{"id":47,"date":"2018-02-18T05:55:29","date_gmt":"2018-02-18T00:25:29","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=47"},"modified":"2018-02-18T19:39:26","modified_gmt":"2018-02-18T14:09:26","slug":"900117-axis-bank-limited-current-loan-against-securities-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900117-axis-bank-limited-current-loan-against-securities-interest-rates.html","title":{"rendered":"Axis Bank Limited – Current Loan Against Securities Interest Rates"},"content":{"rendered":"

Axis Bank Limited – Current Interest Rates for Loan Against Mortgage of Securities<\/strong><\/p>\n

New Delhi (Delhi, India), February 18, 2018<\/p>\n

Axis Bank Limited Cuts Loan Against Securities Interest Rate to 10.50% Per Annum<\/strong><\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Axis Bank Limited – Current Loan Against Mortgage of Securities Interest Rates<\/strong><\/p>\n

Axis Bank Loan Against Mortgage of Securities Interest Rate:<\/strong> 10.50% to 12.50% Per Annum<\/p>\n

Axis Bank Loan Against Mortgage of Equity Shares Interest Rate:<\/strong> 11.50% to 12.50% Per Annum<\/p>\n

Axis Bank Loan Against Mortgage of Securities Rate of Interest is Floating or Fixed:<\/strong> Fixed Rate of Interest<\/p>\n

Quantum of Axis Bank Loan Against Mortgage of Securities:<\/strong> Up to 85% of the Value of the Securities<\/p>\n

Axis Bank Loan Against Mortgage of Securities Minimum Borrowing Limit:<\/strong> Minimum Loan Amount is Rs. 1,00,000<\/p>\n

Axis Bank Loan Against Mortgage of Securities Maximum Borrowing Limit:<\/strong> Maximum Loan Amount is Rs. 20,00,000<\/p>\n

Axis Bank Loan Against Mortgage of Securities Processing Fee and Documentation Charges:<\/strong> 0.15% of the Loan Amount (Minimum Rs. 1,000 plus GST)<\/p>\n

Maximum Tenure for the Axis Bank Loan Against Mortgage of Securities:<\/strong> Maximum Loan Tenure is 12 Months (This is reviewed and renewed annually)<\/p>\n

Axis Bank Loan Against Mortgage of Securities Pre Closure Charges or Prepayment Penalty:<\/strong> Nil Charges or Penalty<\/p>\n

Minimum Age Limit for Getting the Axis Bank Loan Against Mortgage of Securities Sanctioned:<\/strong> Minimum Age 18 Years at the Time of Loan Commencement<\/p>\n

Charges for Axis Bank Loan Against Mortgage of Securities Ovedue:<\/strong> Minimum 2% Per Month of the Axis Bank Loan Against Mortgage of Securities Outstanding Amount<\/p>\n

Security Requirement for the Axis Bank Loan Against Mortgage of Securities:<\/strong> Pledge of Adequate Value of Securities and Equity Shares in Dematerialised Form from the Approved Scrips List<\/p>\n

Guarantor Requirement for the Axis Bank Loan Against Mortgage of Securities:<\/strong> No Guarantor is Required<\/p>\n

Axis Bank Limited – Deposits and Loans Interest Rates<\/strong><\/a>
\nCurrent Deposits and Loans Interest Rates of Axis Bank Limited<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[66,59,70,47,56],"class_list":["post-47","post","type-post","status-publish","format-standard","hentry","category-banking","tag-axis-bank-interest-rates","tag-axis-bank-limited","tag-axis-bank-loan","tag-current-interest-rates","tag-loan-against-securities-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=47"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/47\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=47"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=47"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}