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Micro Loans
Get quick, convenient banking solutions, with minimal documentation to finance short and long-term business needs.
Locate Nearest BranchSimplified access & minimal documentation
Minimum loan amount of ₹1 lakhs
Balance transfer available
Credit Life Insurance cover with lower premium
Flexible tenure
Business profiles include retail, manufacturing, service industry, etc.
Micro Loans
Presenting Biz Lite, Biz Power, Biz Power Plus, Loan Facility for micro entrepreneurs and small business owners for business expansion, business structure expansion, business asset acquisition.
Types of Loans
| Loan amount | Tenure | |
|---|---|---|
| Biz Lite (Unsecured) | Upto ₹5 Lakhs | Flexible up to 4 years |
| Biz Power (Secured) | Upto ₹10 Lakhs | Flexible up to 7 Years |
| Biz Power Plus (Secured) | Upto ₹25 Lakhs | Flexible up to 15 Years |
Eligibility for Micro Loans
- Minimum age of applicant – 21 years
- Maximum age of applicant at the time of loan maturity – 60 years
- Minimum 3 years of business stability in the same industry
- Minimum 2 years of business stability in the same premise
Documentation for Micro Loans
- Duly filled and signed application form
- KYC documents
- Business proof
- Ownership proof (business and residence)
- Collateral documents (wherever applicable)
- Last 6 months bank statement
Frequently Asked Questions
Self-employed individual involved in small businesses viz. retailing, service and manufacturing subject to Axis Bank’s eligibility criteria.
Yes, you can apply for balance transfer loan subject to fulfillment of all criteria.
Residential, commercial, or industrial property are allowed (wherever applicable). Open plots not allowed.
Currently the product is live in limited branches. Click here for Micro Loans branch list.
