About this scheme
Axis Bank MSME Business Loan — term loan and working capital for MSMEs. CGTMSE-backed collateral-free option up to Rs. 5 Cr. Multi-product lender with branch + digital channels.
What you get
- Term loan + working capital up to Rs. 50 lakh
- CGTMSE option up to Rs. 5 Cr (collateral-free)
- Quick sanction (5-10 days)
- Interest 10-13.5% (varies by profile)
- No income proof for repeat customers
- Online application + tracking
Who qualifies
MSMEs with 12+ months operating history, GST registered, annual turnover Rs. 10 lakh+. Manufacturers, traders, services in non-negative-list industries.
All industries qualify (no NIC restriction).
Business types
ProprietorshipsPartnershipsPrivate LimitedLLPsOne Person Companies
Available across India (central scheme).
How to apply
- 1Apply online or at branch
- 2Submit GST + ITR + bank statements
- 3Branch credit appraisal
- 4CGTMSE cover request if applicable
- 5Disbursement in 5-10 days
- 6Annual renewal/review
Key terms and conditions
- Interest typically 10-13.5%
- Annual processing fee 1-2%
- CGTMSE guarantee fee passed on if applicable
- Pre-payment after 6 months without penalty
What disqualifies you
- Non-GST registered: limited eligibility
- CIBIL below 700: rejected typically
- Defaulters in last 24 months excluded
Documents typically required
- GST returns (12 months)
- ITR (2 years)
- Bank statement (6 months)
- Udyam
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.