Axis Bank understands that property ownership serves two vital functions: securing a comfortable home and enabling a promising investment. By financing up to 90% of your property’s cost at competitive rates starting at 8.75% p.a., Axis Bank provides a reliable, convenient path to homeownership—equally appealing to residents and investors alike.
Axis Bank Home Loan Interest Rates by Employment
Axis Bank adjusts home loan interest rates based on whether you’re salaried, self-employed, or have a professional practice. Below is a quick look at how your employment type can influence your rate.
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. |
Check Out: Axis Bank Home Loan EMI Calculator
How to Get Lowest and Best Axis Bank Home Loan Interest Rates?
- Aim for a 750+ Credit Score to secure preferential rates.
- Select the Right Axis Bank Scheme that matches personal requirements for cost efficiency.
- Leverage Special Concessions offered to government employees, women borrowers, and defense personnel.
- Use the Check-Off Facility for direct salary deductions, which may lower interest rates.
- Make a Higher Down Payment to reduce the principal and potentially get better terms.
- Watch Out for Festive Offers or promotional discounts from Axis Bank.
- Keep Income Documents Updated for quicker approvals and more favorable rates.
- Maintain Steady Employment to boost financial credibility and rate eligibility.
- Build a Strong Relationship with Axis Bank for possible preferential pricing.
- Always Negotiate to explore discounts on interest rates or processing fees.
Read More: Documents Required for Axis Bank Home Loan
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting – Protection against rising interest rates | – Typically, higher rates compared to floating – No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall – Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions – Costs may rise if rates increase |
| Hybrid | Combination of fixed and floating phases. | – Stability in the initial fixed period – Potential cost savings in the variable phase | – Transition from fixed to floating can carry uncertainties – May incur a shift-related fee |
Read More: CIBIL Score Required for Axis Bank Home Loan
How to Download Axis Bank Home Loan Interest Certificate?
Time needed: 2 minutes
Through the Axis Bank Website:
- Visit the official Axis Bank website.
- Navigate to the “Bank Smart” section.
- Select “E-statement” and open the “Downloads” page.
- Download the “Customer Request Form” to access your e-statement.
Through the Axis Bank Mobile App:
- Log in to the Axis Bank mobile app.
- Go to the “More” section and select “Services.”
- Under the “Loans” category, click on “Statement of Account” and download it.
Through Internet Banking:
- Log in to your Axis Bank internet banking account.
- Navigate to the “Loans” section and choose “Services.”
- Select “Statement of Account” and download it.
Secure the Lowest Axis Bank Home Loan Interest Rates with Credit Dharma
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions
Axis Bank offers home loans starting from 8.75% p.a. onwards.
Yes, you can switch between fixed and floating interest rates. A conversion fee of 2% of the outstanding loan amount applies for fixed to floating conversions, while a 1% fee applies for floating to fixed conversions.
Axis Bank does not specify a minimum credit score. However, a credit score of 700 or above increases your chances of approval and may help you secure lower interest rates.
Yes, having a co-applicant is mandatory. The co-owner of the property must be the co-applicant. If there is no co-owner, an immediate family member can be the co-applicant.
Yes, you can prepay your Axis Bank Home Loan. For loans with a fixed interest rate, a prepayment fee of 2% on the outstanding principal is applicable. No prepayment charges apply for loans with floating interest rates.
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