Axis Bank Loan Against Security | Interest Rates | Documents | Eligibility

Loan Against Security Axis Bank: Get Details on Loan Against Security Documents, Interest Rates, EMI, Process and Eligibility from Axis Bank Online.

Unlock your financial assets

  • Facility only to individuals
  • Facility in the form of overdraft against list of approved securities
  • Facility upto 75% of security value
  • Interest charged on actual amount utilized
  • No EMI or post dated cheques required
  • No pre payment charges
  • Cheque book facility
  • Term Loan facility available against select securities

Overdraft facility can be availed against pledge of:

  • Mutual Fund units – Facility limit up to 50% of NAV (Net Asset Value)
  • Life Insurance Policies issued by LIC
  • National Savings Certificate (NSC)
  • Kisan Vikas Patra(KVP)

Eligibility: Applicant should be above 21 years of age at the time of application

Interest Rates:

Sr. No Loan amount (Rs.) Rate Of Interest (p.a.)
1 Upto Rs. 10.00 lacs 13.00%
2 Above Rs. 10.00 lacs 12.75%

Documents:

Purpose Documents
Proof of identity Voter’s ID card or driving license or PAN card or employees ID card or government department ID card
Proof of income Latest salary slip showing all deductions or Form 16 along with recent salary certificate / IT returns of last 2 years
Proof of residence Bank account statement or latest electricity bill or latest mobile or telephone bill or latest LIC policy or insurance premium receipt or existing house lease agreement
Bank statement or Pass Book Last 6 months
Holding Statement Latest statement of holding for mutual funds
Guarantor form Optional. (Mandatory in case of joint holding)
Pledge Creation form Mandatory for creation of pledge

Source: Axis Bank Official Website