NE BUSINESS BUREAU
CHENNAI, JAN 8
In a significant boost to India’s grassroots economy, Axis Finance Limited (AFL)—one of the country’s fastest-growing non-banking financial companies (NBFCs)—has launched the ‘Axis Finance Vyapar Business Loan’, a collateral-free credit solution aimed at empowering micro and small businesses across semi-urban and rural markets.
Tailored for entrepreneurs in the retail, service and trading segments, the Vyapar Business Loan offers funding of up to ₹10 lakh, with flexible repayment tenures and zero collateral requirements. Designed to meet everyday business needs, the loan can be used for working capital management, business expansion or equipment upgrades, ensuring that small enterprises are not constrained by lack of timely credit.
- New collateral-free loan product targets micro and small businesses across semi-urban and rural India
- Loans of up to ₹10 lakh with flexible tenures, minimal documentation and quick access to funds
- Designed to support working capital needs, business expansion and equipment upgrades
- Strengthens Axis Finance’s push towards inclusive, technology-led lending for self-employed Indians
With minimal documentation and a simplified process, the product promises quick, hassle-free access to finance, addressing one of the biggest challenges faced by India’s self-employed community—dependence on informal and high-cost borrowing.
Speaking on the launch, Sai Giridhar, MD & CEO, Axis Finance Limited, said, “Micro and Small entrepreneurs are the backbone of India’s economy. Through Vyapar Business Loan, we aim to make formal credit more inclusive by providing collateral-free finance to shopkeepers, traders and service providers across the country. The product enables small business owners to scale operations, enhance working capital and fulfil growth aspirations with confidence and efficiency.”
He further added, “Our focus remains on leveraging technology and data-driven underwriting to deliver faster turnaround time and superior customer-friendly experiences. Vyapar Business Loan marks a significant step in our journey to empower India’s self-employed community with simple, secure, and scalable credit solutions.”
The launch builds on Axis Finance’s recent initiatives in inclusive lending. Earlier this fiscal year, the company introduced Disha Home Loans to make homeownership accessible for the Economically Weaker Section (EWS) and Low-Income Group (LIG) segments, and rolled out Axis Finance Shakti, a Micro Loan Against Property (Micro LAP) product for micro-entrepreneurs, traders and self-employed individuals.
By adding Vyapar Business Loan to its portfolio, Axis Finance further reinforces its commitment to inclusive economic growth, enabling local enterprises to expand operations, create livelihoods and contribute to the broader economy.
With a strong and expanding presence across secured and unsecured lending, Axis Finance is backed by robust systems, advanced technology, strong underwriting capabilities and an extensive distribution network, ensuring a seamless and customer-centric experience across India’s emerging markets.
