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₹35 lakh Home Loan

Secure your dream of owning a home with Axis Bank

A Home Loan of ₹35 lakh offers the financial support you need to purchase your dream home without compromising on your aspirations. With property prices increasing, the desire to own a home slips further away. However, with determination and the right tools, buying a home is now within your reach.

With a ₹35 lakh loan EMI you get the necessary financial support to buy your favourite property without breaking the bank, making homeownership a hassle-free experience.

So, do not let rising property rates hold you back and take the first step by exploring our Home Loan options today!

₹35 lakh loan EMI for 10 years

Home Loan DetailsAmount in ₹
Principal Loan Amount₹35,00,000
Annual Interest Rate9.10%*
₹ 35 Lakh Loan EMI for 10 years₹44,526
Total Interest Payable₹18,43,139
Total Repayment Amount₹53,43,139

*Actual interest rates may differ from those listed as they depend on the lender’s discretion and policies and market changes.

EMI for ₹35 lakhs Home Loan for 15 years

Home Loan DetailsAmount in ₹
Principal Loan Amount₹ 35,00,000
Annual Interest Rate9.10%*
EMI for ₹35 lakhs Home Loan for 15 years₹ 35,708
Total Interest Payable₹ 29,27,411
Total Repayment Amount₹ 64,27,411

*Actual interest rates may differ from those listed as they depend on the lender’s discretion and policies and market changes.

₹35 lakh Home Loan application procedure

  • Visit the Axis Bank Home Loan webpage and click on “Apply Now” button.
  • Go through the eligibility requirements to ensure that you meet the necessary standards.
  • Enter the details asked in the application form and submit the required documents.
  • Pay the processing fee.
  • Once you have paid the applicable fee, you will receive a loan sanction letter outlining the loan specifics and terms and conditions, such as ₹35 lakh loan EMI, interest rate, etc.
  • Meanwhile, Axis Bank will review your application to verify the information provided. A professional will carry out a property inspection for legal and valuation purposes.
  • After successfully verifying your Home Loan application, the bank will provide you with the approved loan amount at the earliest.

All you need to know about the ₹35 lakh Home Loan eligibility criteria

Salaried individuals

  • Your age must fall between 21 and 65 years of age.
  • You must have a positive and stable employment history particularly within a reputable company or government sector.

Self-employed individuals

  • You must comply with the age limit, i.e., 21-65 years.
  • You must have documents, such as tax returns, which prove that you have a consistent income.
  • You must have a strong financial record proving that you will be able to pay ₹35 lakh loan EMI without delays.

Professionals

  • You must be between 21 and 65 years old.
  • You must be a professional applicant, such as a doctor, lawyer, chartered accountant, management consultant, engineer, etc.
  • You must have proof of your professional qualifications and employment history.

What are the fees and charges applicable on a ₹35 lakh Home Loan?

Here are the fees and charges applicable on a ₹35 lakh loan:

  • Processing fee- Charged for loan processing and verification.
  • Prepayment charges- Levied on early loan repayment.
  • Cheque dishonour charges- Applicable on bounced cheques for repayment.
  • Conversion charges- Imposed when switching loan schemes.
  • Late payment fee- Charged on late ₹35 lakh Home Loan EMI payments.
  • Loan tenure modification charges- Applicable on changing repayment frequency.

Note: Home Loan fees and charges are subject to change. Always check with your bank for the up-to-date information.

Factors impacting the interest rate on a ₹35 lakh Home Loan

Interest rates and ₹35 lakh Loan EMIs are largely influenced by a combination of internal (related to the loan and borrower) and external (market-related) factors.

Here are some of the key influencers that play a crucial role in determining Home Loan interest rates:

  • Borrower’s credit score, income, occupation, age and existing debt.
  • Loan-to-Value (LTV) ratio
  • Loan tenure
  • Loan principal value
  • Interest rate type
  • Market conditions
  • RBI policies

₹35 lakh Home Loan: Essential documents to be submitted

  • For identification: Passport-size photographs, passport, voter ID, Aadhaar card or PAN card.
  • For address verification: Utility bills, Aadhaar card, driving licence or passport.
  • For signature verification: Passport, PAN card, notarised affidavit or banker’s verification.
  • For age verification: Birth certificate, Aadhaar card with DOB, PAN card, driving licence, or SSC mark sheet.

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.)

Frequently Asked Questions

The EMI for a ₹35 lakh Home Loan can fluctuate substantially depending on the loan tenure. For example- the EMI for 35 lakhs home loan for 15 years will be significantly higher than that of a ₹35 lakh Home Loan for 20 years.

Therefore, it is suggested that you utilise our easy-to-use Home Loan EMI calculator for instant, precise results.

Determining the salary requirements for a ₹35 lakh loan involves various considerations, including your age, employment type, creditworthiness and loan specifics. For a customised and error-free estimate, you should use our Home Loan eligibility calculator.