Interest Rates 2018 1139 views
Axis Bank is one of the leading home loan providers in India that has recently changed the way people used to think of a home. The 12 EMIs waiver on a Shubh Aarambh home loan has made it possible for the borrowers to save more money. As a result of which, the bank has now two best offers for affordable housing with Asha Home Loans and Shubh Aarambh home loan. To know more about the product, read below.
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
8.35% - 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 Home Loan Interest Rate Calculator
An interest rate calculator or a loan calculator or an EMI calculator are the different names of an online EMI calculator. This is the tool that is used to calculate the EMI on a loan depending on the interest rate, the loan amount, and the tenure. The calculator converts the annual rate of interest into the monthly rate. Along with the details of the monthly EMI, the total interest outgo, and the total amount (interest+principal), you also get the amortization schedule. The amortization schedule shows the balance amount for each year.
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 8.15%.
Axis Bank Home Loan Balance Transfer Interest Rates
Lower your repayments by opting for home loan balance transfer. Yes, move your existing home loan’s outstanding balance to Axis and get ready to reap the benefits in the form of lower EMIs and Interest Outgo. If you opt for BT, the interest rates offered by the bank are low. But, before offering the balance transfer facility to the borrowers, the bank do check the track-record and income of the borrower.
Axis Bank Festive Offer on Home Loans
- Nil processing fee on balance transfer till ₹2 crore of the loan amount with the rate of interest of 8.35% per annum (For all).
- Interest rate of 8.4% per annum and 2500 + GST as processing fee for all DDA Allotment property (for an area more than 300sq/ft).
- Nil processing fee on balance transfer till ₹2 crore of the loan amount with the interest rate of 8.35% per annum (For all).
- 8.4% per annum of the rate of interest and 2500 + GST as processing fee for all DDA Allotment property (of an area more than 300sq/ft).
*Please note that the above offer is valid for the month of January 2018 only.
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.