Interest Rates 2018 2444 views
- Axis Bank home loan interest rates are among the lowest rates in May 2018 available.
- Simplify your search by calculating EMIs based on the rates offered.
Axis Bank has best offers for affordable housing with low-interest rates, processing fees and special balance transfer scheme. The bank has now decided to give some unique benefits to those who choose to tranfer their existing home to 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 home loan rates
Interest Rate Comparison Tool All that glitters is not gold; the same goes for loans! Have you done your research? Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com
Interest Rate Comparison Tool
All that glitters is not gold; the same goes for loans! Have you done your research?
Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com
Table of Contents
Axis Home Loan Interest Rate May 2018
Checkout the table below showing the interest rate, processing fee, tenure and maximum loan amount available for Axis Bank home loan.
|Interest Rate||8.40% - 8.75%|
|Loan Amount||Above ₹1 lakh|
|Tenure||Up to 30 years|
|Processing Fees||Salaried: Up to ₹1 Crore – ₹10,000 + GST|
Above ₹1 Crore to ₹2 Crores - ₹15,000 + GST
Above ₹2 Crores - ₹25,000 + GST
Self-employed: 0.50% Or ₹10,000 + GST, Whichever Is Higher
|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). At present, the MCLR for 6 months is 8.30%.
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.