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.
| Category | Highlights |
|---|---|
| Loan Amount | ₹5 lakh – ₹5 crore |
| Interest Rates | 10.50% p.a. – 10.95% p.a. |
| Loan Tenure | 20 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
| Category | Rate 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
| Category | Rate 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:
| Lenders | Interest Rates (p.a.) |
|---|---|
| Axis Bank | 10.50% – 10.95% |
| Bank of Baroda | 9.70% – 18.60% |
| Bank of India | 10.10% onwards |
| Bank of Maharashtra | 10.45% – 11.95% |
| Central Bank of India | 9.75% – 13.00% |
| Federal Bank | 12.60% onwards |
| Godrej Housing Finance | 9.75% onwards |
| HDFC Bank Limited | 9.50% – 11.00% (floating) |
| ICICI Bank | 10.85% – 12.50% |
| IDFC First Bank | 9.25% onwards |
| Karur Vysya Bank | 10.20% – 13.40% |
| L&T Finance | 9.50% onwards |
| LIC Housing Finance | 9.50% – 11.55% |
| PNB Housing Finance | 9.24% – 15.00% |
| Punjab National Bank | 10.40% – 12.75% |
| SMFG India Credit Company Ltd. | 13.00% onwards |
| State Bank of India | 10.00% – 11.30% |
| Tata Capital Housing Finance | 9.00% onwards |
| UCO Bank | 10.85% – 12.00% |
| Union Bank of India | 10.45% – 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.
| Condition | Details |
|---|---|
| Loan Due and Payable | When the last surviving borrower dies, sells the home, or permanently moves out. |
| Settlement Method | Met by proceeds from the sale of the residential property. |
| Alternative Option | Borrowers 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
| Aspect | Salaried | Self-Employed | Professionals |
|---|---|---|---|
| Age | 24 years | 24 – 65 years | 24 – 65 years |
| Work History | Government sectors or reputed companies. | Business owners or entrepreneurs | Doctors/ Lawyers/ Chartered Accountants/ Management Consultants |
| Work Experience | Stable employment history | Consistent income through tax returns. | Consistent income |
Lease Rental Discounting
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| 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
| Category | Documents Required |
|---|---|
| Application Form | Completed Loan Application Form 3 Passport Sized Photographs |
| Proof of Identity | Passport/ Aadhaar Card/ Driving License/ Voter ID/ GOI Issued Photo ID/ Govt. Employee ID |
| Proof of Address | Aadhaar 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 Birth | Passport/ PAN Card/ Aadhaar Card/ Driving License/ Birth Certificate/ SSC Marksheet |
| Proof of Signature | Passport/ PAN Card/ Banker’s Verification/ Notarized Affidavit with ID and Address proof |
Income Proof Documents
| Salaried | Self-Employed | NRI |
|---|---|---|
| 6 months’ bank statements (personal and business) | 2 years ITR | 3 months pay-slip |
| Pay slips for the last 3 months | 6 months pay slips/2 years bonus proof (if variable pay) | Appointment/contract letter |
| Salary account bank statement for the last 6 months | Tax 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 years | 6 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 |
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 Firm | Applicants Who Are Directors of a Company |
|---|---|
| Partnership Deed, List of Partners, NOC as per Axis Bank format | For 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 financials | Tax 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 |
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 |
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.
| Fees | Amount |
|---|---|
| Processing Fees | 1% 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) |
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 Category | Fees |
|---|---|
| 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 Loan | NIL |
| Equitable Mortgage Creation Charges | As 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 Loan | 2% 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 Charges | 8% p.a. above the applicable interest rate on the overdue amount |
| CERSAI Charges | Loan 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 Conversion | Charges |
|---|---|
| Up to 10 Lacs | INR 1,000/- |
| 10.01 Lacs to 30 Lacs | INR 2,000/- |
| 30.01 Lacs to 75 Lacs | INR 3,000/- |
| Above 75 Lacs | INR 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
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.
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.
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.
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.
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.
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.
You can avail of a Loan Against Property for self-occupied residential or commercial properties.
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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