Axis Bank’s Power Home puts an end to your Real Estate troubles. Augment your reach and buy the house that you’ve set your heart on.
Interest Rates :
| Sr. No | Type | Loan amount (Rs.) | Effective Rate Of Interest (p.a.) |
|
1
|
Floating | Less than Rs. 20 Lac | 9.25% (Base Rate + 1.25%) |
| Loans greater than Rs. 20 lac – Rs. 75 lac | 9.5% (Base Rate + 1.50%) | ||
| Loans greater than 75 lac | 9.75% (Base Rate + 1.75%) | ||
| Top Up – All loans | 11.75% (Base Rate + 3.75%) | ||
|
2
|
Fixed | Irrespective of the loan amount | 14.00% |
Base Rate – 8%
|
Scheme |
Loan Processing Charges |
Charges for Late Payment of EMI |
Charges for changing from fixed to floating rates of interest |
Charges for changing from floating to fixed rates of interest |
|
Power Home |
1% + Service tax as applicable |
Rs 500 + taxes per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s |
Min. Rs. 5000 or 1% of the outstanding amount whichever is higher |
Min. Rs. 5000 or 1% of the outstanding amount whichever is higher |
Documention :
| Salaried | Self employed | |
| Age | 24 years to 60 years | 24 years to 65 years |
| Loan Amount Offered | Rs.1Lac to 50Lacs | Rs.1Lac to 50Lacs |
| Processing Fee | 1% of the Loan Amount + applicable taxes | 1% of the Loan Amount + applicable taxes |
| Documentation | 1) Application form with photograph
2) Identity & residence proof 3) Latest salary slip, 4) Form 16 5) Last 6 months bank statements 6) Processing fee cheque |
1) Application form with photograph
2) Identity & residence proof 3) Education qualifications certificate & proof of business existence 4) Business profile, Last 3 years profit/loss & balance sheet 5) Last 6 months bank statements 6) Processing fee cheque |
Features and benefits of Axis Bank Home Loan
- Attractive Home loan rate of interest
- Balance Transfer Facility
- You can choose between floating rate of interest and fixed rate of interest
- Loan can be sanctioned if you want to purchase any residential plot or a new house/flat
- Pre approved loan facility
