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to apply for Axis Bank personal Loan
₹  10000 Cr +   LOANS DISBURSED
1 Million +   LOAN QUOTES
70 +   BANK & NBFC PARTNERS
100 +   CITIES SERVED
Category
Rates of Interest
LOAN AMOUNT
LOAN TERM
LOWEST EMI
OTHER BENEFITS
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Axis Bank Home Loan Transfer Salaried
7.75 % - 8.55 %
Rs. 15 Lac to 5 Cr
1 to 30 years
Rs. 758 per lakh
  • Free doorstep service
  • Dedicated Relationship Manager
Axis Bank Home Loan Transfer Self-Employed
7.75 % - 8.55 %
Rs. 15 Lac to 5 Cr
1 to 30 years
Rs. 758 per lakh
  • Free doorstep service
  • Dedicated Relationship Manager
Axis Bank Home Loan Transfer Balance Transfer
7.75 % - 8.55 %
Rs. 15 Lac to 5 Cr
1 to 30 years
Rs. 758 per lakh
  • Free doorstep service
  • Dedicated Relationship Manager

Axis Bank Home Loan Balance Transfer Benefits

  • Lower Interest Rate- Axis Bank offers affordable interest rate on home loan transfer, it starts from 7.75 %
  • Higher Loan Tenure- option to revise the tenure of the loan up to 30 years
  • Lower EMI– Because of higher available tenure EMIs can be very low
  • Variable to Fixed Interest Rate– Offers option for different types of rates based on your financial planning you can decide for the same.
  • No – Prepayment Charges of Home Loan Balance Transfers
  • Low Processing Fees- starts from as low as Rs. 5000 plus GST for your loan
  • Faster Process of Loan – your loan application can be sanctioned within a weeks’ time*
  • Top-Up Loan -  Axis Bank offer option for a Top Up loan, when you transfer your home loan to the bank
  • No Foreclosure Charges for Home Loan transfer
  • MyMudraFinCorp provides free door step services for Home Loan transfer facilities with Axis Bank.
  • Loan Transfer from all type of Lenders
    1. ✔ Housing Finance Companies
    2. ✔ Commercial Bank- Private Bank, Multinational Bank, Nationalised Banks, Co-operative Bank etc.
    3. ✔ Non-Banking Financial Company (NBFCs)
  • Eligible Borrowers for Axis Bank Home Loan transfer – Following borrowers are eligible to apply for a takeover loan
    1. ✔ Resident Indian Salaried Individuals Working with MNCs, Public or Private Sector Companies
    2. ✔ Resident Indian Self - employed Business owners having business into any sectors
    3. ✔ Practicing Professionals – CA’s, CS, Advocates, Architects, Consultants etc.
    4. ✔ Non-resident Indians working overseas can only transfer home loan, no top up option available.
  • Equitable mortgage - simple mortgage of the property, no stamp duty required to be paid.
  • Exclusive features and benefits-  to applicants applying for a home loan takeover facility with the Bank.
Apply Now For Axis Bank Home Loan Transfer

Axis Bank Home Loan Transfer Rates

Axis Bank Home Loan Rates, Processing Fees & Charges
Category Loan Amount Up to 30 Lacs Loan Amount from Rs. 31 Lacs to Rs. 75 Lacs Loan Amount Above Rs. 75 Lacs Women Borrowers
Interest Rate 7.75 % to 8.55 % 7.75 % to 8.55 % 7.75 % to 8.55 % 7.75 % to 8.55 %
Processing Fees From Rs. 5000 to 0.50% of the loan amount + GST From Rs. 5000 to 0.50% of the loan amount + GST From Rs. 5000 to 0.50% of the loan amount + GST From Rs. 5000 to 0.50% of the loan amount + GST

Axis Bank Home Loan Transfer Features

  • Higher Loan Amount - minimum loan amount under Axis Bank Home Loan transfer scheme is Rs 15.00 Lakh and maximum loan amount can go up to Rs. 10 crores or higher*.
  • Lowest Interest Rate - Axis Bank home loan balance transfer scheme interest rates varies from 7.75 to 8.55 percent.
  • Higher Tenure - tenure up to 30 years for salaried loan applicants, subject to age eligibility.
  • Lowest Processing Fees -one time processing fees varies from Rs. 5000 to 0.50 percent of the loan amount plus GST.
  • Top Up Loan – Based on current market valuation of your property Axis Bank offers you a top-up on your loan.
  • Top up loan amount can go up to 70 percent of market value of the property.
  • Quick Approval – your loan can be sanctioned and disbursed within 7 to days turnaround time.
  • Who Can Apply -  Individuals working with Indian Public Sector enterprises, MNCs, Private sector companies and non-resident Indians working outside the country with regular source of income.
  • Option for an overdraft on home loan
  • No Loan closure charges for Individual borrowers
  • Option for multiple pre-payment on loan without any penalty.
Apply Now For Axis Bank Home Loan Transfer

Axis Bank Home Loan Transfer Eligibility for Salaried Individuals

  • Minimum Age of Applicant/s- Min age of an Axis Bank Loan Transfer applicant should be 18 years if income not considered. For income considered applicants and co-applicant it is 21 years.
  • Maximum Age of Applicant – up to 70 years, or retirement age whichever comes earlier.
  • Income Eligibility – if you are applying for a home loan balance transfer with Axis Bank, you should have a minimum net salary of Rs. 30000/- per month.
  • Add Income of a Co-applicant – you can increase your loan eligibility in Axis Bank by taking your spouse as co-applicant to the loan.
  • Property Ownership - Individuals single owners of a property or jointly owned properties.
  • Business entities can be taken as an applicant/co-applicant/guarantor in the loan structure along with individual loan applicants.
  • CIBIL Score Required- minimum CIBIL Score required to be eligible for an Axis Bank Home Loan Takeover Scheme is 650
  • Proposed loan for takeover must have completed the Pre-EMI and or moratorium stage of the loan with the existing lender.
  • Minimum 12 EMIs must have been paid on the proposed home loan to be taken over.
  • A borrower applying for an Axis Bank Home Loan Transfer scheme must have a clear repayment track on the proposed loan and other loans.
  • Should not have cheque bounces during last 12 months of the loan.

Axis Bank Home Loan Transfer Eligibility for Non-Individuals

  • Director, Partner etc. required as an Applicant or co-applicant in the loan structure.
  • The Firm/Company should be incorporated for at least 5 years
  • The Firm/Company should be in the business for minimum 3 years.
  • The firm/company should be profitable for last 2 years.
  • The CIBIL of the company should be satisfactory along with Credit Score of Directors and promoters of the
  • CIBIL Score Required- minimum CIBIL Score required to be eligible for a Bank of Axis Bank Home Loan Takeover Scheme is 650.
  • Proposed loan for takeover must have completed the Pre-EMI and or moratorium stage of the loan with the existing lender.
  • Minimum 12 EMIs must have been paid on the proposed home loan to be taken over with Axis Bank.
  • A borrower applying for an Axis Bank Home Loan takeover scheme must have a clear repayment track on the proposed home loan and other loans. Should not have cheque bounces during last 12 months of the loan.
Apply Now For Axis Bank Home Loan Transfer

Axis Bank Home Loan Takeover Process

STEPS PROCESS DETAILS
Step - 1 Submission of Balance Transfer Loan Application with
  • A letter from your existing home loan provider, stating the list of original title documents deposited with them.
  • Foreclosure letter of the loan
  • Application forms with signature and photographs
  • KYC Documents
  • Financial documents as applicable for Salaried /Self-employed applicants
  • Bank statements and existing loan sanction letter/repayment statements
  • Photocopy of the property documents
Step – 2 Axis Bank Loan Transfer Process  
  • Impaneled valuer of the bank valuates the property
  • Impaneled advocates do a legal of the property to check the property is clear and marketable
  • Personal discussion with the Bank’s Managers – physical visit may be required for higher loan amount.
  • Bank Sanctions your loan application after collecting all the reports and an internal assessment by credit and Risk Team
  • Provides Sanction letter to you
Step – 3 Post Sanction Documentation –Loan Agreement
  • A loan agreement is executed between applicant/s and Axis Bank for home Loan Transfer.
  • Submission of disbursal documents including - Loan Repayment Instrument- NACH / PDCs/ECS/SI mandates etc.
  • Declaration to submit original title documents
  • Other documents as required
Step - 4 Disbursement of the Loan
  • Collect the disbursement cheque/pay order in favor of your existing lender from the new lender and deposit the same to the existing lender.
  • Collect No due letter and submit the same to Axis Bank for completing the Axis Bank takeover process.
Step - 5 Obtain Original Title Documents

Collect original property/title documents from the previous lender and submit the same to Axis Bank, as promised for disbursal of Axis Bank takeover loan scheme.

Step - 6 Disbursement of Top-Up Loan amount
  • If you have applied for a top-up loan along with home loan balance transfer at Axis Bank, at this stage bank will release the top up amount to you.
  • With this Axis Bank Home Loan transfer process gets completed.
Apply Now For Axis Bank Home Loan Transfer

Axis Bank Loan Transfer Documents Required

Documents Type Documents Requirement for Salaried and Self- Employed Borrowers
KYC Documents Identity, Signature, Age, Residence and address Proof - PAN Card/Passport/Aadhaar Card/ Voters ID/Driving License.
Axis Bank Home Loan Transfer Application Forms Completely filled and duly signed housing loan application form with photographs and duly signed.
Income Documents Required for Salaried Applicants
  • Salary Slips - latest 3 months
  • Form No.16 - latest 2 years
  • ITR- latest 2 years
  • Appointment letter - if changed job in last 12 months
  • Promotion Letter - if received any promotion recently
  • Salary account Bank statement - for latest 6 months
  • Employers identity card for
Income Documents Required for Self-Employed Applicants
  • Latest 2 years Income Tax Return, Computation of Income, Balance Sheet with all schedules.
  • Audited Reports (if applicable)
  • Shop & Business establishment certificate
  • Net Worth Statements
  • MOU&AA- for a private limited company
  • Partnership deed- for a partnership firm
  • Business Profile
  • Bank statements of all the current/business accounts.
Existing Loan Details & Repayment Track
  • Sanction letter & Repayment statements of all the running cards & loans.
  • Sanction letter of proposed takeover loan
  • Repayment account statement of proposed takeover loan

Axis Bank

Axis bank is the third largest private sector bank in India. The bank offers a large spectrum of financial services all across the globe covering Mid Corporates, MSMEs, Agriculture and Retail Businesses. The bank has a network of 3,304 branches across the country and 14,163 ATMs. The international operations of the bank are spread across 9 international offices with branches at Singapore, Dubai, Colombo, Shanghai, Dhaka and Dubai along with an overseas subsidiary in London. Axis bank began its operations in the year 1994 and is the first new generation private sector banks. With a balance sheet of 6, 01,468 Crores as on 31st March, 2017 and has achieved consistent growth. The bank has its registered office in Ahmedabad and head office in Mumbai. The bank has employed around 50000 employees and a market specialization of Rs 10583 trillion.

Home loan transfer involves the process of transferring your existing home loan account to another bank or NBFC. Usually people go for home loan transfer if they come across a bank offering a lower rate of interest and attractive top up offers. To go for a home loan one needs to calculate savings on the Home loan balance transfer and fill an online application form for the same. A number of home loan balance transfer offers are available so that the customer has a variety of options to compare them and choose the best offer according to his/her own convenience.

Apply Now For Axis Bank Home Loan Transfer

Why Apply for an Axis Bank Home Loan Transfer With My Mudra FinCorp.Com?

Free of Cost Services for Axis Bank Home Loan Transfer

My Mudra FinCorp’s Services offered for Axis Bank Home Loan Balance Transfer process and application submission are available for free cost to its customers applying offline/online using its platforms - My Mudra FinCorp.Com or Social Media platforms or any other channels of My Mudra FinCorp.

MyMudraFinCorp is Partnering with Axis Bank for Facilitating/Sourcing/Distribution of BOB Home Loan Transfer Scheme

My Mudra FinCorp, is partnering with Axis Bank as Loan Distribution Agency for helping its customers take a well-informed decision while transferring home loan to the bank. MyMudraFinCorp is responsible for sourcing and submission of Axis Bank Home Loan Transfer Application forms to the banks Units/Branches/Asset center/loan processing centers etc. After submission of a loan application its sole discretion of Axis Bank to sanction/reject the application as per the applicable credit, banking and other policies of the bank. MyMudraFinCorp doesn’t take any responsibility for rejection/sanction of a loan application.

Multiple Loan Products

My Mudra FinCorp, helps you connect with lenders for Homes Loan, Home Loan Balance Transfer, Personal Loan, Small Business Loans, Loan Against Property, Gold Loans, Auto Loans and other financial products.

Fourteen Hundred plus Cities

MyMudraFinCorp can serve its customers in 1400 plus Cities of the country.

Online to Offline Services

My Mudra FinCorp, offers its services online and offline - with the help of its direct teams, lending partners and associates. MyMudraFinCorp has capability to serve you in 1400 plus Cities of the country.

Compare Loan Offers Before Applying

Before applying online for any loan, unlike other loan portals or loan comparison sites, MyMudraFinCorp helps you to understand every single detail of the loan. It helps you read complete information of the product you are interested to apply and borrow. Only after you are completely satisfied with the features and benefits of the loan product you can apply online for a loan.

Special Schemes & Offers

My Mudra FinCorp, offers special schemes, benefits and other advantages to its customers. Check with MyMudraFinCorp representative for the same.

Other Terms & Conditions

Other Terms and Conditions as per Bank and NBFCs terms, conditions and policies.

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