Apply for TopUp Home Loan Online in Axis Bank

✔ High-Value Loans
✔ Upto Rs. 50,00,000
✔ Multiple Loan Uses
✔ Loan Tenure
✔ Same as outstanding Home Loan Tenure
✔ Construction of residential/commercial properties
✔ Personal requirements and business purposed – subject to conditions as mentioned in the affidavit

TopUp Home Loan Features and Benefits

Get high-value loans

Get additional finance of upto Rs. 50,00,000

Use the loan for multiple purposes

You can avail a Top-up Loan for the following requirements:

For construction of residential/commercial premises – Permitted
For personal requirement and business purposed – Permitted subject to condition as mentioned in the affidavit

You cannot avail a Top-up Loan for the following requirements:

For purchase of another residential/commercial premises – Not permitted

An undertaking cum affidavit to be collected from the borrower specifying the end use of the loan and that the loan shall not be used for any speculation, illegal activities, litigation or any other notorious activities

Repay your top-up loan along with your home loan
Loan tenure same as the outstanding home loan tenure

Benefit from low interest rates
Interest rate starting from 8.65% only

TopUp Home Loan Eligibility & Documentation

NRI/Resident Indian can avail of Top-Up Loans based on the following conditions:

The property is to be owned by an NRI only or in joint ownership (Applicable only for NRI customers)
Top-up loans can only be extended against complete residential property with no pending post disbursal documentation
For an existing Home Loan borrower, clear repayment history is important. There should not be more than 1 EMI bounce in the last one year and the same should have been cleared before the next EMI date
Existing Home Loan customers are eligible for a Top-Up Loan after six months’ clear repayment.
For a Top-Up loan with takeover of a Home Loan from other bank, one year clear repayment track will be required.

TopUp Home Loan Interest Rates and Charges

Home Loan Rates

Sr. No	Type	Loan Type	Loan Amount (Rs)	Effective Rate Of
1	Floating Rate	Top Up	Upto 30% of original sanction amount of home loan	Same rate as Home Loan
1	Floating Rate	Top Up	> 30% of original sanction amount of home loan	LAP rate applicable

Base Rate – 9.05%

Processing Charges

Scheme	Loan Processing Charges	Prepayment Charges for Floating Rate	Prepayment Charges for Fixed Rate	No Due Certificate	Solvency Certificate	Charges for Late Payment of EMI
Power Home	Upto 1% of the loan amount subject to minimum of Rs 10,000/-	Nil	2% of outstanding principal/amount prepaid	NA	NA	Rs 500 per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s

* Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).

Other Charges

Sr. No	Type	Charges
1	Repayment Instruction/Instrument Return charges	Rs.500/- per instance
2	Cheque/Instrument Swap charges	Rs.500/- per instance
3	CERSAI Charges	Rs.500/-
4	Duplicate Statement issuance charges	Rs. 250/- per instance
5	Duplicate Amortization schedule issuance charges	Rs. 250/- per instance
6	Duplicate Interest Certifcate (Provisional/Actual) issuance charges	Rs. 250/- per instance
7	Issuance charges for Photocopy of title documents	Rs.250/- per document set
8	Charges on customer initiated requests for copies of documents	Rs. 250 per document set
9	Equitable mortgage creation charges	As applicable in the state
10	Credit Bureau report issuance charges	Rs.50/- Per Instance

* Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).

Switching Cost

Switching from the floating rate scheme to the fixed rate scheme and vice versa is permissible. If a fixed rate customer wants to reschedule a loan to the present fixed interest rate applicable to the new customers, the same is also permissible. The existing customers can also switch over to the new rate of interest applicable for the new customer. For all of the above changes, a nominal switching fee is applicable.

Charges for changing from fixed to floating rates of interest	Charges for changing from floating to fixed rates of interest	Charges for Higher Fixed Rate to Lower Fixed Rate	Charges for Higher Floating Rate to Lower Floating Rate
2% of the outstanding Loan amount	1% on the outstanding principal with a minimum of Rs.10,000/-	0.5% on outstanding principal with minimum Rs.10,000/-	0.5% on outstanding principal with a minimum of Rs.10,000/-

* Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).

* For Partly Disbursed cases, charges would be calculated on total outstanding principal + undisbursed
portion of sanctioned amount.