If you are an engineer, doctor, or a chartered accountant and wish to avail a business loan, Axis Bank offers collateral-free business loans that can be repaid in easy equated monthly instalments (EMIs).
Axis Bank offers business loans in the range of Rs.50,000 to Rs.50 lakh at interest rates that are determined on the basis of your business profile, loan amount, financial assessment, loan tenure, and past track record.
You can also avail business loans from Axis Bank under the Pradhan Mantri Mudra Yojana (PMMY).
| Loan Amount | Rs.50,000 to Rs.50 lakh |
| Interest Rate | 11.50% to 20% |
| Collateral | Not Required |
| Processing Fee | As per the discretion of the lender |
You can avail a business loan from Axis Bank in two ways – online and offline.
To avail a business loan from Axis Bank online, you can follow the below-given steps:
If you prefer the offline method of loan application, you can walk in to the nearest branch of Axis Bank where the bank officials will inform you of the loan application process.
To avail a business loan from Axis Bank, you need to fulfil the below-given eligibility criteria:
| Business Vintage | Should be in the same line of business for at least 3 years |
| Business Turnover | Minimum of Rs.30 lakh |
| Age | 21 years to 65 years |
The following entities/individuals are eligible for availing a business loan from Axis Bank:
To avail business loans under the Mudra Yojana, the eligibility criteria are as follows:
When you apply for a business loan from Axis Bank, you will be required to furnish the below-given documents:
Individual (with business registration), proprietorship firm, partnership, Limited Liability Partnership, Pvt ltd Companies, Unlisted Public Ltd. Companies, and Trust and Societies are eligible for business loans from Axis Bank.
Unfortunately, no. To avail a line of credit from Axis Bank, your business should be under current ownership for at least 3 years.
Yes, under the Micro, Medium, and Small Enterprise (MSMED) Act, 2006, Axis Bank extends loans to the MSME sector through 41 dedicated cells/centers spread across the country.
Yes, Axis Bank offers Mudra loans wherein you can avail a loan of up to Rs.10 lakh to start your own income-generating business.
All loans sanctioned by Axis Bank to the MSME sector will be disbursed within 2 working days provided all terms and conditions are fulfilled. The bank is able to provide prompt loan disbursement because of its dedicated credit operations team.
Yes. Axis Bank offers business loan to start a greenfield project for the establishment of expansion projects.
The term loan rate ranges from 11.05% p.a. to 12.05% p.a. for term business loans, whereas for fixed rate loans, the interest rate ranges from 14.25% p.a. to 20% p.a. However, the final rate offered to you is solely at the bank’s discretion.
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