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Loans

Overdraft facility Against Property

Unlock the potential of your property to avail flexible credit facility

 

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Interest Savings with Overdraft

Pay interest only on utilized limit

Balance Transfer

Carry over your existing loan with additional refinance

Loan Amount

Minimum - Rs. 5,00,000
Maximum - Rs. 500,00,000

Attractive Interest Rates

Starting from 12.0%

Features and Benefits

    

Eligibility

Individuals who are eligible for a loan against property:

  • Any individual who is in permanent service in the government or a reputed company
  • The applicant should be above 24 years of age at the time of loan commencement and upto the age of superannuation
  • Any individual filing Income Tax returns can apply
  • The applicant should be above 24 years of age at the time of loan commencement and upto 65 years at the time of maturity
  • Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply
  • The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity
  • All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956.
  • Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.

Minimum Limit - Rs. 5,00,000
Maximum Limit - Rs. 5,00,00,000 (based on Product/Variant categorisation)
20%-30% margin in case of purchase of commercial property
40%-55% margin in case of loan against residential/commercial property

Keep your documents ready

  • Proof of identity (any one of the following):
    • Voter ID card
    • Driving license
    • PAN card
    • Photo credit card
    • Employee ID card
    • Defence/Police/Government department ID card
  • Proof of income:
    • Latest salary slip showing all deductions or Form 16
    • Recent salary certificate
    • Last 6 months bank statement/pass book where salary or income is credited
  • Proof of Residence (any one of the following):
    • 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
    • Latest NSC
    • Other similar instruments indicating the address or existing house lease agreement
  • Guarantor form (Optional)
  • Copy of lease agreement for all lease rental discounting cases
  • Proof of identity (any one of the following):
    • Voter ID card
    • Driving license
    • PAN card
    • Photo credit card
  • Proof of income:
    • IT Returns of last 2 years
    • Computation of income of last 2 years certified by a Chartered Accountant
    • Last 6 months bank statement/pass book where salary or income is credited
  • Proof of Residence (any one of the following):
    • Bank account statement
    • Latest electricity bill
    • Latest mobile/telephone bill
    • Latest credit card statement
    • Latest LIC policy/insurance premium receipt
    • Latest NSC
    • Other similar instruments indicating the address
  • Guarantor form (Optional)
  • Copy of lease agreement for all lease rental discounting cases

HAVE QUERIES?

  • What is the turn around time for decisioning a Loan Agaianst Prperty application?

Axis Bank will convey its decision within 30 working days from the date of receipt of the application provided the application...

  • What is the location and the timings of the Axis Bank Loan Center closest to me?

For a complete list of Axis Bank Loan Center addresses and hours of service, please click here

  • What are the different property types considered under the Loan Against Property scheme?

Axis Bank Loan Against Property can be availed for a self-occupied residence or a commercial property.

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