What is the easy and simple way to avail Axis Bank Business Loan/
axis bank business loan | How to take business loan from Axis Bank sitting at home. AXIS BANK LOAN – The old name of Axis Bank is UTI Bank, in today’s time Axis Bank is a very big private bank, this bank is known for its credit cards as well as it also provides loans to its customers based on their ability. is | That is, every person can get a loan from Axis Bank according to his need.
Axis Bank offers all types of loans to its customers such as Business Loan Personal Loan Car Loan Home Loan Credit Card Loan Top Up Loan Whatever loan you apply for and if you are eligible for that loan. The bank definitely gives you the loan.
Axis Bank gives business loan at very low interest rate, it provides loan to all small and big businessmen, any person who wants to start his business wants to grow his business.
Can take axis business loan. If you are also a customer of Axis Bank and you are looking to start a new business or want to expand your old business even more, then you can also apply for a business loan from Axis Bank sitting at home.
Below you will get information about how to process axis bank business loan, what is the eligibility of axis bank business loan, which documents will be required etc., in this post.
What is Axis bank business loan and who gets it-
Axis bank business loan is an unsecured financial assistance service provided by the bank in India. Its main purpose is to meet any type of need in your growing business.
If you are already doing business and you need some money so that you can do something better for your business, banks give you term loan and flexi loan, it is called business loan or commercial loan.
Eligibility Criteria for taking Business Loan-
# The bank has made some rules for who can apply for axis business loan, if you are found fit according to these rules then you can apply for axis bank business loan sitting at home like-
Your age should be minimum 25 years and maximum 65 years while applying #Axis Bank Business Loan.
You should have at least 5 years of experience in the business loan you are applying for, as well as 3 years of working experience in the city/village for which you are applying.
You should have your own home and shop or office to do business, where you can take a loan by showing business.
# Your old record with the bank should be good, your old record with the bank should not be bad.
Documents required for Business Loan-
While taking a business loan from Axis Bank, you need to have some main documents like-
#ID Proof: PAN Card, Aadhar Card, Driving License, Voter ID, Passport
#Address Proof: Aadhar Card, Driving License, Voter ID, Passport.
# Company registration name such as form no or company’s PAN card, shop’s PAN card, whichever you can understand in easy language.
#Certificate of Establishment of Business / GST Certificate / Service Tax Certificate.
# ITR return of last 2 years
#GST Registration Certificate or Service Tax Certificate.
# Balance sheet You should know the profit or loss in the business last year to the bank \
# If there is an old loan outstanding, then the bank also has to give a statement to check the track record of its payment.
Axis Business Loan can be availed up to Rs.
If you are planning to take axis business loan, then first of all you have to improve your credit score. can give for
By the way, the minimum you can apply for a business loan from ₹ 50000 thousand to ₹ 50 lakh from Axis Bank.
axis business loan for how much time –
Axis Business Loan can be applied for minimum 1 year and maximum up to 5 years. And it depends on how long you need the loan. The longer you take a loan from the bank, the more interest is charged from you, so you should try to take a loan from any bank for the shortest possible time.
What is the interest rate in Axis Business Loan-
If you are applying for axis business loan then in this you can see two to three types of interest like
Axis Bank starts at 12.5% se interest rate and further depends on the amount. Charges you interest rate up to 15.50 . To the person who already has a good credit score, the bank provides a loan at a lower interest rate, while the bank gives a loan at a higher interest rate to the person whose credit score is less than 750.
How to apply for Axis Business Loan-
First you have to see what the bank says for giving online business loan-
Are you a manufacturer, retailer, trader or a professional running your own business? Then you would be aware about the challenges of managing your daily operations on one hand while trying to expand with the other.
Today, liquidity for a self-employed is of supreme importance. Moreover, meeting your growing business requirements doesn’t come to you on a platter.
This is where we play a role. Axis Bank now offers collateral-free EMI-based Business Loans for the self-employed with minimum documentation.
While you decide whether to use the amount for the entire tenure or to pre-close it faster, we help you to mitigate your immediate liquidity requirements while keeping your business adequately funded to prosper.
You can apply and avail the loan online and then repay in easy instalments as convenient.
Now you must have known that the bank is providing business loan online, for this it is very important for you to have an Axis Bank account. You will go here, you have to fill all your information, the way the bank is asking for you,
after filling all that information, the bank will require some documents from you, you should also upload all those documents and after some time the bank will give that money to you. Will transfer to the account.
Bank will transfer money to your account only when you are eligible for business loan The score is bad and even if you already have multiple loans running, the bank may refuse to give you a business loan.
But this does not mean that you should not apply for business loan at all.