Lease Rental Discounting Fees & Charges

Fees & Charges
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Axis Bank offers Lease Rental Discounting to help you meet essential expenses such as education, marriage, and healthcare. The fees and charges associated with this service are transparent and clearly stated. Explore the details of these fees and charges below.

Scheme

Asset Power (Loan Against Property)

Overdraft Against Property

Lease Rental Discounting

Total Processing Fee Charge

Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable).
An upfront processing fee of ₹5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
The processing fee is a non-refundable fees - collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.

Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable).
An upfront processing fee of ₹5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
The processing fee is a non-refundable fees - collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.

Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable).
An upfront processing fee of ₹5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
The processing fee is a non-refundable fees - collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.

Admin Charges

NIL

Part payment

The customers falling under category of Micro and Small Enterprise customers, shall not be charged foreclosure and part prepayment charges, irrespective of source of funds for closure. (applicable only for LAP Term loan and Overdraft facility loan). The same is subject to change from time to time and the decision of bank is final.

Applicable for LAP Only: Part pre-payment charges term loan:
1. Upto 25% of the principal outstanding repaid in the quarter - NIL Charges
2. More than 25% of principal outstanding repaid in a quarter
-3% charges on excess amount repaid (Total amount repaid less 25% of the principal outstanding). The quarter refers to calendar quarter. No part prepayment is allowed in the first quarter after taking the loan.

If primary applicant is a non-Individual (irrespective of end use): 3% part prepayment charge on outstanding principal is applicable.
If primary applicant is an Individual with end use as business: 3% part prepayment charge on outstanding principal is applicable.
If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution)

No Part payment charges

If primary applicant is a non-Individual (irrespective of end use): 3% part prepayment charge on outstanding principal is applicable.
If primary applicant is an Individual with end use as business: 3% part prepayment charge on outstanding principal is applicable.
If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution)

Foreclosure Charges

1. If primary applicant is a non-Individual (irrespective of end use): 3% foreclosure charge on outstanding principal is applicable.
2. If primary applicant is an Individual with end use as business: 3% foreclosure charge on outstanding principal is applicable.
3. If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution)

Foreclosure Charges: 2 %(+Goods and Service Tax as applicable) of the opening Overdraft limit set for the specific year.

Non utilization charges for overdraft facility (Applicable only for Straight line overdraft facility)

If average quarterly utilization is <25% ofdrawing power then quarterly 0.10% will becharged on the difference between actual average utilization and expected utilization (i.e. 25%)

Renewal charge for overdraft facility (Applicable for Dropline and Straight line overdraft facility)

0.5% of the drawing power set or ₹5,000/- whichever is lower plus applicable GST should be charged at the time of each renewal of limit

Duplicate Amortization Schedule issuance charges

₹250/- per instance

Charges on customer initiated request for copies of Document

₹500/- per document set

Duplicate Interest Certificate(Pov/Actual) Issuance charge

₹50/- per instance

No Due Certificate

Duplicate No Dues Certificate/NOC

₹50/- per instance

Solvency Certificate

Penal Charges

Financial Default*:- 8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance)
Financial Default includes all types of payment or financial defaults/irregularities with respect to the Loan Account.
There shall be no capitalization of Penal Charges.

Financial Default*:- 8% p.a. above current applicable interest rate on the overdue amount ( Penal Charge not exceeding ₹1,00,000 (₹ One lakh)
Financial Default includes all types of payment or financial defaults / irregularities with respect to the loan account.
There shall be no capitalization of Penal Charges.

Material Terms & Conditions

Financial Default -

Non-payment of interest / installment on due date
Over drawn ls beyond limit/Drawing Power breach

Financial Default -

In event of non-payment of overdraft / interest
Over drawn ls beyond limit/Drawing Power breach

Financial Default -

Non-payment of interest / installment on due date
Over drawn ls beyond limit/Drawing Power breach

Stamp Duty & other statutory charges

As per applicable laws of the state

Cheque Bounce Charges

₹339/- per instance

Cheque/Instrument swapping charges

₹500/- per instance

Duplicate statement issuance charges

₹250/- per instance

Issuance Charges for Photocopy of Title Deeds

₹500/- per document set

Credit Report Issuance Charges

₹50/- per instance

CERSAI Charges

₹50/- for Loans upto 5 lakhs
₹100/- for Loans above ₹5 lakhs

Equitable mortgage creation charges

As applicable in the state

Equitable Mortgage Cancellation charges

As applicable in the state

Switching Fees (Higher Floating Rate to Lower Floating Rate)

Switching from the higher Floating Rate to Lower Floating Rate will attract an administrative charge of
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Principal O/s at the time of ROI conversion	Charges
Upto 10 Lacs	1000+GST
10.01 Lacs to 30 Lacs	2000+GST
30.01 Lacs to 75 Lacs	3000+GST
>75 Lacs	5000+GST

Switching Fee (Higher fixed rate to lower Fixed rate)

Switching from the Higher Fixed Rate to Lower Fixed Rate will attract a fee of 0.5% on outstanding principal with
minimum of ₹10,000/- The Lower Rate will be equal to the applicable carded interest rate only

Re- Pricing Charges

Switching from the Floating Rate scheme to Fixed Rate scheme will attract a fee of 1% on the outstanding principal with a minimum of ₹10,000/-.

Switching from the Fixed Rate scheme to Floating Rate scheme will attract a fee of 2% on the outstanding principal.

*Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable). The above charges are subject to change and the same shall be updated on our website www.axis.bank.in accordingly.