Do you have a commercial or residential property that you can give as collateral? If you are looking for funding, then Axis Bank Loan Against Property is just what you need. Axis Bank offers easy and hassle free loan against property for loan amount starting from Rs. 5 lakh to Rs. 50 million. You can get loans against residential or commercial properties at attractive interest rates. Moreover, you can apply for Loan Against Property online and complete your loan application process from the comfort of your home or office, thanks to our doorstep service.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
Axis Bank offers Loan Against Property for salaried employees, self-employed individuals and self-employed professionals. Meet the required eligibility criteria based on your occupation and age to avail the loan. To know more check the loan eligibility criteria against property mentioned below.
Individuals who are eligible for Loan Against Property:
Any person who is in permanent service in Government or any reputed company. The applicant should be more than 24 years of age at the time of commencement of the loan and till the age of superannuation.
Any person filing income tax return can apply. The applicant should be above 24 years of age at the time of commencement of the loan and up to 65 years of age at the time of maturity.
Yes. Total processing fee of 1% of the outstanding principal with a minimum of Rs. 10,000 plus GST will be charged if applicable. An advance processing fee of Rs 5000 plus GST will be collected at the time of application login. This fee will not be refunded under any circumstances like loan rejection/refund of loan application etc., non-disbursement of loan for reasons solely attributed to the customer. Balance processing fee as applicable will be recovered at the time of loan disbursement.
Yes! Axis Bank offers LAP for salaried NRI customers.
EMI will be payable on a specified date every month. You will be notified of the date when your loan amount will be disbursed.
You can repay your Axis Bank Loan Against Property in any of the following ways: Standing Instruction (SI): This mode can be used if you have an existing Savings, Salary or Current account with Axis Bank. You may wish to open a savings account with Axis Bank to use this option. Your EMI amount will be automatically debited from the Axis Bank account specified by you at the end of the monthly cycle. National Automated Clearing House (NACH): This mode can be used when you have an individual -Axis bank account and you want your EMI to be automatically debited from this account at the end of the monthly cycle.
MCLR stands for Marginal Cost of Funds Based Lending Rate. MCLR is the benchmark rate below which banks cannot lend to customers who are availing MCLR linked loans. This new benchmark rate is applicable for fresh loans sanctioned and for loan limits renewed from April 1, 2016.
Call Now
Enquiry Now