The AXIS Home Loan Balance Transfer Calculator is a pivotal tool for simplifying home loan balance transfers. This guide provides an in-depth exploration of this calculator, aiding you in efficiently managing your home loan.
Axis Bank Home Loan Balance Transfer Highlights
| Highlights | Details |
|---|---|
| Interest Rate | Contact the Bank |
| Minimum Loan Amount | Rs.3 Lakhs |
| Tenure | Up to 30 years |
Check Out: Axis Bank Home Loan EMI Calculator
Axis Bank Home Loan Balance Transfer Interest Rates 2025
Axis Bank has not released a dedicated balance‑transfer rate on its official site. Based on the bank’s current home‑loan slabs, you can expect an interest rate of around 9.10 % p.a., though the final offer will depend on your credit profile and prevailing repo‑linked revisions.
Must Read: Axis Bank Home Loan Interest Rates 2025
Axis Bank Home Loan Balance Transfer Eligibility Criteria
To qualify for a home loan balance transfer with Axis Bank, you must meet certain eligibility criteria, including credit score, income, and other factors. Understanding these requirements will help you determine your eligibility.
| Criteria | Details |
|---|---|
| Occupation | Open to salaried individuals in both government and private sectors, and professionals such as doctors, engineers and accountants |
| Self-Employement | Applicable for self-employed individuals who file income tax returns |
| Age | Salaried: 21-60 years Self-Employed: 21-65 years |
| Loan Tenure | May retain the original tenure or adjust as per Axis Bank’s Policy |
| Loan Amount | Minimum Rs.3Lakhs |
Check Out: Axis Bank Home Loan Eligibility Calculator
Axis Bank Home Loan Balance Transfer Processing Fees and Other Charges
When transferring your home loan to Axis Bank, there may be processing fees and other charges involved. It’s important to be aware of these costs to plan your transfer effectively.
| Category | Fees and Charges |
|---|---|
| Processing Fees | Up to 1% of the loan amount or Rs. 1000, whichever is higher |
| Conversion Fees | Applicable if you switch to a different loan scheme to reduce interest rates |
| Prepayment Charges | If you prepay before the loan tenure ends, prepayment penalty applies |
Also Read: Axis Bank Home Loan Processing Fees
Axis Bank Home Loan Balance Transfer Documents
To complete your home loan balance transfer with Axis Bank, you will need to provide specific documents for verification and approval. These documents help facilitate the transfer process smoothly and ensure your eligibility.
Core Application and KYC Documents
| Item | Details / Acceptable Proofs |
|---|---|
| Application form & photos | Filled‑in form signed by all applicants + 3 passport‑size photographs |
| Identity proof | PAN (mandatory if loan > ₹10 Lakh), Passport, Aadhaar, Voter ID, Driving Licence |
| Address proof | Any of the above IDs or a registered rent agreement |
| Assets & liabilities | Self‑declared statement + proofs of LIC/NSC/KVP/Mutual Funds/Property |
| ITR verification | Latest ITR‑V / income‑tax verification report |
Note:
1. Every applicant / co‑applicant / guarantor must self‑attest each document.
2. Branch may seek extra income or title papers for clarity; comply promptly
Income and Employment Evidence
| Profile | Documents Required |
|---|---|
| Salaried | • Last 3 salary slips (1 for guarantor) • Form 16 + latest ITR • Employee ID card • Appointment/confirmation letters • 6‑month salary‑account statement |
| Self‑employed / Professionals | • Last 2 yr audited P&L & balance sheet • Business registration proof (GST, Shops & Est.) • IT returns, Form 26AS • 12‑month current‑account statement |
| Farmers / Agriculturists | • Income certificates for preceding 2 year (Gram Sevak/Talati) and last year (Block Revenue Officer) • Land records (Form 6, 7/12, 8A) |
| NRI / PIO / OCI | • Passport with valid visa / PIO proof • Overseas & NRE statements (6 months) • Overseas salary slips or business financials • Foreign credit‑bureau report, work permit |
Note:
1. Every applicant / co‑applicant / guarantor must self‑attest each document.
2. Branch may seek extra income or title papers for clarity; comply promptly
Banking and Existing‑Loan History
| Item | Details |
|---|---|
| Existing loan statement | Last 12‑month statement from current lender |
| Lender’s document list | Acknowledged list of original property papers held by current lender |
| Sanction letter | Copy of existing loan sanction terms |
| Foreclosure letter | If already issued, provide original/printout |
Note:
1. Every applicant / co‑applicant / guarantor must self‑attest each document.
2. Branch may seek extra income or title papers for clarity; comply promptly
Property Papers
| Property Stage | Mandatory Documents |
|---|---|
| Ready flat / house | Agreement for Sale approved blueprint Commencement & Completion Certificates Occupancy Certificate latest property‑tax receipt society registration & share certificate chain of title builder/seller receipts title clearance valuation report |
| Flat under construction | Agreement for Sale approved plan Commencement Certificate registered development agreement payment receipts title clearance valuation report |
| Self‑construction | Approved blueprint plot purchase payment proofs title clearance valuation report |
Note:
1. Every applicant / co‑applicant / guarantor must self‑attest each document.
2. Branch may seek extra income or title papers for clarity; comply promptly.
Also Read: Axis Bank Home Loan Customer Care
Home Loan Balance Transfer Case Study
This case study evaluates the financial impact of transferring a home loan balance from HDFC to Axis Bank after 2 years of repayment. The analysis focuses on interest savings, revised EMIs, and total repayment amounts under the new loan terms.
Current Loan Details at HDFC Bank
| Parameter | Value |
|---|---|
| Loan Amount | ₹60,00,000 |
| Interest Rate | 9.70% p.a. |
| Tenure | 30 years |
| EMI | ₹51,549/month |
| Total Interest Payable | ₹1,25,57,640 |
| Total Amount Payable | ₹1,85,57,640 |
| Key Insight | Over 90% of the initial EMIs go toward interest payments due to the long tenure. |
Loan Status After 2 Years
| Parameters | Details |
|---|---|
| No. of EMIs Paid | 24 |
| Total Amount Paid | ₹12,37,176 |
| Principal Repaid | ₹54,000 (approx) |
| Interest Paid | ₹11,83,176 |
| Remaining Principal | ₹59,26,200 |
After 2 years, only ₹54,000 of the principal is repaid, with ₹11.83 lakhs paid as interest.
Balance Transfer to Axis Bank
| Parameters | Details |
|---|---|
| Transferred Balance | ₹59,26,200 |
| New Interest Rate | 9.10% p.a. |
| Remaining Tenure | 28 years |
| New EMI | ₹48,795/month |
| Total Interest Payable | ₹1,04,68,864 |
| Total Amount Payable | ₹1,63,95,064 |
Financial Impact Analysis
| Metric | HDFC Bank (Current) | Balance Transfer (Axis Bank) | Savings |
|---|---|---|---|
| Total Payment | ₹1,85,57,640 | ₹1,63,95,064 | ₹21,62,576 |
| Monthly EMI | ₹51,549 | ₹48,795 | ₹2,754/month |
| Total Interest Paid | ₹1,25,57,640 | ₹1,04,68,864 | ₹21,62,576 |
Key Findings
- Monthly Savings: ₹2,754 reduction in EMI.
- Total Savings: ₹21.63 lakhs over the loan tenure.
- Effective Interest Rate Reduction: From 9.70% to 9.10%, offering moderate cost reduction.
Must Read: When is the Right Time to go for a Balance Transfer?
Home Loan Balance Transfer Interest Rates by Top Banks
| Bank | Transfer Rate |
|---|---|
| SBI | 8.50% p.a. onwards |
| HDFC Ltd | 8.75% p.a. onwards |
| LIC Housing Finance Ltd | 9.10% p.a. onwards |
| Axis Bank | Contact the bank |
| Bank of Baroda | 8.85% p.a. onwards |
| Canara Bank | 8.80% p.a. onwards |
| Union Bank of India | 9.00% p.a. onwards |
| IDFC First Bank | 8.85% p.a. onwards |
| Federal Bank | 8.80% p.a. onwards |
| Karur Vysya Bank | 9.00% p.a. onwards |
| Tamilnad Mercantile Bank | 9.45% p.a. onwards |
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Frequently Asked Questions
Benefits include lower interest rates, reduced EMIs, top-up loans up to ₹50 lakh, and customized repayment options.
Apply to Axis Bank, submit documents, get loan approval, and Axis Bank pays off your old lender. Your documents are then transferred to Axis Bank.
Floating-rate loans have no foreclosure charges; fixed-rate loans may have 1–3% prepayment penalties.
You need KYC, income proof, property papers, existing loan statements, and a foreclosure letter.
Yes, Axis Bank offers top-up loans up to ₹50 lakh along with the balance transfer, based on eligibility.
Use Axis Bank’s home loan balance transfer calculator to compare EMIs and interest payments before and after the transfer.
Yes, customers who have purchased an under-construction property can avail a balance transfer loan from Axis Bank.
Yes, Axis Bank offers balance transfer options for NRIs, PIOs, and OCIs at attractive interest rates.
The duration can vary, but typically, the process takes about 5–7 working days after submission of all required documents and approvals.
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