Terms & Conditions
Maximum repayment period is 20 years
Equitable Mortgage of the property to be financed, by way of deposit of title deeds
Customer can avail Property and Personal Accident insurance cover as per the guidelines and arrangements with the insurer/underwriter. This is optional.
A Processing Fee equivalent to 1% of the loan amount sanctioned (taxes as applicable) inclusive of a non-refundable login fee of Rs. 5,000/- (taxes as applicable).
Penalty for early closure:
Pre-payment charges - if any applicant is Non Individual - 3% will be charged if the amount exceeds 25% of the principle outstanding during a quarter, otherwise no penalty will be charged in case of all loans. In case of take-over/transfer of your loan from Axis Bank Limited by/to any other bank/housing finance company/financial institution, a prepayment penalty of 3% on the principal outstanding will be recovered.
Axis Bank reserves the right to reject any application without assigning reasons thereof
The applicant will undertake to inform the Bank as and when there is a change in address or employment
The Terms & Conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Axis Bank's discretion.