Apply For an Axis Bank Loan Against Property

The emergence of fintech has revolutionized the finance industry, for example, online payments, passbook updates, etc. Similarly, it would help if you don't have to step out of the house to apply for a Loan Against the Property. Now, a neutral marketplace like loans4you facilitates the lenders meeting borrowers and provides an online platform for loan approval. So, let's understand axis bank Loan Against Property in detail.

Axis Bank Loan Against Property Emi Calculator

With the help of the Loan Against Property EMI calculator, it will be easy for you to calculate Monthly loan installments and to have the exact bifurcation of principal and interest you pay for the whole tenure. Loan Against Property EMI calculator takes principal amount, interest rate, and loan tenure as input and provides you the payable monthly EMI’s. Therefore, before choosing a particular loan, it is very important to have an understanding of these three parameters and how do they relate to the loan EMI.

AXIS Bank Loan Against Property

A Loan Against Property is the loan agreement between a borrower and a lender to help you get funds against your residential or commercial property. Since the Axis bank Loan Against Property interest rates is more bottommost than ever before, the bank offers unique multiple loan programs to its customers, depending upon your eligibility. Thus, you never lose a chance to explore the best product offering from axis bank and some of them are:

Program name Features Eligibility Loan amount Loan tenor
Loan Against Property Get a loan against residential as well as Commercial Property subjected to the applicant's financial capability Rs.5 Lakhs to Rs.5 Crores Max 20 Years
Lease Rental Discounting Get a loan against the rental receipt, Get Funded on your rented commercial property, subjected to the applicant's financial capability Rs.5 Lakhs to Rs.5 Crores Max 20 Years , subject to balance lease term
Overdraft Facility Against Property Get a loan against residential as well as Commercial Property subjected to the applicant's financial capability Rs.5 Lakhs to Rs.5 Crores Max 10 Years
Reverse Mortgage Loan Get a loan against residential as well as Commercial Property subjected to the applicant's financial capability Rs.5 Lakhs to Rs.5 Crores Max 20 Years
Top-up Loan Against Property Get a loan against residential as well as Commercial Property subjected to the applicant's financial capability Rs.5 Lakhs to Rs.5 Crores Max 20 Years

Compare Loan Against Property Transfer Interest Rates of All Major Banks

Bank Name Floating Interest Rates Per Lac Emi Get Into It
Axis Bank 6.90% - 8.40% Rs.769 - Rs.862 Apply Now
SBI Home Loan 6.70% - 6.75% Rs.757 - Rs.760 Apply Now
HDFC Home Loan 6.75% - 6.80% Rs.760 - Rs.763 Apply Now
ICICI Bank Home Loan 6.75% - 7.15% Rs.760 - Rs.784 Apply Now
PNB Housing Finance 7.35% - 9.05% Rs.796 - Rs.903 Apply Now
Bajaj Home Finance 6.80% Apply Now
IDFC First Bank 6.90% Rs.770 - Rs.769 Apply Now
Indiabulls 8.99% onwards Rs.880 - Rs.1029 Apply Now
Tata Capital Home Finance 9.25% onwards Rs.916 onwards Apply Now
Equitas 9.50% Apply Now
Standard Chartered 9.21% onwards Rs.913 onwards Apply Now

Loan Against Property eligibility & its criteria

Axis bank Loan Against Property eligibility is the pre-defined key element set up by the bank upon which the bank decides whether you're eligible to obtain & repay the loan or not. Also, the eligibility can differ depending upon the individual and the bank, but the key factors remain the same.

The axis bank Loan Against Property eligibility criteria include your age, income proof and other documents. Let's check one by the following:

a. Age :
The applicant's minimum age must be 21 years while obtaining the loan.
Maximum age:
• Salaried: until 60 years or superannuation or least at the time of Loan Against Property maturity.
• Self-employed: up to 65 years of age or least at the time of Loan Against Property maturity.
• Professional: up to 65 years or least at Loan Against Property maturity.

b. Income proof:
The Loan Against Property borrowing limit is a minimum of Rs. Three lacs and the applicant's present & future must show that he can repay the loan, and that includes:

For Salaried:
• Quarter or three months paycheque
• Six months cheque or two years bonus proof (fluctuating pay)
• Semi-yearly bank statement showing salary credits
• Employment continuity proof

For Self-employed:
• Two years ITR, Income statement, P&L account, verified balance sheet with authorized CA seal and sign.
• Semi-yearly personal and business accounts bank statements.
• Income continuity proof (3 years for a Loan Against Property or five years for LAP)
• Tax audit report
• If ITR is filed without CA's digital signature, CPC and delinquent tax paid challan are required.
• In exceptional cases (Asha Loan Against Property) - one-year ITR, income statement, P&L account, verified balance sheet with authorized CA seal and sign.

Note: any of the above proofs are acceptable.

Axis bank Loan Against Property eligibility calculator

For online calculating your Axis bank Loan Against Property eligibility, visit the loans4you.in and use the tool Axis bank Loan against Property calculator at your convenience. The tool provided by our website loans4you.in will serve you with the loan amount and the EMI after evaluating your age, loan tenure, ROI, net adjusted monthly income and other EMIs.