10 Lakh Home Loan

Build an asset with a Rs 10 lakh Home Loan

Elevate your living standards and invest in a brighter future with a Home Loan of Rs 10 lakh from Axis Bank. Unlock possibilities for a comfortable living, enhanced comfort, and potential property appreciation. Our experienced financial advisors offer tailored solutions and comprehensive support to guide you through the process. Enjoy a seamless application process, hassle-free approval and quick sanction of Home Loan for Rs 10 lakh.

10 Lakh Home Loan EMI for 10 Years

Let us calculate the monthly EMI for a 10 lakh home loan with the following details. Note, that the home loan interest rate for 10 lakhs may vary.

Note: Considering 8.75% interest rate in the below scenarios.

Likewise, you can calculate ₹10 lakh Home Loan EMI for 5 years using Home Loan EMI Calculator.

Documents required for a ₹10 Lakh 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 - Aadhaar 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 applicants)

Additional Documents for Salaried Individuals ₹10 Lakh Home Loan:

Any one of the following for proof of income:

• Pay slips for 3 months
• Pay slips for 6 months showing all deduction for variable income
• 6 months bank statement showing salary credits
• 2 years Form 16 (or employment continuity proof)

For NRI salaried individuals:

• Pay slips for 3 months
• Appointment letter/contract letter
• Continuous Discharge Certificate for Shipping cases
• 6-month Domestic NRE/NRO A/C statement
• 6 months international Salary A/C statement
• Overseas credit report
• Valid visa copy/OCI card
• Passport copy
• POA details

Additional Documents for Self-employed Individuals ₹10 Lakh Home Loan:

• 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

Factors that affect interest rate applicable on a ₹10 Lakh Home Loan:

• RBI’s repo rates -Changes in the RBI’s rates impact Home Loan interest rates
• Type of loan chosen - A Floating Rate Home Loan generally has a lower interest rate compared to a Fixed Rate Home Loan
• Job profile and credit score also affect the interest rate. A stable job and high credit score may result in a better interest rate for Home Loan for Rs 10 lakh