Axis Bank – Self-Employed Professional Business Loans
Axis Bank offers a range of tailor-made loan solutions specifically designed for self-employed individuals and professionals. These programs help you access funds without much hassle, using your profession, income proof, or business performance as the base.
1. SEP Income Program
This option is for self-employed professionals like Doctors, Chartered Accountants, Architects, and Engineers who want higher loan limits based on their declared income.
- Loan Amount: Up to ₹1 Crore
- Loan Tenure: Up to 5 years
- Eligibility:
- Must provide income proof such as financial statements, ITRs, or GST returns
- Special deals available for doctors
- At least 3 years of work experience in the current profession
- Applicant must be between 24 and 65 years of age
- Either home or office must be owned property
2. Banking Surrogate Program
Ideal for small businesses that maintain healthy bank transactions, even if formal income documents are limited.
- Loan Amount: Up to ₹65 Lakhs
- Loan Tenure: Up to 4 years
- Eligibility:
- Based on average monthly bank statement credits
- Minimum 3 years of business track record
- Age range: 24 to 65 years
- Either the residence or place of work must be owned
3. ITR-Based Loan Program
This program suits self-employed individuals who regularly file income tax returns and want to leverage them for a loan.
- Loan Amount: Up to ₹15 Lakhs
- Loan Tenure: Up to 3 years
- Eligibility:
- Proof of consistent ITR filings
- Business should have been operational for at least 3 years
- Applicant’s age must be between 24 and 65 years
- Ownership of either residence or office is mandatory
4. GST Return Based Program
Designed for business owners whose earnings are reflected in GST returns.
- Loan Amount: Up to ₹25 Lakhs
- Loan Tenure: Up to 3 years
- Eligibility:
- Must provide valid and consistent GST returns
- Business must be active for at least 3 years
- Applicant age: 24–65 years
- Must own either a house or an office space
5. Doctor’s Degree Program
A special loan product for qualified doctors who have completed at least an MBBS.
- Loan Amount: Up to ₹20 Lakhs
- Loan Tenure: Up to 5 years
- Eligibility:
- Applicant must hold a valid MBBS or higher medical degree
- Must be practicing for at least 3 years
- Age should be between 24 and 65 years
- Either their clinic or house must be owned
6. Cash Credit and Overdraft Limit Surrogate
This is useful for businesses already using overdraft or cash credit facilities and looking for additional funding.
- Loan Amount: Up to ₹25 Lakhs
- Loan Tenure: Up to 3 years
- Eligibility:
- Assessed based on usage of existing overdraft/cash credit limits
- Business must be running for at least 3 years
- Age between 24 and 65 years
- Applicant must own either their office or home
General Requirements for All Programs:
- Valid KYC documents (PAN, Aadhaar, Address Proof)
- Proof of business continuity for 3+ years
- Clean credit history preferred
- Age must be between 24 and 65
- Either residence or business premises must be self-owned
