If you’re looking for funding and have a commercial or residential property which you can offer as collateral, then Axis Bank’s Loan against Property is just what you need. Axis Bank provides maximum loan amount up to Rs. 50 Crores on the minimum documentation with easy and hassle-free services. You can avail loan against residential or commercial properties at the best rate of interest with Processing fees 1% or Rs 10,000 (whichever is higher).
Avail loan against residential or commercial property, that you can offer as collateral, at attractive rates of interest. Axis Bank also provides overdraft facility is designed to cater to the need of the business community for meeting their short term working capital requirements. An overdraft can be in the form of a fixed or variable rate. We provide Loan Against Property for salaried employees, self-employed individuals and self-employed professionals. Fulfil the required eligibility criteria based on your profession and age to avail the loan.
Online Apply for Loan Against Property from Axis Bank when you require funds to meet crucial expenses such as business extension, for new appliance purchase, children’s education, wedding and medical emergency. The fees and charges levied by Axis Bank for Loan Against Property are fully transparent and upfront.
|Age||24 To 60 Years||24 To 60 Years||24 To 60 Years|
|Loan Amount||5 Lakh To 25 Crore||5 Lakh To 50 Crore||5 Lakh To 50 Crore|
|Tenure||5 To 15 Years||5 To 15 Years||5 To 15 Years|
|Rate of Interest / APR [Annual Percentage Rate]||10.10% To 10.50%||10.10% To 10.50%||10.10% To 10.50%|
|Features||No Charges on Minimum Usage on DOD||No Charges on Minimum Usage on DOD||No Charges on Minimum Usage on DOD|
|Processing Fees||0.50% To 0.75%||0.50% To 0.75%||0.50% To 0.75%|
|Documentation||KYC/Financial(2 Years) & Property Documents.||KYC/Financial(2 Years) & Property Documents.||KYC/Financial(2 Years) & Property Documents.|
Self Employed Professionals
|Age(Min-Max)||24 To 60 Years||24 To 60 Years||24 To 60 Years|
|Minimum Income||Min. 3,00,000/ p.a||Min. 3,00,000/ p.a Net Profit||Min. 3,00,000/ p.a Net Profit|
|Co-applicant||no conditions||no conditions||no conditions|
|Loan Tenure||Max. 15 Years||Max. 15 Years||Max. 15 Years|
|Maximum Loan Amount||Max. 25 Crores||Max. 50 Crores||Max. 50 Crores|
|Employment/Business Continuity||Min. 3 Years||Min. 2 Years||Min. 2 Years|
|CIBIL Score||Min. 600||Min. 600||Min. 600|
Proof of Identity/ Address:
Proof of Income:
Own contribution proof
|Fee||Amount to be Paid|
|Rate of Interest||10.10% To 10.50%|
|Loan Processing Charges||0.50% To 0.75%|
|Cheque Bounce Charges||Rs. 500 Per Instance|
|Cheque/ Instrument Swap charges||Rs. 500 Per Instance|
|Prepayment/ Foreclosure Charges||If any of the borrower is a non individual - 3% will be charged, if the amount pre-paid exceeds 25% of the principal outstanding during a quarter, otherwise no prepayment penalty. The quarter refers to calendar quarter. However no prepayment will be allowed in the first quarter after taking the loan. If all borrowers are individuals - Nil|
|Default Interest Rate||NA|
|Duplicate Statement Issuance Charges||Rs. 250 Per Instance|
|Duplicate Amortization Schedule Charges||NA|
|Duplicate Interest Certificate||Rs. 500/- Per Instance|
|S(Provisional/ Actual) issuance Charges||NA|
Axis Bank’s Loan Against Property provides you with funding if you can offer a commercial or residential property as collateral. Get easy and hassle-free Loan Against Property for loan amounts starting from Rs. 5 Lakhs. Avail a loan against residential or commercial properties at attractive rates of interest and earn eDGE Loyalty Reward points.
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