Apply for Empower Home Loan Online in Axis Bank

✔ Assured Rate Reductions
✔ Maintaining a good repayment track for 24, 36 and 60 months
✔ No Prepayment Charges
✔ No extra charges on early closure
✔ Balance Transfer Facility
✔ Transfer an existing home loan to Axis Bank without any hassle
✔ Minimum - Rs. 10,00,000
✔ Maximum - Rs. 1,50,00,000

Empower Home Loan Features and Benefits

Get assured rate reductions
3, on maintaining a good repayment track for 24, 36 and 60 months from the date of first disbursement to avail the 1st, 2nd and 3rd rate reduction respectively

Use the loan for a house that’s ideal for you
Home loans can be used to purchase an under construction/ready/resale house, self-construction, plot plus construction or home extension and improvement

Enjoy affordable interest rates on home loans
Starting as low as 9.25%

Avail of doorstep service
Get a home loan from the comfort of a house or office

Pay off your home loan with nil prepayment charges
No charges for early closure

Quick and easy loans on the basis of your banking balances and repayment track record
Get your loan faster than you expect

Empower Home Loan Eligibility & Documentation

Eligibility

Resident self-employed customers (professionals and non-professionals) are eligible for an Empower Home Loan

Check your borrowing limits

Minimum Limit - Rs. 10,00,000
Maximum Limit - Rs. 1,50,00,000
As per average banking balances

Keep your documents ready

Document Needed	Salaried	Self Employed
Proof of identity	Valid passport/Voter’s ID/Valid Driving license with photo graph /Pan card /Aadhar card
Proof of Income	Latest 3 months salary slip / certificate for fixed salary/Latest Form 16 -and- Last 6 months bank statement/Passbook of the salary account	IT- returns for the last 2 years along with computation of income certified by CA -and- Last 6 months Bank statement for operative account both personal and business.
Proof of Residence	Latest Electricity Bill/utility bill/ piped gas bill/ telephone bill (Not more than 2 months old)/ Passport/Aadhar card/ Voter ID/ Driving License.

Empower Home Loan Interest Rates and Charges

Sr. No	Loan amount (Rs.)	MCLR + Mark Up	Effective Rate of Interest
1	All Loan Amounts	MCLR + 1.10%	9.25%
Marginal Cost Based Lending Rate (MCLR) - 8.15% MCLR Reset frequency for Home Loans - Half Yearly Base Rate - 9.05% Customers who have availed disbursement or received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.

Description of charges	Amount (Rs.)
Processing Fee Charges	Up to 1% of the Loan amount subject to minimum of Rs.10,000/-
Penal Interest rate	@24 % per annum, 2% per month
Switching Fees (Base Rate/BPLR to MCLR)#	When effective rate is to be kept the same - No fees When effective rate is to be revised - 0.5% on outstanding principal with minimum of Rs 10000/-
Switching Fees (Floating Rate to Fixed Rate)	NA
Switching Fees (Fixed Rate to Floating Rate)	NA
Switching Fees (Higher Floating Rate to Lower Floating Rate )	NA
Switching Fees (Higher Floating Rate to Lower Floating Rate )	NA
Repayment Instruction/Cheque Return charges	500/- Per Instance
Cheque/Instrument Swap Charges	500/- Per Instance
Duplicate Statement Issuance Charges	250/- Per Instance
Duplicate Amortization Schedule Issuance Charges	250/- Per Instance
Duplicate Interest Certificate (Provisional/Actual) Issuance Charges	250/- Per Instance
Issuance Charges of Credit Report	50/- Per Instance
Issuance Charges for Photocopy of title documents	250/- Per document set
Charges on customer initiated requests for copies of documents	250/- Per document set
Prepayment Charges including part prepayment for floating rate loan	NIL
Prepayment Charges for fixed rate loan	2% of the principal outstanding
Equitable Mortgage Creation Charges As applicable in the	As applicable in the state
CERSAI charges	Rs 50/- For Loans up to 5 Lakhs Rs 100/- For Loans above 5 Lakhs