Axis Bank Business Loan
Every company has the vision of becoming huge in their respective fields. The desire of assisting the customer in their chosen area while also developing into distinct paths is what every firm desire for. In such situations, high amounts of funds are required to sustain the increasing demands of the industry or for grabbing new opportunities. Axis Bank is the third highest private bank in the country providing various loans and funds to the customer. Therefore, to the applicants who want to take up loan for fulfilling their dream can choose Axis Bank as their priority. Axis Bank grants leading business loan alternatives to people such as collateral free loans, low-interest rates, tenure option, etc. Business loans issued by Axis Bank range from Rs.5 lakh to 1 crore. It guarantees that candidates have the versatility to borrow as per their necessity.
WHY TAKE AXIS BANK BUSINESS LOAN AS YOUR FIRST CHOICE?
- No collateral fees
- Loans up to Rs.50 Lakh
- Competing for pricing
- Balance Transfer facility extended with extra finance
- Doorstep ability
- Minimum paperwork
- Easy repayment options
- low-interest rates
- No hidden charges
- Disbursal of funds within two days
Axis Bank Business Loan Interest Rate
Loan Amount
Starting From Rs. 50,000 up to Rs. 25 lakhs
Interest Rate |
10.99% - 20.00% |
Loan Tenure |
12 to 60 months |
Processing Fee |
2.50%, Minimum Rs. 1,000 Maximum Rs. 25,000 |
Foreclosure Charges |
Allowed after 12 EMIs, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2% |
Age |
21 years up to 60 years |
FEATURES INVOLVING THE BUSINESS LOANS AT AXIS BANK
EASY REPAYMENT TENURE
The user can decide the repayment tenure on the source of the income as the user can continue the loan tenure up to 60 months.
LESS LOAN PROCESSING FEE
Axis Bank imposes a very low loan processing charges which encourage the user to get a loan without making any additional costs.
COMFORTABLE CASH FLOW
Axis Bank offers structured investment resolution for project funding, real estate property, support and other corporate goals. The Business Loans are structured to improve the profit by listing the repayment of interest in such a manner that it matches with the cash flow available.
SECURE DOCUMENTATION
The Data required for the approval of Axis Bank Business Loan quite a necessary one. The best part is the documentation process which is conducted online. It makes the entire process paperless and straightforward.
NO ADDITIONAL CHARGES
The candidate who opts for Axis bank encounters with no hidden fees. The bank provides collateral-free loans to all their applicants. The applicants who wish to seek investment need no security regards to the placement.
CHECK ELIGIBILITY WITH EMI CALCULATOR
Calculate EMI (Easy monthly Installments) for a particular loan at lower interest rates with the assistant of EMI calculator. Convert loan amount into simple easy EMIs hassle free. Axis Bank provides this feature for easy access to loan amount to the user
SCOST TENURE
The payment tenure allows the user for the installment of the loan is 12 months to 60 months. Thus, the candidate availing the Axis Bank Business loan can choose any tenure for payment. The credit should be repaid within the maximum allowable tenure of 5 years.
SPECIAL OFFERS FOR WOMEN APPLICANTS
With its Business Loan offer, Axis Bank offers a particular loan method and plan for women employees. 100+ Diva presents availability for working women to conquer their needs and objects. They can take a pre-approved Business Loan of up to Rs. 3 lakh. The process to avail this offer is straightforward - the user needs to suggest the bank through a call or email.
Axis Bank Business Loan Fees & Charges
| Loan Processing Fees | Up to 2.50% of loan amount, Rs 1,000 to 25,000 |
|---|---|
| Pre-payment Charges | 4% of principal outstanding - 13 to 24 months, 3% of principal outstanding – 25 to 36 months 2% of principal outstanding - >36 months |
| Penalty for late EMI payment | 24% per year on outstanding amount From default date |
ELIGIBILITY CRITERIA NEEDED FOR BUSINESS LOAN AT AXIS BANK
Age of the candidate should be 21 - 60 years.
Business should have a year experience of at least three years.
Business should contain IT delivers filed for at least 3 years
Business candidates should be visiting in the city for at least one Year
The company should have all firm reports adhering to the state laws
The candidate would need essential documentation such as the address proof, identity proof, latest bank statements, etc
Business Financials which require the overall turnover and profit after taxes are available.
DOCUMENTATION COMPULSORY FOR BUSINESS LOAN IN AXIS BANK
Income Documents which includes salaried individual having latest of at least three years Pay slip, six months’ salary account bank statement and, Latest year for 16. It also involves self-employed candidate having latest of 2 years ITR, Financial Documents and, 6 months company primary account statement.
Pan card, secondary ID proof and passport size photo, proof of employment and business continuity.
Property Documents which includes under construction property like allotment letter, proof of booking amount paid and payment schedule
Two-year financials aspects including profit and loss statement and balance sheet
Documents related to the establishment of entity, identity and address proof documents
REASONS TO APPLY FOR AXIS BUSINESS LOANS AT RUPEESTATION
PERSONALISED LOAN OFFERS
At Rupee Station, the user can get personalized loan proposals and best opportunities at the affordable rate of interest. This is due to a tie-up with Axis Bank, which assists the user to get the best deal on the Business Loan as per the profile.
QUICK APPROVAL
The user will get quick approval on the Business Loan after they fill in a secure online application form. It only takes up 36 seconds to fill the form.
EASY DOCUMENTATION
Paperwork can be a discomfort sometimes. If the applicants have the option to dodge paperwork, then they would happily do it. Therefore, Rupee station doesn't believe in extensive documentation and hence tries to make the work easy for the applicants.
DISBURSAL OF FUNDS WITHIN TWO DAYS
We understand that importance of funds needed to the applicant hence at Rupee Station the user can get the funds within two working days after the documents are verified and approved by the bank
24/7 HELPLINE SERVICE
Rupee Station has a dedicated customer team and helpline which is forever ready to assist with any grievances or questions from loan applicants.
STEPS TO APPLY FOR AXIS BUSINESS LOANS AT RUPEESTATION?
Step 1
Fill up the form which is available online on the website
Step 2
The application which is received by us would be reviewed, and then the approval is sent to the applicant
Step 3
The cash is transferred to the applicant's account within three working days
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