Axis vs LIC Business Loan, 2026.
Reviewed by Jay Patel· Last reviewed:
A ledger-columns read on Axis Bank and LIC Housing Finance— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
Axis vs LIC — Business Loan Comparison
Key parameters compared side by side.
| Parameter | Axis | LIC |
|---|---|---|
| Interest Rate (p.a.) | 11.25% – 15.75% | 11.5% – 15% |
| Processing Fee | 1.50% (min Rs 10,000) | 1.50% (min Rs 10,000) |
| Max Loan Amount | Rs 3 Cr | Rs 3 Cr |
| Max Tenure | 5 Years | 5 Years |
| Bank Type | Private Sector | NBFC |
| Founded | 1993 | 1989 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
Axis
11.25% – 15.75%
LIC
11.5% – 15%
Lower/better: Axis
Processing Fee
Axis
1.50% (min Rs 10,000)
LIC
1.50% (min Rs 10,000)
Max Loan Amount
Axis
Rs 3 Cr
LIC
Rs 3 Cr
Max Tenure
Axis
5 Years
LIC
5 Years
Bank Type
Axis
Private Sector
LIC
NBFC
Founded
Axis
1993
LIC
1989
Headquarters
Axis
Mumbai
LIC
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 20 Lakh business loan for 5 years at each bank's listed starting rate.
Axis
LIC
Savings: Choosing Axis saves you approximately ₹250 per month, or ₹15,000 in total interest over the loan tenure.
Feature Comparison
Key features offered by Axis and LIC for business loan.
| Feature | Axis | LIC |
|---|---|---|
| Evolve business loan for SMEs | ||
| Online account linking | ||
| End-to-end digital journey | ||
| Doorstep service available | ||
| Property-backed business loans | ||
| Competitive NBFC rates | ||
| Quick processing | ||
| Pan-India presence |
Evolve business loan for SMEs
Online account linking
End-to-end digital journey
Doorstep service available
Property-backed business loans
Competitive NBFC rates
Quick processing
Pan-India presence
Which Is Better — Axis or LIC?
It depends on your priorities. Here is a quick guide.
Choose Axis If...
- Lower starting interest rate (11.25% vs 11.5%)
Choose LIC If...
- Lower maximum rate (15% vs 15.75%)
Need context for this comparison? Contact Money Matrix Hub to discuss the displayed lender information. Any service terms and lender decisions should be confirmed before proceeding.
Eligibility Comparison
General eligibility criteria for business loan at both banks.
Axis Eligibility
- Business vintage: 2+ years (ITR required)
- Min annual turnover: Rs 15 Lakh
- CIBIL score: 650+ preferred
- Valid GST registration
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
LIC Eligibility
- Business vintage: 2+ years (ITR required)
- Min annual turnover: Rs 15 Lakh
- CIBIL score: 650+ preferred
- Valid GST registration
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about Axis vs LIC business loan.
Which bank has a lower business loan interest rate in 2026 — Axis or LIC?
Axis currently shows a lower published starting rate of 11.25% p.a. for business loan. However, the actual rate you receive depends on lender eligibility, current documentation, credit score, income, and loan amount. Money Matrix Hub can help you compare available lender information from both banks.
What is the maximum business loan amount I can get from Axis vs LIC?
Axis offers a higher maximum loan amount of up to Rs 3 Cr. Axis offers up to Rs 3 Cr while LIC offers up to Rs 3 Cr for business loan.
Which bank charges a lower processing fee for business loan — Axis or LIC?
Axis lists a processing fee of 1.50% (min Rs 10,000), while LIC lists 1.50% (min Rs 10,000). Fees and waivers can depend on lender policy and borrower eligibility, so confirm the current Key Fact Statement before accepting an offer.
Should I choose Axis or LIC for business loan in 2026?
The best choice depends on your specific needs. Axis offers rates from 11.25%–15.75% with a max tenure of 5 years, while LIC offers 11.5%–15% with 5 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a business loan from both Axis and LIC?
Money Matrix Hub can help you compare available lender information for Axis and LIC. Any application, credit enquiry, offer, sanction decision, lender fee, and borrower charge are subject to the relevant lender's current policy and documentation.
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