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- Long Term Business Loan Basis Itr
Long Term Business Loan basis ITR
Your ITR returns can help you get a business loan. Avail of business loans with your ITR returns for business growth and expansion. This program is specially designed for MSME customers, both self-employed professionals and non-professional business owners, who can avail it with minimal documentation and no collateral.
Feature & Benefits
- Loan amount can be availed for a minimum of ₹3 lakhs up to ₹15 lakhs
- No security is required
- Attractive interest rates
- Hassle-free processing
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 |
|
| Penal interest | 2.00% p.a. on the amount on overdue installments |
| Repayment instruction/instrument return charges | ₹399/- per instance + applicable taxes |
Eligibility & Documentation
Business vintage
- Minimum 3 years
Minimum income
- ₹ 3 lakhs for both years
Age
- Minimum 21 years at the time of loan application
- Maximum 65 years at the end of loan tenure
Residence/office stability
- Either office or residential property must be owned.
Business profile
- Doctors, CA, CS, ICWA, engineers, ICWA, traders, manufacturers, retailers and service providers
- KYC
- Latest 2 year's balance sheet
- Latest 2 year's profit & loss statement
- Latest 2 year's of ITR filed
- Latest 6 month's banking statement
Frequently Asked Questions
No. You can apply for a business loan online at https://smedigital.axisbank.co.in/sbbcj/in 2 easy steps and grow your business with ease.
- Kindly register on the link with your mobile number, PAN & email ID
- Click on register and proceed to apply for a business loan online
Your loan eligibility is based on positive business turnover, banking statements and financial statements to avail funding up to ₹15 lakhs.
Maximum tenure for loan based on ITR is 36 months.
We offer competitive interest rates on our loan facilities. The interest for each loan is determined based on the assessment of your business profile, past track record, financial records, loan amount required and tenure of loan.
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
