35 Lakh Axis Bank Home Loan

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You will find numerous home loan offerings at Axis Bank. They are all tailored to enable your dreams of home ownership seamlessly. There is the Axis Bank 35 Lakh Home Loan, which benefits salaried and self-employed borrowers, NRIs (non-resident Indians), and even those belonging to the lower-income groups. The loan amounts at the bank can start from Rs. 1 lakh on average, and you can choose the amount that matches your needs. The maximum loan amount usually goes up to Rs. 5 crore.

You can also select your home loan tenure to repay the loan comfortably. The bank offers special offers, including the Shubh Aarambh Home Loan scheme. Here, you get 12 EMIs as a discount on regular EMI payments as a reward. You can also opt for the QuikPay Home Loan product to lower your monthly payments.

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Table of Content

1. 35 Lakh Home Loan Axis Bank Highlights

2. 35 Lakh Home Loan Emi for 10 Years Axis Bank

3. 35 Lakh Home Loan EMI for 20 Years Axis Bank

4. 35 Lakh Axis Bank Home Loan Fees and Charges

5. 35 Lakh Axis Bank Home loan Documents Required

6. 35 Lakh Axis Bank Home Loan Eligibility Criteria

6.1 For Salaried

6.2 For Professionals

6.3 Self-Employed Borrowers

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

35 Lakh Home Loan Axis Bank – Highlights

Feature	Description
Interest Rate	8.70% onwards for salaried personnel 9.10% onwards for self-employed borrowers
Loan Amount	Up to a maximum of Rs. 5 crore
Tenure	30 years
Any Hidden Charges	Zero

35 Lakh Home Loan Emi for 10 Years Axis Bank

You do not have to worry about the EMI calculation on your loan. You can simply use Axis Bank’s 35 lakh loan EMI calculator. Here is how your 35 Lakh home loan EMI for 10 years will look in Axis Bank.

Amount	Duration	Rate of Interest	Monthly EMI	Total Interest Cost	Total Repayment
35,00,000	10 years	8.70% (Salaried)	43,770	17,52,432	52,52,432
35,00,000	10 years	9.10% (Non-salaried)	44,526	18,43,139	53,43,139

35 Lakh Home Loan EMI for 20 Years Axis Bank

Here is an understanding of the 35 Lakh home loan emi for 20 years in Axis Bank.

Amount	Duration		Rate of Interest		Monthly EMI		Total Interest Cost		Total Repayment
35,00,000		20 years		8.70% (Salaried)		30,818		38,96,393		73,96,393
35,00,000		20 years		9.10% (Non-salaried)		31,716		41,11,806		76,11,806

35 Lakh Axis Bank Home Loan – Fees and Charges

Here is a closer look at your home loan’s applicable fees and charges.

Category	Fees (does not include GST)
Processing Charges	Up to 1% of the loan amount (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 outstanding principal amount
Penal Interest Rate	24% per annum or 2% per month
Switching Fees (Base Rate/BPLR to MCLR)	No fees (when the effective rate is to be kept at the same threshold)
Switching Fees (Base Rate/BPLR to MCLR)	When the effective rate is to be revised – 0.5% on the outstanding principal amount, with a minimum of Rs. 10,000
Switching Fees (Floating Rate to Fixed Rate)	1% on the principal amount outstanding with a minimum of 10,000/-
Switching Fees (Fixed Rate to Floating Rate)	2% on the principal amount outstanding
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
CERSAI charges	For loans above Rs. 5 lakh – Rs. 100
Loan Cover/ Insurance	As per the bank’s agreement

35 Lakh Axis Bank Home loan – Documents Required

Here are some of the documents that you will require for your home loan:

Aadhar Card (needed for PMAY subsidy)
PAN Card
Application Form
Address and Identity Proof
Proof of Date of Birth
Income Proof (salary slips for 3 months and 6 months’ bank statements. Self-employed borrowers have to provide a P&L business sheet and ITR for two years instead of salary slips)
Proof of Signature
Any existing loan documents
Form for property insurance (compulsory)
Property lease/sale documents

Other documents may also be sought by the bank, subject to requirements.

35 Lakh Axis Bank Home Loan – Eligibility Criteria

Are you eligible for a 35 Lakh home loan at Axis Bank? Here’s looking at the criteria followed by the institution:

For Salaried

Minimum age– 21 at the beginning of the home loan and maximum age- under 60 years at the time of maturity/retirement
Permanent job/employment in any private/government organisation

For Professionals

Minimum age- Over 21
Maximum age- Less than 65 at loan maturity
Professionals must be qualified educationally and may include doctors, architects, engineers, management consultants, chartered accountants, etc.

Self-Employed Borrowers

Income source proof
Minimum age- 21
Maximum age- 65 at the time of maturity

Frequently Asked Questions (FAQs)

What is the EMI for a 35 Lakh Home Loan for 20 years in Axis Bank?

The 35 Lakh home loan emi in Axis Bank is Rs.30,818 per month, assuming an interest rate of 8.70%. If it is 9.10%, the EMI will be Rs.31,716 monthly.

Who is eligible for a 35 Lakh Home loan in Axis Bank?

Borrowers between 21 and 65 may be eligible for a 35 Lakh home loan from Axis Bank if they have a proper income source as required by the bank.

What is the monthly interest rate of a 35 Lakh home loan in Axis Bank?

The interest rate for Axis Bank home loan interest rate for 35 Lakh is between 8.70-9.10%.