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axis finance loan against property
Axis Bank provides Loan against Property starting at Rs. 5 Lakhs, for residential or commercial properties, with attractive interest rates and a maximum tenure of 20 years. The loan amount can range from Rs. 5 Lakhs to Rs. 5 Crores, with processing fees of 1% or Rs. 10,000, whichever is higher. The loan can be applied for online, in person, or by phone. Additionally, Axis Bank offers lease rental discounting against rental receipts from leased contracts of corporate tenants. The bank has a vast network of domestic branches, ATMs, and cash recyclers across India. The Loan against Property can be used for any legally permitted purpose, personal or business. Interest rates start from 11% p.a. onwards, and part payment is allowed for Home Loan / Loan Against Property.
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axis finance loan against propertyHere are a few factors
| Location | 50Km from Branch Location |
| CIBIL Score | 650+ |
| Applicant | Salaried & Self Employed Both |
| Applicant Age | Salaried-22 Year to 60 Year, Self Employed-24 Year to 65 Year |
| Loan Amount & Tenure | 30
Lac to 10 Cr (5 year to 15 year) |
| Login Fees | 5900 |
| Rate of Interest & Type | 10% to 11% (Reducing) |
| TAT | 10 Days |
| Processing Fees | Physical |
| Foreclosure Charges | 4% after 1 year |
| Insurance | 1%-4% |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 1 Year |
| Part Payment Allowed | Yes |
| LTV | SORP-70% of Market Value, SOCP-65% of Value, Industrial -65% , Industrial Purchase-60% |
| Product | 1.
Term Loan 2. Banking Program 3. GST Program 4. Track Base Product 5. Lease Rental Discounting |
| Program | Banking
Program-5 Cr, BT+Topup-upto 7 Cr, LIP Program3 Cr, Loan Track record-1.25
multiplier after 12 month, Income Program-10 Cr, GST Program-5 Cr |
| FOIR | 1.
Salaried Person- If Salary>1 Lac-80% of Salary, If monthly Salary<1
lac-60% of Salary 2. Self Employed-100% of Income |
| Cautious Profile | 1.
Jewelers 2. Builders 3. Advocates 4. NBFC 5. Politician 6. DSA Profile |
| Negative Profile | 1.
Cash Salary Applicant 2. NRI Self Employed 3. Without ITR 4. Builder Profile 5. Advocate 6. Any Profile where collection discomfort 7. Police men below SI rank |
| Funded Property | (i) Residential (ii) Commercial (iii) Industrial (iv) Plot |
| Negative Property | Stone Slab Property, Lal Dora Property,Without MAP Property, Sub-Divided Property, Legal not clear, Technical not clear, GPA Property, Subject to sale deed, Current Sale Deed<1 year Old, Freehold unapproved property, Auction Propety, Restaurent, Hotel, Multi Tanented Unit, Property in Demolition List, Property which Legal & techincal not clear |
| Accepted Collateral | Funding to all Property except Negative Property |
| Minimum Job Experience for Salaried Person | 2 Year |
| Experience with Current Employer | 3 month |
| Any Specific Product for Professionals | No |
| USP | 1.
4 month track can be BT 2. Cash Rental Considered 3. Funding against Freehold Property |
| Additional | Funding to School, Khasra Property, Hospital, Nursing Home, Mall, Commercial Complex, Godown |
axis finance loan against property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 10 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,792 |
| Total Interest | ₹ 5,499 |
| Loan Amount + Interest | ₹ 105,499 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,076 | ₹ 2,300 | ₹ 26,376 | ₹ 75,924 | 24.08 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,929 | ₹ 3,199 | ₹ 79,128 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Axis Finance Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Axis Finance Loan Against Property
For individuals in need of money to grow their business, arrange a dream wedding for themselves or a loved one, or enhance supplies ahead of the holiday season, Axis Finance Loan Against Property is the best option. For a loan term of up to 20 years, they provide loans up to 10 crore rupees against the broadest variety of assets, including residential, commercial, and industrial ones. Their straightforward digital procedures enable speedier and hassle-free application processing from almost anywhere.
In emergencies, when you need money and lose hope from the end, you cannot manage your house's financial needs. Loans against property are the answer to many such situations. These days, Axis Finance Loan Against Property has proven to be the best for offering such loans at the best interest rates. Let's move ahead in this article and learn a lot more about this loan against property.
Lease Rental Discounting
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This type of loan is taken against the rental receipts of corporate tenants.
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The loan amount would be between Rs. 5 Lakhs - Rs. 5 crores.
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The LTV ratio will be 50% of the property value.
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Loan tenure will be up to 9 years
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The processing fee of the loan will be 1% of the sanctioned loan amount or Rs. 10,000 (whichever is higher).
Loan Against property
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This type of loan is taken to meet any personal or professional needs in emergencies.
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The loan amount would be between Rs. 5 Lakhs - Rs. 5 crores
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Loan tenure will be up to 20 years
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The processing fee of the loan will be 1% of the sanctioned loan amount or Rs. 10,000 (whichever is higher)
Overdraft Facility Against Property
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This type of loan is taken to balance the cash flow in the business so that it matches and meets the working capital requirements.
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The loan amount will be between Rs. 5 Lakhs - Rs. 5 crores.
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Loan tenure will be up to 10 years
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The processing fee of the loan will be 1% of the sanctioned loan amount or Rs. 10,000 (whichever is higher).
Types of Axis Finance Loan Against Property
Loan against residential property
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This loan can be taken against rented, vacant, and self-occupied residential properties.
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The loan amount can be up to Rs. 10 crores.
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Loan tenure can be up to 20 years.
Loan against commercial property
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The owners of any commercial property can apply for this type of loan for their personal or business needs.
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The loan amount can be up to Rs. 20 crores.
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The loan tenure can be up to 10 years.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
AXIS finance offers LAPs starting from 12 months to 240 months.
Yes, they will check your credit history.
AXIS Bank usually takes five working days to approve the loan.
Yes, they allow foreclosure of the loan at zero charges.
Yes, as per the RBI requirements, property insurance is mandatory.
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