Axis Finance Limited (AFL) on Thursday announced the launch of the ‘Axis Finance Vyapar Business Loan’, a collateral-free credit product aimed at meeting the financing needs of micro and small businesses across semi-urban and rural India. The new offering provides loans of up to ₹10 lakh with flexible tenures and minimal documentation, enabling easier access to formal credit for self-employed entrepreneurs.
The Vyapar Business Loan is targeted at micro and small entrepreneurs operating in the retail, service and trading segments. The product can be used for working capital requirements, business expansion and equipment upgrades, with a simplified and quick loan approval process.
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.”
Earlier in the current fiscal, Axis Finance introduced Disha Home Loans for the Economically Weaker Section (EWS) and Low-Income Group (LIG) segments and launched Axis Finance Shakti, a Micro Loan Against Property (Micro LAP) product for micro-entrepreneurs and self-employed individuals.
Axis Finance continues to expand its presence across secured and unsecured lending segments, supported by technology-driven underwriting and an extensive distribution network.
