Axis Bank Home Loan Balance Transfer 2025
Axis Bank home loan balance transfer helps reduce your monthly EMI burden with competitive interest rates that start from 8.75%* p.a. The flexible loan terms extend up to 30 years, and the top-up loan facility makes this option a great choice for Indian homeowners who want to optimize their existing home loans.
Axis Bank Home Loan Balance Transfer
Struggling with high interest rates on your home loan? Axis Bank’s home loan balance transfer could be your solution, with rates as low as 8.75%* p.a. that help reduce your monthly EMI payments.
Axis Bank offers flexible options that match your needs. You can get a top-up loan of up to ₹50 lakh while transferring your balance. The minimum loan amount starts at ₹3 lakh. On top of that, it comes with a processing fee limited to 1%* of the loan amount. The bank doesn’t charge any prepayment fees on floating-rate loans.
Key Features of Axis Bank Home Loan Balance Transfer
Axis Bank Home Loan Balance Transfer gives you a detailed package of benefits, optimising your housing loan experience. You can turn your existing home loan into a more manageable financial commitment with features that put you in control.
Reduced Interest Rate:
The reduced interest rates for floating-rate loans begin at 8.75%* p.a., making them the best rate among the competition. The fixed rate option is 14%* p.a., which helps you plan your finances confidently. Lower interest rates mean reduced EMIs, which improve your monthly cash flow.
Flexible Loan Terms
Axis Bank home loan balance transfer stands out because of its flexible loan terms. Loan tenure can stretch up to 30 years, allowing you to customise your repayment schedule based on your financial situation. The bank also adjusts repayment options to match your priorities.
Additional Top-up loan
Beyond the low rates, you can get an additional top-up loan with interest rates below personal loan levels. This extra funding works great for home renovation, education, or medical expenses.
No Hidden Charges
The Axis Bank home loan processing fee is 1%* of the loan amount, starting at ₹10,000 plus GST. The bank maintains clear charging policies without hidden fees.
Overdraft Facility
The overdraft facility that comes with your balance transfer adds value. This feature helps you handle unexpected expenses with ease.
Female property owners benefit from special interest rate concessions at Axis Bank. Your daily reducing balance determines your interest charges. This means you pay interest only on what you owe each day. RBI guidelines ensure that no prepayment penalties apply to floating-rate home loans.
Tax benefits continue on principal and interest amounts under specific Income Tax Act sections. These advantages make this balance transfer beneficial from multiple viewpoints.
Axis Bank Home Loan Balance Transfer Interest Rates and Charges
The Axis Bank home loan balance transfer interest rate helps you plan your Home Loan. Axis Bank has competitive rates that start from 8.75% p.a. for customers with Cibil scores of 751 and above. Your credit profile and loan amount determine the final rate.
| Rate Type | Loan Amount | Interest Rate (p.a.) |
| Floating | Up to ₹30 lakh | 8.35%* – 8.40%* |
| Floating | ₹30 lakh – ₹75 lakh | 8.65%* – 8.70%* |
| Floating | Above ₹75 lakh | 8.70%* – 8.75%* |
| Fixed | All loan amounts | 11.75%* |
Note: Charges are subject to change; it’s advisable to confirm with the NoBroker Home Loan Team before proceeding.
Fees and Charges:
| Charge Type | Details |
| Processing Fee | Up to 1%* of the loan amount (minimum ₹10,000) |
| Prepayment Charges | Floating Rate Loans: Nil
Fixed Rate Loans: 2%* of the outstanding principal |
| Penal Interest Rate | 24%* per annum (2%* per month) |
| Cheque Return Charges | ₹500 per instance |
| Switching Fee | Floating to Fixed: 1%* of the outstanding principal (min. ₹10,000)
Fixed to Floating: 2%* of the outstanding principal |
| CERSAI Charges | ₹50 for loans up to ₹5 lakh,
₹100 for loans above ₹5 lakh |
| Stamp Duty | As per actuals |
| Duplicate Statement Issuance | ₹250 per instance |
| Loan Insurance | Mandatory |
Note: Charges are subject to change; it’s advisable to confirm with the NoBroker Home Loan Team before proceeding.
Axis Bank provides top-up home loans up to 30%* of your balance transfer amount to share your home loan’s interest rate. Top-up loans between 30% to 100% follow Loan against property interest rates. The Axis Bank Home Loan EMI calculator will help you calculate your EMI and savings.
Axis Bank Home Loan Balance Transfer – Eligibility Criteria
The Axis Bank home loan balance transfer application needs proper documents and must meet eligibility requirements. The bank wants to make the approval process smooth while keeping its financial security standards high.
| Eligibility Criteria | Details |
| Age | 21 – 65 years (at loan maturity) |
| Employment Type | Salaried or Self-Employed |
| Minimum Loan Amount | ₹3 Lakhs |
| Loan Tenure | Up to 30 years |
| Minimum Work Experience | Salaried: 1 year with current employer
Self-Employed: 3 years in the same business |
| Minimum Income | As per Axis Bank norms |
| Existing Loan Track Record | At least 12 EMIs paid to the current lender |
| Credit Score | Preferably 700 or above |
| Property Type | Residential (ready-to-move, under-construction, resale) |
| Co-applicant Requirement | Mandatory in case of joint ownership of property |
Axis Bank Home Loan Balance Transfer – Documents Required
| KYC Documents Required: | 1. Identity proof: PAN card, passport, voter ID, Aadhaar card, or driving license
2. Address proof: Recent utility bills, Aadhaar card, or passport 3. Age proof: Documents showing your date of birth |
| Income Verification Documents: | 1. Salaried applicants need their latest 3 months’ salary slips, Form 16, and bank statements from the last 6 months
2. Self-employed applicants should provide IT returns and financial statements from the past three years |
| Other Documents: | Property-related documents, Existing Home Loan Details, Repayment Track Record, and No Objection Certificate (NOC). |
The bank usually approves loans within 15 days after verifying documents and appraising the property, as long as everything is accurate and complete.
Conclusion
Axis Bank home loan balance transfer helps reduce your monthly EMI burden with competitive interest rates that start from 8.75%* p.a. The flexible loan terms extend up to 30 years, and the top-up loan facility makes this option a great choice for Indian homeowners who want to optimize their existing home loans.
The transparent fee structure enhances this financial product’s appeal with a 1%* processing fee cap and zero prepayment charges on floating-rate loans. Women borrowers receive special interest concessions, while daily reducing balance interest calculations ensure maximum value from your balance transfer.
