The Home Loan market is getting hotter with each new scheme launched by the biggies in the space. And it seems the dual rate game is here to stay.

Axis bank has just launched ‘Power Advantage Home Loan’ scheme- wherein customers can lock in their home loan rates at 8.25 per cent for the first two years followed by a floating rate.

AXIS BANK HOME LOAN

FEATURES

1)Attractive interest rates
2)Balance Transfer facility
3)Doorstep service
4)Option to choose from floating rate or fixed rate

LOAN PURPOSES
1)Purchase of a plot of land and construction of a house thereon
2)Construction of a house on plot of land already owned
3)Purchase of a new house or flat
4)Residual age of the property should not be less than 30 years old (Home Acquisition Plan)
5)Extension or renovation or repair of a house or flat already owned by self (improvement or extension plan)
6)Take-over of existing Housing Loan (Balance Transfer)
7)Pre-allotment booking finance