Axis Bank loan against property eligibility: who can apply for the Axis Bank loan against property?
The Axis Bank loan against property eligibility covers three customer profiles, namely salaried employees in permanent service with the government or a reputed company, self-employed individuals who file income tax returns, and professionals from specific fields, such as doctors, engineers, dentists, architects and chartered accountants.
In all cases, the bank states that the applicant must be over 24 years old when the loan begins and no older than 65 when it matures, and must also own a residential or commercial property that can be offered as collateral, subject to credit assessment.
Requirements to get the Axis Bank loan against property
To meet the Axis Bank loan against property eligibility, check the main requirements and documents listed on the official page:
✔️ Be over 24 at the start and up to 65 at the end of the loan
✔️ Be a permanent salaried employee, a self-employed ITR filer or an eligible professional
✔️ Completed and signed application form, with a recent photograph
✔️ PAN card, mandatory for all financial applicants
✔️ Proof of identity, such as passport, Aadhaar or driving licence
✔️ Proof of address, such as Aadhaar, electricity bill or property tax receipt
✔️ Salaried, 3 months’ pay slips, 6 months’ bank statement and 2 years of Form 16
✔️ Self-employed, 2 years of ITR with CA-certified financials and 6 months’ statements
✔️ Self-employed, proof of 5 years of business continuity
✔️ Property documents, according to the type of transaction and bank policy
A tip for you!
Before applying, check whether you meet the Axis Bank loan against property eligibility and review your credit score, since a good score can help you secure more favourable terms, according to the bank itself.
Another recommendation from Axis Bank is to keep your debt-to-income ratio below 43% and to avoid opening new credit accounts during the application process, as new commitments can weigh on your financial profile and lower your chances of approval.
What are the charges on the Axis Bank loan against property?
For those who meet the Axis Bank loan against property eligibility, the bank states that the processing fee is 1% of the sanctioned amount plus applicable taxes, and it already includes a non-refundable login fee of ₹5,000.
Interest rates are floating and linked to the repo rate, ranging from 9.15% to 10.25% p.a. on term loans, while early repayment may attract a 3% charge in specific situations, such as transferring the loan to another institution.
How to apply for the Axis Bank loan against property?
After confirming the Axis Bank loan against property eligibility, visit the bank’s website, go to the loans section and select the loan against property option, where you will also find an EMI calculator to plan your instalments.
Next, fill in the form with accurate information and upload scanned documents for verification, and if your application is approved, you will receive a sanction letter before the amount is disbursed to your account.
To check the complete Axis Bank loan against property eligibility and start your application safely, click the button below and visit the bank’s official website.
