||Rs.51,000 to Rs.2,50,000
Cycle 1: Max. 1 Lakh
Cycle 2: Max. 1.5 Lakh
Cycle 3: Max. 2 Lakh
Cycle 4 & Above: Max. 2.5 Lakh.
|Rate of Interest
||25% per annum
*ROI is linked with 1 Year MCLR with No Reset
||24 to 36 months
||Processing fees of 2% + Applicable GST. No pre-payment/partpayment charges
*No benefit passed on to the borrowers in terms of premium or tenure
reset in case of part-payments
||Customer and spouse/blood relative covered against the loan
amount if customer opts for it.
Insurance premium to be borne by the customer
|Purpose of loan
||Income generating activities
Home repair activities
||Customers with a minimum of 2 cycle vintage with Axis Bank Group
loans are eligible to apply for the Samriddhi Loan.
|Customer redressal toll free no
|Stamp Duty & other statutory
||As per applicable laws of state.
||All Axis Bank Branch Operational with Group loans
Existing Group borrower of Axis Bank
Must have completed at least 2 cycles of Group loan
Age- Min 24 Years and Max 57 Years at the time of application
Should not have any active group loan on the date of application
Minimum household income- Rs.1,20,000 per annum