Axis Bank now offers collateral-free EMI-based business loans for the self-employed with minimal documentation. When you decide whether to utilize the amount for the entire tenure or pre-close it rapidly, we will help you reduce your immediate liquidity needs while keeping your business adequately funded to prosper. assist. You can apply online and avail the loan and then repay in convenient installments.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
Axis Bank Business Loans are collateral-free. You can get up to Rs 50 lakh as a loan without providing any collateral or asset as security.
The Business Loan can be availed for a minimum of 6 to 36 months. You can repay in EMIs, without undue financial burden. Choose the tenure to suit your budget and repay at your convenience.
You can apply at the nearest branch or online to get the loan sanctioned in quick easy steps. The documentation is minimal, keeping in need the busy schedules of a busy professional.
Loan processing charges
Up to 2.00% + Applicable taxes
2% charge plus GST will be levied on amount prepaid.
Rs. 339/- per instance + Applicable taxes
A well–maintained office premises is the pride of any business owner. After all, this is where you meet your clients and customers. For upgrading your office premises, buying new furniture, replacing old laptops and servers, and so on, a Business Loan is the best option.
Following documents are required when applying for Business Loan:
With a Business Loan EMI calculator, you can find out the total repayment over the tenure of the loan. The amortization schedule of the calculator provides a detailed break-up of the monthly and annual principal and interest components of the loan. Knowing this before getting the loan sanctioned will help you plan your finances and structure your repayment with ease. This way you can earmark the required funds for repaying the loan and avoid stress on your finances.
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