Axis Bank Business Loan

Axis Bank Business Loan Highlights

Axis Bank offers different business loan options for shopkeepers, small firms, and growing companies. Borrowers can apply for unsecured loans, MSME loans, or pre-approved digital loans. Applications can be made online, and many loans are processed quickly. Collateral is not needed for unsecured loans, while higher amounts are available through secured facilities. The loans are flexible and can be used for varied business needs.

Features and Benefits of Axis Bank Business Loan

Axis Bank offers a range of loan options suitable for shopkeepers, medium-sized businesses, and expanding firms. The focus is simple: give money when it’s needed without prolonging the process. Most of it is handled online, and the paperwork is lighter compared to a traditional loan.

• You can apply straight from the website. No branch visits or long queues. Just a form and a few details.
• Loans of up to ₹75 lakh are possible without putting property at risk. That helps owners who don’t want to lock up assets.
• Some pre-approved loans stay open all the time. If you’re eligible, money is credited quickly, sometimes the same day.
• Axis also offers products designed explicitly for MSMEs. These are designed for smaller businesses that often struggle with managing their working capital.
• Repayment is not one-size-fits-all. Borrowers can choose a plan that aligns with their cash flow, rather than a rigid structure.
• In urgent cases, funds move faster. That means suppliers can be paid or stock purchased without waiting for weeks.

What is the Eligibility Criteria for Axis Bank Business Loan?

Axis Bank has established specific criteria that applicants must meet to apply for a business loan. The basic requirements are:

What are the Factors Affecting Axis Bank Business Loan Eligibility?

Basic rules matter, but they are not enough. The bank looks into a borrower’s financial situation more thoroughly before granting a loan.

• A credit record is the first thing to consider. If someone has missed payments in the past, it lowers trust. Steady repayment history works in favour.
• The nature of the business also plays a role. A shop or service that generates a regular income appears safer than one with a patchy cash flow.
• The movement of money in the account is also checked. Healthy inflows and outflows show the business can handle repayments.
• Some industries are marked as risky. If the applicant falls in one of these categories, approval may take longer or the terms may be tighter.
• Lastly, if the borrower already has multiple loans, the bank may be cautious about adding more debt.

What are the Types of Axis Bank Business Loans?

Axis Bank does not adhere to a single loan product. It comes in various formats, each designed for a specific stage of business. A small trader may need working cash, while a mid-sized firm might want funds for expansion. Here are the main choices:

• Unsecured Business Loan: This is a simple term loan that ranges from ₹75 lakh. No property is pledged. Many shop owners and service providers pick this option because it feels less risky.
• Instant Business Loan: Some customers already get pre-approved offers. These loans are digital and can be tapped at any hour. If you qualify, the money appears quickly, often without requiring back-and-forth checks.
• MSME Loan: Axis offers schemes specifically designed for micro, small, and medium enterprises. These loans may be backed by government support, such as CGTMSE. They are often used by smaller firms that struggle to show heavy collateral.
• Working Capital / Overdraft: For businesses with fluctuating cash flows, Axis offers overdraft protection. Interest is charged only on the money actually used, making it a more effective alternative to a fixed loan for day-to-day expenses.
• SME Plus Loan: This one is bigger in scale. Firms with higher turnover can borrow significantly larger sums, even up to ₹10 crore, but these typically require security.

Axis Bank Business Loan Interest Rates

To complete the Axis Bank business loan application process, a borrower must provide basic documents. These include ID proof, business records, and recent financial statements. The list of required documents can vary slightly with each loan product, but most applicants are typically asked for the same basic set of documents.

Indicative ranges based on public references are as follows:

The bank also frequently updates its benchmarks. Currently, the one-year MCLR is 9.15% (as of May 2025). The actual rate given to a borrower will typically be higher than this base rate, depending on the borrower’s risk grade and the scheme.

What are the Documents Required for Axis Bank Business Loan?

To apply for an Axis Bank business loan, borrowers must provide certain basic documents. ID proof, business records, and recent financial statements are always requested. The exact list varies by loan type, but most applicants ultimately provide the same standard set of information.

How to Apply for an Axis Bank Business Loan on Urban Money

Applying for an Axis Bank business loan online through Urban Money is straightforward. Follow these steps to complete the process:

• Step 1: Go to the official Urban Money website.
• Step 2: Navigate to the Loans section from the main menu.
• Step 3: Select Business Loan from the dropdown options.
• Step 4: Click on “Private Bank” to view the available lenders.
• Step 5: Locate Axis Bank Business Loan and press Apply Now.
• Step 6: Enter your details, including your full name, mobile number, city, and loan type.
• Step 7: Submit the form. The Urban Money team will contact you to guide you through the following steps.

Processing Fee & Other Charges for Axis Bank Business Loan

Axis Bank discloses charges at a product level. Below is a summary of key fees from official schedules/pages. Exact figures will appear in your sanction letter and may vary by programme and profile.

How does the EMI calculation Work for Axis Bank Business Loans?

The repayment for an Axis Bank business loan is made through Equated Monthly Instalments (EMIs). Each EMI covers both the principal and the interest, spread evenly across the loan tenure.

The formula used to calculate EMI is:

EMI = [P × R × (1 + R)ᴺ] ÷ [(1 + R)ᴺ – 1]

Where:

• P = Loan Amount
• R = Monthly Rate of Interest (annual rate ÷ 12 ÷ 100)
• N = Loan Tenure in months

Example Scenarios

• Loan of ₹20,00,000 for 48 months at 14% p.a. = EMI approx ₹54,653
• Loan of ₹25,00,000 for 48 months at 16% p.a. = EMI approx ₹70,851
• Loan of ₹75,00,000 for 60 months at 15% p.a. = EMI approx ₹1,78,424