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Avail Loan Against Property from Axis Bank when you require funds to meet crucial expenses such as education, marriage and healthcare. The fees and charges levied by Axis Bank for Loan Against Property are completely transparent and upfront. Read in detail about the fees and charges for Loan Against Property, below.
| Scheme | Asset Power (Loan Against Property) | Lease Rental Discounting | |
|---|---|---|---|
| Loan Processing Charges |
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrawal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement. |
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrawal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement. |
|
| Pre- Prepayment/Foreclosure Charges | If any of the borrower is a non individual - 3% will be charged, if the amount pre-paid exceeds 25% of the principal outstanding during a quarter, otherwise no prepayment penalty. The quarter refers to calendar quarter. However no prepayment will be allowed in the first quarter after taking the loan. If all borrowers are individuals - Nil | If any of the borrower is a non individual - 3% will be charged, if the amount pre-paid exceeds 25% of the principal outstanding during a quarter, otherwise no prepayment penalty. The quarter refers to calendar quarter. However no prepayment will be allowed in the first quarter after taking the loan. If all borrowers are individuals - Nil | |
| No Due Certificate | NA | NA | |
| Duplicate No Dues Certificate/NOC | Rs. 500/- per instance | Rs. 500/- per instance | |
| Solvency Certificate | NA | NA | |
| Penal Interest | Penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s | Penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s | |
| Stamp Duty & other statutory charges | As per applicable laws of the state | As per applicable laws of the state | |
| Cheque Bounce Charges | Rs. 500 per instance | Rs. 500 per instance | |
| Cheque swapping charges | Rs. 500 per instance | Rs. 500 per instance | |
| Duplicate statement issuance charges | Rs. 250 per instance | Rs. 250 per instance | |
| Issuance Charges for Photocopy of Title Deeds | Rs. 250 per document set | Rs. 250 per document set | |
| Credit Report Issuance Charges | Rs. 50 | Rs. 50 | |
| Switching Fees (Higher Floating Rate to Lower Floating Rate) | 0.5% on outstanding principal with minimum of Rs. 10,000. The lower rate will be equal to the applicable carded interest rate only | ||
*Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
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