Axis Bank Home Loan Interest Rates, Schemes and Eligibility
Shubh Aarambh Home Loans with 12 EMIs waiver on timely payments
What is the current Axis Bank home loan interest rate?
Axis Bank home loan interest rates start at 8.50% p.a. for salaried borrowers with a credit score of 750+. The rate you get depends on your credit score, loan amount, and whether you choose a floating or fixed rate. MakaanLoan compares this against 25+ banks for free.
| Loan Category | Interest Rate Range (p.a.) | Max Tenure | Max LTV Ratio | Rate Verification |
|---|---|---|---|---|
| Salaried Borrowers (CIBIL 750+) | 8.50% – 8.95% | 30 Years | Up to 85% | Recently Verified |
| Self-Employed Professionals & Business | 8.65% – 9.60% | 25 Years | Up to 80% | Recently Verified |
| Balance Transfer from Other Lenders | Starts at 8.50% p.a. | Up to 30 Years | Up to 85% + Top-up | Recently Verified |
Popular Axis Bank Home Loan Schemes
Explore specialized schemes tailored for salaried professionals, business owners, youth, and government employees.
Axis Shubh Aarambh Home Loan
12 EMIs completely waived for consistent and disciplined repayment
- 4 EMIs waived at the end of the 4th, 8th, and 12th year of on-time loan repayments
- Total of 12 EMIs credited directly to principal, substantially shortening tenure
- Applicable for ready, under-construction, and self-construction properties
Axis QuikPay Home Loan
Pay higher principal early to drastically lower total interest payable over tenure
- Equated Principal Monthly Installment (EPMI) structure where principal remains fixed
- Monthly installment reduces steadily each month as remaining interest shrinks
- Saves up to 25% of total interest compared to standard amortization curves
Axis Fast Forward Home Loan
12 EMIs waived on premium residential purchases up to ₹5 Crores
- 6 EMIs waived at end of year 10, and 6 additional EMIs waived at end of year 15
- Zero extra margin requirement or markup on base benchmark rate
- Clean track record reward system directly reducing loan principal
Axis Bank Home Loan EMI Calculator
Estimate your monthly installment based on Axis Bank's live interest rate of 8.50% p.a.
Axis Bank Eligibility Criteria
- Age Limit: 21 years at application, up to 65–70 years at maturity
- Minimum Income: ₹25,000/month for salaried; ₹3,00,000 annual net taxable income for self-employed
- CIBIL Score: 700+ preferred for best rate spreads
- Employment Vintage: 2+ years total work experience; 3+ years in continuous business
- Resident Status: Resident Indians, NRIs, and PIOs eligible across major schemes
Documents Required for Axis Bank
- KYC: PAN card (mandatory for applicant & co-applicant), Aadhaar card, passport photos
- Salaried Income: Last 3 months payslips, 6 months salary bank statement, Form 16 / ITR
- Self-Employed: 3 years ITR with computation, P&L, balance sheet, 12 months bank statements
- Property Documents: Allotment letter, agreement for sale, sanctioned building plan, CC/OC
Frequently Asked Questions about Axis Bank Home Loans
What is the current Axis Bank home loan interest rate?
Axis Bank home loan interest rates start at 8.50% p.a. and range up to 9.60% p.a., linked to repo rate benchmarks. Actual rate offers depend on your credit score, loan amount, and employment profile.
What is the standard processing fee charged by Axis Bank?
Axis Bank charges a standard processing fee of 0.5% of the sanctioned loan amount. When you apply through MakaanLoan, you can access exclusive fee concessions and special capped processing fee schemes.
Are there any prepayment or foreclosure penalties on Axis Bank home loans?
Under Reserve Bank of India (RBI) regulations, Axis Bank charges zero prepayment penalties or foreclosure charges on floating rate home loans for individual borrowers.
What is the minimum CIBIL score required for Axis Bank home loan approval?
A CIBIL score of 700 or higher is preferred by Axis Bank for standard approval, while scores of 750+ unlock the lowest starting rate slab of 8.50% p.a. Profiles with 650–700 are workable subject to compensatory underwriting.
How long does Axis Bank take to sanction and disburse a home loan?
Digital in-principle sanction from Axis Bank can be achieved within 48 to 72 hours once complete documentation is submitted. Final disbursement typically takes 3 to 7 working days post legal and technical verification.
Ready to apply for Axis Bank Home Loan?
Submit your profile through MakaanLoan to lock in exclusive volume processing fee concessions (Makaanloan special offer of flat ₹11,800 processing fee), dedicated relationship management, and conditional in-principle sanction without bank branch visits.