Axis Finance Home Loan
With over 60K happy customers, Axis Housing Finance has empowered aspiring homeowners to buy their dream homes. Axis Finance has undoubtedly emerged as one of the highest-rated NBFC companies with faster processing through a seamless digital process. The Axis Finance Home Loans start at an interest rate of 16.15% at a processing fee of up to 2% of the loan amount. The maximum loan repayment tenure is 30 years. Axis Home Finance offers a variety of housing loan schemes to interested applicants, such as home loans to purchase residential plots, construction of new houses, and extension or renovation of houses.
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Axis Finance Home Loan Key Highlights
Get the lowest interest rates with Axis Housing Finance
| Loan Amount | Up to Rs. 10 crores |
|---|---|
| Rate of Interest | Starts at 16.15% per annum |
| RPLR | |
| Processing Fee |
Up to 2% of the loan amount + GST |
| Maximum Tenure for Repayment | 30 years |
| Penal Rate of Interest | |
| Rate Packages | Floater/ Fixed |
| Charges for Prepayment/Foreclosure | Nil |
Axis Finance Home Loan Interest Rates in 2024
Axis Finance home loan interest rate is based on various factors and is not limited to tenure, external credit rating, regulatory policies, inherent credit, cost of funds, etc. At present, the AFLRR or the Axis Finance Limited Reference Rate starts at 16.15% per annum. The table below shows the current Axis Finance home loan interest rate 2023:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Floater Plan (For Salaried) | Starting at 16.15% per annum |
| Floater Plan (For Self Employed) | Starting at 16.15% per annum |
| Fixed Plan (For Salaried) | Starting at 16.15% per annum |
| Fixed Plan (For Self Employed) | Starting at 16.15% per annum |
Interest rates were last updated on 28th September 2023
Axis Finance Home Loan Eligibility Criteria
Axis Finance home loan eligibility is based on factors such as age, nationality, minimum income earned and work experience. Both salaried and self-employed can apply for various housing loans from AFL. The table below highlights all the main eligibility criteria for Axis Finance home loans:
| Eligibility Parameters | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
| Age Range (in years) | 21 - 60 Years | 21 - 60 Years |
| Nationality | Indian Resident | Indian Resident |
| Minimum Income Earned | Rs. 15,000 per month | Nothing Specific |
Axis Finance Housing Loan Processing Fee and Charges
Apart from the interest, the NBFC charges some processing fee, foreclosure/ pre-payment charges, cheque swap charges, and other services. The Axis Finance home loan processing fee is up to 2% of the loan amount plus GST. The table below highlights the fees levied by Axis Finance Limited on housing loan schemes:
| Processing Fee | Up to 2% of the loan amount + GST |
|---|---|
| Foreclosure/ Prepayment Charges | Nil |
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Axis Finance Home Finance Schemes and Top Plans
Axis Finance Housing Limited understands the verified needs of aspiring and existing homeowners. To help them meet their housing financial needs, the NBFC offers the following home loan schemes:
1. Plot Purchase Home Loans
- Best scheme to purchase a plot where you can build a home
- Affordable rate of interest
- Faster loan processing
2. Balance Transfer Home Loans
- Flexible option to transfer the existing outstanding loan amount to AFL
- Additional top-ups available
- Lower interest rates
3. Home Renovation/ Extension Loans
- Ideal housing loan scheme to extend or renovate a home by adding a floor, room, or balcony
- Loan amount up to Rs. 10 crores
- Maximum loan repayment tenure up to 30 years
Note: All of the above home loan plans are made available to applicants solely at the discretion of Axis Housing Finance, taking into consideration the earning and repayment capacity of the applicant.
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Documents Required For Axis Finance Home Loan
To get easy home loans from the NBFC, applicants must submit all the relevant documents to prove their age, income, nationality, and employment status. Shared below is the complete Axis Finance home loan documents required list for your reference:
Documents Required for Salaried Applicants
- Salary slips for the last 3 months
- Form 16 for the last 2 years
- Bank statements where salary is credited for the last 6 months
- Duly filled and signed application form with a passport-size photograph
- A processing fee cheque in favor of Axis Finance Limited Home Loans
Documents Required for Self-Employed Applicants
- Business Address Proof
- Profit and Loss Account Statements attested by a CA
- Balance sheet for the past 3 years
- Latest ITR
- Form 16
- Bank statements where business income is credited for the last 12 months
- Duly filled and signed application form with a passport-size photograph
- A processing fee cheque in favor of Axis Finance Limited Home Loans
- Bank Statements showing repayment of any ongoing loan for the last 6 months
Common Documents Required from Both Salaried and Self-Employed Applicants
| Type of Document | Documents Required |
|---|---|
| Identity & Address Proof | Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card |
| Documents Related to Property |
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Find Axis Finance Limited Home Loan Offices Near You
If you are planning to visit one of the offices of Axis Finance Limited Home Loans near you to understand the Axis Finance Limited Home Loan Offer in detail and apply for the Home Loan, you can simply fill in the Free Consultation form, and the team of BASIC Home Loan will reach out to you for needful assistance in the process.
Interest rates and fees on home loans vary based on eligibility and lender criteria. All applicable fees and charges are subject to relevant taxes and can change at the lender’s discretion. For the most current information on home loan interest rates, processing fees, other applicable charges, and updates on eligibility criteria and loan offers, please visit the official website of the bank.
FAQs
The current interest rate of an Axis Finance home loan starts at 16.15% per annum. However, we recommend you verify the same from the official website of the NBFC.
Axis Finance Limited is one of the top-rated NBFCs in India that has been lending money to eligible borrowers in a hassle-free manner.
Axis Finance is a wholly-owned subsidiary of Axis Bank. It was started with the aim of providing financial solutions to the unique needs of customers efficiently.
Axis Finance Limited doesn’t charge anything for foreclosure or prepayment of a home loan.
The processing fee for an Axis Finance Housing Loan is up to 2% of the loan amount plus GST.
An interesting applicant must fulfil the following eligibility criteria to apply for a home loan at AFL:
- Age: 21- 60 years
- Nationality: Indian Resident
- Employment Status: Stable employment in a public, private, or government organisation
- Minimum Monthly Salary: Rs. 15,000
Eligible applicants can fetch home loans up to Rs. 10 crores from Axis Finance Limited.
Axis Finance Limited offers varied housing loans to eligible applicants like:
- Plot Purchase Home Loans
- Balance Transfer Home Loans
- Home Renovation/ Extension Loans