70 Lakh Home Loan Axis Bank
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- Axis Bank Home Loan for Government Employees
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- Axis Bank Home Loan for Salaried Person
- Axis Bank Home Loan for Women & Housewife
Home loans are provided for salaried, self-employed, and salaried NRI borrowers at Axis Bank. You can choose from both floating and fixed rates of interest here. The tenures of Axis Bank's70 Lakh Home Loans usually go up to 30 years. Several schemes are available, including the Asha Home Loan, Shubh Aarambh Home Loan, Super Saver Home Loan, and QuikPay Home Loan. You can also transfer your current home loan to Axis Bank, which has several benefits. The application procedure is also fully transparent; you do not have to pay prepayment charges for loans with floating interest rates.
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Table of Content
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Reviewed By70 Lakh Home Loan Axis Bank – Highlights
| Feature | Description |
| Interest Rate |
|
| Loan Amount | Up to 5 Crore |
| Tenure | 30 years |
| Any Hidden Charges | No hidden charges |
70 Lakh home loan emi for 10 years Axis Bank
With support from a 70 Lakh loan emi calculator of Axis Bank, you can easily work out the expected 70 Lakh home loan emi for 10 years in Axis Bank. Here’s taking a closer look.
| Amount | Duration | Interest Rate | EMI per Month | Total Interest Paid on Loan Amount | Total Amount Repaid |
| 70,00,000 | 10 years | 8.70% (Salaried) | 87,541 | 35,04,864 | 1,05,04,864 |
| 70,00,000 | 10 years | 9.10% (Non-salaried) | 89,052 | 36,86,279 | 1,06,86,279 |
70 Lakh home loan emi for 20 years Axis Bank
Here’s what you need to know about the 70 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 |
| 70,00,000 | 20 years | 8.70% (Salaried) | 61,637 | 77,92,785 | 1,47,92,785 |
| 70,00,000 | 20 years | 9.10% (Non-salaried) | 63,432 | 82,23,612 | 1,52,23,612 |
70 LakhAxis Bank home loan – Fees and Charges
| Particulars | Charges (not including GST) |
| Processing Charges | Till 1% of the loan amount, subject to a minimum sum of Rs. 10,000 |
| Prepayment Charges, including part prepayment for floating rate loan | Zero charges |
| Prepayment Charges for a fixed-rate loan | 2% of the principal outstanding amount |
| 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 – Zero fees |
| When an effective rate is to be revised – 0.5% on the outstanding principal amount, with a minimum sum of Rs. 10,000 | |
| Switching Fees (Floating Rate to Fixed Rate) | 1% on the outstanding principal amount with a minimum sum of 10,000/- |
| Switching Fees (Fixed Rate to Floating Rate) | 2% on the outstanding principal |
| Repayment Instruction/Cheque Return Charges | Rs. 500 for every instance |
| Cheque/Instrument Swap Charges | Rs. 500 for every instance |
| Duplicate Statement Issuance Charges | Rs. 250 for every instance |
| Duplicate Amortization Schedule Issuance Charges | Rs. 250 every time |
| Duplicate Interest Certificate (Provisional/Actual) Issuance Charges | Rs. 250 each time |
| CERSAI charges | For loans up to Rs. 5 lakh it is Rs. 50 |
| For loans above Rs. 5 lakh it is Rs. 100 | |
| Loan Cover/ Insurance | Based on the agreement of the bank |
70 Lakh Axis Bank home loan – Documents Required
Here’s what you require:
| KYC | PAN Card, Aadhar Card, ID, Address, Date of Birth, and Signature Proof |
| Income | Salaried- 3 months salary slips
Self-employed- 2 years ITR + P&L sheet Bank statements for 6 months |
| Other Documents | Property sale/purchase documents
Existing loan documents Property insurance form |
70 Lakh Axis Bank home loan – Eligibility Criteria
Here’s what you need to know about the eligibility for a 70 Lakh home loan at Axis Bank.
| Age | 21-60 years for salaried
21-65 years for self-employed |
| Professional Background | Proven income for self-employed
Government/private employment for salaried (permanent position) Qualification and credentials for professionals |
Frequently Asked Question (FAQs)
What is the EMI for a 70 Lakh Home Loan for 20 years in Axis Bank?
The monthly 70 Lakh home loan emi in Axis Bank stands at around Rs.61,637 at 8.70%. At the same time, the amount will be Rs.63,432 at 9.10%.
Who is eligible for a 70 Lakh Home loan in Axis Bank?
You need not worry about eligibility for a 70 Lakh home loan with Axis Bank. You must fulfil the bank’s age, income criteria, and other requirements.
What is the monthly interest rate of a 70 Lakh home loan in Axis Bank?
8.70-9.10% is the annual Axis Bank home loan interest rate for 70 Lakh.
