Axis Bank provides Overdraft Facility Against Property to help you unlock the potential of your property. Avail Overdraft Facility Against Property starting from Rs. 5 Lakhs up to Rs. 5 Crores, at attractive interest rates and pay interest only on the utilized limit. The interest rates on Overdraft Facility Against Property are listed below.
Interest Rates:
| 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.
