Axis Bank Mortgage Loan

Interest Rate starts from 11.60%
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Mortgage Loan From Axis Bank

Possessing a valuable property that can be mortgaged for your needs? Check out the Mortgage Loan offers from ApnaLoanBazaar provided by various bank across India and enjoy our support till the Loan closure.

Interest Rate starts from
11.6%
Processing Fee
1.0% *
Loan Tenure
Upto 15 Years
Guarantor Requirement
Allowed
Part-Payment
Allowed
Pre-Closure Charges
Nil * Individuals 2% For Non-Individuals

About Axis Bank

Axis Bank Limited provides a suite of corporate and retail banking p roducts. The Bank operates through four segments: Treasury, Retail Banking, C orporate/Wholesale Banking and Other Banking Business. Its Treasury operations include inv estments in sovereign and corporate debt, equity and mutual funds, trading operations, derivativ e trading and foreign exchange operations on the proprietary account and for customers. Its Retail B anking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services among others. Its Corpo rate/Wholesale Banking includes corporate relationships not included under Retail Banking, corporate advi sory services, placements and syndication, project appraisals, capital market related services and cash man agement services. Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions.

Highlights

'Best Loyalty Program of the year', 9th Loyalty Awards 2016
Best Security among Private Sector Banks in India by Data Security Council of India (DSCI), 2015
No. 1 Promising Banking Brand of 2015, ET Best Brands 2015
Innovation in Social Pay-Aegis Graham Bell Awards 2015
Best Domestic Bank in India- Asiamoney Best Banks 2015
'Best Audit Committee' by Asian Centre for Corporate Governance & Sustainability, 2015

FAQs About Axis Bank Mortgage Loans

What is the best way to apply for a Loan Against Property from Axis Bank?

    You can start the process of applying for a Mortgage Loan in any of the following ways:

  • By applying Online with ApnaLoanBazaar, Click Here to Apply or by write a mail to care@apnaloanbazaar.com or calling us on 040 65555578You can start the process of applying for a Mortgage Loan in any of the following ways:
What is the turn around time (TAT) for decisioning a Loan Against Property application?
  • Axis Bank will convey its decision within 15 working days from the date of receipt of the application provided the application is complete in all respects. The computation of 15 days shall starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank.
Why should I opt for a Loan Against Property instead of a Top-up Loan?

    A Loan Against Property (LAP) has many advantages over a Top-up Loan. They include:

  • A Higher Loan Amount: Typically, an LAP may offer a higher loan amount than a Top-up Loan.
  • Avail of Different Property: While an LAP can be availed of against a different residential or commercial property than the one for which the loan was originally taken, a Top-up Loan may only be taken against the property already in question. This flexibility allows you to both avail of a higher loan amount and spread your liability.
  • Longer tenure: An LAP can be availed for a long term than a Top-up Loan.A Loan Against Property (LAP) has many advantages over a Top-up Loan. They include:
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.
What is the minimum and maximum amount of Loan Against Property that I can get?

    At Axis Bank, you can get a Loan Against Property from Rs. 2 lakhs to Rs. 500 lakhs. Some of the factors we consider when deciding a loan amount are:

  • The property’s registration
  • The property’s market value
  • Your requirement and eligibility
  • Your income and repayment capacityAt Axis Bank, you can get a Loan Against Property from Rs. 2 lakhs to Rs. 500 lakhs. Some of the factors we consider when deciding a loan amount are:
Can I get an overdraft against my property?
  • Yes! An Axis Bank Loan Against Property can be availed of either as a Term Loan with an EMI repayment option or as a Drop-line Overdraft Facility.
I am an NRI. Can I get a Loan Against Property?
  • Yes! Axis Bank provides LAPs for salaried NRI customers.
What documents do I need to submit along with my application for an Axis Bank Loan Against Property?

    Along with your application you need to submit the following documents :

  • Proof of residence
  • Proof of identity
  • Certified/latest financial documents
  • Copies of all property documentsAlong with your application you need to submit the following documents :
Whom should I contact for the List of Documents I have submitted in support of my Axis Bank Loan Against Property?

    You may get the List of Documents in either of the following ways:

  • By calling any of Axis Bank toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577.
  • By using your registered email id to write to Axis Bank at: loans@axisbank.com
  • You may get the List of Documents in either of the following ways:

Do I need to pay a fee to avail a Loan Against Property?

    Yes, banks charge a non-refundable processing fee for every LAP application.

  • The processing charge to avail of an Axis Bank Loan Against Property is up to 1% of the loan amount plus service tax as applicable.Yes, banks charge a non-refundable processing fee for every LAP application.

Required Documentation For Salaried Persons

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents

Required Documentation For Self Employed/Professionals.

  • Filled Application form
  • Identity Proof
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents

Identity Proof For Mortgage Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification 

Age Proof For Mortgage Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Address Proof For Mortgage Loan

  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements) 

Income Proof For Mortgage Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Mortgage Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Mortgage Loan Can Be Used For Many Purposes Like Below

For Business Expansion

Accelerate the Business Growth

For Acquiring New Technology

For Construct a New Block

for setting up a new Factory

Setting up a new branch

To Pay off the other Loans

To Procure the More Stock

Things Keep In Mind
Interest Rates
Expert Advice
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