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Axis Bank SBG Vertical (Loan against Property+DOD Limit Turnover upto 30 Cr)
To fulfill your demands for your business or yourself, apply for an Axis Bank loan against property. You can discover your property's unknown value with loan-against-property options. Nowadays, you can use this multifunctional loan to meet any of your personal or professional needs. Furthermore, it will be easy to repay this debt over a 10-year term.Powered By
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Axis Bank SBG Vertical (Loan against Property+DOD Limit Turnover upto 30 Cr)
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Here are a few factors
| Location | 50 Km from Branch |
| CIBIL Score | 720+ |
| Applicant | Any Self Employed |
| Applicant Age | 21 Year to 65 Year |
| Loan Amount & Tenure | 20
Lac- 30 Cr ( 3 Year to 10 Year) |
| Login Fees | Nil |
| Rate of Interest & Type | 9%-12% (Reducing) |
| TAT | 15 days |
| Processing Fees | 0.50%-1.50% |
| Foreclosure Charges | 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-70% (iii) Industrial-70% (iv) Plot-60%
(v)Hospital-70% (vii) Hotel & Restaurent-70% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial or Industrial Purchase (iv) Lease Rental Discounting (v) DOD Product |
| Program | (i)
Banking Program-2 Cr (ii) Income Program-30 Cr (iii) GST Surrogate-1.5 Cr |
| FOIR | 100% of Cash Profit |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i) Politian (ii) NBFC (iii) Real Estate (iv) Share Traders (v) Bullion Traders |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property
(iv)Plot (v) Warehouse & Commercial Complex (vi) Hotel & Restaurant (vii) Without MAP Property if purchase before 13 year (viii) Hospital & Restaurant (ix) Sub-divided Property (x) Regularized Colony (xi) Khasra & Khatauni (xii) Gram Panchayat Property (xiii) Trust Property |
| Negative Property | (i)
Without MAP Property (ii) Lease hold Property without PTM (iii)Basement (iv)
Lal Dora Property (v) Legal & Technical not clear (vi) Gift Deed, Single Sale Deed, Subject to Sale Deed, GPA Property (vii) Farm House |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | No |
| Any Specific Product for Professionals | No |
| USP | (i) No Login Fees (ii) By Doing LAP & OD Funding can be done upto 200% of Property Value |
| Additional | (i)Turnover should be 30 lac-30 Cr (ii) CMR Rating should be less than 5 |
Required Documents to Apply for Axis Bank SBG Vertical (Loan Against Property+DOD Limit Turnover Upto 30 Cr)
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Any self-employed person can apply for these loans.
For LAP, Axis Bank offers a maximum term of up to 10 years.
A loan against property can be utilized for various high-value costs, like unanticipated medical bills, funding your kids' further education, or starting a business.
Your residential property may be pledged as security. In addition, you may offer any commercial property you own, like an office or store, as collateral. Check below the accepted properties for funding.
(i) Residential Property
(ii) Commercial Property
(iii) Industrial Property
(iv)Plot
(v) Warehouse & Commercial Complex
(vi) Hotel & Restaurant
(vii) Without MAP Property if purchase before 13 year
(viii) Hospital & Restaurant
(ix) Sub-divided Property
(x) Regularized Colony
(xi) Khasra & Khatauni
(xii) Gram Panchayat Property
(xiii) Trust Property
No, there is currently no Login fees.
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