Rules for Part Payment

Rule #1 - If part payment is made before the first EMI payment, adjustment of part payment against the
principal amount will be done only after the EMI payment.

Rule #2 - Once the loan tenure is reduced due to part payment, increasing loan tenure by reducing EMI will
not be permitted at a later date.

Rule #3 - Part payment charges as applicable will be deducted. Please visit www.axisbank.com for schedule
of charges.
Rule #4 - Part payment benefit will be effected in the loan account from the date of credit of funds in the loan
account. In exceptional scenarios, when the payments are adjusted after the payment credit date, the due
benefit will be passed on to the customer by crediting the respective interest amount in the loan account and
reducing the principle and tenure thereafter.

Part payments for partly disbursed loans:

i. Part payments for partly disbursed loans are not recommended as it may lead to closure of account.
ii. In the event of any re-phasement (rate change, EMI change, part payment, etc.) in a particular
month, requests for subsequent disbursement or EMI commencement will be executed only after the
next cycle (EMI due) date.

Part payments for Shubh Aarambh and Fast Forward Home Loans:
While making part payments against Shubh Aarambh / Fast Forward Home Loans, it should be ensured that
the loan tenure does not reduce below 48/120 months respectively, in order to receive the benefit of EMI
waiver.

For any assistance, please call us on 18604195555 or 18605005555 (local charges applicable).

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