Avail Axis Bank Business Loan at Affordable Interest Rate

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Once a wise man said – “With great power comes great responsibility”. Although it was addressed to the Spiderman yet this quote is equally meaningful for businessmen. In business, you have to keep running your projects and keep providing good livelihood to your employees. Being the third-largest bank in India, Axis Bank helps you in retaining your power and fulfilling your responsibility by providing Axis Bank Business Loan up to 50 lac INR at a competitive price. Be it expansion, expenditures on new machinery, business property or financing new avenues, Axis Bank Business Loan covers it all. Read more to know about Axis Bank Business Loan Interest Rate and how it helps your business.
Everything You Should Know About Axis Bank Business Loan
Doing a business isn’t everyone’s cup of tea. If you are a businessman, you can easily understand it. There is a constant anxiety of running out of finance. In these anxious times, people often make bad decisions. To make sure that businessman like you stay out of such hectic situations, Axis Bank provides business loans up to 50 lac INR. The Axis Bank Business Loan Interest rate is 14.5% onwards.
Axis Bank Business or personal Loan Interest Rate and Other Charges
Interest Rate
14.25% onwards
Processing Charges
Up to 2% of loan amount + GST
Loan Amount
Starts from 50,000 INR, max. amount – 50 lac INR
Collateral
Not required
Foreclosure Charges
Nil
Prepayment Charges
Nil
Penal Interest
2% p.m. on the amount of overdue instalment
Stamp Duty
As per applicable state laws
Cheque Bounce Charges
Rs. 500 per bounced cheque + GST
Renewal Processing Fee
NA
Non-Due Certificate (NOC)
Rs. 150 + GST
CERSAI Charges
NA
Eligibility Criteria for Axis Bank Business Loan
There are few criteria that is needed to meet in order to be eligible for Axis Bank Business Loan. These are –
Eligibility Factors
Eligibility Criteria
Age of the Applicant
Min: 21 years and Maximum: 65 years
Business Tenure
3 Years
Business Turnover
Rs. 30 lakhs to Rs. 10 Cr
*Age of the applicant should be in between 21 years and 65 years at the time of loan maturity. If someone is taking loan up for 5 years, then the applicant should be 60 or less years old. 
Factors That Affect Your Loan Eligibility
  • Total income of the business
  • Your age
  • Details of the assets and liabilities
  • Your qualification
  • Your current bank balance and other savings 
Documents required for Axis Bank Business Loan 
  1. Completely filled Axis Bank Business Loan Application
  2. Last 2 years ITR
  3. KYC Documents like Aadhar Card, Passport, Driving License
  4. Pan Card
  5. Audit Report 
Apart from these, you will have to submit some additional documents to prove the existence of your business. These are –
  • GST certificate/Service Tax certificate
  • Income tax returns 
  • Balance sheet
  • Signed certified copy of the profit and loss account
  • Loan sanction letter and bank statement (if you have borrowed business loan previously)
  • Company letterhead
  • Cheque
In case of any confusion, please contact Axis Bank Customer Care on 1860 419 5555 (toll-free).
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