Axis Bank offers a home loan balance transfer solution designed to provide financial flexibility with competitive rates starting at 8.75% p.a. This facility allows borrowers to transfer up to 90% of their property value with a repayment tenure extending to 30 years, ensuring lower and affordable EMIs, accompanied by top-up options and no prepayment penalty.
Axis Bank Home Loan Balance Transfer Highlights
| Aspect | Highlights |
|---|---|
| Interest Rates | 8.75% p.a. onwards |
| Tenure | 30 years |
| Maximum Loan Amount | 90% of the value of the property |
| Processing Fees | 1% of the loan amount + GST (Minimum ₹10,000) |
Axis Bank Home Loan Balance Transfer Interest Rates 2025
Axis Bank offers home loans at interest rates starting from 8.75% p.a. These rates vary based on factors such as CIBIL score, loan amount, occupation profile, and the specific home loan scheme you choose.
Axis Bank Home Loan Interest Rates by CIBIL Score
| CIBIL Score | Salaried | Self Employed |
|---|---|---|
| 751 and Above | 8.75% p.a. onwards | 9.10% p.a. onwards |
Axis Bank Standard Home Loan Interest Rates (Vanilla Home Loan)
| CIBIL Score | Salaried |
|---|---|
| No CIBIL Score | 9.30% p.a. onwards |
| 700 and Above | 9.65% p.a. onwards |
| 700 – 750 | 9.50% p.a. onwards |
| 751 and Above | 8.75% p.a. onwards |
Axis Bank Fixed Home Loan Interest Rates
| CIBIL Score | Salaried |
|---|---|
| Fixed Rate Loans | 14.00% p.a. onwards |
Axis Bank Asha Home Loan Interest Rates
| Home Loan Amount | Salaried | Self Employed |
|---|---|---|
| Any Amount | 10.50% p.a. – 12.85% p.a. | 12.00% p.a. – 13.30% p.a. |
Suggested Read: Will Home Loan Interest Rates Go Down in 2025
Axis Bank Home Loan Balance Transfer: Processing Fees and Other Charges
Axis Bank takes processing fees to cover the cost of reviewing your documents and assessing your loan application. Besides processing fees, borrowers may also have to pay administrative costs, legal fees, and prepayment charges.
Processing Fees
| Fees | Amount |
|---|---|
| Processing Fees | 1% of the loan amount + GST (Minimum ₹10,000) |
| Upfront Processing Fees | ₹5,000 (collected at the time of application, balance fee will be collected at the time of disbursement) |
Other Fees and Charges
| Charges Category | Fees |
|---|---|
| Repayment Instruction / Instrument Return | ₹339 /- per instance |
| Admin Charges | ₹0 |
| Duplicate Statement Issuance Charges | ₹250 /- per instance |
| Issuance Charges for Photocopy of Title Documents | ₹500 /- per document set |
| Charges of Customer-Initiated Requests for Copies of Documents | ₹500 /- per document set |
| Prepayment Charges for Floating Rate Loan | NIL |
| Equitable Mortgage Creation Charges | As applicable in the state |
| Issuance Charges of Credit Report | ₹50 /- per instance |
| Cheque / Instrument Swap Charges | ₹500 /- per instance |
| Duplicate Amortization Schedule Issuance Charges | ₹250 /- per instance |
| Duplicate Interest Certificate Issuance Charges | ₹50 /- per instance |
| Prepayment Charges for Fixed Rate Loan | 2% of outstanding principal / amount prepaid |
| Duplicate No Dues Certificate / NOC | ₹50 /- per instance |
| CERSAI Charges (Loans up to 5 lakhs) | ₹50 |
| CERSAI Charges (Loans above 5 lakhs) | ₹100 |
| Penal Charges | 8% p.a. above applicable interest rate on overdue amount |
| CERSAI Charges | Loan up to ₹5 Lakh: ₹50Loan Above ₹5 Lakh: ₹100 |
Suggested Read: Axis Bank Home Loan Top Up
Axis Bank Home Loan Balance Transfer: Documents Required
When applying for a home loan balance transfer with the Axis Bank, you will need to provide specific documents that verify your identity, income, and property details. Below is a detailed list:
| Category | Details |
|---|---|
| For Balance Transfer / Takeover of Loan from Other Bank / Financial Institution | 12 months loan account statement with latest outstanding letter |
| Existing loan details and 6 months bank statement from where EMI is deducted |
Proof of Income
| Salaried | NRI Salaried | Self-Employed |
|---|---|---|
| 3 months pay slip | 3 months pay slip | 2 years ITR, Computation of Income, P&L, Balance Sheet with CA seal and sign |
| 6 months pay slip/2 years bonus proof (in case of variable pay) | Appointment letter/contract letter | For Asha HL – 1 year ITR, Computation of Income, P&L, Balance Sheet with CA seal and sign |
| 6 months bank statement showing salary credits | Continuous Discharge Certificate for Shipping cases | Tax Audit Report (if gross turnover exceeds ₹1 crore or gross receipts exceed ₹25 lakh) |
| 2 years Form 16 (or employment continuity proof) | 6 months Domestic NRE/NRO account statement | 6 months bank statements of personal and business accounts |
| 6 months international salary account statement | CPC and tax paid challan | |
| Overseas credit report | Atleast 3 years of business continuity proof | |
| Valid visa copy/OCI card | ||
| Passport copy | ||
| POA details |
Other Important Documents
| Other Documents |
|---|
| Completely filled and duly signed application form along with all applicants’ latest passport size photo |
| Aadhar card is mandatory for Credit Linked Subsidy Scheme (PMAY) applicants |
| PAN card is mandatory for all financial applicants |
| Processing Fee and CERSAI cheques |
| Self-attestation of borrowers on all documents submitted |
Suggested Read: Axis Bank Home Loan CIBIL Score
Axis Bank Home Loan Balance Transfer: Eligibility Criteria
| Aspect | Salaried Individuals | Professionals | Self Employed |
|---|---|---|---|
| Age | 21 years – 65 years | 21 years – 65 years | 21 years – 65 years |
| Work Experience | Stable employment history | Consistent income | Consistent income through tax returns. |
| Work History | Government sectors or reputed companies. | Doctors/ Lawyers/ Chartered Accountants/ Management Consultants | Business owners or entrepreneurs |
Suggested Read: Axis Bank Home Loan Statement Download
Axis Bank Home Loan Balance Transfer Loan Amount
Axis Bank home loan balance transfer offers loan amounts that cater to various financial situations.
| Aspect | Loan Amount |
|---|---|
| Minimum | Rs. 3 Lakh |
| Maximum | Contingent on Repayment Capacity |
Suggested Read: Axis Bank Home Loan Prepayment Charges
Home Loan Balance Transfer Interest Rates by Top Banks
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| LIC Housing Finance | 8.50% – 11.25% 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 |
| PNB Housing Finance | 8.50% – 14.50% p.a. | 8.50% – 14.50% p.a. | 8.50%-11.45% p.a. |
| Punjab National Bank | 8.45% – 10.25% p.a. | 8.40% – 10.15% p.a. | 8.40% – 10.15% p.a. |
| Bank of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards |
Conclusion
Credit Dharma is your trusted partner for securing the best Axis Bank Home Loan Balance Transfer offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.
Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
- Maximum Funding: Get up to 100% funding for your dream home.
- Simple & Digital Process: No tedious paperwork or branch visits.
- Expert Guidance: Lifetime support from our team of specialists.
Compare, choose, and secure the best Axis Bank Home Loan Balance Transfer offer with Credit Dharma — your home loan journey.
Frequently Asked Questions
Transferring your home loan to Axis Bank can offer reduced interest rates, flexible loan terms, customizable repayment options, and the possibility of an additional top-up loan at competitive rates.
Salaried individuals, professionals, and self-employed individuals filing Income Tax Returns are eligible. Applicants should be between 21 and 60 years old for salaried individuals, and up to 65 years for self-employed individuals.
Begin by calculating potential savings using Axis Bank’s Balance Transfer Calculator. Then, apply online or visit a branch, submit the necessary documents, and upon approval, Axis Bank will handle the closure of your existing loan.
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