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Eligibility Criteria for Axis Bank Home Loan

Before applying for an Axis Bank home loan, it’s important to understand the eligibility criteria. Here’s a quick overview of the key factors that determine your eligibility for a home loan with Axis Bank.

Criteria	Salaried Applicants	Self-employed Applicants
Age Range	21 to 65 years	21 to 65 years
Nationality	Indian/NRI/PIO	Indian/NRI/PIO
Minimum Monthly Income	As per bank’s norms	As per bank’s norms

Additional Eligibility Criteria:

• Indian residents and Non-Resident Indians (NRIs) aged 21 to 65 years.
• Co-applicants should be aged 21 to 70 years.
• Minimum Employment History: 2 years for salaried and 5 years for self-employed.

Axis Bank Home Loan Rates

Axis Bank offers a diverse range of home loan products to cater to various needs. Understanding the interest rates is crucial when considering your home financing options. Here’s a quick overview of the interest rates for 2024 based on credit scores:

Standard Home Loan Interest Rates

Bureau Score	Salaried Rate of Interest	Self-employed Rate of Interest
751 and above	8.75% p.a.	9.10% p.a.
700-750	9.50% p.a.	9.50% p.a.
Below 700	9.65% p.a.	9.65% p.a.

Axis Bank Home Loan Processing Fee and Charges

Entity Type	Processing Charge
Individuals	Up to 1% of loan amount, Min ₹10,000
Prepayment Charges (Floating)	Nil
Prepayment Charges (Fixed)	2% of the principal outstanding
Penal Interest Rate	24% p.a., 2% per month
Switching Fees (Base to MCLR)	No fees (if effective rate remains the same)
Switching Fees (Floating to Fixed)	1% on the outstanding principal, Min ₹10,000
Switching Fees (Fixed to Floating)	2% on the outstanding principal
Cheque Return Charges	₹500 per instance
CERSAI charges	₹50 (loans up to ₹5 lakh), ₹100 (loans above ₹5 lakh)
Loan Cover/ Insurance	Compulsory

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Axis Bank Home Loan Documents

Before applying, it’s important to gather all the necessary documents to ensure a smooth application process. Axis Bank requires the following key documents:

Identity Documents

Document Name	Salaried Applicants	Self-employed Applicants
Proof of Identity	✔	✔
Address Proof	✔	✔
Age Proof	✔	✔
Passport-sized Photographs	✔	✔

Proof of Income

Document Name	Salaried Applicants	Self-employed Applicants
Salary Slips	✔	✖
Bank Statements	✔	✔
IT Returns	✔	✔
Form 16	✔	✖
Profit & Loss Account	✖	✔
Balance Sheet	✖	✔

Other Documents

Document Name	Salaried Applicants	Self-employed Applicants
Application Form	✔	✔
Processing Fee Cheque	✔	✔
Details of Current Employment	✔	✖
Business Profile	✖	✔
Details of Shareholders	✖	✔
Details of Directors	✖	✔

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Axis Bank Home Loan Schemes and Top Plans

Comparison

Feature	Standard Home Loan	Shubh Aarambh Home Loan	QuikPay Home Loan	Fast Forward Home Loan	Asha Home Loan	Super Saver Home Loan
Minimum Loan Amount	₹3 lakh	₹1 lakh	₹3 lakh	₹30 lakh	₹1 lakh	₹3 lakh
Maximum Loan Amount	₹5 crore	₹30 lakh	–	–	₹35 lakh	–
Interest Rate	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	8.80% p.a. onwards	8.75% p.a. onwards
Tenure	Up to 30 years	Up to 20 years	Up to 30 years	Up to 20 years	Up to 30 years	Up to 20 years
Eligible Applicants	Salaried/Self-employed	Salaried/Self-employed	Salaried/Self-employed	Salaried/Self-employed	Salaried/Self-employed	Salaried/Self-employed

Details

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Axis Bank Home Loan Application Process

Applying for an Axis Bank home loan is a straightforward process:

1. Check Eligibility: Verify that you meet the eligibility criteria for your selected loan product.
2. Collect Documents: Gather all the required documents.
3. Visit a Local Branch: Visit your nearest Axis Bank branch and fill out the application form.
4. Submit Documents: Submit your application along with the required documents.
5. Application Review: The bank will review your application and documents.
6. Loan Approval: Upon approval, your loan will be sanctioned, and you can start your homeownership journey.

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How to Download Axis Bank Home Loan Statement?

Downloading your Axis Bank is quick and easy, allowing you to access your loan details and track your payments online.

1. Access the Digital Portal: Log in to the Axis Bank internet banking or mobile app.

2. Navigate to Home Loans: Select the “Home Loans” option from the menu.

3. Locate the Statements Section: Find and click on the “Statements” tab under home loans.

4. View Home Loan Statement: Open the latest home loan statement to view details.

5. Verify the Statement: Check for accuracy in loan details, payments, and interest calculations.

6. Understand the Statement Details: Review principal, interest, outstanding balance, and payment history.

7. Print and Store the Statement: Download and print for records or future reference.

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Axis Bank Home Loan Customer Care

To facilitate effective communication with customers, in addition, Axis Bank offers various channels for customer support.

Service	Contact Information
Email ID	customer.service@axisbank.com
Toll-Free Number	18604195555,  18605005555
Text Message	SMS “HELP” to 5676782
Official Address	Axis Bank Limited, 1st Floor, Axis House, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400025
Website	axisbank.com
Online Form	Register complaints through the Online Web Form.

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Comparison

You can also compare the home loan rates of different banks here. For detailed comparison between top banks you can visit our compare banks page.

Bank	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI Bank	8.50% p.a. onwards	8.5% p.a. onwards	8.50% p.a. onwards
HDFC Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
LIC Bank	8.50% – 10.35% p.a.	8.50% – 10.55% p.a.	8.50% – 10.75% p.a.
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
Punjab National Bank	8.50% – 11.05% p.a.	8.50% – 11.05% p.a.	8.50% – 11.05% p.a.
Bank Of Baroda	8.40% – 10.65% p.a.	8.40% – 10.65% p.a.	8.40% – 10.90% p.a.
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Axis Bank	8.75%-10.30% p.a.	8.75%-10.30% p.a.	8.75%-10.30% p.a.
Bank of India	8.40% p.a onwards	8.40% p.a onwards	8.40% p.a onwards
TATA Capital	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards

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