Empowering micro-entrepreneurs and self-employed individuals with accessible credit — Axis Finance Shakti, helps you unlock the value of your property to meet your business or personal financial needs.
Designed for small business owners, traders and self-employed professionals across sectors such as manufacturing, trading, and services, this product enables customers to leverage their property for growth and working capital needs.
Avail a loan of up to ₹75 Lakhs with tenure up to 15 years, backed by minimal documentation, simple processes and quick approvals.
With loans available against a wide range of property types, Axis Finance Shakti makes formal credit accessible for India’s growing micro and small business segment.
₹50,000
₹10,00,00,000
Your EMI
₹ 50,000*Equated Monthly Installment
Total Amount Payable
1,37,621
AFL Loan Application Form_English_DC_241025_Digital
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ML Loan Agreement English 04032025
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ML Loan Agreement Gujarati V290325
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ML Loan Agreement Kannada V290325
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ML Loan Agreement Bengali V290325
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ML Loan Agreement Malayalam V290325
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ML Loan Agreement Hindi V290325
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ML Loan Agreement Punjabi V260325
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ML Loan Agreement Marathi V290325
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PL Loan Agreement English V290325
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PL Loan Agreement Punjabi V290325
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BL Facility Agreement English V290325
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BL Loan Agreement Hindi V290325
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BL Loan Agreement Bengali V290325
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BL Loan Agreement Gujarati V290325
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BL Loan Agreement Kannada V290325
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BL Loan Agreement Malayalm V290325
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BL Loan Agreement Marathi V290325
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BL Loan Agreement Oriya V290325
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BL Loan Agreement Punjabi V290325
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BL Loan Agreement Tamil V290325
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BL Loan Agreement Telugu V290325
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BL Loan Agreement Urdu V290325
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KFS and Sanction Letter Bengali 290325
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KFS and Sanction letter Marathi 290325
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KFS and Sanction letter Punjabi 290325
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KFS and Sanction Letter English 290325
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KFS and Sanction Letter Gujarati 290325
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KFS and Sanction Letter Hindi 290325
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KFS and Sanction Letter Kannada 290325
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KFS and Sanction Letter Malayalam 290325
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KFS and Sanction Letter Oriya 290325
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KFS and Sanction Letter TAMIL 290325
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KFS and Sanction Letter Telugu 290325
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KFS and Sanction Letter Urdu 290325
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If you can not find your answers to your questions in our FAQ's, you can get in touch with us.
A Axis Finance Shakti Micro LAP is a secured loan where you mortgage your residential or commercial property which is fully constructed.
End Use of Axis Finance Shakti Micro LAP can be for any personal or business usage. It can also be availed for transferring your outstanding loan availed from another Bank/ Financial Institution.
Axis Finance would only allow you to apply for a joint Axis Finance Shakti Micro LAP if the application is co-signed by one or more members.
Yes, it is mandatory to have a Co-applicant while applying for a loan
Security of the loan would generally be security interest on the loan along with a property as a collateral. Any interim security as may also be required by us for processing the loan.
Below are the general lists of documents required:
Individual
Non Individual
Loan can be opted against fully constructed, freehold residential and commercial property. It may include residential plots, Self-occupied, rented or vacant residential property, Self-occupied or rented commercial property and mixed usage properties.
At Axis Finance for Axis Finance Shakti Micro LAP you can avail up to 65% of your Property value as a Loan.
Income, Banking, and Property value is simultaneously assessed by Axis Finance to decide the loan eligibility.
In case you wish to increase your EMI amount instead of increasing the Tenure (in case of rate change), you can simply approach the customer care or write to us at: customer.support@axisfinance.in & inform the same. Respective reschedule charges will be applicable for which you can refer to the Schedule of charges https://www.axisfinance.in/policies-and-standards/schedule-of-charges
Loan documents such as Loan Statement, Repayment Schedule and Interest Certificate can be downloaded from our self service channel using Customer Portal and WhatsApp services post loan disbursement.
Axis Finance Shakti Micro LAP tenure ranges up to 180 months, subject to fulfilment of our Axis Finance (AFL) Internal Policy‚ Credit Criteria, Age of borrowers at loan maturity.
In case if you wish to change your bank account for making EMI Payments, a fresh E-Nach Registration would be initiated by AFL which has to be ratified/ processed by the customer. Customer may submit the request with necessary supporting documents for AFL to review.
We proactively arrange handover of property paper within 30 days of loan closure/ foreclosure. If there are any specific handover request, you can reach out to the customer service team.
EMI is calculated basis the loan amount, Loan tenure and the Borrowing rate.
EMI = [PxRx (1#RJ*N]/[(1+R)*N - 1], where P is the Loan Amount‚ R is the Borrowing Rate and N is the Loan tenure.
Currently we are following two EMI due dates which either can be 5th or 10th of every month depending on internal assessment and customer preference.
NACH is the preferred mode of payment for loan repayments. Follow the link to know about our available payment options https://www.axisfinance.in/payment-options.
Yes, a Processing fee is applicable, which is up to 2% + GST.
There are different type of charges applicable post loan disbursement. For detailed information, request you to refer our schedule of charges https://www.axisfinance.in/policies-and-standards/schedule-of-charges.
In case of partially disbursed cases, the interest accrued on the partially disbursed facility is called Pre-EMI Interest.
A Top UP loan is an additional loan that you can avail on your existing loan.
All customers with an existing LAP can apply for a Top Up Loan. New customers availing our Balance Transfer loan can also additionally avail a top up loan from AFL. You can apply for a Top Up Loan after 12 months of the fınal disbursement of your existing Loan.
No Additional Security is required for a Top-up loan as the loan is sanctioned on the existing Axis Finance Shakti Micro LAP loan provided collateral value suffices the requirement.
The usual TAT to process Axis Finance Shakti Micro LAP is around 15 days subject to all document fulfilment done by the customer.
Existing contact number & email id can be changed through Axis Finance customer portal‚ else a written request to be submitted along with valid identity and address proof to. customer.support@axisfinance.in