5 Crore Home Loan Axis Bank

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Axis Bank Home Loan Balance Transfer

Axis Bank offers Home Loans of up to 5 Crores to help you purchase your dream home. With the Axis Bank 5 Crore Home Loan, you can enjoy many benefits, including the choice of interest rate type, a transparent online application process, and the option to transfer your existing home loan balance to Axis Bank. The bank also offers unique products like the Axis Bank Fast Forward Home Loan, which rewards you with a concession of 12 EMIs on regular payments on long-tenure loans (minimum 20 years). Plus, the Super Saver Home Loan allows you to invest surplus funds to earn interest, helping you offset your home loan's interest charges. Therefore, Axis Bank Home Loan is one of the most affordable Home Loans on the market and one of the most flexible ones.

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Table of Content

1. 5 Crore Home Loan Axis Bank Highlights

2. 5 Crore home loan EMI for 10 years Axis Bank

3. 5 Crore home loan EMI for 20 years Axis Bank

4. 5 Crore Axis Bank home loan Fees and Charges

5. 5 Crore Axis Bank home loan Documents Required

6. 5 Crore Axis Bank home loan Eligibility Criteria

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

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.

5 Crore Home Loan Axis Bank – Highlights

Feature	Description
Interest Rate	Salaried: starting from 8.70% Self-employed: starting from 9.10%
Loan Limit	Up to 5 Crore
Tenure Limit	30 years
Any Hidden Fees/Charges	No hidden fees/charges

5 Crore home loan EMI for 10 years Axis Bank

The 5 Crore loan EMI calculator of Axis Bank can give you an exact estimate of your monthly EMI based on your home loan interest rate. Here are some calculations of a 5 Crore home loan EMI for 10 years in Axis Bank at different interest rates.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
5,00,00,000	10 years	8.70% (Salaried)	6,25,290	2,50,34,740	7,50,34,740
5,00,00,000	10 years	9.10% (Non-salaried)	6,36,088	2,63,30,562	7,63,30,562

5 Crore home loan EMI for 20 years Axis Bank

Axis Bank offers different interest rates based on the applicant’s profession. Here are general projections of a 5 Crore home loan EMI for 20 years in Axis Bank calculated at 8.70% and 9.10% interest rates.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
5,00,00,000	20 years	8.70% (Salaried)	4,40,261	5,56,62,751	10,56,62,751
5,00,00,000	20 years	9.10% (Non-salaried)	4,53,084	5,87,40,082	10,87,40,082

5 Crore Axis Bank home loan – Fees and Charges

Particulars	Fees/Charges (not inclusive of GST)
Processing Fees	Fee is either a minimum of Rs. 10,000 or up to 1% of the loan amount.
Foreclosure Charges	Floating rate: Nil Fixed-rate: 2% on remaining loan
Delayed EMI Payment Penalty	2% per month, maximum 24% per annum

5 Crore Axis Bank home loan – Documents Required

Application Form and PAN Card (mandatory)
Aadhar Card (mandatory only for applicants applying for PMAY subsidy)
Proof of identity, address, DOB and Signature
Proof of Income

Salaried Applicant: 3 months salary slips and 6 Bank Statement

Self-Employed and Business Owners: 2 years ITR and P&L sheet of business
Previous Loan Documents, NOC, etc
Property Insurance form (mandatory)
Documents of Property/Plot Purchase or Lease Documents

Besides the listed documents, the bank may require additional ones for verification of applicant eligibility.

5 Crore Axis Bank home loan – Eligibility Criteria

The criteria for 5 Crore home loan eligibility in Axis Bank is highly flexible, offering accessibility to more borrowers.

For Salaried Individuals

Minimum age: Over 21 years of age at the start of the loan.
Maximum age: Under 60 years at the time of loan maturity or time of retirement.
Professional background: State/Central Government Employee or Private Company/Firm Employee

For Professionals

Minimum age: Over 21 years of age at the start of the loan.
Maximum age: Under 65 years at the time of loan maturity.
Professional background: Qualified professionals with a related education degree to work in that field.

For Self-Employed Individuals

Minimum age: Over 21 years of age at the start of the loan.
Maximum age: Under 65 years at the time of loan maturity.
Professional background: Any professional

Frequently Asked Question (FAQs)

What is the EMI for a 5 Crore Home Loan for 20 years in Axis Bank?

The Axis Bank offers an EMI of Rs. 4,40,261 monthly interest rate of 8.70% for a 5 Crore loan. Meanwhile, the monthly EMI is Rs. 4,53,084 for the same loan amount at a monthly interest rate of 9.10%.

Who is eligible for a 5 Crore Home loan in Axis Bank?

Applicants aged 21 and above can apply for a 5 Crore home loan eligibility in Axis Bank if they have a stable source of adequate income to repay the loan.

What is the monthly interest rate of a 5 Crore home loan in Axis Bank?

The monthly Axis Bank home loan interest rate of 5 Crore for employees with a salary starts at 8.70%. For self-employed customers, the interest rate starts at 9.10%.