For self-employed professionals, manufacturers, traders, or retailers managing cash flows while growing can be challenging. Axis Bank’s business loan offers the solution through its collateral-free EMI-based Business Loans starting at just Rs. 50,000. Axis Bank’s business loan interest rates begin from 11% per annum to ensure affordable financing understanding your needs.
With minimal documentation and online applications, these loans provide quick access to working capital to cover inventory, pay vendors, or any other short-term needs while repaying easily in EMIs.
Read further to know more about the details of Axis Bank’s business loan offerings!
Axis Bank provides customised collateral-free business loans for MSMEs. The table below provides the other major highlights of Axis Bank business loan:
|Rs.50,000 to Rs.50 lakh
|12 months to 60 months
The table below outlines the fees & charges associated with your Axis Bank business.
|Type of Loan
|11% p.a. onwards
|Up to Rs 10 crore
|12 months to 60 months
|1.25% to 1.50% of the sanctioned loan amount
Need an instant loan for business needs?
Axis Bank offers various business loans, ranging from MSME-focused solutions to specialized offerings like medical and industrial equipment loans. The list below provides an overview of how the bank supports various sectors like agri traders and processors, including agriculture, through their loan services:
Axis Bank MSME Samriddhi Loan provides working capital, non-fund based, and capital expenditure requirements. The loan amount extends from Rs 10.1 lakh to Rs 5 crore and collateral comprises the registered or equitable mortgage of properties, FD & LIC Policy.
Axis Bank MSME Samriddhi Lite, an alternative version of the MSME Samriddhi Loans, extends the facility of cash credit and overdraft. With a loan amount ranging from Rs 10.1 lakh to Rs 35 lakh, it provides businesses with flexibility to meet financial requirements.
Axis Bank's Small Business Banking initiative offers multiple loan variants to assist businesses with a capital turnover of up to Rs 30 crore. Among the options are Axis Bank Cash Credit and Overdraft and Axis Bank Secured Quick Overdraft. Loan amounts within this scheme range from Rs 10 lakh to Rs 10 crore.
Axis Bank's Merchant Loan Overdraft provides a collateral-free overdraft facility based on the average monthly swipes through Axis Bank terminals. The loan amount can vary from Rs 5 lakh to Rs 50 lakh, and the facility is renewable at the end of 12 months.
Unsecured business loans from Axis Bank are aimed at fulfilling various business needs. Businesses can avail of loan amounts ranging from Rs 50,000 to Rs 75 lakh, with flexible tenure options spanning from 1 year to 5 years.
Axis Bank Unsecured Dropline Overdraft is a collateral-free facility designed specifically for doctors and CA professionals. The Axis Bank Unsecured Dropline Overdraft provides loan amounts from Rs 5 lakh to Rs 50 lakh, with a flexible tenure of 2 to 5 years.
Designed exclusively for doctors, Axis Bank’s Medical Equipment Loan allows borrowers to leverage their medical equipment for financial support. The loan amount ranges from Rs 10 lakh to Rs 7.5 crore, and the tenure options vary from 1 year to 7 years.
Need a loan for business needs?
Axis Bank’s Industrial Equipment Loan aims to help manufacturers seeking financial assistance against their industrial equipment. With loan amounts ranging from Rs 10 lakh to Rs 5 crore, businesses can fuel their growth. The tenure for this loan spans from 1 year to 5 years.
Axis Bank Secured Term Loan is an offering that allows borrowers to utilize funds for the purchase of machinery, property, or business expansion. The loan amount ranges from Rs 5 lakh to Rs 10 crore, and the tenure options extend from 1 year to 15 years.
Under the umbrella of Small and Medium Enterprises (SME) Loans, Axis Bank provides a suite of customized loans through its Commercial Banking Group. These include Axis Bank Zero Collateral Loans (CGTMSE), Axis Bank SME Plus, Axis Bank LCBN Power, Axis Bank Power OD, and Axis Bank MPower. Businesses can access loans with amounts reaching up to Rs 10 crore.
Axis Bank extends financial support to agri traders and processors. These include AGPRO Power Loan, Axis Bank AGPRO Lite, Axis Bank Kisan Mitra Loan, Axis Bank Kisan Mitra Lite Loan, Axis Bank Swift OD Loan, and Axis Bank Warehouse Receipt Loan. These loans address the specific needs offering amounts ranging from Rs 10.1 lakh to Rs 5 crore.
Axis Bank’s Warehouse Receipt Loan scheme provides financial solutions against warehouse or storage receipts of approved agri commodities. Divided into categories such as Axis Bank Commodity Power Loan, Axis Bank Commodity Lite, and Axis Bank Commodity Quik, this facility assists borrowers in avoiding distress sales during harvest and neutralizing seasonality.
Here is the listicle that helps you understand the win a detailed manner:
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When applying for an Axis Business Loan, ensure you have essential documents handy. These documents are required when applying for Business Loan:
Here’s a comparative analysis of Axis Bank and various lenders like ICICI Bank, Kotak Mahindra Bank, and SBI as they have their own rates, providing business loan services with a range of options:
|11% p.a. onwards
|13% to 22%.
|State Bank of India
|MCLR + 2.30% p.a.
|At the discretion of the bank
|Indian Overseas Bank
|At the discretion of the bank
|10.6% - 16.64% p.a
|12.50% - 13.60% p.a.
|Kotak Mahindra Bank
|16% - 26% p.a.
|12.25% - 25% p.a.
Read LessNote: Please be informed that the Axis Bank business loan interest rates are subject to change per the market.
Here are the major features and benefits of Axis Bank Business loan:
Get loan ranging from
₹50000 and ₹50 Lakhs
Get loan under the tenure
of 12 months to 60 months
Get loan digital loan
with Axis Bank’s internet
Get your desired business
loan at 11% p.a onwards
Get loan without
risking any collateral
Avail loan without
any extra penalties.
For Axis Business Loan Customer Care and Phone Banking Services, business customers can dial the following numbers:
Buddy Loan provides you the opportunity to avail a business loan starting at an interest rate of just 11.99% per annum. Follow the steps below to avail the loan now!
Apply for a business loan now!
You can apply for an Axis Bank business loan by visiting the bank's official website, or by online application forms that are typically available.
The interest rates for Axis Bank business loans start at 11% p.a. onwards.
Eligibility criteria include factors such as age, business vintage, constitution (proprietorship, partnership, private limited companies, etc.), and financial documents like audited balance sheets.
Yes, you can prepay your Axis Bank business loan, and prepayment charges may apply. It's recommended to review the loan agreement or consult with the bank for specific details.
The loan amount varies based on the type of business loan. For example, Axis Bank's business loans range from Rs 50,000 to Rs 50 lakh, while MSME Samriddhi Loans offer amounts from Rs 10.1 lakh to Rs 5 crore.
Required documents usually include KYC documents, business registration details, financial statements, and other specific documents based on the type of business loan. The bank will provide a checklist.
Axis Bank offers various repayment options, including EMIs (Equated Monthly Installments) and flexible repayment schedules. The specific options may vary depending on the type of business loan.
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