Range of Interest Rate
10.75 % Onwards
Processing Fee Range
Up to 2 %
Loan Amount
Up to 50 Lakhs
Range of Loan Tenure
1 – 5 Years
Key Salient Features
- 24×7 business loans
- Collateral FREE!
Documentation
- KYC– Aadhar Card and PAN Cardd
- Financial– Financial- 6 Months Bank statement, latest form 26AS, ITR 3 Years
Trivia
- The total number of branches of Axis Bank branches in India is 5100+
- Average loan approval time is about 2-5 working days
USP’s
Doorstep Service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction Process
Fee and Charges Details
- In case of cash credit and overdraft facility nil charges if closed by own funds and 2%+ taxes sanctioned limit if loan is closed from borrowed funds
- For term loan nil if closed by own funds
- 2%+ taxes on principal outstanding if closed with borrowed funds
Disclaimer
- All intellectual property including trademarks, logos belong to the owner
| Particulars | Self-Employed |
|---|---|
| Age | 18 to 75 years |
| Prepayment Charges/Foreclosure | In case of cash credit and overdraft facility nil charges if closed by own funds and 2%+ taxes sanctioned limit if loan is closed from borrowed funds For term loan nil if closed by own funds 2%+ taxes on principal outstanding if closed with borrowed funds |
FAQs
When you apply for an Axis Business Loan you need to take the following steps given below:
- Visit the nearest branch of axis bank and fill the business loan application
- Once your application form is approved by Axis Bank you will need to submit a few key documents. These include KYC, Financial, and Property
- Axis Bank initiates the processing of the business loan which includes legal and technical verification
- They will provide a sanction letter, which will include a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions
- A business loan disbursement request is raised, after which Axis Bank will issue a cheque
The few documents that you need to submit while applying for an Axis Bank Business Loan. They are given in the table below:
KYC Documents
KYC Documents
- The previous three months’ salary slips and
the Latest Form-16 - Latest 2 years Form 16
- IT Returns for the last three years
-
Business Profile of the Applicant
Latest 3 years ITR with Computation of Income - Balance Sheet, Profit, and Loss Account, and respective schedules
- GST Registration Certificate, GSTR-3B Returns of
latest 1 Year, and GSTR-3B Returns of latest 1 Year
Company Udhyam certificate
Property Documents
Axis Bank provides you with a business loan that has attractive minimum interest rates and also offers flexible repayment options. Major reasons why you should opt for Axis Bank Business Loan. Besides, this popular private financial institution also presents to you a ‘24×7’ business loan, which you use to secure a business loan anytime within the comforts of your home or even office.
After submitting necessary documents, this popular financial banking institute will take on average about 5-7 working days to sanction your business loan.
You need a minimum CIBIL score of 700 or above to secure an Axis Bank Business Loan.
The Minimum loan amount offered by axis bank is 1 Lakh to Maximum 50 Lakh
To help you understand your EMI you will have to pay for your Axis Bank Business you apply at the lowest minimum interest rate at 10.75%, given below a table containing loan amount and tenure.
Table of Axis Bank Loan EMI @10.75% interest rate for different loan amounts and tenures:
| Amount | ||||
|---|---|---|---|---|
| Tenure | 10 lacs | 25 lacs | 50 lacs | 1 cr |
| 2 Years | Rs 46,492 | Rs 1,16,230 | Rs 2,38,459 | Rs 4,64,919 |
| 3 Years | Rs 32,620 | Rs 81,551 | Rs 1,63,102 | Rs 3,26,205 |
| 5 Years | Rs 21,618 | Rs 54,045 | Rs 1,08,090 | Rs 2,16,180 |
It is definitely not essential to have a co-applicant while applying for an Axis Bank Business Loan. Moreover, in case you do have one it assures your lender about your ‘Creditworthiness’. Therefore, improving your chances of securing a business loan.
Incase of Business Loan which is an unsecured loan, The interest rates remains fixed during the entire tenure of the loan period.
Possessing ITR documents for three financial years will increase your chances of obtaining an Axis Business loan. Moreover, you can also get a business loan despite not having three-year ITR returns. It is only possible though if you are looking for a small loan and you have a good CIBIL score to prove to your lender that you are ‘Creditworthy’. Although, it all depends on the policies of the lender.
After you apply for an Axis Bank Business Loan and also submit the necessary documents, it will usually take anywhere between 7 – 10 working days for it to get first sanctioned and disbursed.
A few additional details of the Axis Bank Business Loan that you need to know are given below:
-
Types of Axis Bank Business Loan:
There are several Axis Bank Business Loans available. They are given below:
- Axis Bank MSME Samriddhi Loans
- Axis Bank MSME Samriddhi Lite
- Axis Bank Cash Credit and Overdraft
- Axis Bank Secured Quick Overdraft
- Axis Bank Merchant Loan Overdraft
- Axis Bank Business Loan
- Axis Bank Unsecured Dropline Overdraft
- Axis Bank Medical Equipment
- Axis Bank Secured Term Loan
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Business Loan
4.9
434 Google Reviews
4.8
860 Justdial Rating
Loan Bazaar
#1 Choice
of Smart
Customers
4.9
434 Google Reviews
4.8
860 Justdial Rating
5/5
Hi, The new feature on Loan Bazaar Website, providing the facility to view the Home Loan Amortization Schedule is really wonderful. This will actually reduce paper wastage, telephone calls to be made and the waiting time for receiving the revert from Banker. It is quite an innovative move. Keep it up! Happy Diwali to one and all!
Shivam Sharma
5/5
Was struggling to get loan for my home from last 3 months, suddenly one day I found Loan Bazaar on google who is one of the most well known DSA for home loan. They offered me doorstep service and with the limited paper work, they santioned my loan within 7 days. Thanks to Loan Bazaar.
Aruna Kate
5/5
I work for an MNC financial services company in the customer service department and I must say that Loan Bazaar has one of the most user friendly website and EMI Calculator. Well done! In an endeavour to automate, My first visit to the website has been a pleasurable one!
Yash Sharma
5/5
Loan Bazaar Team’s commitment shown on the job are enthusing. I had opted for a switch over on HL recently and been able to get best possible attention and faster clearance over my request. Kudos Loan Bazaar…
Babu Patil
5/5
A very helpful and a very patient team . My special thanks to Mr.Jitendra Sharma and Ms.Kanchan for their support . Dont worry about loan just contact this team they have solution for all .Once again thank you all
Dr.Abhijeet Kumar
5/5
I recommended their services to a friend of mine, and the services given were excellent. Very professional team, with polite and helpful approach. Highly recommended
Jayesh Shah
