| Product |
| Rate of Interest disbursed Jan’25-Mar’25 |
| Min ROI |
Max ROI |
|
Mean Rate |
| Loan Against Fixed Deposit |
|
9.13% |
|
Note:
It includes various categories like fixed rate/floating rate as applicable and is based on factors such as loan
amount, customer relationships, etc.
Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.
|
Penalty for early Closure
Nil
Charges
| 1 |
Processing Fee Charges : Nil |
| 2 |
Penal Interest Rate : NA |
| 3 |
NEFT : As applicable at Bank Level*
|
|
4
|
RTGS : As applicable at Bank Level* |
|
5
|
Charges for other service are levied as applicable to normal current account. For details please visit bank website www.axisbank.com . |
| 6 |
Cooling off/look-up period is the period during which borrower shall not be charged any penalty on prepayment of the loan. However, the proportionate APR will be charged. |
3 Working days** |
Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
*In case you need to cancel the loan within the cooling period. Please follow the below mentioned process. Visit Axis Support Page on the Axis bank's website, click on connect via Email.
- Click on Start Selection here ❮Select Loans❯
- Click on continue select loan ❮Select Loan Product Type❯
- Click on choose your Query ❮Loan Cancellation❯
- Click on choose your query ❮How do I cancel my loan❯
- Click on Email tab and send the request along with the following details mentioned below.
*Account Number, Name on the Account, Registered Mobile number
**Working day shall mean all days except Sundays, 2nd & 4th Saturdays of the month & all state holidays applicable as per Maharashtra (either planned or declared as followed by Axis Bank).
**No penalty is charged if the overdraft account is closed within the cooling off/ look up period (3 working days). Processing fees, stamp duty, pledge charges, other statutory charges (if applicable) and GST would not be waived/refunded in case of account closure within cooling off/look up period. However, if the customer utilizes the overdraft facility, then interest till the date of closure will be charged in case of account closure within cooling off/ look up period.
