Merchant Loan Overdraft - Features
Axis Bank offers an attractive proposition for merchants who can avail of collateral free overdraft facility on the basis of average monthly swipes through Axis bank terminal. This facility can be used by merchants to expand their business besides fulfilling daily working capital needs without having to provide any security. Moreover, interest is charged only on the amount utilized.
- Loan amount can be availed from minimum of 5 lakhs up to 50 lakhs
- Facility renewal at end of 12 months from the date of availing this facility
- Drop line overdraft facility can be availed for maximum tenure of 36 months
- No commitment charges