Axis Bank Loan against property – Interest Rates 2024, EMI, Documents List

Axis Bank Loan Against Property: Get Details on Eligibility criteria, Documents, Interest Rates, EMI and Other Charges Charged by Axis Bank on Mortgage Loan Online.

Looking for funding? Have a commercial or residential property which you can offer as collateral? Axis Bank’s Loan against Property is just what you need! Axis Bank offers easy and hassle-free Loan against Property for a loan amount starting from Rs. 5 Lakhs. You can avail loan against residential or commercial property at attractive rates of interest.

Features and Benefits of LAP Axis Bank

• Attractive interest rates
• Balance Transfer facility available with additional finance
• Doorstep service
• Loan against property – Residential
• Loan against property – Commercial
• Loan for purchase of commercial property
• Take-over of existing loan with additional refinance (Balance Transfer)
• Lease Rental Discounting (LRD)

Loan against property interest rates Axis bank 2024

Axis Bank provides loans against property, in which you can mortgage your commercial or residential property. You can also utilise the Loan against Property to purchase a commercial property. So go ahead and make the most of our attractive interest rates for Loan against Property.

LAP Rates for Axis Bank/Group company employees:

Processing Fess: 1% or Rs 10,000 (whichever is higher)

Eligibility Criteria for Axis Bank LAP:

Salaried Individuals:

• Any individual who is in permanent service in government or a reputed company
• The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to the age of superannuation

Professionals:

• Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply
• The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Self-employed Individuals:

• Any individual filing Income Tax returns can apply
• The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Lease Rental Discounting (LRD):

• All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956. Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.

Documents Required for Axis Bank Loan Against Property: