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Features of Axis Bank Business Loans

  • Loan Amount:
    Unsecured Loans: Range from ₹50,000 to ₹75 lakh, ideal for businesses without collateral.
    Secured Loans: Up to ₹20 crore, depending on the business profile and collateral provided.
    Nano Business Loans: Designed for micro-entrepreneurs and small businesses for expansion or asset acquisition.
    Instant Business Loans: Up to ₹25 lakh for pre-approved customers with a 24/7 digital lending program.
    MSME Loans: Range from ₹10.1 lakh to ₹5 crore for working capital, capital expenditure, or non-fund-based needs.
  • Collateral-Free Options:
    Unsecured business loans require no collateral or security.
    Collateral-free loans are available under schemes like CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises).
    Secured loans accept assets like residential/commercial properties, fixed deposits, or industrial equipment as collateral.
  • Competitive Interest Rates:
    Floating Rates: Linked to the repo rate, ranging from 9% to 17.75% per annum, with resets every three months.
    Fixed Rates: Range from 14.25% to 20% per annum, offering stability throughout the loan tenure.
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    • Flexible Repayment Tenure: Unsecured loans: 6 to 36 months, with options for monthly or bi-weekly EMIs.
      Secured loans: Up to 15 years, suitable for long-term investments like machinery or property purchase.
      Instant Business Loans: Up to 48 months, adjustable based on business needs.
      Moratorium periods (up to 6 months) available for specific loans like Medical or Industrial Equipment Loans.
    • Minimal Documentation: Requires basic documents like identity/address proof, business registration certificates, GST certificate, ITR, profit/loss statements, and bank statements for the last 1-2 years.
      For doctors, additional documents include medical qualifications (e.g., MBBS, MDS) and practice licenses.
      Instant Business Loans via the 24/7 digital lending program may not require physical documents for pre-approved customers.
    • Quick Approval and Disbursal: Online application process with rapid approval, often within 2-3 business days for eligible applicants.
      MSME loans are disbursed within 2 working days if all conditions are met.
      24/7 Business Loans for pre-qualified customers offer instant credit through Axis Mobile or Internet Banking.
    • Customized Loan Variants: MSME Samriddhi Loan: For working capital, capital expenditure, or non-fund-based needs, with loan amounts from ₹10.1 lakh to ₹5 crore.
      MSME Samriddhi Lite: Offers cash credit and overdraft facilities (₹10.1 lakh to ₹35 lakh).
      Merchant Loan Overdraft: Collateral-free overdraft based on average monthly swipes through Axis Bank terminals (₹5 lakh to ₹50 lakh).
      Medical Equipment Loan: For doctors to purchase equipment or expand clinics, with a moratorium of up to 6 months.
      Industrial Equipment Loan: For manufacturers to fund equipment purchases, with similar moratorium options.
      Nano Business Loans: For micro-entrepreneurs in retail, manufacturing, or service industries.
      Mudra Loans: Up to ₹10 lakh for income-generating micro-enterprises.
      SME Plus: Customized for SMEs with turnovers up to ₹250 crore, offering term loans or working capital.
      24/7 Quick OD: Unsecured overdraft facility for immediate cash flow needs.
      Agri Traders and Processors Loan: For agricultural businesses, covering working capital and capital expenditure.
    • No Hidden Costs: Transparent fee structure with a processing fee of 0.25% to 3% of the loan amount, depending on the scheme.
      No prepayment penalties for certain unsecured loans.
      Additional charges (e.g., for late EMI payments) include 2% per annum on overdue amounts.
    • Flexible Usage: Funds can be used for working capital, business expansion, purchasing machinery/property, upgrading technology, managing cash flow, or meeting short-term operational needs like vendor payments or inventory stocking.
      Specific loans support greenfield projects or refurbishing business premises.
    • Digital Banking Support: Apply through Axis Mobile, Internet Banking, or the official website for seamless processing.
      Business Loan EMI Calculator available to estimate monthly repayments and plan finances.
    • Pre-Approved Offers: Pre-qualified Axis Bank customers can access 24/7 Business Loans or Instant Business Loans with pre-approved limits up to ₹25 lakh, ensuring quick fund access without extensive paperwork.
    • Support for Diverse Business Entities: Eligible applicants include private/unlisted public limited companies, trusts, societies (for educational institutes/hospitals), self-employed professionals (e.g., doctors, CAs, architects), manufacturers, traders, and retailers.
      MSME registration is mandatory for certain schemes to avail government benefits.
    • Excess Payment Flexibility: Excess payments are adjusted based on specific criteria:
      Greater than EMI: Adjusted toward principal if no part-payment request is made within 2 days.
      Equal to EMI: Refunded to the operative account if no instructions are received on the same day.
      Less than EMI: Held for 15 days, then adjusted toward principal.
      Equal to or greater than foreclosure amount: Loan account may be closed proactively, with excess funds credited back.
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Benefits of Business Loans

  • Access to Capital for Growth: Funds can be used for business expansion, purchasing machinery, upgrading technology, or acquiring property, enabling businesses to scale operations or enter new markets.
  • Collateral-Free Financing: Unsecured loans up to ₹75 lakh require no collateral, making them accessible for small businesses, startups, or professionals like doctors and CAs who may lack assets to pledge.
  • Flexible Loan Amounts and Tenures: Loan amounts range from ₹50,000 to ₹20 crore, catering to diverse needs (e.g., working capital, equipment purchase, or large-scale projects). Repayment tenures from 6 months to 15 years offer flexibility to align with cash flow and business goals.
  • Competitive and Transparent Rates: Floating rates (9%–17.75%) and fixed rates (14.25%–20%) provide cost-effective borrowing options. Transparent fee structure with processing fees (0.25%–3%) and no hidden costs ensures clarity.
    • Quick Approval and Disbursal: Online applications and minimal documentation enable approvals within 2–3 days, with instant disbursals for pre-approved customers via 24/7 digital lending programs.
    • Cash Flow Management: Loans stabilize cash flow by covering operational expenses like inventory, vendor payments, or unexpected costs, preventing disruptions during lean periods.
    • Customized Loan Products: Tailored offerings like MSME Samriddhi, Nano Business Loans, Medical Equipment Loans, and Merchant Loan Overdrafts address specific needs of diverse businesses.
    • No Prepayment Penalties: Certain unsecured loans allow early repayment without penalties, reducing overall interest costs for businesses with surplus funds.
    • Credit Score Improvement: Timely EMI repayments enhance the business’s credit score, improving eligibility for future financing at better terms.
    • Digital Convenience: Apply through Axis Mobile, Internet Banking, or the website for a seamless process. Tools like the Business Loan EMI Calculator help plan repayments effectively.
    • Moratorium Periods: Up to 6 months for specific loans (e.g., Medical or Industrial Equipment Loans), allowing businesses to defer repayments during initial setup or investment phases.
    • Support for Diverse Entities: Eligible for private companies, trusts, societies, self-employed professionals, and MSMEs, ensuring broad accessibility.
    • Government Scheme Benefits: Collateral-free loans under CGTMSE or Mudra schemes provide additional support and lower risk for small businesses.
    • Doorstep Services: Available for certain loans (e.g., Business Loans for Doctors), offering convenience for busy professionals.
    • Boost Operational Efficiency: Funds enable investment in technology, infrastructure, or skilled staff, improving productivity and competitiveness.
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How to Apply for an Axis Bank Business Loan

  • 1. Online Application
    • Step 1: Visit the Official Website or App
      Go to Axis Bank’s Business Loan page or use the Axis Mobile App/Internet Banking platform. For pre-approved 24/7 Business Loans, log in to Axis Mobile or Internet Banking to check eligibility.
    • Step 2: Check Eligibility
      Review the eligibility criteria for the desired loan (e.g., MSME Samriddhi, Nano Business Loan, Medical Equipment Loan). Common requirements include:
      • Business vintage: Minimum 2–3 years
      • Turnover: Varies by loan type (e.g., ₹30 lakh+ for some MSME loans)
      • Credit score: Preferably 750+
      • Entity type: Proprietorship, partnership, private limited company, trust, society, or self-employed professional
      Use the online eligibility calculator (if available) to assess loan amount and terms.
    • Step 3: Fill the Application Form
      Select the desired business loan product (e.g., Instant Business Loan, Merchant Loan Overdraft) and enter personal and business details including:
      • Name, contact information, and PAN
      • Business registration details (e.g., GSTIN, Udyam Registration for MSMEs)
      • Loan amount and purpose (e.g., working capital, equipment purchase)
      For pre-approved loans, minimal details may be required.
    • Step 4: Upload Documents
      Upload scanned copies of required documents. For pre-approved customers, documentation may be minimal or not required.
    • Step 5: Submit and Track Application
      Review and submit the application. Receive an application reference number to track status via the website, app, or customer care (1-860-419-5555). Pre-approved 24/7 Business Loans may be disbursed instantly.
    • Step 6: Verification and Disbursal
      The bank verifies your details and documents. Upon approval (typically within 2–3 days), the loan is disbursed to your Axis Bank or designated account.
  • 2. Offline Application
    • Step 1: Visit an Axis Bank Branch
      Locate the nearest Axis Bank branch using the branch locator on their website and schedule an appointment with a loan officer.
    • Step 2: Discuss Loan Requirements
      Explain your business needs. The officer will recommend suitable products and explain eligibility.
    • Step 3: Complete the Application Form
      Fill out the physical application form with business, financial, and loan requirement details.
    • Step 4: Submit Documents
      Submit hard copies of required documents. For secured loans, include collateral documents.
    • Step 5: Verification and Approval
      The bank may conduct a site visit or collateral assessment. Approval typically takes 2–7 working days.
    • Step 6: Loan Disbursement
      Upon approval, sign the loan agreement and receive disbursement.
  • 3. Through Phone Banking (For Pre-Approved Offers)
    • Inquire about pre-approved business loan offers like 24/7 Quick OD or Instant Business Loans.
    • Follow instructions to confirm eligibility and complete the process digitally.

Eligibility Criteria for Axis Bank Business Loans

  • Applicant Age:
    • Minimum: 21 years at the time of application.
    • Maximum: 65 years at the time of loan maturity (may vary for specific schemes).
  • Business Vintage:
    • Minimum 2–3 years of continuous business operations, depending on the loan product.
    • Some loans (e.g., Nano Business Loans, Mudra Loans) may have relaxed vintage requirements for micro-entrepreneurs.
  • Business Entity:
    • Eligible entities include: Sole Proprietorships, Partnerships, Private Limited Companies (unlisted), Public Limited Companies (unlisted), Trusts and Societies.
    • Self-Employed Professionals (e.g., doctors, chartered accountants, architects, lawyers).
    • MSME registration (Udyam Registration) is mandatory for MSME-specific loans.
  • Credit Score:
    • Preferably 750 or above for unsecured loans to ensure better approval chances and lower interest rates.
    • A lower score may be considered for secured loans, subject to collateral strength and financial stability.
  • Business Turnover:
    • Varies by loan type: MSME Samriddhi Loan requires minimum annual turnover of ₹30 lakh (indicative).
    • SME Plus: For businesses with turnover up to ₹250 crore.
    • Nano Business Loans/Mudra Loans: Lower turnover requirements for micro-enterprises.
    • Merchant Loan Overdraft: Based on average monthly swipes through Axis Bank EDC terminals.
  • Nationality and Residency:
    • Applicant must be a resident Indian or a registered business entity operating in India.
    • Non-Resident Indians (NRIs) are generally not eligible unless specified.
  • Banking Relationship:
    • Existing Axis Bank customers may have an advantage, especially for pre-approved offers.
    • For Merchant Loan Overdraft, applicants must use Axis Bank EDC terminals for card transactions.
  • Specific Eligibility Criteria by Loan Type:
    • Unsecured Business Loans (Up to ₹75 Lakh): Suitable for small businesses, professionals, and startups. Minimum 2–3 years of business operations. Strong cash flow preferred.
    • Secured Business Loans (Up to ₹20 Crore): Requires collateral. Suitable for capital-intensive projects. Minimum 3 years of business vintage.
    • MSME Samriddhi Loan: Turnover of ₹30 lakh and 2–3 years of operations. Requires Udyam Registration.
    • Merchant Loan Overdraft: For merchants using Axis EDC machines. Based on monthly card swipes.
    • Medical Equipment Loan: For doctors with valid registration and minimum 3 years of practice.
    • Industrial Equipment Loan: For machinery purchase. Minimum 3 years business vintage. Collateral may be required.
    • Nano Business Loans: For micro-entrepreneurs. Minimum 1–2 years of operations. Relaxed criteria.
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Documents Required for Axis Bank Business Loans

  • Application Form:
    - Duly filled and signed loan application form (available online or at Axis Bank branches).
    - Recent passport-size photographs of the applicant.
  • Identity Proof (Any one):
    - PAN card (mandatory for individuals and businesses).
    - Aadhaar card.
    - Passport.
    - Voter ID.
    - Driving license.
  • Address Proof (Any one):
    - Aadhaar card.
    - Passport.
    - Utility bill (electricity, water, or telephone bill, not older than 3 months).
    - Rental agreement.
    - Property tax receipt.
  • Business Proof (As applicable):
    - GST registration certificate.
    - Udyam Registration certificate (mandatory for MSME loans).
    - Shop and Establishment Act license.
    - Business registration certificate (for partnerships, private limited companies, etc.).
    - Memorandum and Articles of Association (for companies).
    - Trust deed or society registration certificate (for trusts/societies, e.g., hospitals or educational institutes).
  • Financial Documents:
    - Income Tax Returns (ITR) for the last 1–2 years (for business and applicant).
    - Profit and loss statement for the last 1–2 years (audited, if applicable).
    - Balance sheet for the last 1–2 years (for larger businesses or companies).
    - Bank statements for the last 6–12 months (from the primary business account).
    - GST returns (if applicable, for the last 6–12 months).
  • Proof of Business Continuity:
    - Documents showing business operations for at least 2–3 years (e.g., sales invoices, contracts, or bank statements).
    - For Nano Business Loans or Mudra Loans, proof of 1–2 years may suffice.
  • Ownership Proof (For Secured Loans):
    - Property documents or title deed.
    - No Encumbrance Certificate.
    - Latest property tax receipts.
  • Partnership/Company Documents:
    - Board resolution (for companies).
    - Partnership deed (for partnerships).
    - Authorized signatory list and ID proof.
  • Loan Repayment Track Record:
    - Existing loan account statements.
    - EMI payment receipts or records (if any).
  • Quotation/Invoice for Loan Purpose:
    - Quotation for machinery/equipment purchase.
    - Proforma invoice for asset purchase or expansion-related items.
  • Personal Net Worth Statement:
    - Declaration or detailed document showing personal assets and liabilities.
    - Useful especially for high-value or secured loans.
  • Proof of Insurance (if applicable):
    - Insurance policy documents for property, plant, or machinery offered as collateral.
    - Life or business continuity insurance policies (optional but beneficial).
  • Professional Qualification Certificates:
    - Applicable for loans to professionals (e.g., doctors, CAs, engineers).
    - Copies of degree or registration certificates from regulatory bodies.
  • Environmental Clearance or Industry-Specific Licenses:
    - Required for businesses in sectors like manufacturing, food processing, or chemicals.
    - Includes pollution board approvals or safety certifications.
  • POS/EDC Machine Statement (If Applicable):
    - Last 6 months’ transaction report from point-of-sale terminals.
    - Helps assess sales trends and repayment ability for retail/trade businesses.
  • Letter of Declaration or Self-Declaration (If Required):
    - Declaration stating the purpose of the loan and accuracy of submitted information.
    - Required for some unsecured or self-employed applicant profiles.

Factors for Axis Bank Business Loans

  • Credit Score:
    - A credit score (e.g., CIBIL score) reflects the applicant’s creditworthiness. A score of 750 or above is preferred, especially for unsecured loans.
    - Higher scores improve approval chances and secure lower interest rates (e.g., 9%–14% vs. 15%–20%).
    - Lower scores may lead to rejection, higher rates, or a requirement for collateral.
  • Business Vintage:
    - The duration of business operations indicates stability and experience.
    - Minimum 2–3 years for most loans; 1–2 years for Nano Business Loans or Mudra Loans.
    - Longer vintage enhances eligibility for larger loans (e.g., up to ₹20 crore) and better terms. Newer businesses may be limited to smaller, collateral-free loans (e.g., up to ₹75 lakh).
  • Business Turnover:
    - Annual revenue or turnover demonstrates the business’s financial health and repayment capacity.
    - Varies by loan type: MSME loans require ₹30 lakh+ turnover (indicative), SME Plus loans can go up to ₹250 crore, while Nano/Mudra loans have lower thresholds.
    - Higher turnover supports larger loan amounts and better terms, while low turnover may restrict loan size or require collateral.
  • Financial Statements:
    - Documents like ITR, profit/loss statements, balance sheets, and bank statements show profitability, cash flow, and financial discipline.
    - Last 1–2 years’ financials, including GST returns for some loans.
    - Strong financials (consistent profits, healthy cash flow) increase approval odds and loan limits. Weak financials may lead to rejection or higher rates.
  • Debt-to-Income Ratio (DTI):
    - Measures existing debt obligations relative to income or revenue.
    - Lower DTI (e.g., below 40%) is preferred to ensure repayment capacity.
    - High DTI may result in smaller loans, higher rates, or rejection. The bank assesses total EMIs vs. monthly revenue.
  • Collateral (For Secured Loans):
    - Assets like property, fixed deposits, or equipment secure the loan, reducing the bank’s risk.
    - Mandatory for secured loans (up to ₹20 crore); not required for unsecured loans (up to ₹75 lakh).
    - Higher-value collateral supports larger loans and lower rates. Collateral valuation (1.5–2x loan amount) affects approval.
  • Business Profile and Industry:
    - The nature, industry, and stability of the business influence risk assessment.
    - Eligible industries include manufacturing, trading, services, retail, agriculture, and professionals (e.g., doctors, CAs).
    - Stable, high-growth industries (e.g., healthcare, IT) may secure better terms. Risky or volatile sectors may face stricter scrutiny.
  • Loan Purpose:
    - The intended use of funds (e.g., working capital, equipment purchase, expansion) affects approval and terms.
    - Must align with loan type (e.g., Medical Equipment Loan for doctors, Industrial Equipment Loan for manufacturers).
    - Clear, viable purposes (e.g., revenue-generating projects) improve approval odds. Vague or speculative purposes may be rejected.
  • Repayment Capacity:
    - The ability to repay EMIs based on cash flow and existing obligations.
    - Assessed via financial statements, bank statements, and DTI.
    - Strong repayment capacity supports higher loan amounts and longer tenures (up to 15 years). Weak capacity may limit tenure or amount.
  • Banking Relationship with Axis Bank:
    - An existing relationship (e.g., current account, EDC terminal usage) can expedite approval.
    - Not mandatory but beneficial for pre-approved offers (e.g., 24/7 Business Loans).
    - Strong banking history may lead to instant disbursals, higher limits (e.g., up to ₹25 lakh), or relaxed criteria.
  • Market and Economic Conditions:
    - External factors like interest rate trends, industry outlook, or economic stability influence terms.
    - Favorable conditions may lower rates (e.g., 9% floating rate). Adverse conditions may increase rates or tighten criteria.
  • Government Schemes:
    - Loans under CGTMSE or Mudra schemes have specific criteria and benefits (e.g., collateral-free up to ₹2 crore for CGTMSE).

Frequently Asked Questions (FAQs)

What types of business loans does Axis Bank offer?
Axis Bank offers a range of business loans, including:
• Unsecured Business Loans (up to ₹75 lakh).
• Secured Business Loans (up to ₹20 crore).
• MSME Samriddhi Loan/Lite (₹10.1 lakh to ₹5 crore).
• Merchant Loan Overdraft (₹5 lakh to ₹50 lakh).
• Medical Equipment Loan (for doctors).
• Industrial Equipment Loan (for manufacturers).
• Nano Business Loans (for micro-entrepreneurs).
• Mudra Loans (up to ₹10 lakh).
• Agri Traders and Processors Loan.
• 24/7 Business Loans/Instant Business Loans (up to ₹25 lakh for pre-approved customers).
Who is eligible for an Axis Bank business loan?
Eligibility depends on the loan type but generally includes:
• Age: 21–65 years at loan maturity.
• Business Vintage: Minimum 2–3 years (1–2 years for Nano/Mudra loans).
• Entity: Sole proprietorships, partnerships, private/unlisted public limited companies, trusts, societies, or self-employed professionals (e.g., doctors, CAs).
• Credit Score: Preferably 750+ for unsecured loans.
• Turnover: Varies (e.g., ₹30 lakh+ for MSME loans, lower for micro-enterprises).
• Specific Requirements: Udyam Registration for MSME loans, medical qualifications for doctors, or EDC terminal usage for Merchant Loan Overdraft.
What documents are required to apply for a business loan?
Common documents include:
• Identity Proof: PAN, Aadhaar, passport, or voter ID.
• Address Proof: Aadhaar, utility bill, or rental agreement.
• Business Proof: GST certificate, Udyam Registration, Shop Act license, or company registration.
• Financials: ITR, profit/loss statement, balance sheet (1–2 years), bank statements (6–12 months).
• For Secured Loans: Property documents, FD certificates, or equipment invoices.
• For Professionals: Medical degrees, practice licenses (e.g., for doctors).
• Pre-approved customers may need minimal or no documents.
Do I need collateral to get an Axis Bank business loan?
• Unsecured Loans: No collateral required (e.g., up to ₹75 lakh for general loans, ₹50 lakh for Merchant Loan Overdraft).
• Secured Loans: Collateral (e.g., property, fixed deposits, equipment) is mandatory for loans up to ₹20 crore.
• Government Schemes: Collateral-free options available under CGTMSE or Mudra for Policyholders (up to ₹2 crore for CGTMSE).
What are the interest rates for Axis Bank business loans?
• Floating Rates: 9%–17.75% per annum, linked to the repo rate, reset every three months.
• Fixed Rates: 14.25%–20% per annum.
• Rates depend on credit score, business profile, loan type, and collateral. For example, a ₹10 lakh loan at 12.5% for 5 years has an EMI of ₹22,498.
What is the loan amount and repayment tenure?
• Loan Amount: ₹50,000 to ₹20 crore, depending on the loan type (e.g., ₹25 lakh for Instant Business Loans, ₹5 crore for MSME loans).
• Tenure:
• Unsecured loans: 6–36 months.
• Secured loans: Up to 15 years.
• Instant Business Loans: Up to 48 months.
• Moratorium periods (up to 6 months) available for specific loans like Medical Equipment Loans.
How long does it take to get a business loan approved?
• Pre-Approved Loans: Instant or same-day disbursal (e.g., 24/7 Business Loans).
• Unsecured Loans: 2–3 working days, subject to verification.
• Secured/MSME Loans: 2–7 working days, depending on collateral assessment and documentation.
How can I apply for an Axis Bank business loan?
• Online: Through the Axis Bank website, Axis Mobile App, or Internet Banking (instant for pre-approved offers).
• Offline: Visit an Axis Bank branch, submit the application form and documents, and consult a loan officer.
• Phone Banking: Call 1-860-419-5555 to check pre-approved offers and initiate the process.
What can I use the business loan for?
Funds can be used for:
• Working capital (e.g., inventory, vendor payments).
• Business expansion (e.g., new outlets, markets).
• Purchasing equipment, machinery, or property.
• Upgrading technology or infrastructure.
• Managing cash flow or unexpected expenses.
• Specific loans (e.g., Medical Equipment Loan) are restricted to designated purposes.
Are there any fees or charges for the loan?
• Processing Fee: 0.25%–3% of the loan amount, depending on the loan type.
• Late Payment Fee: 2% per annum on overdue EMI amounts.
• Prepayment Penalty: None for certain unsecured loans; varies for secured loans.
• Other Charges: May include legal fees, collateral valuation fees, or stamp duty (for secured loans).
• All charges are transparently disclosed in the loan agreement.
Can I prepay or foreclose the loan?
• Prepayment: Allowed for most loans, with no penalty for certain unsecured loans. Partial prepayments may reduce tenure or EMI.
• Foreclosure: Possible with excess payments equal to or exceeding the outstanding amount. Excess funds are refunded or adjusted per bank rules.
• Process: Notify the bank in writing; charges may apply for secured loans.
What happens if I miss an EMI payment?
• A late payment fee of 2% per annum is charged on the overdue amount.
• Missed payments may negatively impact your credit score, affecting future loan eligibility.
• Persistent defaults could lead to legal action or collateral seizure (for secured loans).
Are there pre-approved business loan offers?
Yes, existing Axis Bank customers with a strong banking relationship (e.g., current account, EDC terminal usage) may qualify for:
• 24/7 Business Loans: Up to ₹25 lakh, instant disbursal via Axis Mobile/Internet Banking.
• Instant Business Loans: Up to ₹25 lakh with minimal documentation.
• Check eligibility by logging into Axis Mobile.
Can I use a business loan to improve my credit score?
Yes, timely EMI repayments can enhance your credit score, improving eligibility for future loans at better rates. However, missed payments can harm your score.
Are there any government-backed business loans?
Yes, Axis Bank offers:
• CGTMSE Loans: Collateral-free up to ₹2 crore for MSMEs, with government-backed guarantees.
• Mudra Loans: Up to ₹10 lakh for micro-enterprises under the Pradhan Mantri Mudra Yojana (PMMY).
• Applicants must meet scheme-specific criteria (e.g., Udyam Registration for CGTMSE).

List of Axis Bank Business Loans

  • Axis Bank Unsecured Business Loans
  • Axis Bank Secured Business Loans
  • Axis Bank MSME Samriddhi Loan
  • Axis Bank MSME Samriddhi Lite
  • Axis Bank Merchant Loan Overdraft
  • Axis Bank Medical Equipment Loan
  • Axis Bank Industrial Equipment Loan
  • Axis Bank Nano Business Loans
  • Axis Bank Mudra Loans
  • Axis Bank Agri Traders and Processors Loan
  • Axis Bank 24/7 Business Loans
  • Axis Bank Instant Business Loans
  • Axis Bank SME Plus