Avail benefits even as you rent property and get easy access to funds through Lease Rental Discounting from Axis Bank, against your rental receipts received from leased contracts. Lease Rental Discounting by Axis Bank offers attractive interest rates starting at 11%. The Lease Rental Discounting interest rates are listed below, in detail.
|Type of Loan
||Applicable Pricing For PSL cases
||Applicable pricing for Non-PSL cases
|LAP (Income Based, GTP, GPR)
||MCLR + 2.85%= 11.35% p.a.
||MCLR + 3.10% = 11.60% p.a.
|LAP (Surrogates - Banking, Repayment Based)
||MCLR + 3.10%= 11.60% p.a.
||MCLR + 3.35% = 11.85% p.a.
|LAP Overdraft Against Property Loans-Residential & Commercial
||MCLR + 3.85% = 12.35% p.a.
||MCLR + 3.95% = 12.45% p.a.
Marginal Cost Based Lending Rate - 8.50%
MCLR Reset frequency for Loan against property - Half Yearly
Base Rate - 9.40%
MRR - 14.25%
BPLR - 17.15%
Customers who have availed disbursement or received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.