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 Score | Salaried | Self Employed |
---|
751 and above | 8.75% | 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 History | Less than 700 | Between 700 and 750 | More 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 PSL | 10.65% to 10.80% |
Vanilla Non PSL | 10.55% to 10.70% |
All Surrogates Non PSL | 10.65% 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 Charge | Charges 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 Charge | Charges Applicable | Type of Charge | Charges 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 state | Duplicate No Dues Certificate/NOC | ₹50/- per instance |
Stamp Duty & other statutory charges | As per applicable laws of the state |
Equitable mortgage cancellation charges | As 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.