Axis Bank Loan Against Property


Axis Bank provides loans secured against property at an interest rate starting from 10.50% per annum for amounts up to Rs 5 crore, with repayment periods of up to 20 years. Additionally, it offers Lease Rental Discounting against rental income from corporate tenants' lease agreements. Moreover, Axis Bank offers overdraft facility on property-backed loans to meet working capital needs and address cash flow gaps.

Axis Bank Loan Against Property Highlights 
Interest Rate 10.50%-10.95% p.a.
Processing Fees 1% or Rs 10,000 (whichever is higher)
Loan Amount Rs 5 lakh – Rs 5 crore
Tenure Up to 20 years

Axis Bank Loan Against Property Interest Rates

For Term Loan

Product Interest Rates (p.a.)
Priority Sector LAP 10.50%-10.90%
Non-Priority Sector LAP 10.50%-10.95%

For Overdraft

Product Interest Rates (p.a.)
Priority Sector Loans (PSL) 10.50%-10.90%
Non PSL 10.50%-10.95%

Although Axis Bank has not revealed specific LAP interest rates based on credit scores, loan amounts, tenures, occupation profiles, etc., it's common for lenders to take these factors into account when determining Loan Against Property interest rates.

Also read: Best Loan Against Property Interest Rate

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender Interest Rate (% p.a.)  
State Bank of India 10.00 - 11.30 Apply Now
Axis Bank 10.50 - 10.95 Apply Now
Bank of Baroda 10.85 - 16.50 Apply Now
ICICI Bank 10.85 - 12.50 Apply Now
Standard Chartered Bank Starts from 9.25% Apply Now
HSBC Bank 9.75 - 14.00 Apply Now
Union Bank of India 10.45% - 13.10% p.a. Apply Now
PNB Housing Finance 9.25 - 15.00 Apply Now
IDFC First Bank 9.00 - 16.50 Apply Now
HDFC Bank Limited 9.50 - 11.00 Apply Now
L&T Housing Finance 9.50 onwards Apply Now
LIC Housing Finance 9.50 - 11.55 Apply Now
Godrej Housing Finance 9.75 onwards Apply Now
Indiabulls Finance 9.75% p.a. onwards Apply Now
Tata Capital 10.10 onwards Apply Now
Bajaj Housing Finance 9.75 - 18.00 Apply Now
Punjab National Bank 10.40 - 12.75 Apply Now

Types of Axis Bank Loan Against Property

Loan Against Property

  • Purpose: Meant for personal or business needs
  • Tenure: Up to 20 years
  • Loan Amount: Ranges from Rs 5 lakh to Rs 5 crore
  • Processing Fee: 1% of the loan amount or Rs 10,000, whichever is greater

Lease Rental Discounting

  • Purpose: Loan secured against rental receipts from leased contracts with corporate tenants
  • Tenure: Up to 9 years
  • Loan Amount: Ranges from Rs 5 lakh to Rs 5 crore
  • LTV Ratio: Up to 50% of the property value or 85% of the net present value of future rentals
  • Processing Fee: 1% of the loan amount or Rs 10,000, whichever is greater

Overdraft Facility Against Property

  • Purpose: Overdraft facility on loan against property for addressing cash flow mismatches and fulfilling working capital needs
  • Tenure: Up to 10 years
  • Loan Amount: Ranges from Rs 5 lakh to Rs 5 crore
  • Processing Fee: 1% of the loan amount or Rs 10,000, whichever is greater
  • Renewal: Every 12 months according to the repayment schedule

Also read: Best Loan Against Property EMI Calculator

Axis Bank Loan Against Property Fees and Charges

Particulars Charges
Processing Fees 1% or Rs 10,000, whichever is higher
Penal interest 2% per month on overdue instalments
Cheque bounce charges Rs 339
Duplicate no dues certificate Rs 50
CERSAI charges
  • For loan amount above Rs 5 lakh- Rs 100
  • For loan amount up to Rs 5 lakh- Rs 50
Foreclosure charges
  • For non-individuals: A 3% foreclosure charge is applicable on the outstanding principal.
  • For individuals using the loan for business purposes: A 3% foreclosure charge is applicable on the outstanding principal.
  • For individuals using the loan for purposes other than business: No foreclosure charge is applicable.
Part payment
  • For repayments exceeding 25% of the principal outstanding in a quarter: 3% charges are applicable on the excess amount repaid.
  • For non-individuals: A 3% part prepayment charge is applicable on the outstanding principal.
  • For individuals using the loan for business purposes: A 3% charge is applicable on the outstanding principal.
  • For individuals using the loan for purposes other than business: No charges apply.
  • For repayments up to 25% of the principal outstanding in a quarter: No charges apply.

Eligibility Criteria for Axis Bank Loan Against Property

  • Age: Between 24 and 65 years
  • Individuals who file Income Tax returns
  • Permanent employees of Government/reputed companies
  • Professionals such as doctors, engineers, lawyers, chartered accountants (CA), company secretaries (CS), dentists, architects, management consultants, and cost accountants

For Lease Rental Discounting

  • The loan is sanctioned exclusively against ready commercial property.
  • The lessee must be a company as defined under the Companies Act, 1956.

In addition to the mentioned eligibility criteria, Axis Bank may also take into account factors such as credit score, monthly income, EMI/NMI ratio, etc., when assessing the eligibility of applicants for Loan Against Property. This aligns with the standard practice of many lenders in evaluating LAP applicants.

Also read: Best Loan Against Property Eligibility

Documents Required for Axis Bank Loan Against Property

The list of documents required for a Loan Against Property application with Axis Bank depends on the applicant and the specific product types. Here are the general documents needed:

  • ID Proof (Aadhar card, Driving license, passport, voter ID, Government employee ID, or any photo ID issued by the Government of India)
  • Address Proof (Electricity bill, gas bill, telephone bill, driving license, Aadhaar card, or property tax receipt)
  • Date of Birth Proof (Birth certificate, SSC certificate, Passport, PAN card, Driving license, or Aadhaar card)
  • Signature Proof (Notarized affidavit with ID and Address proof, Banker’s verification, PAN card, or Passport)
  • PAN card (mandatory)
  • Income Proof:

For Salaried:

  • Form 16 for 2 years
  • Pay slip for last 3 months
  • Salary account statement for last 6 months
  • In case of variable pay, salary slip for 6 months

For Self-Employed:

  1. Processing fee cheque.
  2. Proof of business continuity for the last 5 years.
  3. Tax Audit Report (if applicable)
  4. Personal and business account statements for the last 6 months.
  5. Income Tax Returns (ITR) for the past 2 years, including income computation, Profit & Loss (P&L) statement, and balance sheet, signed and sealed by a Chartered Accountant (CA).
  6. Challan of tax payment and Central Processing Centre (CPC) acknowledgment for the ITR filed, manually signed.

For NRI:

  • Passport copy
  • POA details
  • Valid VISA copy
  • Overseas credit report
  • Pay slip for 3 months
  • Appointment letter
  • Domestic NRE/NRO statement for 6 months
  • 6 months account statement for international salary

For Lease Rental Discounting

  • 26AS for 1 year
  • Valid registered lease agreement
  • 6 months’ bank statement showing the credited rent
  • ITR for 2 years with income computation, balance sheet signed and sealed by CA, P&L
  • Partnership deed, audited financials for 2 years, KYC, operative account, partnership authority letter

Also Read : Best Loan Against Property Documents Required

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Frequently Asked Questions

Axis Bank charges a processing fee of 1% of the loan amount or Rs 10,000 (whichever is higher) from its Loan Against Property applicants. Additionally, an upfront processing fee of Rs 5,000 is charged at the time of application login.

You can apply for an Axis Bank Loan Against Property either directly through the official website of Axis Bank or through offline mode by visiting any Axis Bank branch.

Salaried and self-employed individuals who are at least 24 years old at the time of loan application are eligible to avail Axis Bank Loan Against Property. This includes salaried individuals who file income tax returns and self-employed professionals such as doctors, engineers, architects, dentists, chartered accountants (CAs), and company secretaries.

Axis Bank offers Loan Against Property interest rates ranging from 10.50% to 10.95% per annum. The lender provides different interest rates based on the specific product variant and the credit assessment of the applicant.