The third largest private sector bank in India, Axis Bank offers a range of financial products and services to both resident Indian customers as well as the NRI and OCI population. These include services to both individuals and corporates across various businesses.
Having commenced operations in 1994, the Bank has grown significantly with a footprint both within India and overseas. It has recorded a consistent growth and stable asset quality within a 5-year growth period.
Today, Axis Bank is a leader in its own right, with an impressive balance sheet size of Rs. 5,25,468 crore as on March 31, 2016. The home loans business too has expanded its reach, owing to the products available and the high service standards.
Axis Bank has an expansive network of over 2904 branches (including extension counters) in India as on March 31, 2016. The domestic branch network consists of 2402 branches, while the overseas operations are currently at seven offices across the globe. These include branches in Singapore, Hong Kong, Dubai International Finance Centre (DIFC), Colombo and Shanghai, with representative offices at Dubai and Abu Dhabi as well.
In addition, the newly launched subsidiary, Axis Bank UK Ltd. also started banking operations this year.
Let us take a look at the various Axis bank home loan products available at Axis Bank to suit every borrower’s needs:
In addition Axis Bank also offers the below mentioned special products:
In addition to the traditional practice of contacting the branch either telephonically or by visiting a branch to avail of a home loan, you can apply for a home loan with Axis Bank online, from the convenience of your home or office.
For existing loan account holders, online access to your account is available 24/7.
As per data released by Axis Bank, as at March 31, 2016 the operating profit was Rs. 16,104 crore, with a net profit of Rs. 8,224 crore. This is in keeping with the Bank’s year-on-year growth.
Axis Bank home loans also reward the borrowers by offering attractive rewards points – known as eDGE loyalty points – from the time that the loan is availed of, and continues on each anniversary of the loan until loan closure. These points are extended to borrowers who opt for top-up loans.
Axis Bank also has a list of approved projects which are termed so after careful evaluation to benefit borrowers.