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Housing Loans to help you fulfil your dream of owning a home

Home Loan Interest Rates (Mar 2025)

Knowing the Home Loan interest rates is paramount when you are planning to buy a home. The interest rate directly affects the total cost of your Home Loan and even a slight difference can add up to a significant amount of money over time. Want to stay ahead of the game and plan your dream home purchase wisely? Check out the current home interest rates here.

Interest Rates on Home Loans

Please refer the below table to view the interest rates based on the CIBIL Score for salaried and self-employed individuals.

Interest Rates (per annum)
CIBIL ScoreSalariedSelf Employed
751 and above8.75%9.10%

Note: The Home Loan interest rates listed above include various categories, such as fixed rate and floating rate, as applicable and are subject to change depending on the loan amount, tenure, customer relationship and other relevant factors.

Standard Home Loan interest rates

Interest Rates based on Credit History/Score (per annum)
No Credit HistoryLess than 700Between 700 and 750More than 751
Vanilla Home Loan (Salaried Profile)9.65%9.65%9.65%8.75%

Note: The interest rates mentioned above are subject to change at the bank's discretion. To ensure accuracy, check the current home interest rates and terms with the bank beforehand.

Fixed Home Loan interest rates

Axis Bank Fixed Home Loans come with a competitive fixed interest rate of 14.00% per annum. This fixed rate applies to all other Home Loan product variants which means you will get a predictable and stable repayment plan with no surprises along the way.

Interest rates on Asha Home Loans

Interest Rates (per annum)
Cash Salaried (salary received in cash)Bank Salaried (salary credited to bank account)Self Employed (1-year ITR)Self Employed (2-year ITR)
12.80%10.55%12.55%11.60%

Note: The interest rates mentioned above are subject to change at the bank's discretion. To ensure accuracy, check the current home interest rates and terms with the bank beforehand

Interest rates on Loan Against Property

Interest Rates (per annum)
Vanilla PSL (Priority Sector Lending)10.55% to 10.65%
All Surrogates PSL10.65% to 10.80%
Vanilla Non PSL10.55% to 10.70%
All Surrogates Non PSL10.65% to 10.85%

Note: The LAP interest rates outlined above include various categories and are subject to change based on the loan specifics, customer relationship and other relevant factors.

Home Loan interest rates fees & charges

Axis Bank's Housing Loan interest rates start from as low as 8.75% making your dream home more affordable. Apart from the interest rates, there are also other charges that you should know about.

Here are the fees and charges associated with Home Loans:

Type of ChargeCharges Applicable
Processing Charge
  • Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable)
  • An upfront processing fee of ₹5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
  • The processing fee is a non-refundable fee collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.
Admin Charges ₹0/-
Type of ChargeCharges ApplicableType of ChargeCharges Applicable
Repayment Instruction/Instrument Return ₹339/- per instance Issuance Charges of Credit Report ₹50/- per instance
Duplicate Statement issuance charges ₹250/- per instance Cheque/Instrument swap charges ₹500/- per instance
Issuance charges for Photocopy of title documents ₹500/- per document set Duplicate Amortization Schedule issuance Charges ₹250/- per instance
Charges of Customer initiated requests for copies of documents ₹500/- per document set Duplicate Interest Certificate ₹50/- per instance
  (Provisional/Actual) issuance charges  
Prepayment charges for floating rate loan (including part payment) NIL Prepayment charges for fixed rate loan (including part payment) 2% of outstanding principal/amount prepaid
Equitable mortgage creation charges As applicable in the stateDuplicate No Dues Certificate/NOC ₹50/- per instance
Stamp Duty & other statutory charges As per applicable laws of the state
Equitable mortgage cancellation chargesAs applicable in the state
Penal Charges
  • Financial Default*: 8% p.a. above the applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance)
  • There shall be no capitalisation of Penal Charges
  • *Financial Default includes all types of payment or financial defaults/irregularities with respect to your Loan Account

Know more about Home Loans fees and charges before applying.

Benefits of Home Loan interest rate

Axis Bank’s Home Loan products are tailored to fit your unique financial goals. Here's what you can expect:

Types of interest rates for Home Loans

When applying for a Home Loan, understanding the types of Home Loan rates is key.

Fixed interest rates

Your interest rate stays the same for the entire loan tenure, so you know exactly how much your EMI payments will be every month.

Floating interest rates

These rates fluctuate with market trends, so your EMI payments might change over time.

Both options have their own pros and cons and can influence your loan repayment in different ways. Fixed rates are like having a safety net as they protect you from market swings. On the other hand, floating rates are like taking a calculated risk and if Home Loan interest rates for today drop, you can save money on interest.

Which type of Home Loan interest rate should you choose?

The choice between fixed and floating interest rates depends on your financial strategy and how comfortable you are with taking risks.

A fixed interest rate is ideal for you if

  • You value consistency, predictability and risk aversion in your financial planning.
  • You are concerned that home interest rates might rise in the near future.
  • You prioritise stability over potential savings and are comfortable with potentially higher costs if market interest rates decrease.

A floating interest rate is ideal for you if

  • You are resilient to market ups and downs and have a flexible financial plan that can adapt to market fluctuations.
  • You predict a drop in home interest rates today which could lead to lower overall interest costs.
  • You prioritise potential savings over stability and are willing to accept potentially higher costs over time.

Factors that affect Home Loan interest rate and EMI

  • Interest rate type: Fixed rates stay the same, providing stability and predictability while floating rates change with the market.
  • Loan-to-Value ratio: The loan-to-value ratio refers to how much of the home's purchase price you are borrowing. If you make a big down payment, you will borrow less and your monthly payments will be lower.
  • Borrower’s job profile: If you have a stable income, you might qualify for a lower interest rate.
  • Repayment period: The longer you take to pay off the loan, the more interest you will pay overall.

By carefully considering these factors, you can take a well-informed approach that results in substantial savings and a more manageable repayment schedule.

How to reduce Home Loan interest burden?

  • The bigger your down payment, the less you will owe on your loan and the less interest you will pay.
  • Secure a good credit score, ideally 750 or higher, to enjoy better interest rates.
  • Consider applying for a joint Home Loan. This can help you qualify for a bigger loan and lower interest rates.
  • Increase your monthly payments, if possible. This will help you pay off your loan faster and reduce the amount of interest you pay.
  • Opt for a shorter loan term to decrease interest accumulation over the loan's lifespan.
  • If you are already locked into a loan with high interest rates, transfer your loan to a different lender with competitive rates, such as Axis Bank.

Home Loan Interest Rates FAQs

The interest rate on a Home Loan depends on several factors, including the principal amount, loan repayment term, credit score, income, etc. The home interest rates today from Axis start from as low as 8.75%.

Yes, Axis Bank offers a variety of Home Loan interest rate options to fit different customers' needs. You can choose between fixed and floating-rate loans to align with your financial goals and your perception of the market.

The home interest rate remains tied to the RBI's repo rate and other economic factors. This means that when the repo rate changes, the interest rate on your floating-rate Home Loan will also change. The bank reviews and adjusts these rates regularly so your interest rate might fluctuate over time.

With a floating-rate loan, your home interest rate can fluctuate over time which means your monthly payments might increase or decrease. On the other hand, if you opt for a fixed-rate loan, you will have the same interest rate for the entire loan period.

When you apply for a Home Loan with Axis Bank, there are some extra costs to keep in mind:

  • Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable)
  • An upfront processing fee of ₹5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
  • The processing fee is a non-refundable fee collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.

Yes. If you have a good credit score, you will be more likely to enjoy a lower home interest rate. But, if your credit score is poor, you might end up with a higher interest rate.

Current home loan rates can change periodically, depending on different factors, such as market conditions, economic indicators, loan rates and lender policies. Additionally, the frequency of these changes also depends on the benchmark interest rates your bank uses and its interest rate reset schedule.

The main factors that influence your Home Loan interest rate include market condition, credit score, loan amount and tenure, the type of home interest rate you choose, the lender's policies, loan-to-value ratio and income stability.

The processing fee for a Home Loan is calculated as follows:

  • Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST is levied
  • An upfront processing fee of ₹5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.

The processing fee is a non-refundable fee collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.



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