3 Crore Home Loan Axis Bank

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Axis Bank’s 3 Crore Home Loan is not just one of the most flexible but also one of the most inclusive loan schemes on the market. With special considerations for customers with varying occupations, the Bank offers concessions and unique incentives for each borrower. But what makes Axis Bank’s Home Loan truly a great option for you is the Bank’s streamlined, hassle-free application process, which makes applying for the loan an easy task. Plus, with absolute transparency in loan terms and zero hidden charges, the Axis Bank Home Loan scheme is a good choice for new homebuyers.

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3 Crore Axis Bank Home Loan EMI Calculator

Loan Amount

₹

5 Lac
20 Cr

Loan Tenure

Years

Rate Of Interest

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹3,00,00,000

Interest Payable

Total Amount Payable

Table of Content

1. 3 Crore Home Loan Axis Bank Highlights

2. 3 Crore home loan emi for 10 years Axis Bank

3. 3 Crore home loan emi for 20 years Axis Bank

4. 3 Crore Axis Bank home loan Fees and Charges

5. 3 Crore Axis Bank home loan Documents Required

6. 3 Crore Axis Bank home loan Eligibility Criteria

6.1 For Salaried Individuals

6.2 For Professionals

6.3 For Self-Employed Individuals

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

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 26th September 2024

3 Crore Home Loan Axis Bank – Highlights

Feature	Description
Rate of Interest	Salaried: 8.70% onwards Self-employed: 9.10% onwards
Loan Amount	Maximum of 5 Crore
Loan Tenure	Maximum 30 years
Any Undisclosed Charges	Zero hidden charges

3 Crore home loan emi for 10 years Axis Bank

The 3 Crore home loan emi for 10 years inAxis Bank can vary depending on your approved interest rate. Using a 3 Crore loan emi calculator of Axis Bank can give you an idea of the exact EMI that you have to pay to repay your loan completely.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
3,00,00,000	10 years	8.70% (Salaried)	3,75,174	1,50,20,844	4,50,20,844
3,00,00,000	10 years	9.10% (Non-salaried)	3,81,653	1,57,98,337	4,57,98,337

3 Crore home loan emi for 20 years Axis Bank

Here is a projection table breaking down the 3 Crore home loan emi for 20 years inAxis Bank and the total amount of repayment.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
3,00,00,000	20 years	8.70% (Salaried)	2,64,157	3,33,97,651	6,33,97,651
3,00,00,000	20 years	9.10% (Non-salaried)	2,71,850	3,52,44,049	6,52,44,049

3 Crore Axis Bank home loan – Fees and Charges

Particulars	Fees/Charges (not inclusive of GST)
Charges for Processing Loan	1% of the loan amount or lowerwith a minimum amount cap of Rs. 10,000
Prepayment Charges ForFloating Rate Loan	Zero charges
Fixed-rate loanPrepayment Charges	2% of the principal amount yet to be paid
Penal Interest Rate	2% per month, equalling to no more than 24% per annum
Switching Base Rate/BPLR-linked interest to MCLR-linked interest rate	If the interest rate remains the same – No extra charges
	In case of a revision in the effective rate- 0.5% on the outstanding principal amount/Rs. 10,000 (whichever is higher)
Fee for Switching from Floating Rate to Fixed Rate	1% on the outstanding principal with a minimum of 10,000/-
Switching Interest Ratefrom Fixed Rate to Floating Rate	A fixed 2% charge is calculated on the principal amount left to be paid.
Repayment Instruction/Cheque Return Charges	Rs. 500 for 1 request
Cheque/Instrument Swap Charges	Rs. 500 for every request
Requesting a Duplicate Statement	Rs. 250 for one copy
Duplicate Amortization Schedule Issuance Charges	Rs. 250 for 1 request
Requesting a Duplicate Interest Certificate (Provisional/Actual)	A fixed charge of Rs. 250 per request
CERSAI charges	Rs. 5 lakh and lower – Rs. 50 (fixed charge)
CERSAI charges	AboveRs. 5 lakh– Rs. 100 (fixed charge)
Loan Cover/ Insurance	The insurance amount recommended by the Bank

3 Crore Axis Bank home loan – Documents Required

Mandatory Application Form and PAN Card for all
Aadhar Card (not mandatory for applicants not applying for PMAY subsidy)
1 Government-issued or acknowledged Identity Proof
1 Valid Address Proof
1 Document Proof to confirm Date of Birth
Proof of Signature validity
Most Recent Income Proof

3 months’ salary slips for salaried applicants
Bank Statement dating back to 6 months
ITRs of the last 2 years and an up-to-date P&L sheet of business (self-employed applicants)

Documents of Loans applied for previously
Property Insurance form issued by Bank or externally (mandatory)
Property Documents

This is the basic document checklist of Axis Bank. In certain cases, the Bank may request other documents as well.

3 Crore Axis Bank home loan – Eligibility Criteria

The criteria for 3 Crore home loan eligibility in Axis Bankmainly pertain to the applicant’s age and source of income.

For Salaried Individuals

Maximum age: At the start of the loan, the minimum age should be 21 or above.
Maximum age: Under 60 years at the time of loan closure.
Professional background: Government or private sector employee with a permanent employment contract.

For Professionals

Minimum age: 21 or above when applying for the loan.
Maximum age: Under 65 years at the time of last loan payment.
Professional background: Qualified professionals like doctors, engineers, and chartered accountants with relevant education qualifications.

For Self-Employed Individuals

Minimum age: Over 21 years when the loan is sanctioned.
Maximum age: Under 65 years when the loan matures.
Professional background: Self-employed with any education background and stable income source.

Frequently Asked Question (FAQs)

What is the EMI for 3 Crore Home Loan for 20 years in Axis Bank?

The monthly 3 Crore home loan emi in Axis Bank totals Rs.2,64,157 if you have taken out the at a fixed interest rate of 8.70%. On the other hand, you have to pay Rs.2,71,850 per month for a fixed interest rate of 9.10%.

Who is eligible for 3 Crore Home loan in Axis Bank?

The 3 Crore home loan eligibility in Axis Bank is lenient, with specific criteria set for age, which is 21-65 years. Plus, if the applicant is salaried or self-employed and can provide a proof source of income, they can apply for the loan.

What is the monthly interest rate of 3 Crore home loan in Axis Bank?

The monthly Axis Bank home loan interest rate for 3 Crore varies for salaried and non-salaried borrowers. Salaried borrowers are charged an interest rate of 8.70% and onwards, while non-salaried interest rates start from 9.10%.

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