To access the old website
Click Here
Explore 250+ banking
services on Axis Mobile App
Scan to Download
- Current Account
- Pay
- Collect
- Trade
Services
Solution for Exporters
- Debt & Working Capital
24x7 Loans
For MSMEs with turnover up to ₹30 Cr
- Treasury
- Transact Digitally
- Home
- Business Banking
- Small Business Banking
- Long term loans
- Long Term Business Loan Basis GST Returns
Long Term Business Loan Basis GST Returns
Your GST return can now get you a business loan. Under GST program, loans are offered based on the GST returns to MSME customers both self employed professionals and non-professional business owners (retailers and service providers). Business owners can now leverage their GST returns to avail high value GST loans for quick business funding.
Feature & Benefits
- Loan amount can be availed from minimum Rs. 3 lakh up to Rs. 20 lakh
- No hypothecation required, collateral free
- Tenure up to 36 months
- Hassle free process
This account comes with a host of unique features:
- Zero Monthly Average balance Requirement
- Extended benefits in cash deposits, withdrawal, chequebook, NEFT and RTGS
- Nil Monthly Service charge
- Classic , Supreme and Platinum options available for debit card. Click here
Commercials
- Loan Processing Charges Up to 2% + applicable taxes
- Part Pre-payment Charges 2% + GST on amount prepaid
- Foreclosure Charges
- Up to 24 months – 4% of principal outstanding + GST
- 25-36 months – 3% of principal outstanding + GST
- >36 months – 2% of principal outstanding + GST
- Penal Interest 2.00% p.a. on the amount on overdue installments
- Repayment Instruction/Instrument Return Charges Rs. 399/- per instance + applicable taxes
Eligibility & Documentation
Business Vintage
- Minimum 3 years
Age
- Minimum 21 years at the time of loan application
- Maximum 65 years at the end of loan tenure
Minimum Income
- Rs. 3 lakh for both years
Residence / Office Stability
- Either office or residential property is to be owned.
- KYC
- Latest 2 years Balance sheet
- Latest 2 years Profit & Loss statement
- Latest 2 years of ITR filed
- Latest 6 months banking statement
Frequently Asked Questions
A. Maximum tenure offered for GST based loan is 36 months.
We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, financial records, loan amount required and ten-ure of loan.
A. We offer GST based loan to professionals and business owners including doctors, CA, CS, ICWA, engineers, ICWA, traders, manufacturers, retailers and service providers.
A. Repayment shall be monthly, including principal and interest. You can repay a business loan and its EMI through the following channels:
- At the branch
- ECS
- Net Banking
A. The loan is completely collateral free, provided, it is based on assessment of your business profile, past track record and GST returns.
