Axis Bank Loan Against Property

Axis Bank Loan Against Property - Interest Rates
LAP Residential	13%
LAP Commercial	13%
3rd Party LAP - Residential	14%
3rd Party LAP - Commercial	14%
Gross Receipts - Residential	13.25%
Gross Receipts - Commercial	13.25%
LAP Surrogate Scheme	14%
Lease Rental Discounting (for rated lessee)	12.75%
Lease Rental Discounting (for un-rated lessee)	13.25%
Overdraft Against Property (Residential)	14%
Overdraft Against Property (Commercial)	14%
Reverse Mortgage Loan	11.75%

Other Information
Processing Fee	1% of the loan amount + service tax
Base Rate	10%
Maximum Tenor
Part Payment Charges	2% will be charged if the amount exceeds 25% of the principle outstanding during a quarter, otherwise No penalty.
Full Closer Charges	2% will be charged if the amount exceeds 25% of the principle outstanding

Other Charges
No Due Certificate	NA
Solvency Certificate	NA
Charges for Late Payment of EMI	Penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s
Stamp Duty & other statutory charges	As per applicable laws of the state
Cheque Bounce Charges	Rs 500/- per instancee
Cheque swapping charges	Rs. 500/- plus service tax as applicable
Duplicate statement issuance charges	Rs. 250/- per instance
Issuance charges for photocopy of title deeds	Rs 250/- per document set
Credit Report Issuance Charges	Rs. 50