1 Crore Axis Bank Home Loan

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Axis Bank's 1 Crore Home Loan is the perfect loan scheme for individuals looking to buy their dream home. The loan is available for salaried, self-employed, and salaried NRI individuals. With a tenure of up to 30 years, you can choose a suitable EMI plan that you can afford. Additionally, Axis Bank offers an array of unique home loan products, such as the Shubh Aarambh Home Loan, Asha Home Loan, Super Saver Home Loan, and QuikPay Home Loan, all designed to cater to different needs. With a transparent online application process and the option to transfer an existing home loan balance to Axis Bank, you can easily fulfil your dream of owning a home without hassle.

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Table of Content

1. 1 Crore Home Loan Axis Bank Highlights

2. 1 Crore Home Loan EMI for 10 Years Axis Bank

3. 1 Crore Axis Bank Home Loan EMI for 20 Years

4. 1 Crore Axis Bank home loan Fees and Charges

5. Documents Required For 1 Crore home loan From Axis Bank

6. Eligibility Criteria For 1 Crore Home Loan From Axis Bank

6.1 For Salaried Individuals

6.2 For Professionals

6.3 For Self-Employed Individuals

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

1 Crore Home Loan Axis Bank – Highlights

Feature	Description
Interest Rate	Salaried: 8.70% onwards Non-salaried: 9.10% onwards
Loan Amount	Up to 5 Crore
Tenure	30 years
Any Hidden Charges	No hidden charges

1 Crore Home Loan EMI for 10 Years Axis Bank

The 1 Crore loan emi calculator of Axis Bank is a useful tool that can help you calculate your EMI accurately. Here is a general estimate of a 1 Crore home loan emi for 10 years in Axis Bank using the same principle that the EMI calculator uses.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
1,00,00,000	10 years	8.70% (Salaried)	1,25,058	50,06,948	1,50,06,948
1,00,00,000	10 years	9.10% (Non-salaried)	1,27,218	52,66,112	1,52,66,112

1 Crore Axis Bank Home Loan EMI for 20 Years

Here is an estimate of a 1 Crore home loan emi for 20 years in Axis Bank.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
1,00,00,000	20 years	8.70% (Salaried)	88,052	1,11,32,550	2,11,32,550
1,00,00,000	20 years	9.10% (Non-salaried)	90,617	1,17,48,016	2,17,48,016

1 Crore Axis Bank home loan – Fees and Charges

Particulars	Fees/Charges (not inclusive of GST)
Processing Charges	Up to 1% of the loan amount, subject to a minimum of Rs. 10,000
Prepayment Charges, including part prepayment for floating rate loan	Nil
Prepayment Charges for a fixed-rate loan	2% of the outstanding principal amount
Penal Interest Rate	24% per annum divided equally each month (2% per month)
Switching Fees for changing Base Rate/BPLR to MCLR	No charges in case the interest rate remains the same
Switching Fees for changing Base Rate/BPLR to MCLR	When the interest rate is different – 0.5% on the outstanding principal (minimum of Rs. 10,000)
Switching Fees (Floating Rate to Fixed Rate)	1% on the outstanding principal/minimum of 10,000/- (whichever is higher)
Switching Fees (Fixed Rate to Floating Rate)	2% of the due principal amount
Repayment Instruction/Cheque Return Charges	Rs. 500 per request
Cheque/Instrument Swap Charges	Rs. 500 per request
Duplicate Statement Issuance Charges	Rs. 250 per request
Duplicate Amortization Schedule Issuance Charges	Rs. 250 per request
Duplicate Interest Certificate (Provisional/Actual) Issuance Charges	Rs. 250 per request
CERSAI charges	Rs. 50 for loans up to Rs. 5 lakh
CERSAI charges	Rs. 100 for loans above Rs. 5 lakh
Loan Cover/ Insurance	As per the bank’s agreement

Documents Required For 1 Crore home loan From Axis Bank

Application Form and PAN Card (mandatory for all applicants)
Aadhar Card (mandatory for applicants applying for PMAY subsidy)
Any government-issued ID Proof
Proof of Current Residential Address
Signature proof
Proof of Income (depending on the applicant’s occupation)

3 months salary slips (salaried applicants)
6 Bank Statement
2 years ITR and P&L sheet of business (self-employed applicants)

Documents of Existing Loans, if any
Property Insurance form (mandatory)
Property Documents

Apart from the listed documents, the bank may require other additional documents.

Eligibility Criteria For 1 Crore Home Loan From Axis Bank

The criteria for 1 Crore home loan eligibility in Axis Bank is highly flexible, offering accessibility to a greater number of borrowers.

For Salaried Individuals

Minimum age: 21 or above at the start of the loan.
Maximum age: Under 60 years/time of retirement when the loan matures.
Professional background: Employed in the government or private sectors with a permanent position.

For Professionals

Minimum age: At least 21 at the time of loan application.
Maximum age: Not more than 65 years at the time of loan maturity.
Professional background: Professionals with an education degree related to their practice (Doctors, engineers, architects, chartered accountants, etc.)

For Self-Employed Individuals

Minimum age: Not less than 21 years at the start of the loan.
Maximum age: Not over 65 years at loan maturity.
Professional background: Proven source of recent income

Frequently Asked Questions (FAQs)

What is the EMI for a 1 Crore Home Loan for 20 years in Axis Bank?

The monthly 1 Crore home loan emi in Axis Bank for salaried borrowers is Rs. 88,052 at the monthly interest rate of 8.70%. However, loan EMI for non-salaried at 9.10% is Rs. 90,617.

Who is eligible for a 1 Crore Home loan in Axis Bank?

The 1 Crore home loan eligibility in Axis Bank includes the age limit and monthly income. Anyone between 21-65 can apply if they have a stable income.

What is the monthly interest rate of a 1 Crore home loan in Axis Bank?

The monthly Axis Bank home loan interest rate for 1 Crore starts from 8.70% and 9.10% for salaried and non-salaried borrowers, respectively.