Axis Bank Loan New Scheme 2024:- Axis Bank is contributing to promoting businesses and self-employment in our country by solving the problem of unemployment. As part of this effort, Axis Bank has launched Axis Bank Mudra Loan 2024. Under this scheme, if you want to start a business or expand your existing business, you can get a loan from Axis Bank to start your venture. Axis Bank will provide loans under this scheme to help you with your business goals. In this article, we will provide you with all the necessary information about the Mudra Loan 2024 Scheme. For more information, read.
Please note that the specific details and eligibility criteria for Axis Bank Mudra Loan 2024 will need to be obtained directly from Axis Bank or their official website, as these details may change over time.
Axis Bank Loan New Scheme 2024
Axis Bank has launched an Axis Bank Loan New Scheme 2024 called the Mudra Loan Scheme. If you have an account with Axis Bank and wish to start your own business but are facing financial constraints, then Axis Bank has come up with an excellent scheme for you. This scheme is called the Mudra Loan Scheme, through which you can get a Mudra loan and start your own business. Under this scheme, Axis Bank provides Mudra loans ranging from Rs 5 lakh to Rs 10 lakh. As we know, in the present time many people prefer entrepreneurship over traditional employment. However, financial limitations often prevent us from achieving our business dreams. As a result, despite our wishes, we are forced to choose regular employment or alternative forms of livelihood.
Axis Bank Loan New Yojana Key Highlight
| Scheme | Axis Bank Loan New Yojana 2024 |
| Loan Amount | 50,000 to 10,00,000 |
| Interest Rate | 14.95% to 19.5% |
| Loan Repayment | Duration 5 years |
| Loan Age | Minimum 21 Years Maximum 65 Years |
| Processing fee | Free of coat |
| Official Website | https://www.axisbank.com/ |
Axis Bank Loan Scheme Interest Rate
The interest rate for Axis Bank loans is determined based on the credit score, credit profile, and type of business of the applicant. The bank determines the interest rate after verification of the documents submitted by the applicant. However, for Axis Bank Mudra Loan 2024, the annual interest rate usually ranges from 14.95% to 19.5%.
Axis Bank Loan 2024 Eligibility Criteria
To be eligible for Axis Bank Mudra Loan 2024, the applicant must fulfill the following criteria:
- The age of the applicant should be between 18 years to 65 years.
- Applicants must either have their own business or a business prototype.
- The business of the candidate should be related to agricultural activities, service sector, or any other type of business.
- The beneficiary must have a high credit score and a favorable credit history.
- The applicant should not have any previous loan outstanding.
- Please note that these eligibility criteria are subject to change, and it is necessary to check with Axis Bank for the latest information and specific requirements for the Mudra Loan 2024 scheme.
Important Documents Required for Axis Bank Loan include
Surely, here is the translation of important documents required for the Axis Bank loan:
Identity proof
- Passport
- Voter ID Card
- PAN card
- Aadhar card
- Driver’s license
Address proof
- ration magazine
- Bank account details
- telephone bill
- electricity bill
- Water bill etc.
Income proof
- three months salary slip
- income tax statement
- Form 16
Business-Related Documents
- Proof of business address if the applicant is involved in any business.
- Bank related documents:
- Bank details and income tax details of the applicant.
- Passport size photographs Passport size photographs of the applicant.
If in Partnership
If the loan is being taken in partnership, list of partners.
memorandum of Association
partnership deed
Axis Bank Mudra Loan 2024 Online Application Process
To apply for a loan from Axis Bank, you can follow these steps on their official website:
- Visit the official website of Axis Bank.
- Once on the homepage, you will see the option to “Login”. Click on it.
- On the next page, you will get the option of “Apply Now”. Click on this option.
- After clicking, if you are an existing Axis Bank customer, select “Existing Customer”. Otherwise, select “Non-Existing Customer”.
- A registration form will appear. Fill in all the required information carefully.
- Attach all required documents as specified.
- Click on the “Submit” option.
- After this Axis Bank officials or loan department will contact you for document verification.
- Upon successful verification, if you meet the eligibility criteria, the loan amount will be transferred to your bank account.
Please note that the specific process and requirements may vary depending on the type of loan you are applying for and the bank’s current policies. For the latest and detailed information on the loan application process, it is advisable to visit the official website of Axis Bank or contact them directly.