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Home > Home Loan > AXIS Home Loan > Loan Against Property > Axis Bank Loan Against Property | Interest Rates and Eligibility Criteria – Updated 2025

Axis Bank Loan Against Property | Interest Rates and Eligibility Criteria – Updated 2025

April 7, 2025
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Axis Bank offers loans against Property at a competitive interest rate @10.50% p.a. onwards. Leverage up to 65% of your property’s value and enjoy up to 20 years of easy repayment.


Axis Bank Loan Against Property Highlights

Axis Bank offers loans against property (LAP) for salaried individuals, self-employed business owners, and businesses, with loan amounts ranging from ₹5 lakh to ₹5 crore.

CategoryHighlights
Loan Amount₹5 lakh – ₹5 crore
Interest Rates10.50% p.a. – 10.95% p.a.
Loan Tenure20 years

This loan can be secured against residential, commercial, and industrial properties. The maximum loan amount can go up to ₹20 crores depending on eligibility and property valuation.

Key Features:

  • Loan Amount: Ranging from ₹5 lakh up to ₹5 crore. In some cases, the loan amount can go up to ₹20 crores based on eligibility. The minimum loan amount against a shop is ₹15 Lakhs.
  • Interest Rates: Competitive interest rates starting at 10.50% p.a.
  • Loan Tenure: Repayment periods of up to 20 years. For NRIs, the maximum repayment period is 15 years.
  • Collateral: Residential or commercial property.
  • Processing Fee: Up to 1% of the loan amount or ₹10,000, whichever is higher, plus applicable GST. This includes a non-refundable login fee of ₹5,000 plus GST.
  • Balance Transfer: Option to transfer an existing LAP from another lender to Axis Bank for better terms.
  • Repayment Options: Flexible options such as part prepayment and balance transfer.
  • Doorstep Service: Axis Bank provides doorstep service for loan applications and disbursals.

Types of Axis Bank Loan Against Property:

  • Loan Against Property (LAP): A standard loan secured by pledging residential or commercial property as collateral.
  • Lease Rental Discounting: A term loan against rental receipts from leased contracts with corporate tenants, suitable for property owners with stable rental income.
  • Overdraft Facility Against Property: This provides a flexible facility allowing borrowers to access funds up to a sanctioned limit based on the property’s value, which helps in managing cash flow.

Eligibility Criteria:

  • Age: 24-65 years.
  • Employment: Permanent employees of Government/reputed companies.
  • Income: Individuals filing Income Tax returns.
  • Profession: Doctors, engineers, lawyers, CA, CS, dentists, architects, management consultants, and cost accountants are eligible.

Benefits of Loan Against Property:

  • Lower interest rates compared to unsecured loans due to the collateral.
  • Longer repayment tenures result in lower monthly installments.
  • Continued ownership of the property as long as repayments are made on time.

Important points to note:

  • Axis Bank may reject any application without assigning a reason.
  • The terms and conditions of the loan are subject to change at Axis Bank’s discretion.
  • Prepayment charges may apply if the amount exceeds 25% of the principal outstanding during a quarter for non-individual applicants. A prepayment penalty of 3% on the principal outstanding will be recovered in case of a transfer of the loan to another bank/housing finance company/financial institution.

Source of Information: Apply for Loan Against Property Online – Axis Bank

Axis Bank Loan Against Property Interest Rates 2025

Axis Bank sets loans against Property interest rates to remain competitive while accommodating a broad range of borrower profiles. The bank periodically reviews these rates to ensure affordability and alignment with market conditions.

Term Loans

CategoryRate of Interest
Floating Rate (PSL Category)10.50% p.a. – 10.90% p.a.
Floating Rate (Non-PSL Category)10.50% p.a. – 10.95% p.a.

Overdraft Loans

CategoryRate of Interest
Floating Rate (PSL Category)10.50% p.a. – 10.90% p.a.
Floating Rate (Non-PSL Category)10.50% p.a. – 10.95% p.a.

Comparing Loan Against Property Interest Rates by Top Indian Banks and HFCs

Here is a table summarizing the Loan Against Property (LAP) interest rates and key details from various Indian banks and Housing Finance Companies (HFCs), as of February 2025:

LendersInterest Rates (p.a.)
Axis Bank10.50% – 10.95%
Bank of Baroda9.70% – 18.60%
Bank of India10.10% onwards
Bank of Maharashtra10.45% – 11.95%
Central Bank of India9.75% – 13.00%
Federal Bank12.60% onwards
Godrej Housing Finance9.75% onwards
HDFC Bank Limited9.50% – 11.00% (floating)
ICICI Bank10.85% – 12.50%
IDFC First Bank9.25% onwards
Karur Vysya Bank10.20% – 13.40%
L&T Finance9.50% onwards
LIC Housing Finance9.50% – 11.55%
PNB Housing Finance9.24% – 15.00%
Punjab National Bank10.40% – 12.75%
SMFG India Credit Company Ltd.13.00% onwards
State Bank of India10.00% – 11.30%
Tata Capital Housing Finance9.00% onwards
UCO Bank10.85% – 12.00%
Union Bank of India10.45% – 13.10%

Key considerations regarding loans against property:

  • Purpose: Generally used for significant expenses like house renovations, business expansions, or investments.
  • Loan Amount: A borrower may get a loan of up to 70% of the property’s worth.
  • Repayment: If loan repayments are not made, the lending institution has the right to sell the property to recover the outstanding loan amount.
  • Credit Score: Lenders will use the applicant’s credit score to determine the repayment behavior of the applicant and may charge a higher interest rate on a LAP or even reject the application if there is a poor credit score.
  • Other Factors: The interest rates applied on your loan also depend on the borrowed amount, tenure, and the property’s appraised value.

Types of Axis Bank Loan Against Property

Axis Bank offers a variety of Loan Against Property (LAP) products tailored to meet the diverse financial needs of its customers. Below are the primary types of LAP provided by Axis Bank:

Loan Against Property (LAP)

Loan Against Property is a standard loan that allows individuals to secure funds by pledging their residential or commercial property as collateral. Key features include:

  • Eligibility: Available for both residential and commercial properties.
  • Balance Transfer Option: Enables borrowers to transfer their existing LAP from another lender to Axis Bank for better terms.
  • Additional Features: Provides lease rental discounting and overdraft facilities.

Lease Rental Discounting

Leased Rental Discounting is a term loan offered against rental receipts from leased contracts with corporate tenants. This product is ideal for individuals, firms, and companies whose primary income comes from rentals.

  • Tenure: Linked to the remaining lease term of the property.
  • Eligibility: Suitable for property owners with stable rental income.
  • Balance Transfer: Option to transfer an existing LRD loan for better rates and terms.

Overdraft Facility Against Property

Overdraft Facility Against Property flexible facility allows borrowers to access funds up to a sanctioned limit based on the property’s value, offering better cash flow management.

  • Credit Limit: Determined by the assessed value of the pledged property.
  • Repayment: Managed through account inflows.
  • Dropline overdraft to address varying financial needs of self-employed individuals.
  • No renewal of the credit limit required.
  • Interest charged only on the utilized amount and duration.
  • Interest Rate Options: Both fixed and floating rates are available.

Reverse Mortgage

Specifically designed for senior citizens, a reverse mortgage enables homeowners to convert their property equity into a steady income stream without selling their home.

  • Eligibility: Open to senior citizens who wish to retain ownership and continue living in their property.
  • Disbursement Options: Funds can be received monthly, quarterly, half-yearly, or as a lump sum.
ConditionDetails
Loan Due and PayableWhen the last surviving borrower dies, sells the home, or permanently moves out.
Settlement MethodMet by proceeds from the sale of the residential property.
Alternative OptionBorrowers or heirs can settle the loan with accumulated interest without selling the property.

Axis Bank Loan Against Property Eligibility Criteria

Securing a Loan Against Property from Axis Bank requires meeting specific eligibility criteria designed to assess the borrower’s financial stability and repayment capacity.

Loan Against Property/ Overdraft Facility Against Property

AspectSalariedSelf-Employed Professionals
Age24 years24 – 65 years24 – 65 years
Work HistoryGovernment sectors or reputed companies.Business owners or entrepreneursDoctors/ Lawyers/ Chartered Accountants/ Management Consultants
Work ExperienceStable employment history
Consistent income through tax returns.

Consistent income

Lease Rental Discounting

extracted information from the image, formatted into a 4-row table:

Requirements
All Indian resident individuals can apply.
Funding is available only against ready commercial property.
The lessee must be a company as defined under the Companies Act, 1956.
Restricted to 85% of the net present value of future rentals or 50% of the property value, whichever is lower.
Ideal for individuals leveraging rental income from leased properties.

Reverse Mortgage

Requirements
All senior citizens – 60 years and above
The borrower shall maintain the home as their permanent primary residence.
The borrower shall regularly pay the property taxes and insurance.
The home is maintained to preserve its value.
The residential property must be free from any encumbrances.

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Documents Required for Axis Bank Loan Against Property

Submitting a Loan Against Property application with Axis Bank necessitates the provision of specific documents to verify the borrower’s identity, property details, and financial standing. Here’s a list of documents required:

General Documents

CategoryDocuments Required
Application FormCompleted Loan Application Form
3 Passport Sized Photographs
Proof of IdentityPassport/ Aadhaar Card/ Driving License/ Voter ID/ GOI Issued Photo ID/ Govt. Employee ID
Proof of AddressAadhaar Card/ Driving License/ Voter ID/ GOI Issued Photo ID/ Govt. Employee ID/ Electricity Bill/ Gas Bill/ Telephone (Landline) Bill/ Property Tax Receipt
Proof of Date of BirthPassport/ PAN Card/ Aadhaar Card/ Driving License/ Birth Certificate/ SSC Marksheet
Proof of SignaturePassport/ PAN Card/ Banker’s Verification/ Notarized Affidavit with ID and Address proof
This is an indicative list. Additional documents may be asked from case to case basis.

Income Proof Documents

SalariedSelf-EmployedNRI
6 months’ bank statements (personal and business)2 years ITR3 months pay-slip
Pay slips for the last 3 months6 months pay slips/2 years bonus proof (if variable pay)Appointment/contract letter
Salary account bank statement for the last 6 monthsTax audit report (if turnover exceeds ₹1 Cr or receipts exceed ₹25 Lakh)Continuous Discharge Certificate (for shipping cases)
Form 16/Employment continuity proof for the last 2 years6 months bank statements (personal and business)6 months domestic NRE/NRO account statement
CPC and tax paid challan (if ITR filed without digital sign)6 months international salary account statement
Business continuity proof (3 years for HL, 5 years for LAP)Overseas credit report
Computation of Income, P&L, Balance Sheet Valid visa copy/OCI card
Passport copy
POA details
This is an indicative list. Additional documents may be asked from case to case basis.

Property Documents

Property Documents
Permission for construction (where applicable)
Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
Occupancy Certificate (in case of ready to move property)
Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Applicants Who Are Partners/ Directors

Applicants Who Are Partners in a FirmApplicants Who Are Directors of a Company
Partnership Deed, List of Partners, NOC as per Axis Bank formatFor the company – 2 years ITR, Computation of Income, P&L, Balance Sheet with CA seal and sign
Partnership firm’s audited ITR along with complete financialsTax Audit Report (if gross turnover exceeds ₹1 Cr or gross receipts exceed ₹25 Lakh)
Partnership authority letter on letterhead of the Firm signed by all partners (if the Firm is to stand as guarantor)Board Resolution (if the company is the applicant) as per Axis Bank format
Certificate of Incorporation, MOA, and AOA
DIN of all Directors
Board Resolution (as per Axis Bank format)
Latest Shareholding Pattern duly signed by the Company Secretary/List of Directors
This is an indicative list. Additional documents may be asked from case to case basis.

Balance Transfer Documents

Balance Transfer
Home Loan Account Statement for the Last 12 Months with Latest Outstanding Letter
Existing Home Loan Details
Bank Statement from where EMI was Deducted for the Last 6 Months
This is an indicative list. Additional documents may be asked from case to case basis.

Axis Bank Loan Against Property Processing Fees

Applying for a Loan Against Property with Axis Bank involves certain processing fees that borrowers should be aware of. These fees cover the administrative costs associated with evaluating and managing the loan application.

FeesAmount
Processing Fees1% of the loan amount + GST
(Minimum ₹10,000)
Upfront Processing Fees₹5,000
(collected at the time of application, balance fee will be collected at the time of disbursement)
Processing Fees is Non – Refundable

Suggested Read: How to Reduce Processing Fees?

Axis Bank Home Loan Other Fees and Charges

Axis Bank applies various fees and charges on its LAP. Besides processing fees, borrowers may also have to pay administrative costs, legal fees, and prepayment charges.

Charges CategoryFees
Repayment Instruction / Instrument Return₹339 /- per instance
Admin Charges₹0
Duplicate Statement Issuance Charges₹250 /- per instance
Issuance Charges for Photocopy of Title Documents₹500 /- per document set
Charges of Customer-Initiated Requests for Copies of Documents₹500 /- per document set
Prepayment Charges for Floating Rate LoanNIL
Equitable Mortgage Creation ChargesAs applicable in the state
Issuance Charges of Credit Report₹50 /- per instance
Cheque / Instrument Swap Charges₹500 /- per instance
Duplicate Amortization Schedule Issuance Charges₹250 /- per instance
Duplicate Interest Certificate Issuance Charges₹50 /- per instance
Prepayment Charges for Fixed Rate Loan2% of outstanding principal / amount prepaid
Duplicate No Dues Certificate / NOC₹50 /- per instance
CERSAI Charges (Loans up to 5 lakhs)₹50
CERSAI Charges (Loans above 5 lakhs)₹100
Penal Charges8% p.a. above the applicable interest rate on the overdue amount
CERSAI ChargesLoan up to ₹5 Lakh: ₹50Loan Above ₹5 Lakh: ₹100

Switching from a Higher Floating Rate to a Lower Floating Rate

Principal Outstanding at the Time of ROI ConversionCharges
Up to 10 LacsINR 1,000/-
10.01 Lacs to 30 LacsINR 2,000/-
30.01 Lacs to 75 LacsINR 3,000/-
Above 75 LacsINR 5,000/-

Conclusion

Axis Bank’s Loan Against Property presents a viable solution for individuals looking to tap into their real estate assets without losing ownership. At Credit Dharma, we make this possible by offering lowest guaranteed Loan Against Property interest rates that keep your monthly payments manageable, allowing you to enjoy more of what truly matters.

But that is not it. We offer:

  • Guaranteed up to 100% funding
  • Receive lifetime assistance and expert guidance long after your loan is approved.
  • Enjoy a fully digital process with minimal paperwork 
  • Get your loan approved within just 1-2 weeks.

Frequently Asked Questions

How much can I borrow with a loan against the property?


Generally, you can borrow between 50% to 75% of your property’s market value. The exact amount depends on factors like your income, credit score, property type, and the lender’s policies. Moreover, Some lenders may offer up to 80% for high-value properties or borrowers with excellent credit.

What types of properties are accepted as collateral?


Most lenders typically accept residential properties like houses, apartments, and plots. Additionally, some also accept commercial properties such as office spaces or shops. However, the property should have a clear title and be free from legal disputes. Conversely, agricultural land is usually not accepted.

What is the interest rate for Axis Bank’s Loan Against Property?


The interest rates are floating and linked to the RBI Repo Rate. As of now, the effective rates start from around 10.50% per annum. The final rate depends on factors like loan amount, tenure, property type, and the applicant’s financial profile.

How long is the repayment tenure for the Loan Against Property?


The repayment tenure for Axis Bank’s Loan Against Property can extend up to 20 years. This long tenure allows borrowers to choose comfortable EMI options that suit their financial planning, reducing the monthly repayment burden.

Can I transfer my existing Loan Against Property from another bank to Axis Bank?


Yes, Axis Bank offers a balance transfer facility for existing loans. You can transfer your current Loan Against Property from another bank to Axis Bank to benefit from competitive interest rates and better terms. Additional funds can also be availed during the transfer process.

What is the minimum and maximum amount of Loan Against Property that I can get?


Axis Bank offers Loan Against Property starting from ₹5 lakhs up to ₹500 lakhs. The exact loan amount depends on factors such as the property’s registration, market value, financial requirements, eligibility, income, and repayment capacity.

What types of properties are eligible for a Loan Against Property?


You can avail of a Loan Against Property for self-occupied residential or commercial properties.

Is an overdraft facility available against my property?


Yes, Axis Bank offers an overdraft facility against property, allowing you to access funds as needed up to a certain limit. This facility is designed to meet the fluctuating requirements of self-employed individuals, professionals, and businessmen.

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