Apply for Super Saver Home Loan Online in Axis Bank

Published date: December 9, 2017
Modified date: December 9, 2017

✔ Minimum - Rs. 50 Lakhs
✔ Prepayment Charges
✔ Interest Rate Applicable
✔ 20 years for Fully disbursed case and 22 years for partly disbursed case

Super Saver Home Loan Features and Benefits

Presenting Super Saver home loans from Axis Bank, a unique financing solution that helps you save on the total interest payable on your home loan with us. Any surplus funds at your disposal can now be effectively utilized to save on interest while still being able to use them whenever needed.

To facilitate this you will be provided with the following services:

  • Cheque Book
  • ATM card
  • Internet Banking
  • Phone Banking

How does a Super Saver Work?

After the loan is disbursed, any amount deposited in the Super Saver account by you shall reduce the principal outstanding and you will be charged interest on net principal outstanding i.e. loan amount outstanding minus any excess funds parked in the account.

Other features of Super Saver:

Attractive Rates
We offer Super Saver loans at attractive interest rates so that not only do you save interest on your Home loan by parking excess funds, but you also don’t feel like your home loan as a burden. Rate of interest available at floating rate.

Loan Tenure
Loan repayment tenure up to 20 years to make sure you enjoy the benefits for a longer term.

Balance transfer facility
Not satisfied with your existing Home Loan provider/ your Home loan provider does not extend a similar facility? You can transfer your Home Loan to us without any hassles.

Nil prepayment charges*
Want to pay off your home loan early? You can do that at Axis Bank without worrying about prepayment charges. However, keeping excess funds in your super saver account will help you to enjoy the benefits of prepayment and will also give you the flexibility to withdraw these funds anytime.
*Valid only on floating interest rates.

Doorstep service
We know the value of your time and hence we shall come to your doorstep.

Quick and transparent processing
Get your Super Saver Loan much before you expect. You are always on our Priority.

Super Saver Home Loan Eligibility & Documentation

Document NeededSalariedSelf Employed
Proof of identityValid passport/Voter’s ID/Valid Driving license with photo graph /Pan card /Aadhar card
Proof of IncomeLatest 3 months salary slip / certificate for fixed salary/Latest Form 16
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
Last 6 months Bank statement for operative account both personal and business.
Proof of ResidenceLatest Electricity Bill/utility bill/ piped gas bill/ telephone bill (Not more than 2 months old)/ Passport/Aadhar card/ Voter ID/ Driving  License.

Super Saver Home Loan Interest Rates and Charges

Loan amountAll Customers
Rs 50 Lakhs & aboveMCLR + 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.

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