30 Lakh Home Loan

Buy your dream abode with a Rs 30 lakh Home Loan

Axis Bank’s dynamic Rs 30 Lakh Home Loan is designed to streamline the homeownership journey for discerning individuals. Leverage our intuitive online platform for pre-qualification, application submission, and personalised loan quote generation. Our unwavering commitment to efficiency and transparency ensures a stress-free experience.

Read on to know more about EMI calculation for a 30 lakh Axis Bank home loan.

30 Lakh Home Loan EMI for 10 Years

Monthly EMI for a 30 lakh home loan for 10 years is calculated below with the following details.

Note: Considering 8.75% interest in the below scenarios.

Likewise, if you wish to calculate 30 lakh home loan EMI for 30 years, you can use Home Loan EMI Calculator

Documents required for ₹30 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- Aadhdaar 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 applicant)

Additional Documents for Salaried Individuals for Rs 30 lakh Home Loan
Any one of the following for proof of income

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

For NRI salaried

• 3 months pay slip
• 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 for Rs 30 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 Rs 30 lakh Home Loan

• RBI’s repo rates –Since Home Loan rates are linked to the RBI’s repo rates, any change in the RBI’s rates will impact the Home Loan interest rate
• Type of loan chosen – Whether it is a Floating Rate Home Loan or a Fixed Rate Home Loan will impact the interest rate. The interest rate on a Fixed Rate Home Loan is higher than a Floating Rate Home Loan
• Your job profile and credit score also impact the interest rate. A borrower with a stable job and high credit score may get a Home Loan of Rs 30 lakh at a better rate of interest