4 Crore Axis Bank Home Loan
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- Axis Bank Home Loan for Salaried Person
- Axis Bank Home Loan for Women & Housewife
Whether you are planning on buying a luxury apartment or constructing a private villa, Axis Bank's 4 Crore Home Loan is the perfect loan scheme. With the option of applying for a long tenure of 30 years, you can repay the loan at your convenience. Plus, easy-to-meet eligibility criteria allow you to qualify for the loan with the best interest rates. The bank even offers special schemes for customers with varying financial criteria to make the loan accessible to everyone. So, no matter your financial circumstances, you can rely on Axis Bank's Home Loan schemes to get the home you have always dreamt of.
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Table of Content
Written By
Reviewed By4 Crore Home Loan Axis Bank – Highlights
| Feature | Description |
| Interest Rate |
|
| Offered Loan Amounts | Maximum Amount of5 Crore |
| Tenure | Up to 30 years |
| Any Hidden Charges | No hidden charges |
4 Crore home loan emi for 10 years Axis Bank
4 Crore home loan emi for 10 years in Axis Bank can be calculated using a 4 Crore loan emi calculator of Axis Bank. However, here is a general estimate for the loan EMI at the starting interest rates.
| Loan Amount | Tenure | Interest Rate | EMI per Month | Total Interest Paid on Loan Amount | Total Amount Repaid |
| 4,00,00,000 | 10 years | 8.70% (Salaried) | 5,00,232 | 2,00,27,792 | 6,00,27,792 |
| 4,00,00,000 | 10 years | 9.10% (Non-salaried) | 5,08,870 | 2,10,64,450 | 6,10,64,450 |
4 Crore home loan emi for 20 years Axis Bank
Here is a table projecting how much you have to pay on your 4 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 |
| 4,00,00,000 | 20 years | 8.70% (Salaried) | 3,52,209 | 4,45,30,201 | 8,45,30,201 |
| 4,00,00,000 | 20 years | 9.10% (Non-salaried) | 3,62,467 | 4,69,92,066 | 8,69,92,066 |
4 Crore Axis Bank home loan – Fees and Charges
| Particulars | Fees/Charges (not inclusive of GST) |
| Processing Charges | Maximum 1% of the loan amount (minimum of Rs. 10,000 is mandatory) |
| Prepayment Charges, including part prepayment for floating rate loan | No charges |
| Prepayment Charges on a fixed-rate loan | 2% of the remaining loan principal |
| Penalty Charges | 2% per month on the incurred interest |
| Fees for Switching Base Rate/BPLR type to MCLR type | No change in interest rate – Zero charges |
| Change in interest rate – additional one-time charge of 0.5% on the outstanding principal no lowerthan Rs. 10,000 | |
| Switching From Floating Rate to Fixed Rate | 1% on the outstanding principal amounting to10,000/- or higher |
| Changingfrom Fixed Rate to Floating Rate | Total of 2% on the outstanding principal loan amount |
| Repayment Instruction/Cheque Return Charges | Rs. 500 for each request |
| Cheque/Instrument Swap Charges | Rs. 500 per instance |
| Issuing a Duplicate Statement | Rs. 250 per statement |
| Duplicate Amortization Schedule Issuance Charges | Rs. 250 per instance |
| Requesting Issuance of Duplicate Interest Certificate (Provisional/Actual) | Rs. 250 per copy |
| CERSAI charges | Rs. 50 for loans amounting to Rs. 5 lakh or lower |
| Rs. 100 for loans Rs. 5 lakh to 5 Cr | |
| Loan Cover/ Insurance | The amount fixed by the Bank |
4 Crore Axis Bank home loan – Documents Required
- Application Forms and PAN Cards are mandatory
- Aadhar Card is optional unless applying for PMAY subsidy
- At least 1 Identity Proof
- Address Proof
- Date of Birth Proof as requested by the Bank
- Signature verification proof
- Proof of Source of Income
- 3 months salary slips (salaried applicants)
- Bank Statement of a minimum 6 months
- 2 years of ITR and Profit and Loss balance sheet of business (self-employed applicants)
- Previous Loan NOC, closure letter or approval letter
- Property Insurance form (mandatory)
- Documents of Property you are purchasing or leasing
These documents are essential. Other than these, the Bank may request additional supporting documents depending on the applicant’s eligibility.
4 Crore Axis Bank home loan – Eligibility Criteria
The 4 Crore home loan eligibility in Axis Bank is comparatively lenient.
For Salaried Individuals
- Age: 21-60
- Professional background: Permanent government employee or employed in the private sector.
For Professionals
- Age: 21-65
- Professional background: Professionals with an educational qualification in the practising profession.
For Self-Employed Individuals
- Age: 21-65
- Professional background: Any profession with a stable income
Frequently Asked Questions (FAQs)
What is the EMI for 4 Crore Home Loan for 20 years in Axis Bank?
The monthly 4 Crore home loan emi in Axis Bank can vary depending on the interest rate agreed upon with the Bank. For example, at a monthly interest rate of 8.70%, you must pay Rs.3,52,209 per month or Rs.3,62,467 if the interest rate is 9.10%.
Who is eligible for a 4 Crore Home loan in Axis Bank?
The age and income of the applicant influence 4 Crore home loan eligibility in Axis Bank. Therefore, anyone within the Bank’s age requirement of 21-65 with a proven source of income can apply for the loan.
What is the monthly interest rate of a 4 Crore home loan in Axis Bank?
The monthly Axis Bank home loan interest rate for 4 Crore is 8.70% and onwards for salaried applicants working in government or private sectors. However, the interest rate for self-employed is slightly higher, fixed at 9.10% minimum.
