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Axis bank

Axis bank

Overview

Axis Bank's Mpower-TL provides a hassle free way of meeting your business needs of expansion and other long term funding requirements against the security of immovable residential or commercial property. Mpower-TL is an EMI based loan and can be availed by partnership firms, private ltd. companies and trusts.

 

Loan Feature

Loan Amount Upto Rs 5 crore for big enterprises and Rs. 1 crore for small enterprises
Interest Rate N.A.
Tenure 10 years for big enterprises and 1-3 years for small enterprises
Pre Payment Charges Not provided
Service Charges

Service charges not provided

Eligibility Criteria : Business Loan

  Self
Age Age criteria not provided
Income Income criteria not provided
Job Experience Job experience not provided
Residence Proof Residence proof not provided

Docs Required : Business Loan

  Self
ID Proof Passport/driving license/voter ID
Address Proof Electricity bill/telephone bill
DOB Proof Certificate of birth/Matriculation certificate
Financial Docs
  • Bank Statements(latest 6 months bank statement /passbook)
    Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years, certified by a CA
  • Qualification proof of the highest professional degree

Other Charges : Business Loan

N/A

Products offered by Axis bank

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Testimonial

Hi, I am new to the Internet. I did not even know that one can apply for a loan through a third party website. Out of curiosity I applied for a home loan though loanboss.com and was really surprised at the good response and smooth process. I hope more and more people apply for a loan through Loanboss as it is easier and won't cause you the headache of approaching banks directly. Lesser number of Internet users in the country is a problem though.

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- Sachin Gupta

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