Axis Bank allows you to take out
mortgage loans. Using home loans is the best way to monetize your property. The instant
loan granted by Axis Bank for real estate applies to both residential and commercial real estate. The loan bears interest at a competitive interest rate and allows refinancing by purchasing an existing
loan.
Features
The loan has attractive
interest rates.
Available for residential and commercial properties.
Loan for the purchase of a commercial building under the program
Acquisition of existing loans and refinancing option
Flexible mandate
Possible rental with discount
Offer loyalty points for the
loan
Minimum documentation
Free Doorstep service
The simple and uncomplicated application process
It can be requested online
Benefits
Here are the advantages of the Axis Bank instant
home loan.
Purchase of an existing loan: The instant
loan allows the purchase of an existing
loan if necessary with the refinancing option.
Loyalty points: Loyalty points are granted for loans according to the amount paid.
Eligibility criteria
The
loan is available to employees, professionals and the self-employed.
The minimum age is 24 years old.
The maximum age at maturity is 65 years.
Fees and charges
Processing fees: 1% plus service tax
Prepayment fee: 2%
The interest rate on owner-occupied housing loan - 11.75%
The interest rate for
loans to residential and commercial properties: 12.75%
