₹1 Crore Home Loan EMI

Welcome to a lifestyle of effortless luxury with ₹1 Crore Home Loan by Axis bank

Create an asset for future generations with ₹1 crore Home Loan

Realise your vision for financial independence and long-term wealth creation with a significant ₹1 crore Home Loan from Axis Bank. This substantial investment empowers you to secure prime real estate assets, generate passive income through strategic ventures, or establish a valuable generational legacy. We are dedicated to understanding your unique financial objectives and providing the resources necessary to achieve them. Our easy online application process, quick approval and sanction ensures a smooth and hassle-free experience for you. Additionally, our experienced personnel are ready to help out with any hurdles you may face during the application procedure.

₹1 Cr Home Loan EMI for 10 Years

Let us know the EMI for a ₹1 crore home loan with the following details.

Loan Amount (₹)	1,00,00,000
Tenure (years)	10
Interest Rate (p.a.)	8.75% - 9.15%

Note: Considering 8.75% interest in the below scenarios.

₹1 Cr Home Loan EMI

	EMI for 10 Years	EMI for 15 Years	EMI for 20 Years	EMI for 25 Years
Equated Monthly Instalments (EMI in ₹)	1,25,327	99,945	88,371	82,214
Principal Amount (₹)	1,00,00,000	1,00,00,000	1,00,00,000	1,00,00,000
Interest Amount (₹)	50,39,210	79,90,076	1,12,09,057	1,46,64,309
Total Amount Payable (₹)	1,50,39,210	1,79,90,076	2,12,09,057	2,46,64,309

Similarly, you can check ₹1 crore Home Loan EMI for 30 years using Axis Bank Home Loan EMI Calculator.

How to apply for ₹1 Cr Home Loan online at Axis Bank?

To apply for Axis Bank Online Home Loan

Verify your eligibility criteria before proceeding with the Home Loan application
Utilize the Home Loan Eligibility Calculator to assess your affordability
Visit the Axis Bank Home Loan page and click the "Apply Now" button
Complete the application form, providing necessary details (existing or new customer, name, mobile number, email ID, city, and state), then click on Submit
Expect a call from an Axis Bank representative for a detailed explanation of the product
Submit all required documents
Upon approval, submit property documents for verification
Receive approval within 15 days, subject to the availability of all necessary documents

Eligibility to get Home Loan of ₹1 Cr

Salaried employees (permanent government employees or those working in reputed private companies) should be aged 21 or older when applying and 65 or at the age of superannuation at loan maturity.
Professionals or self-employed individuals in the income-tax bracket (e.g., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries, and management consultants) can also qualify for a Home Loan of ₹1 crore, with an age limit of 21 at the time of application and 65 at loan maturity.
The bank considers factors such as annual income, number of dependents, employment status, existing assets, ongoing loan repayments, and credit score. It ensures that you can afford the ₹1 crore lakh Home Loan EMI, and checks whether the combined EMIs on all your loans exceed 40% of your take-home pay.

₹1 Cr Home Loan Fees and Charges

Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable).
An upfront processing fee of ₹5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
The processing fee is a non-refundable fee collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.

Factors that affect interest rate applicable on a ₹1 Cr Home Loan

RBI’s repo rates – Since Home Loan rates are linked to the RBI’s repo rates, any change in the RBI’s rates will impact the Home Loan interest rate
Type of loan chosen – Whether it is a Floating Rate Home Loan or a Fixed Rate Home Loan will impact the interest rate. The interest rate on a Fixed Rate Home Loan is higher than a Floating Rate Home Loan
Your job profile and credit score also impact the interest rate. A borrower with a stable job and high credit score may get a Home Loan of ₹1 crore at a better rate of interest

Documents required for ₹1 Cr Home Loan

Mandatory Documents- Application Form and PAN Card
Any one of the following for Identity Proof - Passport, Aadhaar Card, Driving License, Voter ID
Any one of the following for Proof of Address- Aadhdaar Card, Gas Bill, Driving License, Voter Id, Electricity Bill, Telephone Bill (Landline) Property Tax Receipt, Job Card by NREGA duly signed by an officer of the State Government, Letter issued by National Population Register confirming details of Name, Address, Photograph
Any one of the following for Date of Birth proof - Passport, PAN Card, Aadhaar Card with DOB, Driving License, Birth Certificate, SSC Marksheet
Any one of the following for Signature Proof - Passport, PAN Card, Banker’s verification, Notarized affidavit with ID and Address proof (not applicable for financial applicant)

Additional Documents for Self-employed

2 years ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
For Asha Home Loan - 1 year ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
Tax Audit Report (required for individuals whose sales turnover exceed the norms stipulated by the Income Tax Act)
6 months bank statements of personal and business accounts
If ITR is filed without digital sign - CPC and tax paid challan
Three years business continuity proof