The Bank deals both in retail as well as corporate banking and its quest for excellence is backed by its espousal of the best industrial practices worldwide. Axis bank strives to become the most favoured fiscal solvent supplier surpassing all its competitors in customer satisfaction via brainstorming, empowerment of employees and technological dexterity.
The different kinds of loans offered by Axis bank are:
Axis Bank Home LoanLow-cost and customized home loan solutions are given by Axis bank to assist their customers buy the house they intend to turn into a home.
Features of Axis Bank Home Loan are:
- The bank offers attractive housing finance interest rates, transparency in loan processing and swift servicing of loans.
- The customer is given the option of deciding between opting for fixed or floating interest rates according to his/her whims.
- Clientele can get their loan transferred to Axis bank from another financial institution in case they’re dissatisfied.
- The customer can get the loan sanctioned from the comfort of his/her residence.
- Exemption from prepayment charges and processing fees is kept to the minimal.
The documentation required for getting a home loan from Axis bank is:
- Identity Proof
- Form 16 and current salary corroboration
- Proof of current residential address or current house rent accord.
- Financial statement showing the transfer of the income of the previous half year.
|Serial No.||Type||Loan amount (Rs.)||Base Rate + Mark Up||Effective Rate Of Interest|
|1||Floating Rate||Less than 25 lakhs||Base Rate + 0.75%||10.75% p.a.|
|Loans greater than Rs.25 lakh - Rs.75 lakh||Base Rate + 1.00%||11.00% p.a.|
|Loans greater than Rs.75 lakh||Base Rate + 1.25%||11.25% p.a.|
|Top Up - All loans, Renovations||Base Rate + 2%||12.00% p.a.|
|2||Fixed Rate||All Loan Category||-||14% p.a.|
The bank makes EMI calculators available to its customers to make them self-assess their capability to take a loan.
Axis Bank Car LoanThe bank provides car loans to deserving customers who meet its eligibility requirements. The interest rates vary from 12.50% to 15.00% while the processing fee ranges from Rs.3500 to Rs.5500. Loans are offered from 12 to 60 months with a least possible availed amount of one lakh rupees. The customers can calculate their monthly expenditure towards the loan repayment in anticipation by availing the benefits of EMI calculator given by the bank.
Axis Bank Personal LoanThis loan has a lucid procedure aimed to assist clientele achieve their financial goals. Interest rates for this loan span from 14.50% till 21% which is rapidly sanctioned, keeping corroboration to the minimum. Loans are available for employed and self-employed people from a minimum of Rs.1 lakh. Repayment tenures straddle from a year to half a decade.
Loan against Shares by Axis BankThis loan is intended to give the customer an overdraft facility sans requirements of EMI’s and cheques of any sort. Indian individuals aged over 21 years are only eligible to go for this scheme. Till the amount of Rs.10 lakhs, the interest rate is 11.75% and falls to 11.50% for a sum above that. From the approval date, the scheme is restored in a new form every year.
Loan against Property by Axis BankThis can be serviced against residential or commercial property as well as for buying a commercial estate. The borrower should be aged between 24 and 65 years of age amongst the beginning and due date of the loan. The bank renders loans against property for a maximum of Rs.150 lakhs and gives generous margins of as 20 - 30% for commercial and 40 - 55% for debt against residential property.
Loan against Security by Axis BankThis scheme is rendered to individuals till three-fourths of the pledged value of the security. This loan is exempt from any EMI’s, prepayment charges and post-dated cheques. Interest rate is calculated only for the overdraft exacted in lieu of security by the customer. The interest rate is 13% for a sum up to Rs.10 lakhs which comes down to 12.75% if the borrowed amount is more than that.
Axis Bank Education LoanThis loan is rendered to students having enrolled in a professional course in India or abroad. The loan is granted to the maximum sum of Rs.10 lakhs for studying in India while the cap on the amount for studying in a foreign nation is Rs.20 lakhs. The loan is secured or guaranteed by the student’s parents’ or guardian who functions as the chief borrower. The interest rates differ on the basis of the quantum of the loans and are concessional for females.
Axis Bank Customer CareThe bank has a dedicated and thorough customer service network having its tentacles throughout the length and width of the country. The address of its corporate office is:
Axis Bank Limited,
Bombay Dyeing Mills Compound,
Pandurang Budhkar Marg,
Worli, Mumbai - 400 025
Tel: (022) 2425 2525
The toll free numbers of the bank can be contacted at the instance of a lost credit card on 1800 209 5577 or 1800 103 5577 or 1800 233 5577. To register complaints, give feedback and redressal of grievances, clientele can login on to the website of the bank www.axisbank.com , check their loan application status and also login to their accounts.
Last Updated On: 2011/09/11