Axis bank, formerly known as Unit Trust of India(UTI) is the third-largest private sector bank in India, which began its operations in 1994. Axis bank has vast operations with 2904 domestic branches and 12,743 ATMs spread across India and nine international offices. Axis Bank provides home loans to the customer who are eligible as per the bank's guidelines and who can repay the loan without defaulting. Below mentioned are some of the criteria for securing a home loan from Axis bank.
Salaried Individuals:
- If he/she is a permanent Govt. employee or a permanent employee of a reputed private company.
- If he/she lies between the age limit of 24 years and the age of retirement.
Professionals:
- If he/she is a professional established in his/her own field like architects, cost accountants, chartered accountants, company secretary, dentists, doctors, management consultants or engineers.
- If he/she is a person of age limit from 24(loan commencement time) years to 65(loan maturity time) years
Self Employed Individuals:
- If he/she fulfills the Income Tax returns
- If he/she is a person of age limit from 24(loan commencement time) years to 65(loan maturity time) years
Charges and Rate of interests on AXIS Bank Home Loan:
Home Buyers can borrow the AXIS Bank Home Loan at fixed or floating interest rates. If he/she chooses the fixed interest rate then it will be flat 14.00% for any amount of loan. But if he/she prefers floating interest rates then it will be 8.75% up to 30 Lacs and 9.25% for more than 30 Lacs.
Service tax of 1% of the total loan amount will be charged as loan processing charges.
Customers can switch over from one scheme to another scheme like a Fixed-rate to the Floating rate or vice-versa according to their requirements. See the below table for different types of home loans provided by Axis Bank to its customers.
Different Home Loans provided by Axis Bank:
|
Home Loans |
Loan Amount |
Interest Rates applicable |
Maximum Tenure |
Eligibility |
|
Minimum- 3 Lac Maximum- Depends on the combined income |
Floating(9.35% - 9.45% p.a.); Fixed (11.75% p.a.) |
30 Years |
Salaried, Professionals & Rs. 1,20,000 for Self-Employed Individuals |
|
|
Minimum- 1 Lac Maximum- 28 Lac |
Floating (10.25% - 10.50% p.a.) |
30 Years |
Minimum combined income of Rs 8,000 p.m |
|
|
Minimum- 10 Lac Maximum- 150 Lac |
Floating (10.15% p.a) |
15 Years (Subject to Age of borrower) |
Only applicable for Resident Self-employed customers |
|
|
Minimum- 3 Lac Maximum- Depends on combined income |
Floating (9.35% - 9.45% p.a.) |
20 Years |
Salaried, Professional and Self Employeed Individuals |
|
|
Minimum- 1 Crore Maximum- Depends on the combined income |
Floating (9.60% p.a.) |
20 years for Fully disbursed case and 22 years for partly disbursed case. |
Resident, Salaried & Self-employed |
Check your eligibility to apply for a home loan in Axis Bank:
Axis bank provides various financial tools for the benefit of the customers to check their eligibility for securing a home loan from Axis Bank. You can access the tool in the below link:
Axis Bank Home loan Eligibility Calculator
Documents required for securing a Home loan from Axis Bank:
For the home loan at Axis Bank, you will have to provide documents showing the Proof of Identity and Address, Income Proof and Bank statements as requested by the bank. Please find below list of documents acceptable by the Axis Bank to process your Home loan application. The documents differ from Salaried individuals to that of the Self Employed individual.
Documents required for applying for home loan at Axis Bank by the Salaried individual:
|
Documents for Salaried Individual |
|
|
Proof of Identity and Address |
|
|
Proof of Income |
|
|
Bank Statements |
|
Documents required to apply home loan at Axis Bank by the Self Employed individual:
|
Documents for Self Employed Individual |
|
|
Proof of Identity and Address |
|
|
Proof of Business and Finances |
|
|
Bank Statements |
|
Looking for a Car Loan from Axis bank, check the link for more details: Axis Bank Car Loans
Axis Bank Home Loans Customer Care:
Axis Bank is one of the leading private sector banks in India with a trusted customer base. Axis Bank is known for its excellent customer service to help and guide the customers with any banking relevant issues they face.
Axis Bank Home Loan Customer Care Toll-Free Numbers:
Customers can contact the customer care using these Axis Bank helpline numbers any time for any Enquires, Complaints and Issues related to the Axis Bank Home Loans.
Call 1800 103 5577 and 1800 209 5577 for Home Loan Enquires and Issues
Call 1800 419 5959 to find your Account Balance
Call 1800 419 6969 for your Mini statement
To access Axis Banking home loan services in Hindi, dial* the below toll-free numbers:
- Dial 1800 419 5858 to get your Account Balance
- Dial 1800 419 6868 to get your Mini statement
Axis Bank Home Loan Customer Care Address:
Customers can write their complaints or enquires on home loans provided by Axis Bank in a post and sent it to the below address.
Axis Bank corporate office address:
Axis Bank Limited, Corporate Office, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400 025, Maharashtra. Phone number – (022) 2425 2525
Axis Bank registered office address:
Axis Bank Limited, "TRISHUL", Third Floor, Opp. Samartheshwar Temple, Nr. Law Garden, Ellisbridge, Ahmedabad - 380 006, Gujarat
Axis Bank Home Loan Grievance Redressal:
Axis Bank is committed to providing the best possible customer services to its existing customers. Customers can utilize different channels to reach the Axis Bank to gather information on products and services, as well as submit the grievance to the bank on the home loans or any other issues related to Axis Bank retail products. Axis bank provides a three-step grievance redressal system.
Step 1: Online submission of feedback, queries or complaints related to home loans - Axis Bank Online Home Loan complaints or Call toll free 24x7 customer care phone banking Axis Bank helpline numbers 1-800-209-5577 or 1-800-103-5577. You will receive a response within 2 working days. If this does not meet your expectations then proceed to step 2.
Step 2: Send an email to the nodal officer (nodal.officer@axisbank.com), you can also send a second-level email online via the link- Axis Bank Online Home Loan complaints level 2 or fill the Axis Bank Home loan Grievance form and post it to the Nodal officer address provided in the form - Axis Bank Grievance Form . You will receive a response within 10 working days. If you are still not satisfied with the resolution provided then proceed to step 3.
Step 3: Send an email to the principal nodal officer (pno@axisbank.com), you can also send a third level email online via the link- Axis Bank Online Home Loan complaints level 3 or fill the Axis Bank Home loan complaint form and post it to the Senior Vice President address provided in the form - Axis Bank Complaint Form . You will receive a response within 10 working days. If you are still not satisfied with the resolution provided then proceed to step 3.
If the above three steps do not solve your problem then you can directly approach Banking Ombudsman as per the Banking Ombudsman Scheme 2006.