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₹20 lakh Home Loan EMI
Embark on a rewarding journey towards homeownership with our streamlined online application process. Achieve financial stability and enjoy the benefits of property ownership with a ₹20 lakh Home Loans from Axis Bank. Pre-qualify effortlessly, apply seamlessly, and secure your future with confidence.
₹20 lakh Home Loan EMI for 10 years
With the following details, let us calculate EMI on a ₹20 lakh home loan for 10 years.
Loan Amount (₹) | 20,00,000 |
|---|---|
Tenure (years) | 10 |
Interest Rate (p.a.) | 8.75% - 9.15% |
Note: Considering 8.75% home loan interest on ₹20 lakh in the below scenarios.
₹20 lakh Home Loan EMI
Equated Monthly Instalments (EMI in ₹) | 25,065 |
|---|---|
| Principal Amount (₹) | 20,00,000 |
| Interest Amount (₹) | 10,07,842 |
| Total Amount Payable (₹) | 30,07,842 |
₹20 lakh Home Loan EMI for 15 years
Equated Monthly Instalments (EMI in ₹) | 19,989 |
|---|---|
| Principal Amount (₹) | 20,00,000 |
| Interest Amount (₹) | 15,98,015 |
| Total Amount Payable (₹) | 35,98,015 |
₹20 lakh Home Loan EMI for 20 years
Equated Monthly Instalments (EMI in ₹) | 17,674 |
|---|---|
| Principal Amount (₹) | 20,00,000 |
| Interest Amount (₹) | 22,41,811 |
| Total Amount Payable (₹) | 42,41,811 |
₹20 lakh Home Loan EMI for 25 years
Equated Monthly Instalments (EMI in ₹) | 16,443 |
|---|---|
| Principal Amount (₹) | 20,00,000 |
| Interest Amount (₹) | 29,32,862 |
| Total Amount Payable (₹) | 49,32,862 |
Similarly, using Axis Bank Home Loan EMI Calculator , you can calculate ₹20 lakh home loan EMI for 5 years.
How to initiate a ₹20 lakh Home Loan application online with Axis Bank?
To kickstart the Axis Bank online Home Loan process:
- Assess your eligibility criteria before advancing with the Home Loan application
- Employ the Home Loan Eligibility Calculator to evaluate your capability to manage the Home Loan
- Visit the Axis Bank Home Loan webpage and click on the "Apply Now" button
- Input the necessary details and hit Submit (confirm whether you are an existing or new customer, providing your name, mobile number, email ID, city, and state)
- Anticipate a call from the Axis Bank representative to discuss product details
- Furnish all essential documents
- Upon approval, submit property documents for verification
- Attain approval within 15 days, contingent upon the availability of all required documents
₹20 lakh Home Loan fees & charges
₹20 lakh 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.
Eligibility for a ₹20 lakh Home Loan
Documents necessary for a ₹20 lakh Home Loan:
Factors that affect interest rate
Great plans start with well-calculated decision
Home Loan EMI Calculator
Calculating your Home Loan EMI is now easier than ever with our user-friendly and efficient Home Loan EMI Calculator. Whether you have a ₹30 lakh home loan EMI for 20 years or a ₹20 lakh home loan EMI for 10 years, use our Home Loan EMI calculator to effortlessly manage your repayments and make your dream home a reality.
₹
3L
5Cr
%
6.50% 11%
Y
1Y30Y
Your EMI*₹ 1,14,678
Get a call back*Equated Monthly Installment'
Note: To see amortization schedule, please click here.
Total Amount Payable
1,37,621
Home Loan Eligibility Calculator
A place to call our own is an aspiration for most of us. But owning a home requires a lot of planning, given the costs involved. However, with the right kind of financial support, buying your own home is a dream that you can fulfil easily.
Loan Amount
₹ 1,55,455.03
Home Loan for Every Budget
Frequently Asked Questions
A credit score exceeding 750 is deemed satisfactory and enhances the probability of loan approval.
No, documentation is essential, encompassing KYC, income verification, and property along with stamp duty documents for the house you intend to acquire.
Ideally, your income should be 3-4 times the loan amount to guarantee the manageability of the ₹20 lakh Home Loan EMI without imposing undue financial stress.
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