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₹25 lakh Home Loan

Secure your dream of owning a home with Axis Bank

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A ₹ 25 lakh Home Loan can turn this dream into reality, making it more accessible than ever.

Offering competitive interest rates, flexible repayment options and a quick loan disbursal facility, this Home Loan is designed to help you take the first step towards securing your future and buying the home you have always wanted.

So, what are you waiting for? Apply for a ₹ 25 lakh loan and get funds for your happy place instantly.

₹25 lakh loan EMI for 10 years: A detailed overview

Loan-Related InformationAmount in ₹
Loan Amount₹ 25,00,000
Interest Rate9% per annum*
₹ 25 Lakh Loan EMI for 10 years₹ 31,669
Total Interest Payable₹ 13,00,273
Total Repayment Amount₹ 38,00,273

*The interest rate provided is hypothetical and actual rates may vary in accordance with the lender’s terms and conditions.

₹25 lakh loan EMI for 5 years: A detailed overview

Loan-Related InformationAmount in ₹
Principal Amount₹ 25,00,000
Rate of Interest9% per annum*
₹ 25 Lakh Loan EMI for 5 years₹ 51,896
Total Interest₹ 6,13,753
Total Repayment Amount₹ 31,13,753

*The interest rate provided is hypothetical and actual rates may vary in accordance with the lender’s terms and conditions.

Step-by-step guide to applying for a ₹25 lakh Home Loan?

  • Visit the Axis Bank Home Loan webpage and click on “Apply Now” button.
  • Review the eligibility criteria to avoid unnecessary trouble.
  • Complete the application form by entering the required personal details.
  • To start verification, make the payment for the applicable processing fee and submit the necessary documents.
  • Once your application is approved, Axis Bank will send you a comprehensive loan sanction letter and schedule a property inspection by a designated representative.
  • Upon successful inspection and post all required documents are received, the loan amount will be disbursed to you.

Eligibility checklist for a ₹25 lakh Home Loan

  • Eligible applicants: Home loans are available to selected categories of individuals, including:
    • Salaried employees, i.e., Individuals having a permanent job in reputed companies or government sectors
    • Professionals such as doctors, engineers, company secretaries, chartered accountants, cost accountants, dentists, architects and lawyers, management consultants, etc.
    • Self-employed persons, including business owners, entrepreneurs and individuals filing Income Tax Returns (ITRs).
  • Age restrictions: To qualify for a ₹ 25 lakh Home Loan, you must satisfy the lender’s specified age limit ranging from 21 years to 65 years.
  • Income-specific documents: You must submit all required documents along with additional income and employment proofs to prove your ₹25 lakh loan EMI payment capacity.

Understanding fees and charges associated with a ₹25 lakh Home Loan

Before applying for a ₹ 25 lakh loan, it is crucial that you consider the following fees and charges associated with this type of loan:

  • Processing charge: This includes the fee collected by the bank for the purpose of reviewing the loan application.
  • Insurance premiums: This refers to the premiums paid for home loan insurance.
  • Cheque dishonour charges: This charge is levied by the lender when home loan repayments through a cheque fails due to insufficient funds.
  • Scheme conversion fee: This fee is imposed on switching from one home loan scheme to another (particularly for reducing interest rates).
  • Prepayment charges: This charge is collected when borrowers repay their home loan partially or fully before the completion of loan tenure.
  • Charges for tenure adjustment: This nominal charge is applicable on modifications in the loan repayment period.
  • Penal charges: This charge is applied when the borrower fails to pay ₹25 lakh Home Loan EMI on time.

Note: The amount of fees and charges may differ between banks.

Key factors affecting ₹25 lakh Home Loan interest rate

  • Loan duration: The longer the tenure, the more interest you will have to pay over time.
  • Loan-to-value ratio: This ratio is calculated by dividing the cost of property you are going to buy by the loan amount. A high loan-to-value ratio indicates greater risk for the lender, leading to higher interest rates.
  • Credit score: A borrower with a high credit score may qualify for a loan with lower interest rates. On the other hand, those with poor credit scores are typically required to pay higher interest on their Home Loans.
  • Interest type: Home Loan fixed interest rates remain constant throughout the loan tenure while floating interest rates fluctuate according to the market conditions.

Documents needed for a ₹25 lakh Home Loan

  • For proof of identity: Passport, voter ID, Aadhaar card or PAN card.
  • For proof of residence: Aadhaar card, passport or utility bills.
  • For signature proof: PAN card, passport, banker’s verification or notarised affidavit.
  • For DOB (Date of Birth) proof: Aadhaar card with DOB, birth certificate, driving licence, PAN card or SSC marksheet.
  • Other documents: Passport-size photographs

Additional documents for self-employed applicants

Income documents

  • 2 years ITR (Income Tax Return) with computation of Income
  • 2 years profit & loss and balance sheet statement with all the schedules, CA (Chartered Accountant) sign and stamp (not required when ITR is filled under 44 AD)
  • 2 years audit report CA (Chartered Accountant) certified with UDIN number (If gross turnover exceeds ₹1 cr or gross receipts exceeds ₹25 lakh) along with all schedules and annexures
  • 2 years form 26 AS (to be collected if available, not mandatory at login stage)
  • 6 months bank statements (with logo & Bank Name) of primary, personal, and business accounts
  • 1 year GST R – 3B
  • GST registration certificate
  • Office address proof – Utility bill
  • 3 years business continuity proof (if 2 years ITR is taken, then no need to take this document)

Other documents

  • Completely filled and duly signed application form along with all applicant’s latest passport size photo (Mandatory FATCA & PEP Declaration on application form)
  • Existing loan details and 6 months bank statement from where EMI is deducted, if applicable
  • For Balance Transfer Cases Only: Sanction Letter, Statement of Account or bank statement reflecting EMI debit (Document showing applicant / co-applicant on loan structure- Sanction letter/ SOA/ RPS/ Loan Agreement copy)
  • For Balance Transfer Cases- LOD (List of documents) & Foreclosure Letter (Not required at login but for legal report and disbursement respectively)
  • Property Documents (Transaction Specific)
  • Vernacular, OVD (Original Verified documents) Affidavit, if required
  • Processing Fee Cheque in Favor of Axis Bank for Login (As per current grid)
  • Eligibility sheet as per product (highly recommended but not mandatory at login stage)

Additional documents for salaried applicants

Income documents

  • 3 Months’ Salary Slip
  • 2 years Form 16 (Part A and B)
  • Only 1 year Form 16 if salary above ₹50,000 or CSG customer
  • 6 months bank statements (reflecting 6 salary credits)
  • If bonus considered - Salary slip and Banking for same
  • If Increment considered - Increment Letter, Salary slip, Banking for Same
  • Job continuity proof, if same cannot be established from salary slip/form 16

Other documents

  • Completely filled and duly signed application form along with all applicant’s latest passport size photo (Mandatory FATCA & PEP declaration on application form)
  • Existing loan details and 6 months bank statement from where EMI is deducted, if applicable
  • For Balance Transfer Cases Only: Sanction Letter, Statement Of Account or bank statement reflecting EMI debit (Document showing applicant / co-applicant on loan structure- Sanction letter/ SOA/ RPS/ Loan Agreement copy).
  • For Balance Transfer Cases- LOD (List of documents) & Foreclosure Letter (Not required at login but for legal report and disbursement respectively)
  • Property Documents (Transaction Specific)
  • Vernacular, OVD (Original Verified documents) Affidavit, If Required
  • Processing Fee Cheque in Favor of Axis Bank for Login (As per current grid)
  • Eligibility sheet as per product (highly recommended but not mandatory at login stage)

Additional documents for NRI salaried applicants

Income documents

  • Last 3 months salary slip
  • Last 6-month international salary account statement (6 salary credits)
  • Last 6-month domestic NRE/NRO account statement
  • Last 2 yrs. ITR (If available) or equitable document
  • W2 Form or equivalent document for the respective country
  • Appointment letter/Offer letter/Contract Letter of company
  • Continuous Discharge Certificate for shipping cases
  • Overseas credit report (Except Middle East)
  • GPA (General Power of Attorney) required as per banks format- duly attested by Indian embassy, signed and the validity of franking is not expired (If customer is outside of India). If the customer is in India, then GPA to be duly stamped, notarized and signed.
  • Valid Visa/OCI Card - Visa is necessary to be work visa / employment visa / long term resident visa. Short term business visa / travel visa not to be accepted.
  • Passport Copy (Both front and back side of passport)
  • Overseas address proof

Other documents

  • Completely filled and duly signed application form along with all applicant’s latest passport size photo- Confirmation from NRI borrower obtained for the loan application signed by GPA (Mandatory FATCA & PEP Declaration on application form)
  • NRI case where the documents are submitted by NRI applicant directly from overseas / through POA - customer passport copy is attested by the Indian Consulate / Notary Public / Bank Manager at the place of residence of the NRI.
  • Existing loan details and 6 months bank statement from where EMI is deducted, If Applicable.
  • For Balance Transfer Cases Only: Sanction Letter, Statement of Account or bank statement reflecting EMI debit (Document showing applicant / co-applicant on loan structure- Sanction letter/ SOA/ RPS/ Loan Agreement copy).
  • For Balance Transfer Cases- LOD (List of documents) & Foreclosure Letter (Not required at login but for legal report and disbursement respectively)
  • Property Documents (Transaction Specific).
  • Vernacular, OVD (Original Verified documents) Affidavit, If Required
  • Processing Fee Cheque in Favor of Axis Bank for Login (As per current grid)
  • Eligibility sheet as per product (highly recommended but not mandatory at login stage.)

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Frequently Asked Questions

₹25 lakh loan EMI can vary significantly due to several factors, including the loan repayment period, type of loan interest rate, applicant’s profile and choice of lender. To know the exact EMI based on your individual circumstances, consider using our Home Loan EMI calculator.

The required monthly income for a ₹25 lakh Home Loan depends on your employment type, age and other aspects. To know more about the eligibility criteria for a ₹25 lakh loan, click here.

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