Buying a home involves a lot of financial planning, such as planning for financial resources. One of the safest and simplest options is to take the Axis bank personal home loan. However, applying for it involves specific eligibility criteria, such as your repaying ability through the monthly EMIs. This you can do using the axis bank home loan calculator.
EMI calculator for a home loan is an online tool that provides you with different EMI options depending on the principal loan amount, tenure and interest rate variables. Axis bank home loans have an interest rate between 8.20% – 8.55% p.a.
What are the interest rates for Axis bank home loans?
There are different interest rate values for different types of home loans offered by Axis Bank. The interest rate of the different Axis Bank home loans for salaried and self-employed individuals for the year 2024 are as follows:
|Axis Home Loan Schemes||Interest Rate for Salaried/ Self-Employed|
|Fast Forward Loan||12% p.a.|
|Power Advantage Home Loan||8.40% p.a.|
|Asha Home Loan||12% p.a. – 12.50% p.a.|
|Home Loan||12% p.a.|
|Empower Home Loan||NA|
|Top Up Home Loan||12% p.a.|
|QuikPay Home Loan||NA|
|Shubh Aarambh Home Loan||12% p.a.|
|Super Saver Home Loan||NA|
The interest rate of the different Axis Bank home loans for salaried or self-employed individuals separately for 2024 are as follows:
NOTE: The interest rates for these Axis bank home loans vary depending on whether they fall under the salaried or self-employed category.
|Axis Home Loan Schemes||Salaried||Self-Employed|
|Axis Shubh Aarambh Home Loan||7.75% – 8.25% p.a.||8.95% p.a.|
|Axis Super Saver Home Loan||8.15% p.a. – 8.30% p.a.||9.20% p.a. – 9.35% p.a.|
|Axis Fast Forward Loan||7.75% – 8.25% p.a.||8.95% p.a. – 9.15% p.a.|
|Axis Asha Home Loan||10.05% p.a. – 11% p.a.||10.30% p.a. – 11.50% p.a.|
|Axis Top Up Home Loan||At the bank’s discretion||Start from 8.90% p.a.|
|Axis Home Loan||6.90% p.a. – 8.40% p.a.||7.95% p.a. – 8.55% p.a.|
You can choose from the different home loan options depending on the most suitable interest rate you want.
Axis Bank Home loan Calculator and its use
Using the Axis bank home loan calculator, you can calculate the EMI for a particular loan. Once you decide which home loan option is most suitable for you, you can input the interest rate value, the tenure period and the principal loan amount into the EMI calculator for a home loan to get an accurate deal for the EMI.
The axis bank home loan calculator has features such as:
- The home loan EMI for bank per lakh starts from ₹ 659. This can be easily calculated through the EMI calculator for home loans.
- The maximum fee for processing the home loan is ₹ 10000.
- The tenure period for the home loan ranges from 5 to 30 years.
- The loan-to-value ratio for the home loan is between 85% to 90%.
The EMI calculator for home loan gives you the feasibility of estimating the accurate values for the monthly EMIs. You can use the interest rates the bank offers online, the tenure and the principal income for the particular home loan to get the EMI. Based on this EMI, it becomes easier to check whether the EMI is affordable for you and if you can repay the loan successfully.