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Product Details
Bank Name

Axis Bank

Maximum Loan Tenure

30 years.

Maximum Loan Amount

INR 5 Crore

Interest Rate



Fixed and Floating

Axis Bank Home Loan
Down Payment

For home loan upto INR 30 Lakhs: 10%
For home loan above INR 30 Lakhs upto Rs. 75 Lakhs: 20%
For loan above INR 75 Lakhs: 25%

Fees and Charges

Processing fee:1% of the loan amount
Prepayment charges for floating rate: NIL
Penal Interest On Late Payment:@24% per annum i.e. @ 2% per month on the overdue installment/s
Legal Fee: At actuals.
Stamp Duty And Registration Charges: At actuals.

Minimum CIBIL Score

Not specified.

Down Payment and Fees
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Axis Bank Home Loan

Special Features

No penalty on prepayment of loan.

Eligibility Criteria

The eligibility criteria for Axis Bank Home Loans depend on several factors, but here's a breakdown of the key requirements:

Income and Employment:

  • Minimum Salary: Axis Bank typically requires a minimum monthly salary of Rs. 21,000 for salaried individuals and Rs. 25,000 for self-employed individuals. However, this can vary depending on the loan program and location.

  • Income Stability: Consistent income and a good employment track record are crucial.


  • Minimum Age: Applicants must be at least 21 years old at the time of loan commencement.

  • Maximum Age: This generally ranges from 60 to 70 years or superannuation, whichever is earlier, at the time of loan maturity.

Credit Score:

  • Maintaining a good credit score (ideally above 750) is essential for securing favorable interest rates and terms.


  • The property you wish to purchase must be located within an area serviced by Axis Bank and approved by the bank.

  • Construction quality and resale value might be considered.

Additional factors:

  • Debt-to-Income Ratio (DTI): Your monthly debt obligations divided by your gross monthly income should be ideally below 50%.

  • Guarantor: In some cases, the bank may require a guarantor who meets specific eligibility criteria.

Specific Eligibility Details:

  • Some Axis Bank Home Loan programs like Shubh Aarambh, specifically for first-time homebuyers, might have slightly different eligibility criteria.

  • Always consider the purpose of your loan (purchase, construction, etc.) as it can influence eligibility.

Special Concession
Home Saver Option


Features, Eligibility and Concession
  • Flexibility in terms of tenure.

  • High maximum loan amount.

  • No penalty in case of pre payment for floating rate loan.

  • Axis bank has a very wide network. 

  • You can choose between fixed and floating rate.

  • High processing fee in comparison to PSU banks. 

  • No home saver option.

Pros & Cons
Application Procedure

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