha, and Shubh Aarambh allow borrowers with good repayment history to get up to 12 EMIs waived off.
What subsidy can I get under the PMAY scheme?
Eligible households with an annual income of up to Rs.9 lakh can receive a 4% subsidy on the first Rs.8 lakh of the loan, for a tenure of up to 12 years. The maximum loan amount under PMAY is Rs.25 lakh, and the property value should not exceed Rs.35 lakh.
Is it possible to change my loan from a fixed interest rate to a floating one, or the other way around?
Yes, Axis Bank allows you to change your loan type. However, a conversion fee or additional charges may apply.