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Axis Bank Home Loans

Do you have a dream of becoming a homeowner? An Axis Bank home loan can make your dream come true. Axis Bank home loans come with loads of benefits and features than you can imagine.

About Axis Bank Home Loans



Axis Bank home loans are available from two divisions of the bank - personal banking division and priority banking division. Home loan offered by the personal banking division of Axis Bank is known as Power Home Loan. A Power Home Loan essentially carries the following features:

  • Balance Transfer facility
  • Attractive interest rates
  • Nil Prepayment charges
  • Doorstep service

There is no prepayment penalty applicable for Power Home Loans offered by Axis Bank. Special advantages are offered to priority banking customers.



Purposes of Axis Bank Home Loans



You can take out an Axis Bank home loan for any of the purposes given below:

  • Buying a parcel of land and building a house on that land
  • Building a house on a parcel of land which you already own
  • Buying a new flat/house
  • Buying an old flat/house. The remaining age of the property as calculated by the paneled appraisers of Axis Bank at the time of the maturity date of the loan must not be lower than 10 years
  • Extension/Revamp/Maintenance of a flat or house which you already own
  • Acquiring your current housing loan


Eligibility Criteria for Axis Bank Home Loans

Given below are the eligibility requirements for the home loans offered by Axis Bank:

A) Salaried Individuals

  • Any person who is doing a permanent job in a prestigious company or Government can apply.
  • The age of the applicant in every circumstance should be more than 24 years at the time of beginning of the loan and up to 60 years or superannuation, whichever comes in the first place at the time of maturity date of the loan.

B) Self Employed Individuals

  • Any person who is filing Income Tax returns are eligible to apply
  • The applicant in every circumstance should be more than 24 years of age at the time the loan commences and up to 65 years or less at the time when the loan becomes due for payment

C) Professionals

  • Professionals (i.e. engineers, doctors, architects, dentists, cost accountants, chartered accountants, management consultants and company secretaries only) are eligible to apply for these loans
  • The applicant should be more than 24 years of age at the time the loan starts and up to 65 years or less when the loan matures

Documentation requirements for Axis Bank Home Loans

If you want to take out an Axis Bank home loan, then you need to furnish the following documents:

Purpose Salaried Individuals Others
Proof of income Most recent salary slip demonstrating all deductions or Form 16 together with latest salary certificate Income Tax returns for the past 2 years and calculation of income for the past 2 years approved by a Chartered Accountant
Proof of identity Voter's ID card or PAN card or driving license or employees ID card or photo credit card or police or defense or government department ID card Voter's ID card or PAN card or driving license or photo credit card
Pass Book or Bank statement where income or salary is credited Last 6 months Last 6 months
Proof of residence Bank account statement or recent mobile or telephone bill or most recent electricity bill or recent LIC policy or insurance premium receipt or recent credit card statement or employer’s letter acknowledging the present mailing address or recent NSC or other similar instruments showing the address or current house lease contract Bank account statement or recent mobile or telephone bill or recent electricity bill or recent LIC policy or insurance premium receipt or recent credit card statement or recent NSC or other similar instruments showing the address
Guarantor form Optional Optional


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