Terms and conditions
Maximum repayment period is 15 years
The loan shall be secured by way of Mortgage of residential property in favor of Axis Bank.
Settlement of Loan:
The loan shall become due and payable only when the last surviving borrower dies, sells the home, or permanently moves out of the home.
Settlement of loan along with accumulated interest to be met by the proceeds received out of sale of residential property.
The borrowers or his/her/their heirs will have an option to settle the loan along with accumulated interest, without sale of property.
Customer can avail Property and Personal Accident insurance cover as per the guidelines and arrangements with the insurer/underwriter.