Axis Bank provides Loan Against Property where you can offer commercial or residential property as collateral to avail the funding. Make the most of our attractive interest rates and avail the Loan Against Property.
|Type of Loan
||Applicable Pricing For PSL cases
||Applicable pricing for Non-PSL cases
|LAP (Income Based, GTP, GPR)
||MCLR + 2.55%= 11.35% p.a.
||MCLR + 2.80% = 11.60% p.a.
|LAP (Surrogates - Banking, Repayment Based)
||MCLR + 2.80%= 11.60% p.a.
||MCLR + 3.05% = 11.85% p.a.
|LAP Overdraft Against Property Loans-Residential & Commercial
||MCLR + 3.55% = 12.35% p.a.
||MCLR + 3.65% = 12.45% p.a.
Marginal Cost Based Lending Rate - 8.80%
MCLR Reset frequency for Loan against property - Half Yearly
Base Rate - 9.50%
MRR - 14.25%
BPLR - 17.25%
Customers who have availed disbursement or received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.
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