Axis Bank Loan Against Property

4.0 / 5.0 4 users

Axis Bank offers loans against properties. These loans are the best way to finance your property and acquire one without hassles. These loans apply to both commercial as well as residential properties. The loans are offered at minimal interest charges and can also be used for the takeover of an existing loan.

At, you can access free-to-use Axis Bank loan against property EMI calculator, check your Axis bank loan against property eligibility, compare loan against property interest rates in Axis Bank. You can apply for loan against property online on Axis Bank's official website.

Features of the Axis Bank Loans against property

  • These loans allow refinancing options and takeover of an existing loan.
  • It has loyalty points along awarded depending on the disbursal amount.
  • The borrowing limit starts from Rs 5,00,000 and goes up to Rs 5,00,00,000 based on the product category.
  • In case you opt for a loan against your commercial property, a margin of 20% to 30% is mandatory.
  • In case you opt for a loan against your residential/commercial property, a margin of 40% to 45% is mandatory.

Applicable interest rates: updated on

Loan Type Pricing For PSL cases Pricing for Non-PSL cases
LAP (Income Based, GPR,GTP)  MCLR + 2.85% = 11.0 % p.a. MCLR + 3.10 % = 11.25 % p.a.
LAP (Surrogates- Banking, Based on Repayment) MCLR + 3.10 %= 11.25 % p.a. MCLR + 3.35 % = 11.50 % p.a.
LAP Overdraft Against Property -Residential & Commercial MCLR + 3.85 % = 12 % p.a. MCLR + 3.95 % = 12.10 % p.a.

Rates applicable based on marginal cost = 8.15%

MCLR Reset frequency for loans against property is allowed half yearly.

The base rate here is 9%.

Eligibility criteria

  • These loans are offered to salaried individuals who are permanent employees in a reputed or a government company.
  • These loans can also be availed by the self-employed individuals who file income tax returns.
  • Self-employed professionals such as doctors, dentists, engineers, CA, CS, cost accountants, management consultants can also apply.
  • However, these salaried or self-employed individuals and self-employed professionals should be over 24 years of age during the commencement of the loan and not more than 65 years at maturity.

The processing fee applicable is 1% of the loan amount plus service tax. Pre-payment charges are applicable at 2%.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Axis Bank.