Home Loan Interest Rates 202016770 views
- Axis Bank home loan interest rates are among the lowest rates in May 2020 available.
- Simplify your search by calculating EMIs based on the rates ranging from 8.10% - 8.85%.
Axis Bank has one of the best offers for those looking for a home loan. The bank offers housing loan with low-interest rates, processing fees and special balance transfer scheme. Axis Bank home loan interest rates are one of the lowest and most suitable options. Be it the transfer or new home loan application, you get equally unbeatable service at Axis Bank. Below are the facilities you get if you balance transfer your home loan:
- Income Based Balance Transfer Loans
- The eligibility of the transfer will be based on the seasoning and track-record of existing loan only
- Up to 100% top up at regular home loan rates
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Table of Contents
Axis Bank Home Loan Interest Rate May 2020
Checkout the table below showing the interest rate, processing fee, tenure and maximum loan amount available for Axis Bank home loan.
|Interest Rate||8.10% - 8.85%|
|Loan Amount||Above INR 1 lakh|
|Tenure||Up to 30 years|
|Processing Fees||Up to 1% of the Loan amount subject to minimum of INR 10,000|
Upfront processing fee of INR 2,500 plus GST
|Prepayment Charges||0% for floating rate|
Axis Bank MCLR Rate
The interest rates on a home loan at Axis Bank are available at both fixed and floating. The rates are linked to its 6 Month Marginal Cost of Lending Rate (MCLR).
Axis Bank Home Loan Balance Transfer Interest Rates
You can reduce EMI burden by transfering your existing home loan’s outstanding balance to Axis. The rates are low and there is minimal transfer fees.
Axis Bank Home Loan Conversion for Existing Customers
Axis Bank offers the interest rate conversion facility to all its existing customers, wherein they can switch from their existing base system of (Base Rate/BPLR/MRR+/-spread) to the new system of 6 Month MCLR (MCLR+spread) without changing the effective rate of interest. Through this way, a borrower can enjoy the reduced EMIs as MCLR rates are comparatively lower. The effect of conversion in the system from existing to new will be provided on an immediate basis, without charging any fee for the same.