Axis Home Loan Interest Rate

You dream it, and Axis Bank will help you fulfill it by providing you with home loans to own a dream home in any popular Indian city. Axis Bank has become the first choice for many aspiring homeowners to get a housing loan scheme, offering a host of benefits and flexible EMI repayment options. The Axis home loan interest rate is competitive with several other top banks and NBFCs in India. Axis Bank home loan interest rate starts at 9.00% p.a. for a floater and 14.00% p.a. for a fixed-rate basis. The processing fee charged for each home loan application is up to 1.00% of the loan amount plus GST, which is subject to a minimum of Rs. 10,000. The minimum loan amount for an Axis home loan starts at Rs. 3 lakhs and goes up to Rs. 5 crores. The maximum loan repayment tenure is up to 30 years. Both salaried and self-employed applicants can easily apply for Axis home loans with minimum documentation.

 

Axis Bank EMI Calculator

Avoid confusion get it right with BASIC

1 Lac10 cr
0%20%
130

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

Appy for Axis home loans at low interest rate
Apply Now

Axis Bank Home Loan Key Highlights

Amount of Loan Up to Rs. 5 crore
Rate of Interest 9.00% p.a. - 14.00% p.a.
Processing Fees

Up to 1% of the total loan amount + GST (Minimum of Rs. 10,000)

Max Tenure for Loan Repayment 30 years

Axis Home Loan Interest Rates in 2024

Axis Bank offers all kinds of home loan schemes at affordable interest rates, starting at 9.00% per annum for a floater rate basis and 14.00% per annum for a fixed rate basis. The tables given below enlist the Axis home loan interest rate 2023 for different categories of loan applicants.

Loan Category Rate of Interest on Home Loan
Floater Rate 9.00% - 9.40% p.a. (Salaried) | 9.10% - 9.40% p.a. (Self-Employed) 
Fixed Rate 14.00% p.a. (Salaried) | 14.00% p.a. (Self-Employed) 
Appy for Axis home loans at low interest rate
Apply Now

Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants

Retail Prime Lending Rate: 10.50% - 10.95% p.a.

Loan Category Rate of Interest on Home Loan (p.a.)
Floater Rate (Salaried) Policy Repo Rate + 2.50% to Repo Rate + 2.90% = 9.00% - 9.40% p.a. 
Floater Rate (Self-Employed) Policy Repo Rate + 2.60% to Repo Rate + 2.90% = 9.10% - 9.40% p.a. 
Fixed Rate (Salaried/ Self-Employed) Repo Rate + Spread = 14.00% p.a. 

Axis Asha Home Loan Interest Rates

Loan Category Rate of Interest on Home Loan (p.a.)
Floater Rate 10.50% - 12.85% p.a. (Salaried) | 12.00% - 13.30% p.a. (Self-Employed) 
Fixed Rate 12.50% - 14.00% (Salaried/ Self-Employed)  

Top-Up Loans Interest Rates

Top-Up for Existing Bank Customers (Floater) 10.50% p.a. onwards (Salaried) | 10.90% p.a. onwards (Self-Employed)
Top-Up for Existing Bank Customers (Floater) 10.50% p.a. onwards (Salaried) | 10.90% p.a. onwards (Self-Employed) 
Top-Up for Existing Customers (Fixed) 14.00% p.a. (Salaried/ Self-Employed)) 

Interest rates were last updated on 9th October 2023

Axis Home Loan Interest Rates for All Schemes in India

Axis Bank offers a wide range of housing loan schemes to salaried and self-employed applicants in India. The table below lists some of the popular home plan schemes offered by the Axis Bank on the floater and the fixed rate of interest offered on each.

Axis Home Loan Schemes Rates of Interest for Each Plan
Axis Home Loan

Floater:

  • 9.00% p.a. Onwards (Salaried)
  • 9.10% p.a. onwards (Self-Employed)

Fixed:

  • 14.00% p.a. (Salaried/ Self-Employed)
 
Axis QuickPay Home Loan

Floater:

  • 10.50% p.a. onwards (Salaried)
  • 10.90% p.a. onwards (Self-Employed)

Fixed:

  • 14.00% p.a. (Salaried/ Self-Employed))
 
Axis Power Advantage Home Loan

Floater:

  • 10.50% p.a. onwards (Salaried)
  • 10.90% p.a. onwards (Self-Employed)

Fixed:

  • 14.00% p.a. (Salaried/ Self-Employed))
 
Axis Shubh Aarambh Home Loan

Floater:

  • 10.50% p.a. onwards (Salaried)
  • 10.90% p.a. onwards (Self-Employed)

Fixed:

  • 14.00% p.a. (Salaried/ Self-Employed))
 
Axis Fast Forward Home Loan

Floater:

  • 10.50% p.a. onwards (Salaried)
  • 10.90% p.a. onwards (Self-Employed)

Fixed:

  • 14.00% p.a. (Salaried/ Self-Employed)
 
Axis Asha Home Loan

Floater:

  • 10.50% p.a. onwards (Salaried)
  • 12.00% p.a. onwards (Self-Employed)

Fixed:

  • 12.50% p.a. - 14.00% p.a. (Salaried/ Self-Employed)
 
Axis Super Saver Home Loan

Floater:

  • 10.50% p.a. onwards (Salaried)
  • 10.90% p.a. onwards (Self-Employed)

Fixed:

  • 12.50% p.a. - 14.00% p.a. (Salaried/ Self-Employed)
 
Axis Top Up Home Loan

Floater:

  • 10.50% p.a. onwards (Salaried)
  • 10.90% p.a. onwards (Self-Employed)

Fixed:

  • 14.00% p.a. (Salaried/ Self-Employed))
 

Axis Home Loan Interest Rates for Balance Transfer, Top Up and Overdraft

In order to give its customers a seamless and overall comfortable experience, Axis Bank offers three different ways of getting additional benefits on home loans, and these are mentioned below:

Axis Home Loan Balance Transfer

Axis Bank encourages existing home loan borrowers from other lenders to transfer their outstanding loan amount to Axis Bank at a lower interest rate. For this, it offers Axis Home Balance Transfer Home Loans with minimum documentation and quick processing. The Axis Bank Balance Transfer home loan interest rate starts at 9.00% per annum. 

Axis Home Loan Top-Up

Get that additional financial help with reduced EMI repayments by opting for an Axis Bank top-up home loan. Axis Bank home loan top-up interest rate starts at 10.50% p.a. for salaried and at 10.90% p.a. for self-employed borrowers on a floater rate basis. Axis Home Loan top-up interest rate starts at 14.00% p.a. for both salaried and self-employed borrowers on a fixed rate basis. 

Axis Home Loan Overdraft Option

Axis Bank’s overdraft facility on home loans is an incredible facility that allows existing customers to get additional funds to meet their private and professional financial needs. Through this facility, the customers can enjoy reduced overall interest payable for a home loan and can invest these savings in cash to generate interest, which can be withdrawn as and when required. This Overdraft Facility is also known as the Axis Bank Super Saver Home Loan Scheme.

Appy for Axis home loans at low interest rate
Apply Now

Recent Post

post1
post1
post1
post1
post1
reach

Get a Free Consultation from BASIC Home Loan

reach

Tell us about your requirements

Compare Axis Home Loan Interest Rate with Top Banks

There can be much confusion when choosing a lender for a home loan in India. So, you are advised to compare interest rates on home loans of top banks before making a final decision. The table below highlights the interest rates and processing fees of other leading banks in India offering home loans so that you can easily compare it with the Axis Bank home loans:

Bank/NBFC Rate of Interest on Home Loan Processing Fee
HDFC Home Loan 8.50% p.a. onwards Up to 0.50% of the loan amount / Rs. 3,000 (whichever is higher) + applicable taxes
Kotak Mahindra 8.75% - 9.60% p.a. 0.5% - 1.0% of loan amount + taxes
PNB Housing 8.75% - 11.45% p.a. Up to 0.50% (Rs. 10,000 max)
Tata Capital Ltd. 8.95% - 12.00% p.a. Up to 0.25% (Rs. 3,540 max)
State Bank of India 9.15% - 12.95% p.a. Up to 0.25% (Rs. 10,000 max)
Axis Bank 8.70% p.a. onwards Up to 1% of loan amount (subject to at least INR 10,000) + GST

Axis Home Loan Balance Transfer Interest Rates

Axis Bank happily allows existing home loan borrowers from other banks and NBFCs to transfer their outstanding amount to Axis. Through the balance transfer home loans from Axis Bank, customers can reap several benefits, like reduced EMIs, lower interest rates, better customer service, and improved loan terms. 
  
Axis Bank home loan transfer interest rates for salaried and self-employed individuals range between 9.00% and 14.00% per annum for all loans. The easiest way to apply for an Axis Bank balance transfer process is as follows:

  1. Go to the Repay Right section on the BASIC Home Loan website - Repay Right
  2. In the section, fill out the provided form with all your key details on the current outstanding loan amount, existing rate of interest per annum, new rate of interest per annum, existing loan repayment tenure, and existing EMI paid on the loan amount. 
  3. Click on Next once you have entered the required details on the form.
  4. You can see your total savings with the Axis Bank Home Loan Balance Transfer option on the next page.
  5. Alternatively, you can get in touch with one of the team representatives of BASIC Home Loan, who can help maximize your savings with Axis Bank Balance Transfer on home loans.

reach reach reach reach
reach

Get Home Loan Starting at 8.5% Interest Rate from BASIC Home Loan

How to Calculate Axis Home Loan Interest Rates?

There is no need to visit the Axis Bank branch to learn about the interest rates on home loans. You can easily determine the same using the online home loan interest rate calculator available at EMI. Plan your monthly finances by using this online EMI calculator for an Axis Bank home loan. The table below provides a detailed estimate of the EMI payable and the interest rate on Axis home loans so that you get a better understanding of the same before applying for one. 

Axis Home Loan EMI Calculator 2023

Loan Amount Rate of Interest EMI for 10-Year Loan Tenure EMI for 20-Year Loan Tenure EMI for 30-Year Loan Tenure
Rs. 10 lakh 9.0% p.a. Rs. 12,668 Rs. 8,997 Rs. 8,046
Rs. 20 lakh 9.0% p.a. Rs. 25,335 Rs. 17,995 Rs. 16,092
Rs. 30 lakh 9.00% p.a. Rs. 38,003 Rs. 26,992 Rs. 24,139
Rs. 40 lakh 9.00% p.a. Rs. 50,670 Rs. 35,989 Rs. 32,185
Rs. 50 lakh 9.00% p.a. Rs. 63,338 Rs. 44,986 Rs. 40,231
Rs. 60 lakh 9.00% p.a. Rs. 76,005 Rs. 53,984 Rs. 48,277
Rs. 70 lakh 9.00% p.a. Rs. 88,673 Rs. 62,981 Rs. 56,324
Rs. 80 lakh 9.00% p.a. Rs. 1,01,341 Rs. 71,978 Rs. 64,370
Rs. 90 lakh 9.00% p.a. Rs. 1,14,008 Rs. 80,975 Rs. 72,416
Rs. 1 crore 9.00% p.a. Rs. 1,26,676 Rs. 89,973 Rs. 80,462
Disclaimer:

The figures in the table above are based on a 9.00% p.a. interest rate offered by Axis Bank. They may vary, however, based on the different interest rates offered by other banks, your monthly income, and other factors.

FAQ's

The Axis Bank home loan interest rates are determined by the benchmark rate set by the RBI. This benchmark rate is also known as the Repo Rate.

Yes, like many other leading banks and NBFCs, Axis Bank offers different home loan interest rates, such as floater and fixed rates. As the name suggests, floater tends to fluctuate during the tenure, whereas fixed tends to remain fixed during the entire loan tenure. 

There are several factors that may affect home loan interest rates and EMIs, such as:

  • Type of Interest Rate Package
  • Credit Score
  • Loan Tenure
  • MCLR Rate
  • LTV Ratio
  • Property Location
  • Applicant’s Job Profile

If you choose a fixed rate basis, the interest rate will remain fixed during your Axis home loan tenure. However, if you choose a floater rate basis, the interest rate may fluctuate during your loan tenure. 

The floater rate of interest on a home loan is subject to change time and again depending on the benchmark rate associated with the lender. But, in general, they are lower than the fixed interest rate on home loans.

Yes, a home loan borrower can swap a fluctuating floater rate home loan to a fixed interest rate basis. However, for this, the bank may charge a conversion fee of up to 1.00% of the outstanding loan amount. 

You can easily access the historical trend of Axis Bank home loans by visiting the bank branch or the bank's official website. 

Yes, all the Axis home loan schemes except the Empower Home Loan Scheme are available for salaried applicants.