Get access to immediate cash for a business or personal need with the help of loan against property. This secured loan allows you to get immediate cash with interest rates that are far lower than a conventional personal loan. Loan against property is a secured loan as you need to pledge your property as a collateral to avail the benefits of the loan. Get funds by pledging your property against the loan without having to vacate the property. Unlike gold loans, you do not have to submit the security and not use it. As such when you mortgage the property, a fixed percentage of the current market value of the property (about 60-70%) is given to a borrower as a loan. Loan against property is favored over personal loans as the interest rate is much lower. Loan against property is highly favored as you get lower interest rates and faster loan disbursal, hence all banks and independent financial institutions offer it at attractive interest rates.
Overview Of Axis Bank Loan against Property
Axis bank is the third largest private sector bank in India. With headquarters in Mumbai, Axis name is a prominent bank that offers loan against property for both residential as well as commercial properties and can be availed by salaried, self employed professionals and self employed non professionals. You can get loan against property starting from Rs. 2 lakhs to Rs. 5 crores and also get flexible loan tenure. You also enjoy the benefits of balance transfer with additional refinance option to reap maximum benefits. Get attractive interest rates too that start from just 9.5% per annum.
Why Pick Axis Bank Loan against Property?
Axis bank loan against property has loads of benefits which is why more people choose this over others:
- Low Interest Rates– Get Axis bank loan against property at lowest interest rates that start at just 9.5% per annum.
- Faster Loan Processing– Axis bank allows faster loan processing than other banks so that you can get access to funds quicker and meet your financial needs without much delay.
- Quicker Loan Disbursal– Get the money disbursed into your bank account faster with quick loan disbursals from Axis Bank.
- Maximum Loan Amount– Get loan approved from Rs. 2 lakhs and upto Rs. 5 crores with Axis bank.
- Balance Transfer– Transfer your existing loan balance from another bank into Axis bank and get additional loan amount.
- Doorstep Service– Apply for loan against property from the comfort of your home or office with convenient doorstep service.
- Collateral are accepted for both residential as well as commercial properties.
- Hassle-free Documentation– Avail loans from Axis bank in the most hassle free manner with simple loan documentation process.
- Exciting Rewards for existing Axis customers– Get edge Loyalty Reward points on your transactions and redeem the points via recharge, bookings, in-store and online shopping.
Features of Axis Bank Loan against Property
- Loan Tenure– Get maximum loan tenure of 15 years.
- Available for salaried, self employed professionals and self employed non-professionals.
- Attractive Interest Rates– Get the benefit of competitive interest rates that start from just 9.5% per annum.
- Hassle-free Documentation– Get your loan approved from Axis bank in the most hassle-free manner with a transparent loan structure.
- You can initiate a balance transfer of your existing loan into Axis bank and also get an additional loan amount.
Eligibility and Documents Required
All salaried as well as self employed individuals and professionals are eligible to avail this loan.
- Age should be above 24 years at the time of taking a loan and maximum age limit should be before retirement age.
- Must be employed in a permanent government position or a reputed company.
- Other criteria as deemed by Axis bank.
The documents required are as follows:
- Duly filled up application form.
- Only Indian residents can avail this loan.
- Identity Proof.
- Income Proof.
- Address Proof.
- Other documents as per bank guidelines.
Axis Bank Loan against Property Interest Rates
Interest rates for Axis bank loan against property start from 9.5% per annum.
Axis Bank Loan against Property EMI Calculator
Calculate your loan EMI by using Letzbank’s EMI calculator: https://www.letzbank.com/emi-calculator. All you need to do is enter the amount of the total loan, duration of the loan as well as the rate of interest and Letzbank EMI calculator will determine the monthly EMI in just a matter of seconds.
Benefits of Applying Axis Bank Loan against Property on Letzbank.com
Letzbank is a financial website that offers a wide range of loans to choose from. Meet your financial needs at Letzbank and enjoy the following benefits:
- Easy loan comparison – Letzbank collates loan offerings from all the major banks and presents them at one page to you. This is a much hassle free method to make comparisons between loans and make a selection on which loan suits your needs.
- Free Services– There is no charge to apply for a loan via Letzbank website. In fact, we have made the loan application procedure easier and quicker by collaborating directly with the banks.
- Instant Quotes – Letzbank.com gets you instant access to car loan quotes from a bank of your choice within seconds.
- Online Form Application –Submit the car loan application from the comfort of your home at Letzbank.com website and let us handle the application process for you.