Terms & Conditions
Repayment:
Maximum repayment period is 20 years
Security:
Equitable Mortgage of the property to be financed, by way of deposit of title deeds
Insurance:
Customer can avail Property and Personal Accident insurance cover as per the guidelines and arrangements with the insurer/underwriter. This is optional.
Processing Fee:
A Processing Fee equivalent to 1% of the loan amount sanctioned (taxes as applicable) inclusive of a non-refundable login fee of Rs. 5,000/- (taxes as applicable).
Penalty for early closure:
Pre-payment charges - if any applicant is Non Individual - 3% will be charged if the amount exceeds 25% of the principle outstanding during a quarter, otherwise no penalty will be charged in case of all loans. In case of take-over/transfer of your loan from Axis Bank Limited by/to any other bank/housing finance company/financial institution, a prepayment penalty of 3% on the principal outstanding will be recovered.
Other Conditions:
Axis Bank reserves the right to reject any application without assigning reasons thereof
The applicant will undertake to inform the Bank as and when there is a change in address or employment
The Terms & Conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Axis Bank's discretion.
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