Axis Business Loan
Business Loan
Fuel your business growth
Interest Rate11% - 24% p.a.
Loan Amount₹1 Lakh - ₹50 Lakhs
Tenure1 - 5 years
About Business Loan
Business loans help entrepreneurs and small businesses meet their working capital needs, expand operations, purchase equipment, or manage cash flow. Available as secured or unsecured loans, they're designed for registered businesses with a track record.
Key Features
Collateral-free loans up to ₹50 lakhs
Working capital and term loans
Quick disbursal for SMEs
Flexible repayment options
Overdraft facility available
Government scheme benefits (MSME)
Loan against business assets
Invoice financing options
Eligibility Criteria
Age21 - 65 years
Minimum IncomeBusiness turnover of ₹10 lakhs+ annually
EmploymentBusiness operational for 2+ years
Credit Score700+ CIBIL score
Documents Required
Business registration documents
GST registration certificate
Last 2 years ITR
Last 12 months bank statements
PAN and Aadhaar of proprietor/directors
Business address proof
Financial statements (audited if applicable)
Fees & Charges
| Processing Fee | 1% - 3% of loan amount |
| Prepayment Charges | 2-5% of outstanding |
| Late Payment Fee | 2% of EMI amount |
| Foreclosure Charges | 3-5% of outstanding principal |
Pros & Cons
Advantages
- No collateral for smaller amounts
- Supports business expansion
- Tax benefits on interest paid
- Government subsidies available (MSME)
- Improves business cash flow
Disadvantages
- Higher interest than home/car loans
- Requires business documentation
- Profitability history needed
- Personal guarantee may be required
Compare Business Loan from Banks
| Bank | Interest Rate | |
|---|---|---|
| HDFC Bank | 11.90% onwards | View Details |
| ICICI Bank | 12.75% onwards | View Details |
| Axis Bank | 12.00% onwards | View Details |
| Bajaj Finserv | 14.00% onwards | View Details |
Frequently Asked Questions
Business Loan
- Interest Rate11% - 24% p.a.
- Loan Amount₹1 Lakh - ₹50 Lakhs
- Tenure1 - 5 years
- Processing Fee1% - 3%
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Disclaimer: Interest rates and terms are subject to change. Loan approval depends on your credit profile and lender's policies. Please verify details on the official lender website before applying.