Axis Bank is one of the leading nationalized banks that offers attractive home loan schemes to individuals in India. The interest rate of Axis Bank is offered at both fixed and floating rates. The interest rates vary from 6.90% per annum to 12% per annum. You can opt for an Axis Bank home loan to purchase, construct as well as renovating an existing house for residential purposes.
The interest rate for Axis Bank home loans starts from 6.90% per annum onwards. However, the rates differ from one home loan scheme to another which are indicated in the following table:
| Axis Bank Home Loan Products |
Effective Interest Rate (per annum) |
| Axis Bank Home Loan (floating rate) |
6.90% -8.40% (for salaried) / 7.00% - 8.55% (for self-employed) |
| Axis Bank Home Loan (fixed rate) |
12.00% |
| Axis Bank QuikPay Home Loan |
6.90% onwards |
| Axis Bank Shubh Aarambh Home Loan |
6.90% onwards |
| Axis Bank Fast Forward Home Loan |
6.90% onwards |
| Axis Bank Asha Home Loan |
10.05% - 11.00% (for salaried) / 10.30% - 11.50% (for self-employed) |
| Axis Bank Super Saver Home Loan |
6.90% onwards |
| Axis Bank Power Advantage Home Loan |
6.90% onwards |
| Top-up Home Loan |
8.65% onwards |
| PMAY CLSS |
6.90% onwards |
| Particulars |
Charges applicable |
| Processing charges |
Up to 1% of the sanctioned loan amount (with a minimum of Rs. 10000 + GST) |
| Prepayment charges that include a part of the prepayment in case of a floating rate loan |
Nil |
| Prepayment charges in case of fixed rate loan |
2% of the outstanding principal |
| Penal rate of interest |
No charges within 60 km. radius/ Rs. 750 for any subsequent visits |
| Valuation fee applicable in loan cases that are construction-linked |
2% per month. 24% per annum |
| Switching fees for Base Rate/BPLR to Fixed Rate |
A minimum of Rs 10,000 or 1% of the outstanding principal (whichever is highest) |
| Switching feed from fixed rate to floating rate |
2% of the outstanding amount of principal |
| Cheque return charges/ Repayment instructions |
Rs. 500 each time |
| Cheque/Instrument Swapping Charges |
Rs. 500 each time |
| Issuance charges for a duplicate statement |
Rs. 250 each time |
| CERSAI charges |
For a loan amount up to Rs. 5 lakhs – Rs. 50 / For a loan amount that is above Rs. 5 lakh – Rs. 100 |
| Insurance/ Loan Cover |
Compulsory as per the actuals to be paid to the insurance company |
Magicbricks portal – Firstly, visit the website of Magicbricks and then navigate to find the Axis Bank Home loans application. Then you can easily proceed with your application as per the instructions on the portal.
Through Axis Bank portal – The home loan application form is to be correctly filled up on Axis Bank’s online portal. You also have the option of tracking the status of your application via this portal.
By visiting a branch of Axis Bank – You can visit one of your nearest branches of Axis Bank for availing of an Axis Bank home loan.
So, you are completely informed about the applicable rate of interest as well as the other charges when you opt for any of the home loan schemes from Axis Bank.
Disclaimer: The information available on this site has been gathered from publicly available sources and is accurate to the best of our knowledge. However, please be aware that the rates and other offers may vary based on your profile and may be subject to change without notice. Therefore, we advise you to verify the information before applying for any loan through this website. Magicbricks accepts no liability for any loss arising from the use of the information on this website. Refer T&C for the detail.
(T&C link: https://property.magicbricks.com/terms/terms.html)
**This service is available in select cities only.
*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.