70 Lakh Home Loan Axis Bank

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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

1. 70 Lakh Home Loan Axis Bank Highlights

2. 70 Lakh home loan emi for 10 years Axis Bank

3. 70 Lakh home loan emi for 20 years Axis Bank

4. 70 LakhAxis Bank home loan Fees and Charges

5. 70 Lakh Axis Bank home loan Documents Required

6. 70 Lakh 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.

70 Lakh Home Loan Axis Bank – Highlights

Feature	Description
Interest Rate	Salaried: 8.70% and upwards Self-employed: 9.10% and upwards
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
Switching Fees (Base Rate/BPLR to MCLR)	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
CERSAI charges	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.

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