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₹60 lakh Home Loan
For discerning individuals seeking significant financial growth, a ₹60 lakh loan from Axis Bank unlocks a world of possibilities. This substantial investment empowers you to acquire premier properties in prime locations, establish lucrative rental ventures, or even develop your own personalised real estate portfolio. We are committed to partnering with you in achieving your ambitious financial objectives.
₹60 lakh Home Loan EMI for 10 Years
With the following details, let us calculate EMI for a ₹60 lakh home loan for 10 years.
Loan Amount (₹) | 60,00,000 |
|---|---|
Tenure (years) | 10 |
Interest Rate (p.a.) | 8.75% - 9.15% |
Note: Considering 8.75% interest in the below scenarios.
₹60 lakh Home Loan EMI
| EMI for 10 Years | EMI for 15 Years | EMI for 20 Years | EMI for 25 Years |
|---|---|---|---|---|
Equated Monthly Instalments (EMI in ₹) | 75,196 | 59,967 | 53,023 | 49,329 |
Principal Amount (₹) | 60,00,000 | 60,00,000 | 60,00,000 | 60,00,000 |
Interest Amount (₹) | 30,23,526 | 47,94,045 | 67,25,434 | 87,98,585 |
Total Amount Payable (₹) | 90,23,526 | 1,07,94,045 | 1,27,25,434 | 1,47,98,585 |
Similarly, you can calculate ₹60 lakh home loan EMI for 30 years or any other variation using Home Loan EMI Calculator
₹60 lakh Home Loan Fees and Charges
₹60 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.
Factors that affect interest rate
How to apply for ₹60 lakh Home Loan online at Axis Bank?
To apply for Axis Bank Home Loan Online
- 01
Assess your eligibility criteria before initiating the Home Loan application
- 02
Utilise the Home Loan Eligibility Calculator to determine the feasibility of the Home Loan
- 03
Navigate to the Axis Bank Home Loan page and select the "Apply Now'' option
- 04
Input your details and click Submit, specifying whether you are an existing or new customer. Provide your name, mobile number, email ID, city, and state
- 05
Await a call from an Axis Bank representative who will elucidate the product details
- 06
Complete the submission of all required documents
- 07
Upon approval, submit the property documents for verification
- 08
Expect approval within 15 days, contingent upon the availability of all necessary documents
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.
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 (in Lacs)
₹ 1,55,455.03
Home Loan for Every Budget
Frequently Asked Questions
Having a credit score above 750 is beneficial and increases the likelihood of loan approval.
No, documentation is mandatory, including KYC, income proof, and property details, along with stamp duty documents for the house you plan to buy.
Ideally, your income should be 3-4 times the loan amount to ensure that managing the ₹60 lakh Home Loan EMI doesn't cause undue financial strain.
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