Private Sector BankSelf-Employed & Tradersunsecured

Axis Bank Personal Loan for Self-Employed

एक्सिस बैंक पर्सनल लोन (स्वरोजगार)

Axis Bank personal loan for self-employed professionals and business owners up to ₹40 Lakhs.

Max Loan Amount

₹50,000 to ₹40,00,000

Interest Rate

12.50% - 24.00% p.a. (risk-grade fixed)

Tenure

12 to 60 months

Processing Fee

Up to 2.00% of loan amount + GST (Min ₹1,500)

✦ What It Is: Product Architecture & Regulatory Scope

Unsecured personal loan for self-employed professionals (Doctors, CAs, Architects) and business owners by Axis Bank, catering to emergency cash requirements or capital infusion.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Minimum 3 years of audited financials and steady business stability required. • Heavy foreclosure penalty of up to 5% + GST if closed before tenure. • High interest rate ceiling up to 24% for moderate credit scores. • Physical office/business verification is compulsory.

✦ Key Benefits & Features

• High loan quantum up to ₹40 Lakhs without pledging business machinery or property • Repayment tenure up to 5 years (60 months) • Higher eligibility for certified professionals • Simplified online document upload via Axis digital portal.

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 12 months; foreclosure fee of 3% to 5% + GST applies.

✦ Eligibility Requirements

Self-employed professionals, proprietors, and enterprise directors with minimum 3 years business continuity and taxable income >= ₹3 Lakhs/year. Min Age: 25, Max Age: 65. Min CIBIL: 720.

Min Age25 Years

Max Age65 Years

Min Monthly Income₹30,000

Min CIBIL Score720+

✦ Documents Required

• Identity & Address Proof: PAN, Aadhaar, Business Registration • Financial Proof: Last 3 years ITR-V with Computation of Income, Audited P&L and Balance Sheet • Bank Statement: Last 12 months current account statements.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Existing current account holders apply via Axis NetBanking with digital ITR verification.

Pathway B

New Online Applicant (Fresh Digital)

1. Apply online at axisbank.com > Self-Employed Loans. Upload PAN, GST certificate, and last 2 years ITR-V.

Pathway C

Branch Walk-In Application

1. Visit nearest Axis Bank branch with 3 years ITR, P&L statement, balance sheet, and 12 months current account bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Axis Bank Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Axis Bank Personal Loan for Self-Employed

What is the minimum annual income required?

Minimum verifiable annual taxable income of ₹3 Lakhs as per latest ITR.

What is the foreclosure charge?

3% to 5% + GST on the principal outstanding after the initial 12-month lock-in period.

Is collateral required?

No collateral or asset mortgage is required.