Axis Bank has introduced a quick and flexible Axis Bank Business Loan designed to support entrepreneurs and small business owners. With competitive interest rates, minimal documentation, and a hassle-free digital application process, this loan is an excellent choice for anyone planning to expand or stabilize their business.
Is the Axis Bank Business Loan Right for You?
Here’s a quick glance at who can apply and what the loan offers:
- Entrepreneurs aged 21 to 65
- Minimum 3 years of business vintage
- Loan amount up to ₹20 crores (₹75 lakhs for unsecured loans)
- Interest rates ranging from 11.05% to 20%
- Fast loan approval with simple procedures
- Both secured and unsecured options available
- No collateral required for unsecured business loans
- For secured loans, you must provide approved security documents
Key Features of Axis Bank Business Loan
Here are the major features of the Axis Bank Business Loan:
- Loan amount ranges from ₹50,000 to ₹50 lakhs
- Quick approval and minimal paperwork
- Interest rate depends on business turnover, credit profile, financial stability, and profits
- No security required for unsecured loans
- A processing fee of 2% is charged on the loan amount
Axis Bank Business Loan Interest Rate
The interest rate for an Axis Bank Business Loan is determined based on your:
- Business profile
- Financial background
- Past performance
- Loan amount
- Loan tenure
Interest rate highlights:
- Starts at 11.05%, goes up to 20%
- Floating rate loans linked to the repo rate are reset every 3 months
- Fixed-rate loans start at 14.25%
Who Can Apply?
The Axis Bank Business Loan is designed for a wide range of business entities:
- Individuals with registered businesses
- Proprietorship firms
- Partnership firms
- Limited Liability Partnerships (LLP)
- Private Limited Companies
- Unlisted Public Limited Companies
- Trusts & Societies (educational institutes/hospitals)
Eligibility Criteria for Axis Bank Business Loan
To qualify, applicants should meet the following:
Business Vintage
- Minimum 3 years of business experience
Turnover Requirement
- Minimum annual turnover of ₹30 lakhs
Age Limit
- Minimum: 21 years
- Maximum: 65 years (at loan maturity)
Residence/Office Stability
- Should own a house or office OR
- If rented, at least 12 months of residence stability
- Office stability must be at least 24 months
Minimum Income
- Individuals: Annual income of ₹2.5 lakhs (as per last 2 years’ ITR)
- Non-individuals: Minimum ₹3 lakhs cash profit in the last 2 years
Documents Required
To apply for the Axis Bank Business Loan, keep the following documents ready:
- KYC documents
- Duly filled application form
- Financial statements
- Last 6 months’ bank statements
- PAN card/Form 60
- Business proof documents
You can apply in two ways:
How to Apply for Axis Bank Business Loan?
1. Online Application
Visit the official Axis Bank website and fill out the business loan form.
(Apply online through their official site.)
2. Offline Application
Visit your nearest Axis Bank branch and submit your application manually.
About Finline
Finline is an online platform that helps entrepreneurs create professional project reports required for bank loans and investments. Think of it as “Canva for financials.”
If you’re planning to apply for an Axis Bank Business Loan, a clear and well-crafted project report is essential. Finline’s team ensures that your business financials are presented accurately and professionally to improve your loan approval chances.
