Axis Bank Business Loan

Being coined as the third largest private sector bank in India, Axis Bank covers an entire spectrum of the financial services to the customer segments focusing on Large and Mid-Corporates, Retail Businesses and Agriculture and MSME. There Axis Bank has around 2402 domestic branches and 12,922 ATM’s.

Be it meeting the working capital requirement of your business or venturing into lucrative financial avenues, business loans helps create the much needed development in your business. Business Loan helps in dealing with the day to day business. At LoanStreet, you can apply for BUSINESS LOAN online and get a prompt approval with assured satisfaction.

Minimum Threshold For Axis Business Loan Eligibility
  1. At least 24 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application Of Axis Business Loan

Generally all lenders follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self-Attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Cheque of Processing Fee
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  1. Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  2. PAN Card of the company
  3. Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  4. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  5. Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  6. Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  7. Partnership deed
  8. Existing Loans’ Sanction letters accompanied with repayment track
  9. Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Axis Business Loan Interest Rate
Rate of Interest 18 % to 22 %
Loan Tenure 1 year to 5 years
Processing Fees 1% of the loan amount + Service tax as applicable
Foreclosure charges 2% - 3 % of the loan amount + Service tax as applicable
Unique Features of Axis Business Loan
  • High level of transparency when it comes to informing the customers about the various fees involved in loan inquiry.
  • Attractive rate of interest.
  • A prompt and complete hassle free loan approval facilitating faster processing.
  • Flexible repayment option.