Axis Bank Empower Home Loan Scheme

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The Empower Home Loan is a specialised credit scheme exclusively designed for self-employed individuals. As you may be aware, securing any kind of credit approval can pose challenges for self-employed applicants. Moreover, if they get approved, it might also be contingent on unfavourable rates and terms. This is because lenders typically consider self-employed individuals as risky due to the irregular nature of their income.

However, dispel those concerns, as a rewarding and promising solution is available. Empower Home Loans at Axis Bank ensures that self-employed applicants enjoy lower interest rates, flexible repayment plans, zero prepayment charges, quick fund disbursal, and more. Additionally, you can avail of three guaranteed rate reductions on maintaining a good repayment record, further enriching the deal. Let's scroll down to learn more.

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Table of Content

1. Axis Bank Empower Home Loan Features and Benefits

2. Axis Bank Empower Home Loan Interest Rates

3. Axis Bank Empower Home Loan Fees and Charges

4. Eligibility Criteria For Axis Bank Empower Home Loan

5. Documents Required For Axis Bank Empower Home Loan

6. Other Home Loan Schemes by Axis Bank

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Written By
Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Axis Bank Empower Home Loan – Features and Benefits

Here are the features and benefits of an Empower Home Loan at Axis Bank:

  • Exclusively for self-employer
  • 3 Guaranteed rate reduction 
  • No prepayment charges
  • Easy documentation
  • Quick fund disbursement 
  • Personalised loan solutions 

Axis Bank Empower Home Loan Interest Rates

Here are the interest rates and other pertinent factors you should be aware of before initiating your loan application:

                                                                      Highlights
Interest Rates 9.10% p.a. onwards
Loan Amount Up to 90% of the property value
Loan Tenure Up to 30 years 
Eligibility Both professionals and non-professionals are eligible

Axis Bank Empower Home Loan Fees and Charges

Here are the expected fees and charges of Empower Home Loans at Axis Bank:

Fee/Charge Amount
Processing fee Up to 1% of the loan amount, subject to ₹10,000 + taxes
Log in fee ₹10,000
Prepayment charges Nil
Late payment charges 24% p.a. on the overdue

instalment(s)
Cheque return/repayment instruction ₹500 /- per instance
Duplicate statement issuance charges ₹250 /- per instance
Issuance charges for photocopy of title documents ₹500 /- per document set
Cheque/instrument swap charges ₹500 /- per instance
Equitable mortgage creation charges As applicable in the state
Stamp duty & other statutory charges  As per applicable laws of the state

Eligibility Criteria For Axis Bank Empower Home Loan

Here are the required eligibility criteria for the Empower Home Loans at Axis Bank:

  • You must be a self-employed applicants  
  • You must be a minimum of 21 years old and a maximum of 70 years old at loan maturity.
  • You must have a good credit score and repayment history.
  • You must be an Indian resident. 

Documents Required For Axis Bank Empower Home Loan

Here are the documents required to apply for the Empower Home Loans at Axis Bank:

  • Proof of Identity: PAN Card, Aadhaar Card, Passport, or Driving License.
  • Proof of Address: Electricity Bill, Gas Bill, Telephone Bill, or Voter ID.
  • Proof of Income: 2-year ITR along with computation of income signed by CA, last 6-month bank statement for both personal and business accounts.

Other Home Loan Schemes by Axis Bank

Asha Home Loan Scheme Super Save Home Loan Scheme
Fast Forward Home Loan Scheme
Urban Money

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