Axis Bank Mortgage Loan Interest Rates

Description Charges
Interest Rate of Self Occupied Residential Property 11.75%
Interest Rate of residential and commercial property 12.75%
Loan Processing Fee 1% of the loan amount + GST
Penal Interest Rate 24% per year, 2% per month
Repayment Instruction/Cheque Return Charges Rs. 500/-
Cheque/Instrument Swap Charges Rs. 500/-
Prepayment Charges for fixed rate loan 2% of the principal outstanding
Duplicate statement issuance charges Rs. 250/-
Credit Report Issuance Charges Rs. 50/-
Issuance Charges for Photocopy of Title Deeds Rs. 250/-

Documentation Required for Axis Bank Mortgage Loan

For Self Employed
  • Filled Loan application form

  • 2 passport size photographs

  • Last 2 years ITR

  • Identity Proof: Driving License/ Passport/ PAN/ Voter ID

  • Address Proof: Valid Rent Agreement/ Passport/ Utility Bill/ License

  • Business Proof: Business Address Proof/ VAT/Service Tax registration/ Balance Sheets certified by CA/ Profit & Loss Account/ Partnership Deed/ Business profile and Business Existence Proof

For Salaried Employee
  • Filled Loan application form

  • 2 passport size photographs

  • Job continuity proof

  • Identity Proof: Driving License/ Passport/ PAN/ Voter ID

  • Address Proof: Valid Rent Agreement/ Passport/ Utility Bill/ License

  • Income Proof: Last 6 months payslips/ Last 6 months bank statement/ 2 years Form 16/ any debit card

Property Documents
  • Lease Deed/ Registered Sale Deed/ conveyance

  • Previous Sale Deeds Chain

  • Approved Building plan from Municipal Corporation

  • Latest Home tax return/ receipt

Axis Bank Mortgage Loan Eligilibility

  • Age should be 21 to 60 years

  • Minimum credit score is 650 and above

  • Loan to value ratio - Up to 60%

  • Fixed Obligations to Income Ratio(FOIR) - 0.65

  • Small & mid sized businesses, partnership firms, private or closely held companies, self employed professionals are eligibile for mortgage loans.

Axis Bank Mortgage Loan EMI Calculator

You can use our online EMI calculator to calculate your loan EMIs. EMI is a fixed amount that you need to pay for every month.

Features and Benefits of Axis Bank Mortgage Loan

  • Higher loan amount and tenure up to 15 years

  • Low interest rates

  • Simple and quick approval

  • Flexible repayment option

  • Higher loan amount with low EMIs

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