2 Crore Axis Bank Home Loan

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Buying a new home is a big step and requires a considerable financial commitment. With Axis Bank, you can finance your dream home without any worries. Axis Bank offers flexible repayment options, competitive interest rates, and a transparent online application process to make your home loan journey hassle-free. What's more, Axis Bank's 2 Crore Home Loan comes with different options for interest rates, allowing you to choose one that fits your plans better. So, now you can plan your dream home purchase without exhausting your savings. Take the first step towards your dream home today with Axis Bank Home Loans.

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Table of Content

1. 2 Crore Home Loan Axis Bank Highlights

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

3. 2 Crore home loan emi for 20 years Axis Bank

4. 2 Crore Axis Bank home loan Fees and Charges

5. Documents Required For 2 Crore Axis Bank home loan

6. 2 Crore Axis Bank Home Loan Eligibility Criteria

Read more
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Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
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Piyush Bothra
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.

2 Crore Home Loan Axis Bank – Highlights

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

2 Crore Home Loan EMI for 10 Years Axis Bank

You can easily use a 2 Crore loan emi calculator from Axis Bank to work out your EMIs. Here is how a 2 Crore home loan emi for 10 years inAxis Bank will pan out: 

Loan Amount Tenure Interest Rate EMI per Month Total Interest Paid on Loan Amount Total Amount Repaid
2,00,00,000 10 years 8.70% (Salaried) 2,50,116 1,00,13,896 3,00,13,896
2,00,00,000 10 years 9.10% (Non-salaried) 2,54,435 1,05,32,225 3,05,32,225

2 Crore home loan emi for 20 years Axis Bank

Look at this estimate of the 2 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
2,00,00,000 20 years 8.70% (Salaried) 1,76,105 2,22,65,100 4,22,65,100
2,00,00,000 20 years 9.10% (Non-salaried) 1,81,233 2,34,96,033 4,34,96,033

2 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 Zero
Prepayment Charges for a fixed-rate loan 2% of the principal outstanding
Penal Interest Rate 24% per annum / 2% per month
Switching Fees (Base Rate/BPLR to MCLR) When the effective rate is to be kept the same – No fees
When an effective rate is to be revised – 0.5% on the outstanding principal, with a minimum of Rs. 10,000
Switching Fees (Floating Rate to Fixed Rate) 1% on the outstanding principal with a minimum of 10,000/-
Switching Fees (Fixed Rate to Floating Rate) 2% on the outstanding principal amount
Repayment Instruction/Cheque Return Charges Rs. 500 per instance
Cheque/Instrument Swap Charges Rs. 500 per instance
Duplicate Statement Issuance Charges Rs. 250 per instance
Duplicate Amortization Schedule Issuance Charges Rs. 250 per instance
Duplicate Interest Certificate (Provisional/Actual) Issuance Charges Rs. 250 per instance
CERSAI charges For loans up to Rs. 5 lakh – Rs. 50
For loans above Rs. 5 lakh – Rs. 100
Loan Cover/ Insurance As per the bank’s agreement

Documents Required For 2 Crore Axis Bank home loan

  1. Application Form and PAN Card (mandatory)
  2. Aadhar Card (mandatory for PMAY subsidy)
  3. Proof of identity
  4. Proof of address
  5. Date of Birth Proof 
  6. Signature proof
  7. Proof of Income
  • 3 months salary slips (salaried applicants)
  • Bank Statements
  • 2 years ITR and P&L sheet of business (self-employed applicants)
  1. Documents of Existing Loans
  2. Property Insurance form (mandatory)
  3. Property Sale/Lease Documents

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

2 Crore Axis Bank Home Loan – Eligibility Criteria

The criteria for 2 Crore home loan eligibility in Axis Bank is quite convenient 

  • Salaried Borrowers – Aged 21-60 years and employed in permanent Government or private sector positions. 
  • Professionals– 21-65 years and qualified with education degrees.
  • Self-employed- 21-65 years with a proven income source.

Frequently Asked Questions (FAQs)

What is the EMI for a 2 Crore Home Loan for 20 years in Axis Bank?

The monthly 2 Crore home loan EMI in Axis Bank is Rs.1,76,105 at 8.70% and Rs.1,81,233 at 9.10%.

Who is eligible for a 2 Crore Home loan in Axis Bank?

The criteria for 2 Crore home loan eligibility in Axis Bank are not as strict as in other banks. Any applicant between the ages of 21 and 65 can apply for the loan if they have a stable income to afford the EMIs.

What is the monthly interest rate of a 2 Crore home loan in Axis Bank?

The monthly Axis Bank home loan interest rate for 2 Crore can start from 8.70% to 9.10% and upwards.

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