Home Loan

Loan Purposes
Need help buying a home?

Axis Bank offers affordable and flexible housing loans that can turn your dream of owning a
home into reality.

If rising real estate prices have pushed the house you coveted beyond your budget, Axis
Bank's unmatched home loans will put it within reach. The attractive interest rates and
minimal processing fees make our home finance products a first choice for savvy buyers. In
addition, features such as flexible tenures, transparent processing and quick service have made
our products stand out among the best home loans in India.

We have products to suit every budget, taste and need. Whether you are self-employed or
salaried, want a floating or fixed rate, Axis Bank will offer a loan that is just right for you.
Land Loan features and benefits

 You can use the land purchase loan to buy a plot of land and to construct the house.
 You can take a land loan to build a house on a plot of land that you already own.
 The land loan can be used to buy a new house/ flat.
 Purchase an old house/ flat. To avail of the loan, the residual age of the property as
confirmed by our empanelled valuators at the maturity of the loan should not be less
than 10 years.
 Takeover of existing housing loans.

Home Improvement Loan features and benefits

 You can use our home improvement loans for a variety of purposes. You can utilize it
to make renovations, paint the house, carry out repairs to the walls and floor etc.
 You also get the benefit of attractive interest rates on home renovation loans
 Interest Rates & Charges
Quick and easy home loans

One of the most important factors that determine the cost of your loan is the interest rate. The
higher the home loan interest rate, the larger the amount you will have to out every month.
Axis Bank offers some of the most attractive home loan interest rates in India, helping you
keep your EMI in check.

But interest rates often fluctuate, and higher housing loan rates could affect your monthly
budgets. Our floating rate loans allow you to hedge the risk of rising home loan interest rates
in India. On the other hand, if you are confident that interest rates will not rise, you could opt
for a fixed rate loan that provides you with the luxury of being locked into a rate for a period
of time. You then don’t have to worry about your monthly budgets getting messed up.

Home Loan Rates

Sr. Base Rate + Effective Rate Of
Type Loan amount (Rs.)
No Mark Up Interest
Base Rate +
Less than Rs. 25 Lac 10.75% p.a.
0.75%

Floating Loans greater than Rs.25 Base Rate +

1 11.00% p.a.
Rate Lac - Rs. 75 Lac 1.00%
Loans greater than Rs. 75 Base Rate +
11.25% p.a.
Lac 1.25%

Processing Charges
Processing Fee From Salary A/c, for Rs. 11030/- in favour of “Axis Bank Limited (Home
Loan)” loan amount less than 20 lacks processing fee is 0.50 % + service tax 10.3 % on the
loan amount.
In Case of any deviation 5515/- Processing Fees is not Refundable.

Other Charges
Type Charges

Cheque/Instrument Swap charges Rs.500/- per instance

Duplicate Statement issuance charges Rs. 250/- per instance
Duplicate Amortization schedule issuance charges Rs. 250/- per instance
Duplicate Interest Certificate (Provisional/Actual) issuance charges Rs. 250/-per instance
Issuance charges for Photocopy of title documents Rs. 500/- documents
Documents Required for Home Loan (SALARIED)
Most Important: All documents are to be self attested.

1.) Date of birth proof of all applicants. ( PAN card or Passport or 10th Certificate).
2.) ID proof of all applicants. ( Voter's ID card or driving license or PAN card or photo
credit card or employees ID card or defence or police or government department ID
card).
3.) Residence proof of all applicants.(Updated Bank account statement or latest
electricity bill or latest mobile or telephone bill or latest credit card statement or latest
LIC policy or insurance premium receipt or employers letter certifying the current
mailing address or latest NSC or other similar instruments indicating the address or
existing house lease agreement).
4.) Photograph of Applicants and Co-applicant or Guarantor duly self attested on the
front side including Application Form.
5.) Latest 3 months salary slip in original or duly attested by HR/Accounts depts.(if there
is variation in salary then 6 months’ salary slips) & CTC (If required).
6.) Latest six month bank statement (Till Date) in which salary is credited (original).
7.) Latest 2 years Form 16 along with ITR (Assessment year 2010-2011 & 2011-2012).
8.) Copy of Appointment Letter/Contract Letter in case of job changed within one year
along with previous employer’s form16.
9.) In case of any loan EMI going from any of your other bank, then copy of bank
statement for latest six month along with a sanction letter ( of that loan ) or latest track
record.

10.) Highest Qualification Certificate.

11.) Copy of Property papers (In case of direct allotment- Payment Receipt, Allotment
letter or Booking booklet will do).

NOTE:- Co-Applicant is Mandatory.

If Co-applicant is Financial then all documents Required as Applicant and if

Co-applicant is Non-Financial then Only KYC Documents Required.

Voter id, Ration Card and Driving license not valid for Residence Proof.
Features of Axis Bank Home Loans
Axis Bank housing loans are designed for today’s home-hunter. Our easy home loans are
rich in features and offer a number of benefits.

 Attractive housing finance rates: We offer attractive interest rates that make your
housing loans affordable and easier on your pocket every month.
 Flexible rates: Choose between fixed and floating rate options depending on which
way you think interest rates are moving.
 Balance transfer facility: Not satisfied with your existing home loan provider?
You can transfer your home loan to us without any hassles.
 Doorstep service: You don't have to go the bank for home loans; the bank will
come to your doorstep. Perfect for those leading busy lives.
 Nil prepayment charges: Come into some money and want to pay off your housing
loan early? You can do that at Axis Bank without worrying about prepayment
charges.
 Quick and transparent processing

Terms and Conditions

Repayment
 Repayment period for home loans shall not exceed 25 years.
 Repayment period of pre-allotment bookings of housing loans shall not exceed 1½
year
 Repayment period of improvement or renovation or extension of existing property
shall not exceed 10 years.

Security

Equitable mortgage of the property to be financed by way of deposit of title deeds.

Disbursement

The loan will be disbursed in full or in suitable instalments, taking into account the
requirement of funds and progress of construction, as assessed by the Bank directly to seller
or builder or local development authority or supplier of materials etc.