Axis Bank Loan Against Property

Axis Bank Loan Against Property is offering higher loan amount with low interest rate facility of starting from 11% p.a. The longer tenure period of the loan and speedy approval makes it all together for customers to use their own property as their assets. The minimum amount of loan against property is ₹5,00,000/- and the maximum is up to ₹5,00,00,000/-.

Loan Against Property

    Personal Details

    Axis Bank Loan Against Property Details

    ParticularsDetails
    Interest Rates11.30% - 11.80%
    Minimum Amount₹ 5 lakhs
    Maximum Amount₹5 crores
    TenureUp to 20 years
    Processing Fee1% of ₹ 5,000(whichever is higher) + GST

    How to Apply For Axis Bank Loan Against Property?

    The procedure to apply for a loan against property at Axis Bank is very simple. All you have to do is submit the filled application form along with the KYC and the property details on which you are taking the loan. The documents provided to the bank must be genuine and match with the originals.

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    Axis Bank Loan Against Property EMI Calculator

    To know the monthly installments that you need to pay every month, you can use EMI (Equated Monthly Installment), calculator. You just need to mention the loan amount, the interest rate and the tenure period to get the resulted EMI. For eg., If your loan amount for the tenure of 20 years is ₹10,00,000/- on an interest rate of 11%, the EMI per month comes out to be ₹10,322/-. To know the EMIs of each month for the tenure period of 20 years, see the below-given table.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 10,00,00011%1₹ 88,382₹ 60,580₹ 10,60,580
    ₹ 10,00,00011%2₹ 46,608₹ 1,18,588₹ 11,18,588
    ₹ 10,00,00011%3₹ 32,739₹ 1,78,594₹ 11,78,594
    ₹ 10,00,00011%4₹ 25,846₹ 2,40,585₹ 12,40,585
    ₹ 10,00,00011%5₹ 21,742₹ 3,04,545₹ 13,04,545
    ₹ 10,00,00011%6₹ 19,034₹ 3,70,454₹ 13,70,454
    ₹ 10,00,00011%7₹ 17,122₹ 4,38,285₹ 14,38,285
    ₹ 10,00,00011%8₹ 15,708₹ 5,08,009₹ 15,08,009
    ₹ 10,00,00011%9₹ 14,626₹ 5,79,593₹ 15,79,593
    ₹ 10,00,00011%10₹ 13,775₹ 6,53,000₹ 16,53,000
    ₹ 10,00,00011%11₹ 13,092₹ 7,28,190₹ 17,28,190
    ₹ 10,00,00011%12₹ 12,536₹ 8,05,120₹ 18,05,120
    ₹ 10,00,00011%13₹ 12,075₹ 8,83,743₹ 18,83,743
    ₹ 10,00,00011%14₹ 11,691₹ 9,64,011₹ 19,64,011
    ₹ 10,00,00011%15₹ 11,366₹ 10,45,874₹ 20,45,874
    ₹ 10,00,00011%16₹ 11,090₹ 11,29,281₹ 21,29,281
    ₹ 10,00,00011%17₹ 10,854₹ 12,14,177₹ 22,14,177
    ₹ 10,00,00011%18₹ 10,650₹ 13,00,507₹ 23,00,507
    ₹ 10,00,00011%19₹ 10,475₹ 13,88,218₹ 23,88,218
    ₹ 10,00,00011%20₹ 10,322₹ 14,77,252₹ 24,77,252

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

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    YearPrincipalInterestBalance Amount
    1₹ 14,583₹ 1,09,279₹ 9,85,416
    2₹ 16,270₹ 1,07,592₹ 9,69,145
    3₹ 18,153₹ 1,05,709₹ 9,50,992
    4₹ 20,254₹ 1,03,608₹ 9,30,737
    5₹ 22,598₹ 1,01,264₹ 9,08,139
    6₹ 25,213₹ 98,649₹ 8,82,926
    7₹ 28,130₹ 95,732₹ 8,54,795
    8₹ 31,386₹ 92,476₹ 8,23,408
    9₹ 35,018₹ 88,844₹ 7,88,390
    10₹ 39,070₹ 84,792₹ 7,49,319
    11₹ 43,591₹ 80,271₹ 7,05,728
    12₹ 48,636₹ 75,227₹ 6,57,092
    13₹ 54,264₹ 69,598₹ 6,02,828
    14₹ 60,543₹ 63,319₹ 5,42,284
    15₹ 67,549₹ 56,313₹ 4,74,734
    16₹ 75,366₹ 48,496₹ 3,99,368
    17₹ 84,087₹ 39,775₹ 3,15,280
    18₹ 93,818₹ 30,044₹ 2,21,462
    19₹ 1,04,674₹ 19,188₹ 1,16,787
    20₹ 1,16,881₹ 7075₹ 0

    Axis Bank Loan Against Property Eligibility Criteria

    Axis Bank loan against property ca be availed by salaried as well as self-employed individuals. The individuals who are eligible to get Axis bank loan against property are:

    For salaried individuals:

    • Individuals with permanent job in government or in reputed company
    • Applicant should be above 24 years of age

    For self-employed individuals/professionals:

    • Any individual filing Income Tax returns can apply
    • Applicant must be above 24 years up to 65 years

    Axis Bank Loan Against Property Documents Required

    The list of documents that you need to submit at the time of loan agreement are as follows:

    For salaried individuals

    • Identity proof (any one)
      • Voter ID card
      • Driving license
      • PAN card
      • Photo credit card
      • Employee ID card
      • Government department ID card)
    • Income proof
      • Latest salary slip or Form 16
      • Recent salary slip certificate
      • last 6 months bank statements/passbook with salary transaction details
    • Residence proof (any one)
      • Bank account statement
      • Latest electricity bill
      • Latest mobile/telephone bill
      • Latest credit card statement
      • Latest LIC policy/insurance premium receipt
      • Employers letter certifying the current mailing address
      • Lates NSC
      • Other document mentioning address
    • Guarantor form (optional)
    • Copy of lease agreement
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    For other applicants

    • Identity proof (any one)
      • Voter ID card
      • Driving license
      • PAN card
      • Photo credit card
    • Income proof
      • ITR returns for last 2 years
      • Computation of income for last 2 years
      • Last 6 months bank statement/passbook
    • Residence proof
      • Bank statement
      • Latest electricty bill
      • Latest mobile/telephone bill
      • Latest credit card statement
      • Latest LIC policy/insurance premium receipt
      • Employers letter certifying the current mailing address
      • Lates NSC
      • Other document mentioning address

    Axis Bank Loan Against Property Application Form

    You need to fill in the below-given details in the application form:

    • Personal details
    • Property details
    • Address details
    • Professional details

    Benefits & Features of Axis Bank Loan Against Property

    • Loan against commercial/residential property
    • Attractive interest rates starting from 11%
    • Loan transfer facility
    • Doorstep service
    • Lease rental discount available
    • eDGE loyalty reward points

    Axis Bank Loan Against Property Interest Rates

    Axis Bank has come up with attractive interest rates starting from 11% p.a on loan against property with tenure period of 20 years. The processing fees of the loan is 1% of the loan amount.

    Personal Loan Interest Rates December 2018
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank11.25% - 21.50%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank12.00% - 17.00%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates December 2018
    State Bank of India/SBI8.75% - 9.35%
    HDFC8.80% - 9.70%
    Bank of Baroda8.65% - 9.65%
    LIC Housing8.85% - 9.05%
    PNB Housing Finance9.00% - 13.00%
    ICICI Bank9.10% - 9.35%
    Axis Bank8.85% - 9.10%
    Citibank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank8.90% - 8.75%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 14.00%