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 loanbaba.com, 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.
|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%.
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.