Axis Bank Business Loan

Note: Interest rates as of 20th January 2023

Interest Rates of Axis Bank Business Loan

Axis Bank Small Business Banking (linked to repo rate)

Axis Bank Fixed Rate Business Loans (based on MCLR)

Fees and Charges of Axis Bank Business Loan

Axis Bank MSME Samriddhi Loans/Loan for Agri Traders & Processors Fees and Charges

Axis Bank Warehouse Receipt Loan Fees and Charges

Axis Bank Cash and Credit Overdraft Fees and Charges

Axis Bank Merchant Loan Overdraft Fees and Charges

Axis Bank Unsecured Business Loan Fees and Charges

Axis Bank Secured Term Loan Fees and Charges

Axis Bank Unsecured Dropline Overdraft Fees and Charges

Axis Bank Medical Equipment Loan Fees and Charges

Axis Bank Secured Quick Overdraft Fees and Charges

Axis Bank Industrial Equipment Loan Fees and Charges

Types of Axis Bank Business Loan

Axis Bank MSME Samriddhi Loans

• Purpose: Axis Bank MSME Samriddhi Loan caters to the working capital, non-fund based and capital expenditure requirements of micro, small and medium enterprises. Borrowers can avail this loan variant as overdraft, term loan, working capital and other facilities.
• Loan amount: Rs 10.1 lakh to Rs 5 crore
• Primary security for cash credit: Hypothecation of entire current assets (existing and future)
• Primary security for term loan: Exclusive hypothecation/mortgage charge over assets purchased/ created out of this loan facility
• Collateral: Registered or Equitable Mortgage of Residential, Commercial and Industrial Properties, FD & LIC Policy

Axis Bank MSME Samriddhi Lite

• Purpose: Axis Bank MSME Samriddhi Lite is another version of the MSME Samriddhi Loans, which offers the facility of cash credit and overdraft.
• Loan amount: Rs 10.1 lakh to Rs 35 lakh
• Security: Hypothecation of entire current assets (existing and future)

Axis Bank Loan for Agri Traders and Processors

Axis Bank Loan for Agri Traders and Processors allows traders, manufacturers, processors and service providers engaged in agri and allied activities to avail credit facilities. This loan facility is further divided into three categories as mentioned below:

AGPRO Power Loan

• Purpose: Borrowers can avail Axis Bank AGPRO Power Loan for financing their working capital, capital expenditure and non-fund based requirements. This loan facility is offered as both fund based (cash credit, term loans and working capital demand loans) and non-fund based (letter of credit and bank guarantee) facility. This loan facility offers simplified assessments, competitive interest rates with a ceiling rate of 18% p.a. and a larger radius of operations ranging up to 75 kms from the rural lending designated branch.
• Loan amount: Rs 10.1 lakh to Rs 5 crore
• Primary security for Cash Credit: Hypothecation over the entire current assets, existing & future
• Primary security for Term Loan: Exclusive Hypothecation / Mortgage charge over the assets purchased/created out of this loan facility
• Collateral: Registered or equitable mortgage of NA residential, commercial, industrial properties; liquid security (Fixed Deposits & surrender value of LIC Policy).
• Guarantee: Personal guarantee of all the promoter directors/ partners is mandatory. In case the property is registered in the name of a third party(s), then the personal/corporate guarantee of the third party(s) is also mandatory.

Axis Bank AGPRO Lite

• Purpose: Axis Bank AGRO Lite is another version of AGPRO Power loan and an overdraft facility, which offers financial support to food and agro processors and manufacturers for carrying out their business activities. Borrowers can get this loan with less documentation and faster processing.
• Loan amount: Rs 10.1 lakh to Rs 1 crore

Axis Bank Kisan Mitra Loan

• Purpose: Borrowers can avail Axis Bank Kisan Mitra Loan for financing their working capital, capital expenditure and non-fund based requirements. This loan facility offers simplified assessments, competitive interest rates with a ceiling rate of 18% p.a. and a larger radius of operations ranging up to 75 kms from the rural lending designated branch.
• Loan amount: Rs 10.1 lakh to Rs 5 crore
• Fund based facilities: Overdraft, cash credit, term loan and working capital demand loan.
• Non-fund based facilities: Bank guarantee and letter of credit (for both working capital & capital expenditure), both domestic and foreign currency.
• Primary security for cash credit: Hypothecation (First charge) over the entire current assets, existing & future
• Primary security for overdraft: Exclusive hypothecation/mortgage charge over the assets purchased/created out of this loan facility
• Collateral: Registered (OR) Equitable Mortgage of Residential, Commercial, Industrial Properties; Liquid Security (Fixed Deposits & LIC Policy surrender value)
• Guarantee: Personal Guarantee of all the promoter directors/partners mandatory. In case the property is registered in the name of a third party(s), then the personal/corporate guarantee of the third party(s) is also mandatory.

Axis Bank Kisan Mitra Lite Loan

• Purpose: Axis Bank Kisan Mitra Lite Loan is an overdraft facility offered to agri service providers and agri value chain partners. This loan facility offers less documentation and faster processing.
• Loan amount: Rs 10.1 lakh to Rs 1 crore

Axis Bank Swift OD Loan

• Purpose: Axis Bank offers Swift OD loan, an overdraft facility to finance the working capital requirements of non-individual borrowers.
• Loan amount: Rs 10.1 lakh to Rs 1 crore
• Repayment tenure: Up to 1 year
• Security: Collaterals in the form of registered or equitable mortgage of residential/ commercial, industrial, Non-agricultural open/ vacant plot, liquid securities (fixed deposits only)

Axis Bank Warehouse Receipt Loan

Under Warehouse receipt loan scheme, Axis Bank offers loans against warehouse or storage receipts of approved agri commodities. It is a customer-friendly credit facility to avoid distress sales during harvest, and neutralise seasonality. Borrowers can store their commodities in godowns, warehouses or cold storages, managed by CWC (Central Warehousing Corporation), SWC (State Warehousing Corporation) or private warehouses under the supervision of the empanelled Collateral Managers of Axis Bank Ltd.

This loan facility is further classified into three categories as mentioned below:

Axis Bank Commodity Power Loan

• Purpose: Non-individual borrowers can avail Axis bank Commodity Power Loan against warehouse receipts or storage receipts of approved agri commodities stored in various private/professional/government warehouses. The advantages of Commodity Power include easy assessment of the overall loan eligibility, speedy sanctions and disbursements, as well as competitive interest rates.
• Security: Pledge of warehouse receipts/storage receipts with lien noted in favour of Axis Bank Limited

Axis Bank Commodity Lite

• Purpose: Axis Bank Commodity Lite loan offers finance against approved agri commodities stored in private, professional or government warehouses.
• Loan amount: Up to Rs 2 crore

Axis Bank Commodity Quik

• Purpose: Borrowers can avail Axis Bank Commodity Quik against approved agri commodities stored in private, professional or government warehouses and use the money to finance their working capital needs.
• Loan amount: Up to Rs 1 crore

Axis Bank Small Business Banking

Under the Small business banking facility, Axis bank offers different loan schemes to businesses with capital turnover of up to Rs 30 crore. Mentioned below are the loan variants offered under this scheme:

Axis Bank Cash Credit and Overdraft

• Purpose: Businesses can avail Axis Bank Cash Credit and overdraft facility by pledging their residential/commercial property, fixed deposits, liquid collateral, etc. as security and use the loan proceedings to support their cash flows and ongoing operational expenses
• Amount: Rs 10 lakh to Rs 10 crore
• Tenure: Loan renewal at end of 12 months from the date of availing this facility

Axis Bank Merchant Loan Overdraft

• Purpose: Axis Bank’s Merchant loan overdraft is a collateral-free overdraft facility, which is based on average monthly swipes through Axis bank terminal. Merchants can use this facility to expand their business and fulfil daily working capital needs. The interest is charged only on the amount used.
• Amount: Rs 5 lakh to Rs 50 lakh
• Tenure:
  • Renewal at end of 12 months from the date of availing this facility
  • Drop line overdraft facility can be availed for maximum tenure of 3 years

Axis Bank Business Loan (Unsecured)

• Purpose: Borrowers can avail Axis Bank’s unsecured business loan to address their business requirements such as expanding operations, upgrading technology, stocking inventory to cater to seasonal demands, or simply meeting their cash flow needs.
• Amount: Rs 50,000 to Rs 75 lakh
• Tenure: 1 year to 5 years

Axis Bank Secured Term Loan

• Purpose: Borrowers can avail Axis Bank Secured Term Loan for purchase of machinery, property, or business expansion against their residential, commercial, industrial property, godown, fixed deposits, liquid collaterals, etc.
• Amount: Rs 5 lakh to Rs 10 crore
• Tenure: 1 year to 15 years

Axis Bank Unsecured Dropline Overdraft

• Purpose: Axis Bank Unsecured Dropline Overdraft is a collateral-free facility specifically designed for doctors and CA professionals, to meet their immediate financial needs.
• Amount: Rs 5 lakh to Rs 50 lakh
• Tenure: 2 years to 5 years

Medical Equipment Loan

• Purpose: Axis Bank’s Medical Equipment Loan is specially designed for doctors. Borrowers can avail this loan facility against the medical equipment purchased and use the loan proceedings to expand their business and enhance facilities. Moratorium facility of up to 6 months is also available.
• Amount: Rs 10 lakh to Rs 7.5 crore
• Tenure: 1 year to 7 years

Axis Bank Secured Quick Overdraft

• Purpose: Borrowers can avail Axis Bank Secured Quick Overdraft facility against their residential/commercial/industrial property to support their cash flows and ongoing operational expenses.
• Amount: Rs 10 lakh to Rs 1.5 crore
• Tenure: Renewal at the end of 12 months from the date of availing this facility

Axis Bank Industrial Equipment Loan

• Purpose: Axis Bank’s Industrial Equipment Loan is specially designed for manufacturers. Borrowers can avail this loan facility against their industrial equipment purchased and use the loan proceedings for business growth. Moratorium facility of up to 6 months is also available.
• Amount: Rs 10 lakh to Rs 5 crore
• Tenure: 1 year to 5 years

Axis Bank SME (Small and Medium Enterprises) Loans (Commercial Banking Group)

Under the Small and Medium Enterprises loan facility, Axis Bank offers a variety of customised loans for small and medium enterprises with turnover of up to Rs 250 crore. Here are some of the loans offered under Axis Bank’s SME Commercial Banking Group:

Axis Bank LCBN Power

• Purpose: Borrowers can avail a usance bill under Letter of Credit. Limits under Axis Bank LCBN Power program can be clubbed with any other Program of Commercial Banking Group (restricted to a combined limit of Rs. 10 Cr.)
• Amount: Up to Rs 5 crore

Axis Bank Zero Collateral Loans (CGTMSE)

• Purpose: Borrowers can avail Axis Bank’s Zero Collateral Loans in the form of trade, working capital and term loan to meet their financial requirements of working capital and capital expenditure.
• Amount: Up to Rs 2 crore

Axis Bank SME Plus

• Purpose: Axis Bank’s SME Plus is a customised program for all business units. Borrowers can pledge their residential, commercial and industrial property as collateral and use the loan proceedings to meet their capital expenditure and working capital requirements
• Amount: Up to Rs 10 crore

Axis Bank Power OD

• Purpose: Axis Bank Power OD is an overdraft facility for working capital purposes. Limits under this program cannot be clubbed with any other Program of Commercial Banking Group
• Amount: Up to Rs 5 crore
• Product Offerings: Overdraft Facility, Bank Guarantee & Letter of credit
• Collateral: Residential, Commercial and Industrial property and Fixed Deposit

Axis Bank MPower

• Purpose: Borrowers can avail Axis Bank MPower for fund allocation towards general business purposes; including repairs, renovation, extension & expansion of business, meeting working capital/shortfall in liquidity and cash flow. Borrowers can also use the loan proceedings to purchase property for general business purposes or for the occupancy of the owners / management of the borrowing unit. Limits under this program can be clubbed with any other Program of Commercial Banking Group (restricted to a combined limit of Rs. 10 Cr.)
• Amount: Up to Rs 10 crore
• Product Offerings: Loan Against Property, OD against Property, Dropline OD, Property Purchase
• Collateral: Residential, Commercial and Industrial property acceptable

Axis Bank Business Loan Eligibility Criteria

Axis Bank MSME Samriddhi Loans Eligibility

• Age: Between 18 to 75 years
• Business vintage: Minimum 3 years with cash accruals for last 2 years
• Constitution: Proprietorship/ Partnership/ Private limited companies/ Limited companies/ Limited liability Partnership
• Entities having CA certified/ Audited balance sheets (ABS)

Axis Bank MSME Samriddhi Lite Eligibility

• Min 1 year vintage with 1 full year of positive cash accruals

Axis Bank Agpro Power Loan Eligibility Criteria

• Valid licence/registration for the activity
• 3 years of operation and 2 years of profitability
• Turnover cap: Rs 15 crore for non-proprietary entities
• No cap for proprietary concerns
• Turnover arrived from throughput in case of commission agents will not be considered for for turnover cap limit

Axis Bank Agpro Power Lite Loan Eligibility Criteria

• Min 1 Year Vintage with 1 full year Financials

Axis Bank Kisan Mitra Eligibility Criteria

• Valid licence/registration for the activity
• 3 years of operation and 2 years of profitability

Axis Bank Swift OD Eligibility Criteria

• Proprietary Concerns
• Partnership Concerns
• Limited Liabilities Partnerships
• Private limited Companies
• Public limited Companies
• Co-operatives Societies
• In case of cooperative societies, administrative approval needs to be initially obtained from Credit Underwriting, CO prior to the start of the case and sanctioning authority would be as specified in DOP
• Non-individuals like corporate farmers, Farmer Producer Organizations (FPOs), Companies of individual farmers, Farmers Cooperatives.

Axis Bank Commodity Power Loan Eligibility Criteria

• Proprietorship firm, Partnership firm, Limited Liability Partnerships (LLPs), Hindu Undivided Family (HUF), Private Limited Companies, Public Limited Companies and Co-operatives
• Age criteria in case of Sole Proprietorships: Min. 18 years, Max. 75 years at the end of loan tenure.
• 3 Years Vintage in Business Required

Axis Bank Commodity Lite Eligibility Criteria

• Proprietorship firms
• Partnership firms
• Limited Liability Partnerships (LLP)
• Hindu Undivided Family (HUF)
• Private Limited Companies
• Public Limited Companies
• Co-operatives
• Turnover cap: Up to Rs 35 crore

Axis Bank Commodity Quik Eligibility Criteria

• 1 year Vintage
• Turnover cap: Up to Rs 35 crore

Axis Bank Cash Credit and Overdraft Eligibility Criteria

• Business vintage: Minimum 3 years
• Turnover: Rs 30 lakh to Rs 30 crore
• Age: minimum 21 years and maximum 70 years
• Residence/Office stability:
  • Either office or residential property should be owned
  • In case of rented accommodation, residence stability should be of at least 12 months, not applicable if shifted to owned house
  • Office stability should be of at least 24 months
• Minimum income should Rs 2.5 lakhs as per ITR for last 2 years for individuals
• Minimum cash profit should be Rs 3 lakhs for last 2 years for non-individuals

Axis Bank Merchant Loan Overdraft Eligibility Criteria

• Business vintage: Minimum 3 years
• Number of swipes: Minimum average of 30 swipes in last 12 months
• Turnover capital: Minimum Rs 30 lakh to maximum Rs 30 crore
• Age: minimum 21 years and maximum 70 years
• Residence/Office stability:
  • Either office or residential property should be owned
  • In case of rented accommodation, residence stability should be of at least 12 months, not applicable if shifted to owned house
  • Office stability should be of at least 24 months
• Minimum income should Rs 2.5 lakhs as per ITR for last 2 years for individuals
• Minimum cash profit should be Rs 3 lakhs for last 2 years for non-individuals

Axis Bank Business Loan (Unsecured) Eligibility Criteria

• Business vintage: Minimum 3 years
• Turnover: Minimum Rs 30 lakh
• Age: Minimum 21 years and maximum 65 years
• Residence/Office:
  • Either office or residential property should be owned
  • In case of rented accommodation, residence stability should be of at least 12 months, not applicable if shifted to owned house
  • Office stability should be of at least 24 months
• Minimum income should Rs 2.5 lakhs as per ITR for last 2 years for individuals
• Minimum cash profit should be Rs 3 lakhs for last 2 years for non-individuals

Axis Bank Secured Term Loan Eligibility Criteria

• Business vintage: Minimum 3 years
• Turnover: Rs 30 lakh to Rs 30 crore
• Age: minimum 21 years and maximum 70 years
• Residence/Office stability:
  • Either office or residential property should be owned
  • In case of rented accommodation, residence stability should be of at least 12 months, not applicable if shifted to owned house
  • Office stability should be of at least 24 months
• Minimum income should Rs 2.5 lakhs as per ITR for last 2 years for individuals
• Minimum cash profit should be Rs 3 lakhs for last 2 years for non-individuals

Axis Bank Unsecured Dropline Overdraft Eligibility Criteria

• Business vintage: Minimum 2 years
• Turnover: Minimum Rs 40 lakh to maximum Rs 30 crore
• Age: Minimum 24 years and maximum 70 years
• Residence/Office stability:
  • Either office or residential property should be owned
  • In case of rented accommodation, residence stability should be of at least 12 months, not applicable if shifted to owned house
  • Office stability should be of at least 24 months
• Minimum income should Rs 2.5 lakhs as per ITR for last 2 years for individuals
• Minimum cash profit should be Rs 3 lakhs for last 2 years for non-individuals

Axis Bank Medical Equipment Loan Eligibility Criteria

• Business vintage: Minimum 2 years in current profession
• Business income: Minimum business income of Rs. 5 Lakhs
• Age: Minimum 21 years and maximum 65 years
• Residence/office stability:
  • Either office or residential property is to be owned
  • Residence stability should be of at least 12 months
  • Office stability should be of at least 24 months

Axis Bank Secured Quick Overdraft Eligibility Criteria

• Business vintage: Minimum 4 years in current profession
• Business income: As per ITR, should not be loss making in last 1 year
• Age: Minimum age should be at least 21 and maximum age should be at least 70, at the time of loan maturity
• Residential/office stability:
  • Borrower should own either the office or residential property
  • Residence stability should be of at least 12 months
  • Office stability should be of at least 24 months

Axis Bank Industrial Equipment Loan Eligibility Criteria

• Business vintage: Minimum 3 years in current profession
• Business income: Minimum business income of Rs 3 Lakhs
• Age: Minimum 21 and maximum 65 years
• Residence/office stability:
  • 24 months in same location
  • Either office or residential property is to be owned(If office is rented, the unexpired lease period should be for minimum 2 yrs, and waiver letter from landlord to be taken)
  • Any other property ownership (except land/ under-construction/ part consideration) can also be considered but the property should be in the same city.

Axis Bank LCBN Power Eligibility Criteria

• All business units including MSME units engaged in manufacturing, trade and service activities
• Turnover – Up to Rs. 75 Cr.

Axis Bank Zero Collateral Loans Eligibility Criteria

• MSME borrowers (including the manufacturing sector as well as traders & services)
• Credit facilities extended under KVIC’s (Khadi & Village Industries Commission) & REGP (Rural Employment Generation Program)
• Turnover as per MSME guidelines

Axis Bank SME Plus Eligibility Criteria

• Turnover – Up to Rs. 75 Cr.
• Available for trader/wholesalers, manufacturers, service industries and agri based industries

Axis Bank Power OD Eligibility Criteria

• Turnover – Up to Rs. 75 Cr.
• Business units including MSME units engaged in manufacturing, trade and services activities

Axis Bank MPower Eligibility Criteria

• Turnover: Up to Rs 75 crore
• Businesses including MSME units engaged in manufacturing, trade as well as services activities.

Axis Bank Business Loan Documents Required

Axis Bank MSME Samriddhi Loans Documentation

• Application form
• Financial statements
• Business licence
• KYC documents

Axis Bank Agpro Power Loan Documentation

• KYC documents
• Application form
• Income documents
• Bank statement

Axis Bank Kisan Mitra Loan Documentation

• KYC documents
• Application form
• Income documents
• Bank statement

Axis Bank Swift OD Loan Documentation

• Last 2 Years ITR along with computation of income
• Last Year’s Full Set of Financials (Audited or CA certified)
• KYC documents
• Statement of operative account.

Axis Bank Commodity Power Loan Documentation

• KYC documents
• Application form
• Income Documents
• Statement of account

Axis Bank Commodity Lite Loan Documentation

• Latest one year full set of financials (Audited or CA certified)
• KYC documents
• Statement of operative account

Axis Bank Commodity Quik Documentation

• CA certified /audited financials of one year
• KYC documents

Axis Bank Cash and Credit Overdraft Documentation

• KYC Documents
• Duly filled in application form signed by the customer
• Relevant financial documents
• Bank account statement of last 6 months
• PAN card/Form 60
• Business Proof

Axis Bank Merchant Loan Overdraft Documentation

• KYC Documents
• Duly filled in application form signed by the customer
• Relevant financial documents
• Bank account statement of last 6 months
• PAN card/Form 60
• Business Proof

Axis Bank Business Loan (Unsecured) Documentation

• KYC Documents
• Duly filled in application form signed by the customer
• Relevant financial documents
• Bank account statement of last 6 months
• PAN card/Form 60
• Business Proof

Axis Bank Secured Term Loan Documentation

• KYC Documents
• Duly filled in application form signed by the customer
• Relevant financial documents
• Bank account statement of last 6 months
• PAN card/Form 60
• Business Proof

Axis Bank Unsecured Dropline Overdraft Documentation

• KYC Documents
• Duly filled in application form signed by the customer
• Relevant financial documents
• Bank account statement of last 6 months
• PAN card/Form 60
• Business Proof

Axis Bank Medical Equipment Loan Documentation

• KYC Documents
• Duly filled in application form signed by the customer
• Relevant financial documents
• Bank account statement of last 6 months
• PAN card/Form 60
• Degree certificate & registration certificate with MCI or State Medical Council
• Pro forma invoice/ Quotation of equipment or machinery being purchased

Axis Bank Secured Quick Overdraft Documentation

• KYC Documents
• Duly filled in application form signed by the customer
• Relevant financial documents
• Bank account statement of last 6 months
• PAN card/Form 60
• Business Proof

Axis Bank Zero  Collateral Loan Documentation

• Latest 12-month bank statements
• Latest ITR and Financial statements
• KYC documents and collateral details

Note: Additional documents may be requested based on Axis Bank Policies in accordance to the CGTMSE guidelines

Axis Bank SME Plus Documentation

• Latest 12-month bank statements
• Last 3 years Financial Statements
• Latest ITR
• KYC documents and collateral details

*Additional documents may be requested based on Axis Bank Policies

Axis Bank Power OD Documentation

• Latest 12-month bank statements
• Latest ITR and Financial statements
• KYC documents and collateral details

* Additional documents may be requested based on Axis Bank Policies

Axis Bank MPower Documents Required

• Latest 12-month bank statements
• Latest ITR
• Last 3 years Financial Statements
• KYC documents and collateral details

* Additional documents may be requested based on Axis Bank Policies