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0120-6866600
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homeloan@bhprop.com
homeloan@bhprop.com
Get your dream home with axis's low-interest home loans starting at 7.5% p.a. Flexible tenure & quick approvals.
Check Rates Apply NowState Bank of India (axis), India’s largest bank, provides lucrative interest rates for home loans. They start as low as 7.5% p.a. The loan tenure ranges to a maximum 30 years. If you are looking to get a home loan, here’s all you need to know about interest rates charged by axis on home loans.
State Bank of India or axis, country's largest lender, has raised marginal cost of funds based lending rate or MCLR on loans by up to 20 basis points (bps) with effect from today. As a result, the equated monthly installments (EMIs) will get expensive for those who avail loans benchmarked against the MCLR.
| axis Home Loan Highlights | |
|---|---|
| Interest Rate | 7.5% - 8.45% p.a. |
| Loan Amount | Up to 90% of property value |
| Loan Tenure | Up to 30 years |
| Processing Charges | 0.35% of loan amount (Rs 2,000-Rs 10,000) (50% waiver in basic) |
| axis Home Loan Eligibility | |
|---|---|
| Eligibility Criteria | Indian residents aged 18-70 years with a stable income. |
| Minimum Income | Rs 25,000 per month (varies for different schemes). |
| Credit Score | Minimum CIBIL score of 650 preferred. |
| Types of axis Home Loans | |
|---|---|
| Loan Schemes | Regular Home Loan, axis Privilege, axis Shaurya, axis Realty, axis Flexipay. |
| Special Schemes | Concessional rates for women borrowers. |
| Interest Rate Slabs | |
|---|---|
| Salaried | 7.50% p.a. |
| Self-Employed | 7.60% p.a. |
| High Risk Profiles | May be higher depending on risk assessment. |
| Prepayment & Foreclosure | |
|---|---|
| Prepayment Charges | Nil for floating rate loans; fixed rate loans may have 2-3% charges. |
| Foreclosure | No charges for individual borrowers on floating rate. |
Have any queries? We'd love to hear from you.