85 Lakh Home Loan Axis Bank

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Axis Bank's 85 Lakh Home Loan is ideal for everyone looking to buy a home. The best part is the availability of floating and fixed interest rates, with longer tenures of up to 30 years as a maximum threshold. The bank has tailored several products for customer convenience and benefits, from Super Saver and Asha Home Loans to Shubh Aarambh Home Loan and QuikPay Home Loan. Here’s learning more about the 85 Lakh home loan Axis Bank offers. 

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Table of Content

1. 85 Lakh Home Loan Axis Bank Highlights

2. 85 Lakh home loan EMI for 10 years Axis Bank

3. 85 Lakh home loan EMI for 20 years Axis Bank

4. 85 Lakh Axis Bank Home Loan Fees and Charges

5. 85 Lakh Axis Bank Home Loan Documents Required

6. 85 Lakh Axis Bank home loan Eligibility Criteria

Read more
Written By
Utsah Sharma
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
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.

85 Lakh Home Loan Axis Bank – Highlights 

Feature Description
Interest Rate
  1. Salaried: 8.70% and onwards
  2. Self-employed: 9.10% and onwards
Loan Amount Till 5 Crore
Tenure Maximum of 30 years
Any Hidden Charges Zero hidden charges 

85 Lakh home loan EMI for 10 years Axis Bank

Use the 85 Lakh loan emi calculator of Axis Bank to get the final figure for the 85 Lakh home loan emi for 10 years in Axis Bank.

Loan Amount Tenure Interest Rate EMI per Month Total Interest Paid on Loan Amount Total Amount Repaid
85,00,000 10 years 9.10% (Non-salaried) 1,08,135 44,76,196 1,29,76,196
85,00,000 10 years 8.70% (Salaried) 1,06,299 42,55,906 1,27,55,906

85 Lakh home loan EMI for 20 years Axis Bank

Learn more about the 85 Lakh home loan emi for 20 years in Axis Bank to plan. 

Loan Amount Tenure Interest Rate EMI per Month Total Interest Paid on Loan Amount Total Amount Repaid
85,00,000 20 years 9.10% (Non-salaried) 77,024 99,85,814 1,84,85,814
85,00,000 20 years 8.70% (Salaried) 74,844 94,62,668 1,79,62,668

85 Lakh Axis Bank Home Loan – Fees and Charges 

Here are some of the applicable fees (without GST)- 

  • Processing- 1% of the loan amount (minimum Rs. 10,000)
  • Penal Interest- 24% per annum (2% per month)
  • Prepayment charge- Nil for floating rate loan 
  • Prepayment for fixed-rate loan- 2% (principal outstanding)
  • Floating to Fixed- 1% of principal outstanding (at least Rs. 10,000)
  • Fixed to Floating- 2% of principal outstanding

85 Lakh Axis Bank Home Loan – Documents Required 

KYC Income Other
PAN  3 months salary slip  Existing loan documents
Aadhar 6 months bank statement  Property sale/purchase documents
ID 2 years ITR and P&L sheet for self-employed borrowers Property insurance form 
Address
Date of Birth
Signature

85 Lakh Axis Bank home loan – Eligibility Criteria

The criteria for 85 Lakh home loan eligibility in Axis Bank can be understood as the following: 

Self-Employed Professionals Salaried
21-65 years of age 21-65 years of age 21-60 years of age
Accepted income source Proper practice-related qualifications and education Permanent Govt. or private position 

Frequently Asked Question (FAQs)

What is the EMI for an 85-lakh Home Loan for 20 years at Axis Bank?

The per-month 85 Lakh home loan EMI in Axis Bank is Rs. 74,844 (8.70%). If the rate is 9.10%, it will be Rs. 77,024.

Who is eligible for an 85 Lakh Home loan in Axis Bank?

The age should be between 21 and 65 years, and proof of income should also be provided per the bank’s requirements.

What is the monthly interest rate of an 85 Lakh home loan in Axis Bank?

The monthly Axis Bank home loan interest rate for 85 Lakh is 8.70%  to 9.10%.

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