Atharv Finance Services is a leading finance company committed to providing a wide range of financial services to individuals and businesses. Our mission is to offer personalized solutions that help our clients manage their finances, achieve their goals, and grow their businesses.
A business loan is a financial product designed to provide funding to businesses for various purposes, such as expansion, equipment purchases, working capital, or to cover operational expenses. These loans are typically offered by banks, credit unions, online lenders, or through government programs. The terms of business loans can vary widely depending on factors such as the lender, the borrower's creditworthiness, the purpose of the loan, and the economic climate. Generally, business loans may be secured with collateral or unsecured, with interest rates and repayment terms determined accordingly. Collateral could include assets like real estate, inventory, or equipment, which the lender can seize if the borrower defaults on the loan. Unsecured loans, on the other hand, don't require collateral but may have higher interest rates to compensate for the increased risk to the lender.
Applying for a business loan typically involves providing detailed financial information about the business, such as revenue, cash flow, profitability, and existing debt obligations. Lenders use this information, along with the borrower's credit history and business plan, to assess the risk and determine the terms of the loan. Business loans can come in various forms, including term loans, lines of credit, equipment financing, and SBA loans. Each type of loan has its own features and requirements, catering to different business needs and circumstances. Overall, business loans play a crucial role in helping businesses grow and thrive by providing access to capital that can be used to invest in assets, expand operations, or navigate through challenging times.
Enjoy more affordable home loans with appealing interest rates each month.
Approval of loans is at the discretion of Axis Bank and is subject to its terms and conditions as well as compliance with the regulatory requirements set
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Transfer your existing home loan to Axis Bank, without any hassles.
Avail or repay the home loan from the comfort of your home or office.
No prepayment charges for paying off your home loan before the due date (only for loans availed at floating rate of interest)
Premium banking customers can contact their Relationship Manager for details of special benefits.
Repay your home loan in smaller EMIs, over a longer tenure, depending on the situation of your finances.
For salaried individuals, securing a Home Loan requires a stable employment history, typically within government sectors or reputed companies. Applicants must be over 21 and not above 65 years or the age of retirement by the loan's end. Ensure a thorough check of your documents required for Home Loan, including employment verification and financial stability proofs, as it is the key to a successful application.
Professional applicants, such as doctors or engineers, are welcome to apply by Axis Bank for a Home Loan. The age limit is between 21 and 65 years. The Home Loan documents list extends to professional qualifications and proof of practice for these applicants to ensure credibility and a reliable repayment structure.
Self-employed business owners and entrepreneurs looking to invest in property must ensure comprehensive documents required for a Home Loan application, showcasing consistent income through tax returns. Eligibility hinges on being over 21 at loan initiation and under 65 at loan closure, with a strong financial record to support the application.
The minimum Home Loan amount starts at *3 lakh.
Bank stipulates varying margins for different Home Loan brackets. Loans up to 30 lakh require a 10% margin. For amounts extending from 30 lakh to 75 lakh, the margin is 20%. For Home Loan above 75 lakh, borrowers must maintain a 25% margin. These thresholds ensure financial prudence and loan affordability tailored to the borrower's needs.
| Bureau Score | Salaried | Self-employed |
|---|---|---|
| 751 and above | 15% p.a. | 18% p.a. |
| No Hit | <700 | 700 to 750 | 751 and above | |
|---|---|---|---|---|
| Vanilla Salaried (Home loans including Plot) |
9.30% | 9.65% | 9.50% | 8.75% |
A Home Loan Balance Transfer is the process of moving your existing Home Loan to a different lender. This may result in more favourable terms, such as a reduced interest rate or an extended repayment period, potentially accompanied by an increase in the loan amount.
Transferring the outstanding balance of your existing Home Loan to Axis Bank is prudent when you observe a favourable shift in interest rates, particularly if you hold a floating-rate loan where reduced rates can significantly lower your financial burden. Such a strategic transfer is worthwhile, especially if it results in a more attractive interest rate, thus diminishing the overall interest paid throughout the loan's tenure.
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Atharv Finance Services is a leading finance company committed to providing a wide range of financial services to individuals and businesses. Our mission is to offer personalized solutions that help our clients manage their finances, achieve their goals, and grow their businesses.
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