Axis Bank Business Loan Interest Rates

Axis Bank Business Loan is a wonderful financial product for business expansion and growth. Axis Bank Business Loan Interest Rate is very competitive and starts from 14.99%* with a processing fee up to 2%. For a lower Axis Bank Business Loan Interest Rates, you need to maintain CIBIL score of at least 750 or above and a stable business existence which generates profit and growth in last 2 years. Axis Bank Business Loan Interest Rates is lower if you have higher eligibility criteria. But a lower eligibility will increase your Axis Bank Business Loan Interest Rates. You need to pay a lower interest amount for a lower Axis Bank Business Loan Interest Rate. Your repaying history and ability to repay decides your Axis Bank Business Loan Interest Rates.

Which factors affect Axis Business Loan Interest Rates?

Before you opt for Axis Bank Business Loan, you must check your Axis Bank Business Loan Eligibility for the best business loan interest rate in Axis Bank using Axis Bank Business Loan Interest Rates Calculator. Higher Axis Bank Business Loan Eligibility will decrease your Axis Bank Business Loan Rate of Interest. And a lower Axis Bank Business Loan Eligibility will increase your Axis Bank Business Loan Interest Rate.

You need to repay your loans at the specified time to acquire higher credit score which will reduce your Axis Bank Interest Rates for Business Loan. Moreover business continuity for a minimum period of 3 years with a good amount of profit generation will also lower your Axis Bank Business Loan Interest Rates.

Here are some important factors which affect Business Loan Interest Rate in Axis Bank calculated using Axis Bank Business Loan Interest Rates Calculator-

• Age

  Axis Bank Business Loan Interest Rates Calculator is highly affected by the age of the applicant. The minimum and maximum age limit is between 21 to 65 years. Applying for Axis Bank Business Loan at a young age will lower the Axis Bank Business Loan Rate of Interest because of higher repaying capacity. Also many benefits and exciting offers are provided. For an older applicant, Axis Bank Business Loan Interest Rates will be high.

• Housing Situation

  Your housing situation is very important factor which affects Axis Bank Business Loan Interest Rates Calculator. If you stay in your own house, it will lower your Axis Bank Business Loan Interest Rates. But staying in a rented apartment will reduce your repaying capacity which will increase your Axis Bank Business Loan Interest Rates. Also, if you own your own workplace, then it will lower down your Axis Bank Business Loan Rate of Interest.

• Business Stability

  In order to secure a lower Axis Bank Business Loan Interest Rates i.e., you must have a stable business of 3 years which will increase your eligibility. Also, the business must generate a good amount of annual turnover with a descent profit for the last 2 years which will lower your business loan interest rate in Axis Bank.

• CIBIL Score

  Your CIBIL score or credit score is a very important factor that affects Axis Bank Business Loan Interest Rates Calculator. For a higher CIBIL score, your Axis Bank Business Loan Interest Rate will be low and a lower CIBIL score will increase your Axis Bank Business Loan Interest Rates. So, a proper repaying ability will increase your credit score which will decrease your Axis Bank Business Loan Interest Rates.

• Existing Debt

  For financial debts like EMIs or credit card dues, your Axis Bank Business Loan Interest Rates will be high. Also if your existing liability consumes maximum 40% of your monthly income then your Axis Bank Business Loan Interest Rates will be high. To have a lower Axis Bank Business Loan Interest Rates, you can easily go for balance transfer and top-up loan. Also you need to pay off all your existing liabilities for a lower Axis Bank Business Loan Rate of Interest.

• Geographical Location

  Your geographical location is another factor that affects your Axis Bank Business Loan Interest Rates. If stay in a metropolitan city based location, then your Axis Bank Business Loan Interest Rates will be low. But if you stay in a rural area based loaction, then your Axis Bank Business Loan Interest Rates will be high. Also, staying in red marked area based location which are pointed by the financial institutions will increase your Axis Bank Business Loan Interest Rates.

• ITR

  Axis Bank Business Loan interest rates get affected by the ITR details. You must produce ITR for the last 1 year with updated bank statement of the last 6 months which will lower your Axis Bank Business Loan Interest Rates.