3 MinsNov 17, 2020
Rajesh Jain, 47, has been running a grocery shop in Mumbai for the last ten years. Through excellent service, he has built a base of loyal customers. Even during the lockdown he did good business by adding product categories such as ready-to-eat
meals and so on. Now the beauty salon next to his store has shut shop and Rajesh wants to take over the space to expand his business.
He is not too worried about the capital that he needs to invest in this expansion, thanks to Axis Bank 24x7 Business Loan.
As a long-standing customer of Axis Bank, with an excellent track record, he has an offer for a pre-approved loan for up to Rs. 20 lakh from the bank.
There are a lot of entrepreneurs and businessmen like Rajesh who can avail benefits of a 24x7 Business Loan from Axis Bank. After almost seven months of lockdowns and restrictions,
the economy is opening up. As people and consumers step out, it is the perfect time to expand your business and add to your client base. This could be by investing money into refurbishing your shop, buying new machinery, starting a new project
or launching a new product, setting up another location or investing more money into marketing. Axis Bank 24x7 Business Loans make this possible.
What is an Axis Bank 24x7 Business Loan?
This is a pre-qualified loan available to select Axis Bank customers. It is the solution your business needs to stay ahead of the competition. Avail the loan in quick, easy steps and watch your business grow. With minimum documentation and quick disbursal of funds, 24x7 Business Loan will ensure that you are never short of the financial support you require.
[Also Read: Introduction to Business Term Loans]
What are its key features?
Collateral free loan
Axis Bank 24x7 Business Loans come without any collateral. This means you don’t need to pledge any asset. It also ensures quick sanction of loan with minimum documentation.
Axis Bank 24x7 Business Loans have built-in flexibility in your repayment tenure, thereby letting you allocate funds for repayment even as you manage your day-to-day operations.
Digital loan at your fingertips
You can apply for this pre-qualified loan through Axis Mobile or Axis Internet Banking, thus ensuring accelerated loan processing and disbursal.
Is there a minimum loan criterion?
Axis Bank 24x7 Business Loans are customised credit offerings. You can check your pre-approved offer by clicking here.
What if I want a loan amount that is higher than my pre-approved offer?
If you wish to apply for a higher loan amount, visit the nearest Axis Bank branch or call their customer care.
You can also visit Axis Bank 24x7 Business Loans to know more.
Disclaimer: The Source, a Mumbai-based content creation, and curation firm has authored this article. Axis Bank does not influence the views of the author in any way. Axis Bank and The Source shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.