Axis Bank Ltd has decreased its loan against securities interest rates by 0.10%, or 10 basis points with effect from Monday, January 02, 2017. This interest rate cut will reduce the cost for those people who want to avail loan against mortgage of their securities.
Axis Bank Limited – Current Interest Rates for Loan Against Mortgage of Securities
New Delhi (Delhi, India), February 18, 2018
Axis Bank Limited Cuts Loan Against Securities Interest Rate to 10.50% Per Annum
The Axis Bank Limited has decreased its loan against securities interest rates by 0.10 percent, or 10 basis points with effect from Monday, January 02, 2017.
Axis Bank Limited has revised its minimum loan against securities interest rate from 10.60 percent to 10.50 percent per annum for the loan against mortgage of securities.
Axis Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail loan against mortgage of their securities.
Axis Bank Limited – Current Loan Against Mortgage of Securities Interest Rates
Axis Bank Loan Against Mortgage of Securities Interest Rate: 10.50% to 12.50% Per Annum
Axis Bank Loan Against Mortgage of Equity Shares Interest Rate: 11.50% to 12.50% Per Annum
Axis Bank Loan Against Mortgage of Securities Rate of Interest is Floating or Fixed: Fixed Rate of Interest
Quantum of Axis Bank Loan Against Mortgage of Securities: Up to 85% of the Value of the Securities
Axis Bank Loan Against Mortgage of Securities Minimum Borrowing Limit: Minimum Loan Amount is Rs. 1,00,000
Axis Bank Loan Against Mortgage of Securities Maximum Borrowing Limit: Maximum Loan Amount is Rs. 20,00,000
Axis Bank Loan Against Mortgage of Securities Processing Fee and Documentation Charges: 0.15% of the Loan Amount (Minimum Rs. 1,000 plus GST)
Maximum Tenure for the Axis Bank Loan Against Mortgage of Securities: Maximum Loan Tenure is 12 Months (This is reviewed and renewed annually)
Axis Bank Loan Against Mortgage of Securities Pre Closure Charges or Prepayment Penalty: Nil Charges or Penalty
Minimum Age Limit for Getting the Axis Bank Loan Against Mortgage of Securities Sanctioned: Minimum Age 18 Years at the Time of Loan Commencement
Charges for Axis Bank Loan Against Mortgage of Securities Ovedue: Minimum 2% Per Month of the Axis Bank Loan Against Mortgage of Securities Outstanding Amount
Security Requirement for the Axis Bank Loan Against Mortgage of Securities: Pledge of Adequate Value of Securities and Equity Shares in Dematerialised Form from the Approved Scrips List
Guarantor Requirement for the Axis Bank Loan Against Mortgage of Securities: No Guarantor is Required
Axis Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Axis Bank Limited