AXIS Bank Loan Against Securities Interest Rate, EMI Calculator, Processing Fees

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AXIS BANK LOAN AGAINST SECURITIES

AXIS Bank Loan Against Securities Details 

AXIS Bank was one of the few private banks to have begun operations in 1994, after the government of India allowed new private banks to be established . They have established 2400 branches and more than 12922 ATMs.

AXIS Bank provides Loan Against Securities with the flexibility of liquidity along with access to cash without selling off your securities. It is available as an overdraft facility against your shares/ bonds/ mutual funds and life insurance policies. AXIS Bank loans against securities provide a high loan value upto 85% of the value of your securities with an attractive interest rate starting at 10.50% per annum.

Benefits of AXIS Bank Loan Against Securities

1. High loan value upto 85% of the value of your securities

2. Attractive interest rate starting at 10.50% to 12.75% per annum.

3. It avail of overdraft facilities against your shares/ bonds/ mutual funds and Life insurance policies

4. Provides cheque book facility

5. Any individuals are eligible to apply

6. No prepayment and foreclosure charges 

7. Easy documentation process

Fee and Charges of AXIS Bank Loan Against Securities

To apply for a loan against securities you have to pay fees and charges applied by the AXIS Bank. It covers all charges and fees made by an AXIS bank to their customers.The following charges are taken from AXIS Bank loan against securities i.e processing fee, late payments of EMIs, cheque dishonour charges, prepayment / foreclosure charges etc.

TYPE 

CHARGES

Processing fee 

0.15% of the sanctioned loan amount or Rs.1000 whichever is higher plus GST

Loan amount 

Upto 85% of the value of you securities

Penal interest 

24% p.a. or 2% p.m.

Loan against equity mutual funds

Rs.1000 plus GST

Loan against debt mutual funds

0.1% of the sanctioned loan amount or Rs.5000 whichever is lower

Loan against listed boards / non convertible debenture 

0.1% of the sanctioned loan amount or Rs.5000 whichever is lower

Loan against LIC

0.1% of the sanctioned loan amount or Rs.5000 whichever is lower

Loan against equity shares 

0.1% of the sanctioned loan amount or Rs.5000 whichever is lower

ATM Issuance charges 

Rs.100 plus GST

ATM annual maintenance charges 

Rs.100 plus GST

Repayment instruction / instrument return charges 

Rs.500 plus GST per instance 

Cash deposit charges

(Home branch) :Rs.3 plus GST as a applicable for per Rs.1000

(Non home branch) : Rs.3 plus GST as a applicable for per Rs.1000

Cash withdrawal charges 

(Home branch) : FREE

(Non home branch) : Rs.2 plus GST as a applicable for per Rs.1000

Account statement charges- By post and e-mail

FREE

Account statement duplicate statement from branch 

Rs.100 per statement plus GST as applicable 

Pledge charges

As applicable 

NEFT 

Upto Rs.10000 = 2.50 per transaction plus GST as applicable 

From Rs.10000 to Rs.1 lakh = Rs.5 per transaction plus GST as applicable 

From Rs.1 lakh to Rs.2 lakh = Rs.15 per transaction plus GST as applicable 

Above Rs.2 lakh = Rs.25 per transaction plus GST as applicable 

RTGS

Rs.2 lakh to Rs.5 lakh = Rs.25 per transaction plus GST as applicable 

Rs.5 lakh and above = Rs.50 per transaction plus GST as applicable 

Eligibility Criteria for AXIS Bank Loan Against Securities

Before applying for a loan against securities from AXIS bank, you should fulfil all basic eligibility criteria as prescribed by the bank. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

1. Eligibility conditions for this loan, any individuals are eligible to apply. The applicant should be above the age of 21 years at the time of application. And also meet the below criteria for specified securities.

2. Loan against Mutual Fund – Resident Indians & NRI

3. Applicant should be above 18 years of age at the time of application

4. Loan against Debt Mutual Fund – Resident Indians, NRI, HUF, Sole

5. Proprietorship, Partnership firm, Pvt. Ltd. Company

6. Loan against Listed Bonds / NCD

7. Loan against Life Insurance Policy – Resident Indians only

Documents Required for AXIS Bank Loan Against Securities

Any applicant who is going to avail for a loan against securities must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

1. KYC

2. Latest statement of holding for mutual funds 

3. Pledge form for the creation of pledge 

4. Income proof = Latest salary slip showing all deductions or FORM 16 along with recent salary certificate

5. Last 2 years ITR

6. Last 6 month Bank Statement 

7. Optional - Guarantor form (Mandatory in case of joint holdings)

Compare other bank home loan interest rates 

BANKS 

INTEREST RATE 

AXIS Bank Loan Against Securities

10.50% to 12.75%

Kotak Mahindra Bank Loan Against Securities 

9.25% to 13%

ICICI Bank Loan Against Securities

8.20% to 12.50%

Standard Chartered Bank Loan Against Securities

9.50% to 12%

How to apply for for AXIS Bank Loan Against Securities

There are two ways to apply for AXIS Bank loan against securities :

1. Online Method 

Today, almost every bank in India provides you with the option of availing loan against securities online. The whole process is fast and hassle-free. You can visit the official website of the bank from whom you wish to avail the loan and click on the ‘Apply Now’ button. You will have to enter the details required by the lender and upload the necessary documents. Once the bank has verified the details and documents submitted by you, the loan amount will be disbursed to your bank account.

2. Offline Method

You can visit the nearest branch of the lender from whom you wish to avail the loan along with the necessary documents. An official from the bank will then further assist you with the process of applying for a loan against securities scheme.

Other products of AXIS Bank 

1. AXIS Bank Education Loan

2. AXIS Bank Holiday Loan

3. AXIS Bank Home Loan

4. AXIS Bank Personal Loan 

AXIS Bank Loan Against Securities Customer Care

Contact number : 18604195555 / 18605005555

Email id : loans@axisbank.com

How to calculate EMI of AXIS Bank Loan Against Securities 

The mathematical formula to calculate EMI is : 

EMI = P × r × (1 + r)n/((1 + r)n - 1) 

Where,

P= Loan amount, 

r= interest rate, 

n=tenure in number of months

Financials products offered by Bank 

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Axis Bank Loan Against Securities Frequently Asked Questions 

1. What is a loan against securities?

Loan against security is an overdraft facility that you get in return for pledging securities, such as mutual funds, bonds, shares and life insurance policies. It provides the benefits of a current account while letting you pay interest only on the amount used.

2. What is the loan amount of an AXIS Bank loan against securities?

The AXIS Bank loan against securities provided a high loan amount upto 85% of the value of the securities.

3. How much repayment tenure is provided by Axis Bank loan against securities?

The repayment tenure provided by Axis Bank loan against securities is upto 1 years..

4. How much interest rate is provided by an Axis Bank loan against securities?

The interest rate provided by Axis bank loans against securities starts at10.50% to 12.75% per annum.

5. How much processing fee charged by Axis Bank loan against securities?

The processing fee charged by Axis Bank loan against securities is up to 0.15% of the sanctioned loan amount or Rs.1000 whichever is higher plus GST..

6. How to apply for an Axis Bank loan against securities?

You can apply online or offline by visiting the nearest bank branch.


 

Last Updated on : 27/Aug/2020

Know More About

Axis Bank Loan Against Securities

You're eligible for a Axis Bank Loan Against Securities if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Loans Against Securities is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Axis Bank Loan Against Securities Interest Rates

Updated on 25 Nov 2017

Axis Bank Loan Against Securities Details
Interest Rate (Monthly reducing balance) 10.5% - 12.75%
Processing Fees 0.15% of the sanctioned loan amount or Rs.1000 whichever is higher plus GST
Loan Tenure 1 year to years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Loans Against Securities EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959