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AXIS Bank Business Loan
Doesn’t have any collateral to provide for a Business Loan? No Issue, with Axis Bank Business Loan you can get your business started without offering any security.
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AXIS Bank Business Loan
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AXIS Bank Business LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 700+ |
| Processing | Offline |
| Business Vintage | 3 Year |
| Minimum Turnover | 50 Lac+ |
| Loan Amount & Tenure | 5
Lakh to 50 Lakhs, Exisitng Client-Upto 75 lac (12 month to 36 Month) |
| Loan Product | Only Term Loan No OD Limit |
| Rate of Interest & Type | 16% to 18.50%(Reducing) |
| TAT | Sanction-3
Days Disbursement-7 Days |
| Processing Fees | 1.75% to 3% |
| Foreclosure Charges | 4% |
| Applicant Type | Individual, Proprietorship Concern, Partnership Firm/LLP/Company |
| Whether Co-Applicant Mandatory | Yes |
| Proprietor Age/Co-Applicant Age | 25 Year- 65 Year(at the time of maturity) |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | PAN India Owned Office/Residence can be considered only where AXIS Branch is available |
| Business Registration Proof Mandatory | Yes |
| Program | 1.
Banking-25 Lac 2. GST-35 Lac 3. Income-75 Lac |
| Product for Professionals | MBBS & MD- 50 lac (ROI -12%-14%) |
| Negative Profile | Both Side Rented |
| USP | School,
Advocates, Jewellers, Share Traders, Liquor Business, Civil Contractors,
Hotel & Restraurents, Tour & Travel, Real Estate |
| Additional | Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company |
AXIS Bank Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About AXIS Bank Business Loan
Axis Bank, the third-largest private bank in India, has a worldwide reach to serve its vast customer base. Both the business sector and the retail sector can benefit from its various financing options.
Axis Bank is offering a collateral-free, EMI-based loan to a business entity seeking to expand and advance its current operations. At reasonable rates, the loan is accessible up to a maximum value of Rs. 50 Lakh. The processing fee varies from 1.25% to 1.50% of the permitted loan amount and is based on a number of variables. The borrower must pay an extra 2% p.a. in interest if an installment is missed. However, the costs and specifics of the foreclosure are not publicized. Take advantage of this facility to put it to business use and profit from the offerings.
Here are a few factors about Axis Bank Business Loans
AXIS Bank is the third largest bank in India and has a huge variety of financial services being offered to its customers. So when you are going to start a new Business, then you surely should consider taking Business loans. And just go through the features and benefits of axis bank Business loans to learn about their current offers. Some of the main benefits of taking a Business loan from axis bank are less rate of interest and minimal documentation. Along with offering amazing interest rates, axis bank gets you the loan amount within just 24-48 hours after you apply.Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
A Business loan is loan that is taken by a lender and aids financially to take business to great heights. And in return, this also allows the lender they can take away your business assets if in case you fail to repay the borrowed amount.
When you need credit, you apply for a loan. The lender verifies and accepts your Business loan application when you submit it to them. The loan money is then transferred to your bank account.
yes, you can apply for an AXIS Bank Business loan for the below categories: Purchase of a new Business Construction of a Business To get the Business repaired To get-Business improvements done To get the Business extended or renovated
No, the Business interest rates are fixed for both salaried and self-employed customers.
Axis Bank offers Personal Loan from Rs. 5,00,000 to Rs.50,00,000.
Yes, the bank will charge you a non-refundable amount of processing charges, ranging from 1.75% of the loan amount plus GST as applicable.
Yes, Indian residents who apply for axis bank Business loans are eligible for tax benefits on both the principle and the interest amount of the Business loan.
Yes, you can get your details updated under your Business loan application. There are two ways to do it which are: 1. By calling our Call Centre. 2. Write to us Online: www.axisbank.com/support
once the loan is foreclosed, you will get the papers from axis bank within 15 days.
A business loan is a certain amount borrowed from any lender for the purpose of starting or expanding a business.
The minimum ROI of an Axis Bank Business Loan is 16% per annum
The maximum ROI of an Axis Bank Business Loan is 18.05% per annum
The highest loan amount you can avail with an Axis Bank Business Loan is Rs. 50 Lacs for new applicants and up to Rs. 75 Lacs for existing customers.
The minimum loan amount you can avail of with an Axis Bank Business Loan is Rs. 5 Lacs.
The processing fee for the Axis Bank Business Loan is between 1.75% to 3% of your loan amount.
The minimum repayment tenure of an Axis Bank Business Loan is 12 months.
The maximum repayment tenure of Axis Bank Business Loan is 36 months.
Yes, you can apply for an Axis Bank Business Loan anywhere from India as it holds PAN India access.
The required minimum business turnover to apply for an Axis Bank Business Loan is Rs. 50 Lacs.
To apply for Axis Bank Business Loan your Minimum CIBIL score must be 700
No, to apply for an Axis Bank Business Loan your Minimum CIBIL score must be 700.
Yes, to apply for the Axis Bank Business Loan your Minimum CIBIL score must be 700
You can go to the official website of Axis Bank or you can also switch to ReferLoan for an easy and smooth loan application process.
The acceptance of a low cibil score for Axis Bank Business Loan differs from case to case.
The minimum required age to apply for an Axis Bank Business Loan is 25
The maximum required age to apply for an Axis Bank Business Loan is 65
Yes, the applicant must provide a PAN India-owned office or residence only where Axis Branch is available, to apply for an Axis Bank Business Loan.
No, Axis Bank does not offer an OD Limit on small-segment Business Loans.
If you are planning to apply for an Axis Bank Business Loan, your business’s minimum vintage must be 3 years.
Any Self-employed individual, proprietorship concern, Partnership Firm, LLP/ Company can apply for an Axis Bank Business Loan
Yes, it is mandatory to provide a Co-applicant to apply for an Axis Bank Business Loan.
Yes, it is mandatory to provide Business Registration Proof to apply for an Axis Bank Business Loan.
No, you can’t apply for an Axis Bank Business Loan for a School.
No, any business of Real Estate is considered a negative profile in Axis Bank Business Loan.
No, any business related to Jewellery is considered a negative profile in the Axis Bank Business Loan.
No, any business related to Liquor is considered a negative profile in the Axis Bank Business Loan.
No, any business related to Civil Contractors is considered a negative profile in the Axis Bank Business Loan.
No, any business related to the Hotel and Restaurant Sector is considered a negative profile in the Axis Bank Business Loan.
No, any business related to the Tour and Travel Sector is considered a negative profile in the Axis Bank Business Loan.
No, Advocacy is considered as an adverse profile in Axis Bank Business Loan.
No, share traders are considered an adverse profile in Axis Bank ( small segment ) Business Loan.
No, partial payment is not allowed in an Axis Bank Business Loan.
The foreclosure charges on an Axis Bank Business Loan is 4%
It is an unsecured loan so the applicant won’t need to provide any collateral.
No, Axis Bank requires 51% shareholding on its small segment business loan if the applicant is an LLP/Partnership firm/Company.
Axis Bank takes 7 days for the disbursement of a personal loan
Axis Bank takes 3 days for the confirmation of a personal loan
Yes, you can apply for an Axis Bank Business Loan online
The customer care number of Axis Bank is 1800–103–5577
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