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 |
| Product | Interest Rates (p.a.) |
|---|---|
| Priority Sector LAP | 10.50%-10.90% |
| Non-Priority Sector LAP | 10.50%-10.95% |
| 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
| 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 |
Also read: Best Loan Against Property EMI Calculator
| 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 |
|
| Foreclosure charges |
|
| Part payment |
|
For Lease Rental Discounting
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
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:
Also Read : Best Loan Against Property Documents Required
Yes, you can make part payments on your loan to reduce your loan burden. Axis Bank allows borrowers to make partial payments of a minimum of Rs. 10,000, up to a maximum of 3 times, at any Axis Bank Loan against Gold Branch.
The loan amount you can avail under the Axis Bank Gold Loan ranges from Rs. 25,001 to Rs. 25 lakh. However, the final loan amount approved will depend on various factors including your requirements, the valuation of the gold you pledge as collateral, and your repayment capacity.
You can choose a flexible loan tenure ranging from 6 months to 36 months for your Axis Bank Gold Loan.
Yes, you will be required to pay a loan processing fee (non-refundable) and a valuation fee when availing an Axis Bank gold loan.
No, a co-applicant is not required for availing an Axis Bank gold loan.
