Enjoy long tenures up to 20 years

Axis Bank Loan Against Property

Should you be in need of financial support and possess a residential or commercial property that can be used as security, Axis Bank's Loan Against Property could be the ideal solution for you. This facility by Axis Bank simplifies the process, offering a Loan Against Property starting at ₹5 Lakhs. You can secure a loan against residential and commercial properties at appealing interest rates while accumulating eDGE Loyalty Reward points.

Features & Benefits
Interest Rates
Fees & Charges
Eligibility & Documentation
How to Apply
FAQs

Features & Benefits

Get a loan on different kinds of property

Avail loan against your commercial property, residential property, or a loan to purchase a commercial property.

Avail attractive Interest Rates

Get Interest rates starting as low as 9.25%.

Transfer your existing loan

Balance transfer your existing loan to Axis Bank and get additional refinance.

Bank comfortably with doorstep service

Apply for and handle your loan from the comfort of your home or office with service at your doorstep.

Avail extra benefits

Get Lease Rental Discounting and Overdraft facility against your property.

Loan Against Property Interest Rates

For Interest Rates on Loan against property Click Here

For further details Click Here

Type	Repo Rate + Spread	Effective Rate of Interest
Floating Rate - PSL Category	Repo Rate + 3.75% to Repo Rate + 4.50%	9.25% to 10.00%
Floating Rate - Non-PSL Category	Repo Rate + 4.00% to Repo Rate + 4.50%	9.50% to 10.00%

Fees & Charges

Avail Loan Against Property from Axis Bank when you require funds to meet crucial expenses such as education, marriage and healthcare. The fees and charges levied by Axis Bank for Loan Against Property are completely transparent and upfront. Read in detail about the fees and charges for Loan Against Property, below.

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Eligibility Documentation

Eligibility for Loan Against Property

Axis Bank provides Loan Against Property for salaried employees, self-employed individuals and self-employed professionals. Fulfil the required eligibility criteria based on your occupation and age to avail the loan. Refer the below mentioned Loan Against Property eligibility criteria to know more.

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Documentation for Loan Against Property

Submit the documents listed below and get a Home Loan / Loan Against Property sanctioned in 5 days!

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How to apply for a ₹80,000 Personal Loan?

How to apply for a Mortgage Loan online?

01
Visit the Axis Bank website and click on the ‘Explore Products’ option.
02
Click on the ‘Loans’ option and select the ‘Loan Against Property’ option.
03
Use the online eligibility calculator to get a quick estimate of your loan eligibility. If you are unsure of your tenure and your repayment strategy, you can use the Loan Against Property EMI calculator for better insights.
04
Next, fill in the application form by providing accurate information.
05
Scan any documents if necessary and upload them for the verification process.
06
If approved, you should review a loan sanction letter, followed by the disbursement of the loan amount.

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Tips for a Mortgage Loan

Your financial readiness

Before you apply for a Mortgage Loan, it is essential to evaluate your financial health. Check your credit score, as a good credit score can enhance your chances of securing favourable loan terms.
Also, analyse your debt-to-income ratio (DTI) and aim for a DTI below 43% to increase your odds of approval.

Set a clear budget

Consider your monthly income, expenses, and financial goals to set a clear budget. Account for property-related costs such as taxes, insurance and closing fees. This will help you determine how much you can comfortably afford without straining your finances.
Stick to a realistic property price to ensure long-term financial stability.

Consider your options carefully

Understanding different mortgage options is crucial to secure the best financial terms and minimize long-term costs. Fixed-rate mortgages offer stable payment options, while floating-rate loans fluctuate with market interest rates.
Evaluate which suits your financial situation better. You can also use a Loan Against Property calculator to get a better idea of suitable tenure and monthly instalments.

Save and avoid major financial changes

Start saving early for your down payment and associated costs. A larger savings safety net can enhance your loan approval chances.
Avoid opening new credit accounts or making any significant financial commitments during the loan application process, as it could affect your financial profile.

Understand the loan process

Familiarise yourself with the home loan process to ensure a smooth application. Start by gathering all the necessary documentation like identity proof, address proof, income proof and property documents.
Apply for the loan with accurate details and promptly provide any additional information requested during the application process.

Get pre-approved

Obtaining pre-approval from a lender demonstrates your seriousness as a buyer and provides clarity on your borrowing capacity.
It simplifies the property purchase process, making you a more reliable candidate to sellers and ensuring quicker loan disbursal.

Downloads Application Form

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Terms & Conditions

Terms and conditions for a Loan Against Property are the guidelines that outline the agreement between the borrower and the lender. These terms include the Interest Rate, repayment period, and fees.

Repayment:

Maximum repayment period is 20 years

Security:

Equitable mortgage of the property to be financed, by way of deposit of title deeds

Insurance:

Customer can avail Property and Personal Accident Insurance Cover as per the guidelines and arrangements with the insurer/underwriter. This is optional.

Processing Fee:

A processing fee equivalent to 1% of the loan amount sanctioned (taxes as applicable) inclusive of a non-refundable login fee of ₹5,000/- (taxes as applicable).

Penalty for early closure:

Pre-payment charges - if any applicant is non individual - 3% will be charged if the amount exceeds 25% of the principal outstanding during a quarter, otherwise no penalty will be charged in case of all loans. In case of take-over/transfer of your loan from Axis Bank Limited by/to any other bank/housing finance company/financial institution, a prepayment penalty of 3% on the principal outstanding will be recovered.

Other Conditions:

Axis Bank reserves the right to reject any application without assigning reasons thereof

The applicant will undertake to inform the Bank as and when there is a change in address or employment

The terms and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Axis Bank's discretion.

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Frequently Asked Questions

The main reason people take out loans secured by property is to expand their businesses, purchasing equipment, consolidating debt, and obtaining funds for business needs.

Equated Monthly Instalments, or EMIs, are used to make the payment of Loan Against Property. This EMI is paid each month and consists of principal and interest components.

The maximum tenure of Loan Against Property offered by Axis Bank is 20 years.

Related Products

Explore various types of loan against property to meet your unique needs.

Learning Hub

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Loan Against Property

Avail up to 20 years loan tenure

Balance Transfer

Loans starting from ₹5 lakhs

Attractive interest rates

Axis Bank Loan Against Property

Features & Benefits