Axis Bank provides Overdraft Facility Against Property to help you unlock the potential of your property. Avail Overdraft Facility Against Property starting from Rs. 5 Lakhs up to Rs. 5 Crores, at attractive interest rates and pay interest only on the utilized limit. The interest rates on Overdraft Facility Against Property are listed below.
|Type of Loan
||Applicable Pricing For PSL cases
||Applicable pricing for Non-PSL cases
|LAP (Income Based , GTP,GPR)
||MCLR + 2.75%= 11.35% p.a.
||MCLR + 3.00% = 11.60% p.a.
|LAP (Surrogates - Banking, Repayment Based)
||MCLR + 3.00%= 11.60% p.a.
||MCLR + 3.25% = 11.85% p.a.
|LAP Overdraft Against Property Loans-Residential & Commercial
||MCLR + 3.75% = 12.35% p.a.
||MCLR + 3.85% = 12.45% p.a.
Marginal Cost Based Lending Rate - 8.60%
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.