Mumbai:
Axis Finance Limited (AFL), one of India’s
fastest-growing non-banking financial companies (NBFCs), today announced the
launch of ‘Axis Finance Vyapar Business Loan’ — a collateral-free credit
solution designed to meet the financing needs of micro and small businesses
across semi-urban and rural markets in India.
Vyapar Business Loan aims to
empower micro and small entrepreneurs across the retail, service, and trading
segments by offering loans of up to ₹10 lakh, flexible tenures, and zero
collateral requirements. The product offers a convenient financing solution for
working capital, business expansion, or equipment upgrades. With minimal documentation
and simplified process, it ensures quick and hassle-free access to credit for India’s
self-employed community.
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 this fiscal year, Axis Finance introduced Disha
Home Loans to make homeownership more accessible for the Economically Weaker
Section (EWS) and Low-Income Group (LIG) segments, and also launched Axis
Finance Shakti, a Micro Loan Against Property (Micro LAP) product for
micro-entrepreneurs, traders and self-employed individuals. Building on these
initiatives, Vyapar Business Loan further strengthens AFL’s commitment to inclusive
lending, enabling local enterprises to scale operations and economic growth.
Axis Finance has a strong and growing presence in both
secured and unsecured lending segments, backed by robust systems, advanced
technology, strong underwriting capabilities, along with an extensive
distribution network focused on delivering a seamless customer experience
across emerging markets.