Refurbish your premises

A well–maintained office premises is the pride of any business owner. After all, this is where you meet your clients and customers. For upgrading your office premises, buying new furniture, replacing old laptops and servers, and so on, a Business Loan is the best option.

Ensuring steady cash flow

As a business owner, there could be occasions when you find yourself cash-strapped. An unexpected breakdown of your machines, or payments to be made to vendors, etc. A Business Loan can easily help you tide over these temporary hiccups. Borrow the funds you need and ensure your business runs smoothly.

Expand your business

Expanding your business and taking it to the next level is any business owner’s dream. You need money to make more money. Invest in your business by availing of a Business Loan and watch your profits grow.

Build inventory

A successful business owner always anticipates his customers’ needs and ensures he never runs out of stock. Building inventory could prove a strain on your finances. But with a Business Loan, you will always have funds ready at hand. Whether it is purchasing raw material or paying vendors, ensure your operations are not interrupted due to lack of funds with a Business Loan.

With a Business Loan EMI calculator, you can find out the total repayment over the tenure of the loan. The amortization schedule of the calculator provides a detailed break-up of the monthly and annual principal and interest components of the loan. Knowing this before getting the loan sanctioned will help you plan your finances and structure your repayment with ease. This way you can earmark the required funds for repaying the loan and avoid stress on your finances. online

Check out Axis Bank’s Business Loan Calculator!

• You can download the application form from the Axis Bank website www.axisbank.com and submit it at the bank branch.
• You can also visit the nearest branch and fill the application form at the branch
• You can instantly "Apply Now" for Business Loan

A Business Loan is a financial tool designed to help businesses fund their operations or expansion. The amount you can seek depends on various factors like the business's credit score, financial health and loan purpose. Axis Bank offers Business Loans up to ₹75 lakh without any collateral, based on the borrower's eligibility and business requirements.

A Business Bank Loan from Axis Bank can be used for a variety of purposes, such as expanding your business, purchasing new equipment, managing working capital, or even refinancing existing debt. It's important to use the funds specifically for business-related expenses only to ensure compliance with the loan agreement.

Small enterprises can apply for a Business Loan by visiting the Axis Bank website or nearest branch. The application process typically involves submitting a duly filled application form along with necessary documents such as business financial statements, KYC documents, and proof of business existence. Axis Bank also offers a Business Loan online application option for faster processing.

At Axis Bank, there isn't a strict upper limit on the maximum loan amount for a Business Loan. However, without collateral, it can go up to ₹75 lakh, based on the business's needs and creditworthiness. The final amount that can be approved after applying for a Business Loan online will depend on various factors, such as the business’s financial health, credit score, and the bank's assessment of the business's repayment capacity.

Entities not eligible for a Business Loan include those with poor credit histories, inadequate financial statements, or businesses that do not meet the lender's minimum turnover requirements. Additionally, startups without a proven business track record may also find it challenging to qualify for a Business Loan.

If you require a loan amount higher than your pre-approved limit, you may need to provide additional financial documents and undergo a more detailed credit assessment. Axis Bank may reconsider your loan limit based on your business's financial health and repayment capacity.

The processing time for a Business Loan at Axis Bank varies depending on the completeness of the application and required documents. Typically, it takes between 3 and 5 working days for the loan to be approved and disbursed, provided all documents are in order and the application meets the bank's criteria.

To foreclose a Business Loan, you must submit a written request to Axis Bank, along with any applicable foreclosure charges. Ensure that all outstanding dues, including interest and principal, are cleared before requesting foreclosure. The bank will then process the foreclosure and provide a final statement of closure.

The interest rate for a Business Loan is calculated based on several factors, including the loan amount, tenure, credit score, and business financials. Axis Bank uses a reducing balance method, where interest is calculated on the outstanding principal amount, which decreases with each repayment, resulting in lower interest payments over time.

Yes, stamp duty may be applicable on the loan agreement for a pre-approved Business Loan, based on the state laws where it is being availed. The borrower is typically responsible for paying this stamp duty, which can vary based on the amount and jurisdiction.

• Individual (with business registration)
• Proprietorship Firm
• Partnership
• Limited Liability Partnership
• Pvt ltd Companies
• Unlisted Public Ltd. Companies
• Trust & Societies (for educational institutes / Hospitals)

We offer competitive Interest rates for our loan facilities. The interest will be determined based on assessment of your business profile, financial assessment, past track record, loan amount and tenure.

No, Axis Bank financing requires that your business be under current ownership of atleast 3 years

Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the Loan account basis the below criteria/methodology in the absence of any specific instructions from you:

• Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.
• Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account.
• Excess amount less than (<) EMI: Excess amount will be kept unappropriated in the Loan account for 15 days. Post 15 days, the excess funds shall be adjusted towards principal outstanding as a part payment.
• Excess amount equal to (=) or greater than (>) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and:
  • Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank.
  • Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows:
    • If excess amount is up to ₹20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account.
    • If excess amount is greater than ₹20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account.
• Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.