Axis Bank Mortgage Loans in Chennai

Axis Bank offers loan against property of any type to ease your financial emergencies quickly. Be it for commercial or residential purposes, you can approach Axis bank for mortgage loan which is the fastest way to borrow money rather than spending your time over other types of loan. This is the secured type of loan that is offered on the basis of providing some collateral as security. There are many benefits in taking mortgage loans, as it is useful to refinance your existing loan, meet any medical emergencies, to pay education fee and more.

Features of Mortgage Loan from Axis Bank

  • The interest rate is attractive and less when compared to personal or business loan
  • You can avail balance transfer facility for additional financial needs
  • You can avail loan against residential property, commercial property
  • Mortgage loan is beneficial for buying any commercial property
  • Easy repayment option and you can pre-close the loan any time

Eligibility for Mortgage loan

  • Both salaried and self-employed individuals can apply for mortgage loan
  • Individuals having regular income and working in a government or reputed private organization can avail mortgage loan
  • The applicant must be over 24 years age
  • Professionals like dentists, chartered accountants, engineers, doctors, management consultants can apply for this loan
  • Any individual who file IT returns can apply for mortgage loan
  • The loan amount you can borrow depends on the type and current market value of the property
  • You can borrow minimum Rs.2 lacs to maximum Rs. 500 lacs
  • 40-55% of loan is provided on the market value of the commercial or residential property

Documents Required for Applying

  • Proof of identity such as voter's ID card, driving license, PAN card, photo credit card
  • Income proof such as latest salary slip with Form 16 and recent salary certificate for salaried
  • IT return for last 2 years and income computation certificate attested by CA for last 2 years as income proof for self- employed
  • Residence proof such as latest electricity bill, bank account statement, LIC policy, insurance premium receipt
  • Bank statement as the proof of salary being credited for last 6 months
  • In case of rental discounting, lease agreement copy is required