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Here are a few factors
Location | 50Km from Branch |
CIBIL Score | 680+ |
Applicant | Any Salaried & Self Employed |
Applicant Age | (i)
Salaried: 21 year to 65 Year (ii) Self Employed: 21 Year to 70 Year |
Loan Amount & Tenure | 50
Lac-50 Cr (5 Year to 15 Year) |
Login Fees | 5900 |
Rate of Interest & Type | 8.60%-11% (Reducing) |
TAT | 7 days |
Processing Fees | 0.5%-1% |
Foreclosure Charges | (i) If MSME Registration-Nil (ii) Other-Upto 4% |
Insurance | As per Age |
Minimum Business Vintage | 3 Year |
Lock In Period | 12 Month |
Part Payment Allowed | No |
LTV | (i) Residential-70% (ii) Commercial-60% (iii) Industrial-50% |
Product | (i)
Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase (iv)
Lease Rental Discounting (v)DOD Product |
Program | (i)
Banking Program-7.5 Cr (ii) GST Product-7.5 Cr (iii) Income Program-10 CR (iv) Lease Rental Discounting-10 Cr (v) DOD Product-10 Cr (vi) Low LTV Product-2 Cr (vii) RTR Product-2 Cr( 18Month Track-1.10X) |
FOIR | (i) Salaried:<50k-60%,50K-1 Lac-65%, >1 lac-70% (ii) Self Employed-100% of Cash Profit |
Cautious Profile | No Cautious Profile |
Negative Profile | (i)
Politian (ii) Share Traders (iii) NBFC (iv) Police(v) Liquor Seller (vi)DSA
(vii) Applicant living in dominated area (viii) Real Estate |
Funded Property | (i) Residential Property (ii) Commercial Property (iii) Industrial Property (iv) Mall & Commercial Complex Property |
Negative Property | (i) Hotel & Restaurant (ii) Hospital & Nursing Home (iii) School (iv) Plot (v) Lease hold Property without PTM (vi)Stand Alone Basement (vii) Auction Property (viii) Demolition List Property (ix) Lal Dora Property (x) PG Property (xi) Khasra & Khatauni Property (xii) Subject to Sale Deed Property (xiii) GPA Property (xiv) Gift Deed Property (xv) Single Sale Deed Property (xvi)Without MAP Property (xvii) Unapproved Freehold Property (xviii) Legal & technical not clear(xix) Stone Slab Property (xx) Unapproved Farm House (xxi) Multi Tenanted Unit |
Accepted Collateral | Other than Negative Property |
Specific Property wise Funding Limit | No |
Any Specific Product for Professionals | No |
USP | Loan without Financial upto 5 Cr |
Axis Bank Asha Loan Against Property.
FREQUENTLY ASKED QUESTIONS
What is the Axis Bank Asha Loan Against Property?
Axis Bank Asha Loan Against Property allows you to take a loan by pledging your residential, commercial, or industrial property. The loan amount can range from ₹50 lakh to ₹50 crore, with attractive interest rates and a simple application process.
What is the interest rate for Axis Bank Asha Loan Against Property?
The interest rate for the Axis Bank Asha Loan Against Property ranges from 8.60% to 11% on a reducing balance basis.
What is the maximum loan amount available under Axis Bank Asha Loan Against Property?
The loan amount under this scheme can range from ₹50 lakh to ₹50 crore, depending on the applicant's eligibility and the value of the property.
What is the tenure for Axis Bank Asha Loan Against Property?
The loan tenure can vary from 5 years to 15 years, depending on the applicant's profile and loan amount.
What are the eligibility criteria for Axis Bank Asha Loan Against Property?
- Salaried: 21 to 65 years.
- Self-employed: 21 to 70 years.