Axis Bank, a leading lending agency of the country, provides home loans, which have no provision for penalty if a customer chooses for early closure. Banks usually charge a penalty for prepayment of loans in order to discourage customers from switching to other lending agency. However, Axis Bank has defied the convention and allowed customers for an early repayment of their loan liabilities without paying anything extra.
Other features of Axis Bank Home Loans include attractive interest rates, doorstep service, balance transfer facility and option to choose from fixed rate or floating rate. The loan is available for purchase or construction of new houses as well as for repair and renovation of existing ones. The bank has a maximum repayment period of upto 20 years. | 
