Axis Bank Business Loan
Based on 155 Customer Reviews
Published on: 06 Oct 2018
Based on 155 Customer Reviews
Published on: 06 Oct 2018
Axis bank is the third largest private bank in India and one of the most preferred loan providers with a network of over 2400 branches and over 12,900 ATMs across India. The Headquarter of the bank is in Mumbai. The bank was established in 1994 and has been promoted by one of the largest and most upright financial institutions of India, UTI. The bank offers a host of retail & corporate banking, lending, investments, advisory & treasury services. It also undertakes to lend to SMEs, besides providing agriculture loans, and micro-financing services.
Axis Bank loans in India are designed keeping in mind the self-employed, proprietorship / partnership firms/ companies. A person can avail a business loan and use it for expansion of an existing business or to start-up a new venture. Axis Bank offers a hassle-free business loan application process with simplified documentation, flexible tenures and lower interest rates for businesses of all sizes. Axis Bank business loans can be availed against any collateral or security which has a good market value and is freely transferable. Axis bank provides you with a customized loan application process such that its suits any individual’s requirements. Afinoz.com have an exclusive tie-up with Axis bank. Therefore applying for an Axis bank business loan through Afinoz.com makes the process of application and approval of loans from Axis bank much easier and quicker. By availing the benefits of Axis bank business loans through Afinoz.com, business owners can achieve their dreams of business expansion.
Afinoz.com is India's foremost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, convenient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at email@example.com. Afinoz.com provides solutions which are quick, reliable, transparent, confidential and above all free.
Axis Bank has attractive benefits from quick approval of loans, to attractive interest rates along with longer loan tenures. Quantum of business loans offered by Axis bank customers depends on a lot of factors (profits generated by the business in the last 3 years, amount of tax paid and occurring in ITR filed over the past 2-3 years, credit history etc.) including their requirements and repayment history. Here are some features and benefits of Axis bank business loan:
Axis Bank business loan eligibility and Axis Bank business loan interest rates can easily be evaluated through and seen on Afinoz’s website. If there is any query about Axis Bank business loan application, you can log on to afinoz.com or give us a call at +918795021552 or mail us at firstname.lastname@example.org and get all the solutions at one go.
Any Indian citizen having his own business and having residual income and the ability to repay the loan is eligible for Axis Bank business loans. Other parameters that a loan seeker must satisfy in order to be eligible for getting a business loan for their business are mentioned below:
Business loan entails the simplest form of documents which can vary slightly for different types of companies like self-employed individual proprietorship firms, private limited companies, and partnership firms. Thus, for obtaining the maximum amount of loan, a borrower should produce the documents according to their business profiles as follows:
Documents for Self-employed Proprietorship Companies
Documents for Private Ltd. Companies
Documents for Partnership Firms
17% ( Up to 50 lakhs )
22% ( Above 50 lakhs )
|Loan tenure||1 TO 5YEARS|
Upto2.00% of the total loan amount + Service Tax
Subject to a minimum of Rs 1000 and maximum of Rs.6000
|Prepayment||No prepayment permitted until the repayment of minimum 6 months EMI|
|Prepayment charges||5% of the Principal Outstanding + GST|
|No Dues Certificate/ No Objection Certificate(NOC)||Rs. 150 + Service Tax|
|Penal Interest||2 % per month on overdue installment amount|
Special Note: Rates are subject to periodic change. Business loan interest rates in Axis Bank & other fees and charges are subject to regular review and can vary from customer to customer depending upon a number of factors ranging from credit score, to existing loans, amount of savings, company with which you are currently employed, number of years of relationship with Axis bank etc.
Afinoz.com is India's leading personalized financial marketplace. We have created a business loan platform which lets you choose the best business loan that meets your requirements from the multiple options that are available to you.
Axis Bank has an exclusive tie-up with afinoz.com. If you are looking for a business loan then you can simply log on to Afinoz.com to check your business loan eligibility and apply for a loan.
Business owners can apply for a loan in Axis bank through Afinoz.com in the following three simple steps:
At each step of the application process, Afinoz.com allows it's applicant to keep track of the status of their application in real-time via SMS as well as through emails. Due to such simplified and fast processing, Afinoz.com has become the most popular option for many business owners.
Query- Can I repay the business loan early?
Reply-Yes, you can pre-pay your business loan after a period of 6 months or repayment of 6 EMIs whichever is earlier or as per the terms and conditions stated by Axis bank. In case you want to prepay your loan before 6 months, a small prepayment fee will be charged by the bank.
Query- How much time will it take to get the loan disbursed?
Reply-Once you fill in and submit the application form online on Afinoz.com, the bank will take 2-3 business days to process and disburse the business loan amount. The sole approval of the loan depends exclusively on the bank.
Query-How can I find out if I am eligible for the Axis bank business loan?
Reply- Afinoz.com provides you with an eligibility calculator called business loan eligibility calculator which you can use to determine your eligibility for the loan. It will also tell you the amount up to which you can avail this loan.
Query-What is the maximum amount of business loan that I can avail?
Reply- Axis bank provides a minimum amount of Rs. 1,00,000 (Rs. one Lac) up to the maximum amount of Rs. 50,00,000 (Rs 50 Lac) as per your needs and your eligibility.
Query-Do I need to provide any security for availing business loan from Axis bank?
Reply- No security is needed while applying for a business loan from Axis bank
Query-What is the maximum and minimum loan tenure for a business loan from Axis bank?
Reply- You can avail a business loan from Axis Bank for a period of 1 to 5 years.
Query-Will my information be safe online?
Reply-Afinoz.com is India’s most committed financial platforms which does not share any of its client data with third-parties other than the concerned financial institutions. All the data is sent online in an encrypted format making it safe and secure at all times.
Query- How do I repay my Axis bank business loan?
Reply-You can repay your loan in EMIs (Equated Monthly Instalments) in the form of post-dated cheques or if you have an account with the Axis bank, then by opting for direct debit from your bank account on the due dates.
Query- How can I track my loan application process?
Reply-You can log onto our website www.afinoz.com with the unique transaction ID provided to you at the time of signup and track your application. You can also track your application process through your registered mobile number and email-ID in real-time.
Query- What is the basis on which the loan limit is decided by Axis bank?
Reply-Loan amount is mainly decided based on your annual income/earnings and your credit history.
Query-What are the interest rates offered by Axis bank for a business loan?
Reply-Axis bank business loan interest rates currently range from 17% to 22% for partnership/ sole Proprietorship firms.
For any query about Axis Bank business loan application, you can log on to afinoz.com or give us a call at +918795021552or mail us email@example.com.