Here are a few factors

Rating 5 /
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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
Right Documents - Easy Process

Required Documents to Apply for Axis Finance Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
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
For Co-Applicant
  • 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
2. If LAP is applied with Government Bank then 30 year chain is required
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

  • This type of loan is taken against the rental receipts of corporate tenants.
  • The loan amount would be between Rs. 5 Lakhs - Rs. 5 crores.
  • The LTV ratio will be 50% of the property value.
  • Loan tenure will be up to 9 years
  • The processing fee of the loan will be 1% of the sanctioned loan amount or Rs. 10,000 (whichever is higher).

Loan Against property

  • This type of loan is taken to meet any personal or professional needs in emergencies.
  • The loan amount would be between Rs. 5 Lakhs - Rs. 5 crores
  • Loan tenure will be up to 20 years
  • 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

  • This type of loan is taken to balance the cash flow in the business so that it matches and meets the working capital requirements.
  • The loan amount will be between Rs. 5 Lakhs - Rs. 5 crores.
  • Loan tenure will be up to 10 years
  • 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

  • This loan can be taken against rented, vacant, and self-occupied residential properties.
  • The loan amount can be up to Rs. 10 crores.
  • Loan tenure can be up to 20 years.

Loan against commercial property

  • The owners of any commercial property can apply for this type of loan for their personal or business needs.
  • The loan amount can be up to Rs. 20 crores.
  • The loan tenure can be up to 10 years.
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question

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.