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Reverse Mortgage Fees & Charges
Axis Bank's Reverse Mortgage Loan offers a reliable solution to unlock the value of your property and ensure financial independence. Learn about the associated fees and charges to make informed decisions with confidence.
| Scheme | Asset Power (Reverse Mortgage Loan) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Processing Charges |
| ||||||||||
| Admin Charges | ₹0/- | ||||||||||
| Pre- Prepayment/Foreclosure Charges | No prepayment penalty/charge | ||||||||||
| No Due Certificate | NA | ||||||||||
| Duplicate No Dues Certificate/NOC | ₹50/- per instance | ||||||||||
| Solvency Certificate | NA | ||||||||||
| 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 | ||||||||||
| 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
|
*Other charges
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
Great plans start with well-calculated decisions
EMI Calculator
Discover how to turn your dreams into reality with an EMI Calculator, whether it's purchasing your ideal home, a new car, or planning a vacation etc. Our EMI calculators help you quickly determine your monthly payments, enabling better decisions and helping you plan your finances smartly.
Here are the five benefits of using the EMI calculator:
- Easy to access
- Saves time
- Provides quick results
- Helps you ascertain your EMI
- Aids you in planning
Total Amount Payable
1,37,621
Total Amount Payable
3,00,000
Total Amount Payable
1,00,000
₹
6K
15Cr
%
8% 26%
M
12M240M
₹
0
50L
Loan origination charges should not be more than loan amount.
APR
8.00%
Effective ROI
7.18 %
Important Links
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