The Axis Bank Top-up Loan provides home loan customers with additional finance of upto Rs. 50 Lakhs to fulfil their short-term requirements. Find out about the Top-up Loan interest rates below.
Top Up Loan Rates
| Sr. no |
Type |
Loan Type |
Loan Amount (Rs.) |
Effective Rate Of Interest |
| 1 |
Floating Rate |
Top Up |
Upto 30% of original sanction amount of home loan |
Same rate as Home Loan |
| > 30% of original sanction amount of home loan |
LAP rate applicable |
MCLR – 8.80%
Base Rate - 9.50%
MRR - 14.25%
BPLR - 17.25%
|
Top-up Loan Charges
As a home loan customer, you can avail additional financing to tide over a short term crunch with our Top-Up Loan. The charges associated with the Top-Up Loan are nominal and completely transparent.
Processing Charges
| Scheme |
Loan Processing Charges |
Prepayment Charges for Floating Rate |
Prepayment Charges for Fixed Rate |
No Due Certificate |
Solvency Certificate |
Charges for Late Payment of EMI |
| Power Home |
Upto 1% of the loan amount subject to minimum of Rs 10,000 |
Nil |
2% of outstanding principal/amount prepaid |
NA |
NA |
Rs. 500 per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue instalment/s |
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
Other Charges
| Sr. No |
Type |
Charges |
| 1 |
Repayment Instruction/Instrument Return Charges |
Rs. 500 per instance |
| 2 |
Cheque/Instrument Swap Charges |
Rs. 500 per instance |
| 3 |
CERSAI Charges |
Rs. 500 |
| 4 |
Duplicate Statement issuance charges |
Rs. 250 per instance |
| 5 |
Duplicate Amortization schedule issuance charges |
Rs. 250 per instance |
| 6 |
Duplicate Interest Certificate (Provisional/Actual) issuance charges |
Rs. 250 per instance |
| 7 |
Issuance charges for Photocopy of title documents |
Rs. 250 per document set |
| 8 |
Charges on customer initiated requests for copies of documents |
Rs. 250 per document set |
| 9 |
Equitable mortgage creation charges |
As applicable in the state |
| 10 |
Credit Bureau report issuance charges |
Rs. 50 per instance |
| 11 |
Duplicate NOC Issuance Charges |
Rs 500 per instance + GST as applicable |
| 12 |
Loan Cover/ Insurance |
Property Insurance is a mandatory requirement to safeguard your home in case of damage caused by unforeseen circumstances, such as fire or other natural disasters.
|
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
Switching Cost
Switching from the floating rate scheme to the fixed rate scheme and vice versa is permissible. If a fixed rate customer wants to reschedule a loan to the present fixed interest rate applicable to the new customers, the same is also permissible. The existing customers can also switch over to the new rate of interest applicable for the new customer. For all of the above changes, a nominal switching fee is applicable.
| Charges for changing from fixed to floating rate of interest |
Charges for changing from floating to fixed rate of interest |
Charges for higher fixed rate to lower fixed rate |
Charges for higher floating rate to lower floating rate |
| 2% of the outstanding Loan amount |
1% on the outstanding principal with a minimum of Rs. 10,000 |
0.5% on outstanding principal with minimum Rs.10,000 |
0.5% on outstanding principal with a minimum of Rs.10,000 |
* Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
* For Partly Disbursed cases, charges would be calculated on total outstanding principal + undisbursed portion of sanctioned amount.
