| Working Capital Loan: Loan Amount |
| Loan Type |
Loan Amount |
| Secured Overdraft |
Up to Rs. 3 crore |
| Secured Quick Overdraft |
Up to Rs. 1.5 crore |
| GST Overdraft |
Up to Rs. 1.5 crore |
| Cash Credit |
Up to Rs. 3 crore |
| Secured Term Loan |
Up to Rs. 5 crore |
| Secured Quick Term Loan |
Up to Rs. 2 crore |
| Secured Merchant Loan |
Up to Rs. 2.5 crore |
| Unsecured Merchant Loan |
Up to Rs. 50 lakh |
Overdraft
Axis Bank offers line of credit of up to Rs. 3 crore to meet working capital requirements against collateral security of immovable property.
Below stated are the three types of Overdraft facilities offered by Axis Bank :
a) Secured Overdraft:
| Loan Amount |
Up to Rs. 3 crore |
| Basis of Loan Sanction |
Collateral Security of Immovable Property |
| Tenure |
Renewable every 12 months |
| Commitment Charges |
Nil |
| Monthly Dropline |
Available |
| Interest Rate |
Charged on the utilized amount |
b) Secured Quick Overdraft:
| Loan Amount |
Up to Rs. 1.5 crore |
| Basis of Loan Sanction |
Based on Banking Conduct |
| Tenure |
Renewable every 12 months |
| Commitment Charges |
Nil |
| Interest Rate |
Charged only on the utilized amount |
c) GST Overdraft:
| Loan Amount |
Up to Rs. 1.5 crore |
| Basis of Loan Sanction |
Based on GST Returns |
| Tenure |
Renewable every 12 months |
| P&L and Balance Sheet |
Not Required |
| Interest Rate |
Charged only on the utilized amount |
Cash Credit
Axis Bank offers Line of Credit up to Rs. 3 crore to meet business requirements against the primary security of stocks, debtors and other current assets.
| Loan Amount |
Up to Rs. 3 crore |
| Primary Security / Collateral |
Stock, Debtors and other current assets |
| Tenure |
Renewable every 12 months |
| Loan-to-Value Ratio |
Up to 100% of the property value |
| Commitment Charges |
Nil |
| Interest Rate |
Charged only on the utilized amount |
Term Loan
Axis Bank offers Term Loan for various business expansion purposes.
a) Secured Term Loan:
| Purpose |
Long-term loan for Business expansion and diversification |
| Loan Amount |
Up to Rs. 5 crore |
| Tenure |
Up to Rs. 15 years |
| Loan-to-Value Ratio |
Up to 100% of the property value |
b) Secured Quick Term Loan:
Secured Term Loan is offered for the self-employed segment based on banking conduct.
| Purpose |
Long-term loan for Self-employed based on the banking transactions |
| Loan Amount |
Up to Rs. 2 crore |
| Tenure |
Up to 15 years |
| P&L and Balance Sheet |
Not required |
| Interest Rate |
Repo rate linked Floating rate |
Secured Merchant Loan:
| Purpose |
Secured Overdraft facility offered on the basis on average monthly swipes made through Axis Bank’s EDC Terminals |
| Loan Amount |
Up to Rs. 2.5 crore |
| Tenure |
Renewable every 12 months |
| Commitment Charges |
Nil |
| Loan-to-Value Ratio |
Up to 100% of the property value |
| Interest Rate |
Charged only on the utilized loan amount |
| Facilities Available |
Overdraft, Dropline Overdraft & Term Loan |
Unsecured Merchant Loan:
| Loan Amount |
Up to Rs. 50 lakh |
| Purpose |
Unsecured Overdraft Facility based on the average monthly swipes through Axis Bank EDC terminal |
| Tenure |
Renewable every 12 months |
| Commitment Charges |
Nil |
| Dropline Overdraft Tenure |
Up to 36 months |
| Interest Rate |
Charged only on the utilized loan amount |
Note: With effect from 18th Dec 2022, Axis Bank 1 year MCLR is 8.75%.
Basic Eligibility Criteria for Axis Bank Working Capital Loan
- Business Vintage: Minimum 3 years
- Business Annual Turnover: From Rs. 30 lakh to Rs. 15 crore
- Applicant shall either own a residence or office
