60 Lakh Axis Bank Home Loan

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You will find diverse loan offerings at Axis Bank tailored to your needs. If you want to buy a new house or construct one, then the Axis Bank 60 Lakh Home Loan has you covered. You can opt for a fixed or floating interest rate. With a maximum tenure of 30 years, you can choose a repayment plan that suits your financial situation. Additionally, you can transfer your existing home loan balance to Axis Bank without any hassle. Moreover, there are no prepayment charges on floating interest rate home loans. With Axis Bank's transparent online application process, you can easily apply for a home loan from the comfort of your home.

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Table of Content

1. 60 Lakh Home Loan Axis Bank Highlights

2. 60 Lakh home loan emi for 10 years Axis Bank

3. 60 Lakh home loan emi for 20 years Axis Bank

4. 60 Lakh Axis Bank Home Loan Fees and Charges

5. 60 Lakh Axis Bank Home Loan Documents Required

6. 60 Lakh Axis Bank Home Loan Eligibility Criteria

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.

60 Lakh Home Loan Axis Bank – Highlights

Feature	Description
Interest Rate	8.70% onwards for salaried and 9.10% onwards for self-employed
Loan Amount	Till 5 Crore
Tenure	30 years
Any Hidden Charges	Zero hidden charges

60 Lakh home loan emi for 10 years Axis Bank

How can you estimate the 60 Lakh home loan emi for 10 years in Axis Bank? Here is a helpful 60 Lakh loan emi calculator of Axis Bank that will be useful.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
60,00,000	10 years	8.70% (Salaried)	75,035	30,04,169	90,04,169
60,00,000	10 years	9.10% (Non-salaried)	76,331	31,59,667	91,59,667

60 Lakh home loan emi for 20 years Axis Bank

Check out an estimate of the 60 Lakh 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
60,00,000	20 years	8.70% (Salaried)	52,831	66,79,530	1,26,79,530
60,00,000	20 years	9.10% (Non-salaried)	54,370	70,48,810	1,30,48,810

60 Lakh Axis Bank Home Loan – Fees and Charges

Category	Fees/Charges (without GST)
Processing Charges	Till 1% of the loan amount, with 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 outstanding principal amount
Penal Interest Rate	2% per month or 24% per annum
Switching Fees (Base Rate/BPLR to MCLR)	When the effective rate will remain the same – No fees
Switching Fees (Base Rate/BPLR to MCLR)	When the effective rate will be revised – 0.5% on the outstanding principal amount, with the minimum being Rs. 10,000

60 Lakh Axis Bank Home Loan – Documents Required

Application Form and PAN Card
Identity, address, and date of birth proof
Signature proof
Income proof (salary slips for three months/2 months ITR + P&L sheet)
Bank statements
Existing loan documents
Aadhar Card
Property insurance form and property sale/lease documents

60 Lakh Axis Bank Home Loan – Eligibility Criteria

Here’s what you need to know about the basic 60 Lakh home loan eligibility in Axis Bank.

The age for salaried borrowers should be between 21 and 60 years. The maximum age limit is 65 for professionals and self-employed borrowers.
Salaried borrowers should have permanent positions in the Government or private sector.
Professionals should possess adequate qualifications and education for their practices.
Self-employed borrowers should have valid income sources.

Frequently Asked Questions (FAQs)

What is the EMI for a 60 Lakh Home Loan for 20 years in Axis Bank?

The monthly 60 Lakh home loan EMI in Axis Bank will be approximately Rs.52,831 at the 8.70% interest rate. If it increases to 9.10%, then the EMI will change to Rs. 54,370.

Who is eligible for a 60 Lakh Home loan in Axis Bank?

Since the 60 Lakh home loan eligibility in Axis Bank is quite simple, you only have to meet the age limit (21-65 years, depending on the borrower category) and the income requirements.

What is the monthly interest rate of a 60 Lakh home loan in Axis Bank?

The Axis Bank home loan interest rate for 60 Lakh can be 8.70 – 9.10% monthly.