Axis Bank Quikpay Home Loans

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Axis Bank QuikPay home loans are designed in a way that makes home buying much easier and more affordable. This loan type helps you pay off a larger part of the principal amount in the early years. This way, your monthly payments will be reduced over time, saving you money on interest. This loan can be used to buy a ready or under-construction property, a plot with construction, or even a resale home. It is also suitable for the construction of a new house. The loan offers flexible features and impressive interest rates, allowing existing home loan transfers to enjoy better benefits.

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Table of Content

1. Axis Bank Quikpay Home Loans Highlights

2. Axis Bank Quikpay Home Loans Features and Benefits

3. Axis Bank Quikpay Home Loans Interest Rates

3.1 Salaried Employees

3.2 Self-Employed Individuals

3.3 Fixed Interest Rate Loans

4. Axis Bank Quikpay Home Loans Fees and Charges

5. Axis Bank Quikpay Home Loans Eligibility Criteria

6. Axis Bank Quikpay Home Loans Documents Required

7. Axis Bank Quikpay Home Loans EMI Calculator

Written By

Rishabh Baisoy

With a background in journalism and mass communications, Rishabh might be clueless about his plans for the evening, but he clearly knows what to write. A proud cinephile, Rishabh makes the perfect choice to discuss any movie with. Poetry holds a special place in his heart, which mingles well with his wanderlust personality. While he physically exists in India, his heart beats for the red part of Merseyside. Rishabh educates and empowers readers towards financial success at Urban Money.

Reviewed By

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 Quikpay Home Loans – Highlights

Here are the key features of the Axis Bank Quickpay home loan:

Feature	Details
Loan Purpose	Purchase of ready/under construction property, resale, or plot with construction
Minimum Loan Amount	₹3 lakh
Interest Rate (Salaried)	Starting at 7.95% per annum
Interest Rate (Self-Employed)	Starting at 8.20% per annum

Axis Bank Quikpay Home Loans – Features and Benefits

Here are some key features and benefits of Quickpay home loans by Axis Bank:

You can use this loan to buy a ready or under-construction property, build your own house, or buy a resale property or plot with construction.
Most of the principal loan amount is paid during the early years of the loan. It reduces your monthly instalments over time.
Monthly payments are lower than regular home loans, helping you save money.
You can transfer your existing home loan to the Axis Bank QuikPay home loan for better benefits and savings.
There are no charges for paying off the loan early.

Axis Bank Quikpay Home Loans Interest Rates

The interest rates of the Axis Bank Quickpay home loan are given below:

Salaried Employees

Interest rates start from 7.95% per annum.
If the credit score is 751 and above, the interest rate is 8.75% per annum.
If the credit score is 700 to 750, the interest rate is 9.50% per annum.
If the credit score is below 700, the interest rate is 9.65% per annum.

Self-Employed Individuals

The interest rate starts at 8.20% per annum.
If the credit score is 751 and above, the interest rate is 9.10% per annum.

Fixed Interest Rate Loans

The fixed interest rate for all other home loan products is 14% per annum.

Axis Bank Quikpay Home Loans – Fees and Charges

Here are the fees and charges of Quickpay home loans by Axis Bank:

Fee Type	Details
Processing Fee	1% of the loan amount or ₹10,000 (whichever is higher)
Prepayment Charges	No prepayment charges
Equitable Mortgage Charges	Charges applicable as per Axis Bank policy
Stamping Charges	Charges as per state law regulations
Late Payment Penalty	As per Axis Bank guidelines

Axis Bank Quikpay Home Loans – Eligibility Criteria

The eligibility criteria for the Axis Bank Quickpay home loans are as follows:

Criteria	Details
Age	Minimum: 21 years Maximum: 65 years at loan maturity
Employment Type	Salaried employees, self-employed individuals, and professionals (e.g. doctors, engineers)
Loan Amount	Minimum loan amount: ₹3 lakh
Income Stability	Stable employment or income history is required

Axis Bank Quikpay Home Loans – Documents Required

Following are the required documents for the Axis Bank Quickpay home loans:

Document Type	Details
Mandatory Documents	Completed application form, PAN card
Identity Proof (any one)	Aadhaar card, Passport, Voter ID, Driving Licence, Government Employee ID
Address Proof (any one)	Aadhaar card, Voter ID, Driving Licence, Government Employee ID, Utility Bills
Date of Birth Proof (any one)	PAN card, Aadhaar card, Passport, Birth Certificate, SSC Marksheet
Signature Proof (any one)	PAN card, Passport, Banker’s Verification, Notarised Affidavit
Income Proof (Salaried)	Last 3 months payslips, Form 16 for the last two years, six months’ bank statement
Income Proof (Self-Employed)	ITR for the last 2 years, Income Computation, P&L account, Balance Sheet with CA seal
Income Proof (NRI Salaried)	Passport copy, Visa/OCI card, Payslips for last 3 months, 6 months’ bank statements
Balance Transfer Documents	Existing loan details, Loan account statement for the past 12 months, Outstanding letter

Axis Bank Quikpay Home Loans EMI Calculator

The Axis Bank QuikPay home loan EMI calculator helps you calculate your monthly payments easily. Enter your loan amount, interest rate, and tenure, and the calculator will tell you the expected EMI amount. It is a simple tool to plan your finances. You can adjust the inputs to see how different amounts or tenures affect your payments. This way, you can choose the best option for your budget. Use it to learn about your monthly instalments before applying for the loan.