Axis Bank Business Loan
Axis Bank is a popular private sector bank in India. The business loan in Axis Bank is specially designed credit facility based on EMI and free of collateral security requirement. If you make use of this scheme for expenses related to the business, you would be eligible for the added advantages and facilities as well. These types of business loan facilities offer you finance options ranging from medium to long periods for your varied business requirements, be it a start-up or an existing business. At loanbaba, you can check Axis Bank business loan eligibility and Axis Bank EMI calculator for free.
Axis Bank Business Loan Interest Rate and Other Details
Loanbaba.com provides all the information regarding Axis Bank Business Loan. Loan amount ranges from Rs. 50 thousand to Rs. 15 lakhs only. Added facilities guaranteed are speedy loan sanctioning and minimum paperwork. Amount for repayment is determined by the credit period, money lent and rate of interest. The percentage of interest charged depends on the bank’s discretion after judging the borrower’s credit history, income, business turnover and profit etc.
Business Loan Axis Bank Eligibility Required:
Age: Maximum 65 years and minimum 21 years
Vintage of business: At least 3 years
Turnover: Between Rs. 30 lakhs and Rs. 10 crore
Axis Bank Business Loan Can Be Taken By the Following
Societies, trusts and organizations regarding hospitals or academic institutions.
Public limited companies those are unlisted.
Private limited companies
Partnership type with limited liability
Individuals possessing business registration.
Documents Needed for Business Loan in Axis Bank:
Basic documents for identity, age and residence proof.
Guarantor or Co applicant or form 60 provided for all applicants or PAN card.
ITR of the last two years
Under IT Act, profit percentage used for loan repayment is exempted. It’s applicable to small business holdings taking business loan from banks.
Special Benefits of Business Loans Offered by the Axis Bank
You can focus on important business requirements without having to worry about securing finance, since the bank disburses loan at the earliest.
Business loan from Axis bank allows you to have capital investment without disturbing your savings money.
The repayment term for loan is flexible, thus you can repay easily without worries