Axis Finance Business Loan
Axis Finance Business Loans are a great choice if you need money to manage your cash flow, buy machinery to expand your business, or increase your stock for the festive season. You can get a loan of up to ₹50 lakhs for short-term or medium-term needs, with a repayment period of up to 48 months. Our easy digital process ensures quick loan approvals from the comfort of your home or office.
Axis Finance Interest Rates, Fees & Charges
| Charge Type | Amount | |
| Interest Rates | 18% to 24% | |
| Processing Fees | Up to 2% of the loan amount, plus applicable taxes. | |
| Part Pre-payment Charges | Up to 2% of the prepaid amount, plus applicable taxes. | |
| Foreclosure Charges |
| |
| Penal Interest | 2% per month on the overdue installment. | |
| Cheque Bounce Charges | Up to ₹500 per instance, plus applicable taxes. | |
| Stamp Duty & Other Charges | As per the state's law | |
| CERSAI Charges | Up to ₹100, plus applicable taxes. | |
| No Dues Certificate Charges | ₹50, plus applicable taxes. | |
Axis Finance Business Loan Eligibility
To get a business loan from Axis Finance, you need to meet the following eligibility criteria:
- Age: You should be between 21 and 65 years old
- Business Type: Both self-employed individuals and business owners can apply.
- Business Vintage: Your business should be running for at least 3 years.
- Annual Turnover: Your business should have a stable income and meet the minimum turnover requirements set by Axis Finance.
- Credit Score: A good credit score is important for loan approval.
Make sure to have your business documents, financial statements, and KYC documents ready when applying.
Documents Required For Axis Finance Business Loan
To apply for a business loan from Axis Finance, you will need the following documents:
| Document Type | Accepted Documents |
|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Voter ID, Passport |
| Address Proof | Aadhaar Card, Utility Bill (Electricity, Water, or Gas), Rental Agreement, Passport |
| Business Proof | Business Registration Certificate, GST Certificate, Trade License |
| Financial Documents | Bank Statements (last 6 months), Income Tax Returns (last 2 years), Balance Sheet, Profit & Loss Statement |
| Photographs | Recent Passport-Size Photographs |
Types of Business Loan Offered By Axis Finance
Axis Finance offers different types of business loans to meet various needs:
- Term Loan
- A fixed amount of money is given for a specific period.
- You repay it in regular installments.
- Best for buying machinery, expanding business, or starting a new project.
- Working Capital Loan
- Helps manage daily business expenses like paying suppliers or employees.
- Useful for maintaining cash flow during tough times.
- Loan Against Property (LAP)
- You can get a loan by keeping your property as security.
- Suitable for large business expenses or expanding operations.
- Machinery Loan
- Specifically for buying or upgrading machinery and equipment.
- Helps businesses grow and increase production.
- Invoice Financing
- Get funds against unpaid invoices from customers.
- Ideal for businesses with long payment cycles.
These loans are designed to help businesses grow and manage their finances easily.
Key features of Axis Finance Business Loan
Loan Amount: You can get a loan of up to ₹50 lakhs, depending on your business needs.
Flexible Tenure: Repay the loan over a period of up to 48 months.
Fast Processing: The loan application process is quick and simple, with easy online access.
No Collateral Required: You can get a loan without providing any property or asset as security.
Competitive Interest Rates: Axis Finance offers attractive interest rates to suit your budget.
Minimal Documentation: The application requires only basic documents, making it hassle-free.
Customizable Solutions: Loans are designed to meet various business needs like buying machinery, increasing stock, or managing cash flow.
Why Apply For an Axis Finance Business Loan At BigMudra.com
Easy Application: BigMudra.com offers a simple and quick online application process.
Multiple Loan Options: Compare different business loan offers to find the best one for your needs.
Fast Approval: Enjoy faster loan approvals with BigMudra’s efficient services.
Secure Process: Your personal and financial information is kept safe and confidential.
Convenience: Apply from the comfort of your home or office, without visiting a bank.
Choosing BigMudra.com makes getting an Axis Finance Business Loan easier and stress-free.
How to Apply for Axis Finance Business Loan
Axis Finance offers easy and quick business loans to eligible applicants based on their business performance and credit profile. If you are looking for a hassle-free loan application process, you can visit BigMudra.com to check your eligibility and apply for an Axis Finance Business Loan effortlessly.
Axis Finance Business Loan Customer Care Number
Helpline Number: 1800 419 0094 (Toll-free and accessible across India), Or you can directly email them at customer.support@axisfinance.in
FAQs for Axis Finance Business Loan
Who is eligible for an Axis Finance business loan?
Self-employed individuals, business owners, and MSMEs with a stable income and a good credit score.What is the Axis Finance business loan interest rate?
The interest rate varies based on your credit profile and business performance. Contact Axis Finance for the latest rates.How to get a ₹15 lakh business loan?
Apply online through BigMudra.com or directly on the Axis Finance website. Ensure you meet the eligibility criteria and submit the required documents.What is the Axis Finance business loan customer care number?
You can contact Axis Finance at 1800-103-5577 or email them at axisfinance.customercare@axisbank.com.What are the Axis Finance business loan requirements?
Identity proof, address proof, business proof, financial documents (bank statements, ITR), and passport-size photographs.Who is eligible for a business loan?
Individuals aged 21-65 years, running a business for at least 3 years with a stable income and a good credit score.
