Here are a few factors

Rating 0 /
Total - 0 ratings
Location 50Km from Branch
CIBIL Score 650+
Processing Offline
Business Vintage 3 Year
Minimum Turnover 1Cr+
Loan Amount & Tenure 1 Lac-50 Lac
( 12 Month to 48 Month) For Doctors 60 Month
Loan Product Fixed EMI Based
Rate of Interest & Type 18% to 24% (Reducing))
TAT Sanction 3 Days
Disburse-7 Days
Processing Fees 2%
Foreclosure Charges 4% after 12 month
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes
Proprietor Age/Co-Applicant Age 24 Year-65 Year
Part Payment Allowed Yes
Whether Ownership Proof Required Yes, either office or residence one should be owned within Lending Branch Jurisdiction
Business Registration Proof Mandatory Yes
Program Banking Program-25 Lac, GST Program-25 Lac, Income Program-40 Lac
Product for Professionals Yes, For Doctors Repayment Period 60 Month
Negative Profile Both Side Rented, School, Advocates, Jewellers, Share Traders, Liquor Business, Real Estate
USP No Financial upto 25 Lac
Additional 1. 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company
2. Civil Contractor, Travel Profile are call base profile
Right Documents - Easy Process

Required Documents to Apply for Axis Finance Business Loan

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
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
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About Axis Finance Business Loan

Axis Finance Business Loan, formerly known as Ratnakar Bank, is an Indian private sector bank. It offers services across six verticals: corporate and institutional banking, commercial banking, branch and business banking, retail assets, development banking and financial inclusion, treasury and financial market operations. To meet short-term funding and working capital needs, Axis Finance Business Loan provides completely secured business loans. You can obtain money from the bank to expand your firm. The maximum loan amount granted by the Axis Finance Business Loan is up to Rs. 35 lakh with a repayment period of up to 36 months, and the interest rate on business loans ranges from 17.50% to 21% p.a.

If you are looking to grow your business without worrying about the finances, then Axis Finance Business Loan is your way to go! You can easily avail of a business loan from Axis Finance Business Loan which is well supported by their dedicated team and staffs. They offer the most competitive interest rates in the market with a hassle-free documentation process. So, moving ahead let’s explore and find more about Axis Finance Business Loan.

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.

Leave Your Question


The Axis Finance Business Loan is an unsecured loan product designed specifically for the self-employed MSME segment. It aims to facilitate various business expenditures. It is distinctive in that the borrowers are not required to mortgage any assets to avail the loan.

Axis Finance Business Loan offers several benefits including collateral-free loans up to Rs. 50 lakhs, flexible repayment tenure ranging between 6 to 36 months, competitive interest rates starting at 14.99% p.a., quick processing with minimal documentation, and an online platform for application and tracking.

Axis Finance Business Loan is accessible to self-employed individuals, professionals, sole proprietorships, partnerships, private limited companies, and closely held limited companies. Entities engaged in manufacturing, trading, or service provision are eligible to apply.

To qualify for an Axis Finance Business Loan, the applicant must be a minimum of 21 years and not exceed 65 years at the time of loan maturity. The business must have a minimum vintage of 3 years and show an annual turnover of Rs. 30 lakhs as per the most recent audited financials. Net profit should be at least Rs. 2 lakhs according to the latest audited financials. A minimum credit score of 700 is also mandatory.

The interest rates for the Axis Finance Business Loan start at 14.99% p.a. Additional charges include a processing fee of up to 2% of the loan amount plus GST, no prepayment charges for loans up to Rs. 25 lakhs and up to 5% of the outstanding amount plus GST for larger loans, late payment charges of up to 2% per month on the overdue amount plus GST, and cheque bounce charges of Rs. 500 per instance plus GST.