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Product Details
Bank Name

Axis Bank Limited

Maximum Loan Tenure

30 years.

Maximum Loan Amount

INR 5 crore

Interest Rate



Fixed rate for initial two years and floating rate for the balance loan tenure.

Power Advantage Home Loan
Down Payment

For home loan upto Rs. 30 Lakhs - 10%
For home loan above Rs. 30 Lakhs upto Rs. 75 Lakhs - 20%
For loan above Rs. 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
Apply Now

Power Advantage Home Loan

Special Features

Interest rate is fixed for initial two years and is floating rate thereafter. 

Eligibility Criteria

The eligibility criteria for Axis Bank Power Advantage Home Loan can vary depending on your employment type and location, but here's a general overview:

General Eligibility:

  • Minimum Age: 21 years

  • Maximum Age: 60 years at loan maturity (can be 58 years for self-employed professionals)

  • Employment Type: Salaried individuals and professionals are eligible.

  • Minimum Combined Income: Rs. 8,000 per month for salaried individuals and Rs. 10,000 per month for professionals.

  • Location: The property should be located in a designated urban or semi-urban area.

Specific Requirements:

  • Salaried Individuals:Latest salary slips (3 months)
    Form 16 (last 2 years)
    Employer letter confirming current employment
    Bank statements reflecting salary credit for the past 6 months

  • Professionals:Income Tax Returns (ITRs) for the past 3 years
    Proof of practice/registration
    Bank statements reflecting practice income

Additional Eligibility:

  • Clean credit history: No defaults or outstanding dues with any financial institution.

  • Minimum loan tenure: 20 years.

  • Completion of KYC formalities: You need to submit all necessary documents to verify your identity and address.


  • You can include co-applicants to improve your loan eligibility by combining incomes and credit scores.

Special Concession


Home Saver Option


Features, Eligibility and Concession
  • No change in rate / EMI during the first two years of loan tenure Loans upto 

  • INR 5 Cr maximum loan amount.

  • Tenure of 30 years.

  • Nil prepayment charge for floating interest rate loans. 

  • Door step servicing. 

  • Axis bank has a wide network.

  • No home saver option. 

  • High processing fee in comparison to PSU banks.

Pros & Cons
Application Procedure

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