Advertisement
Axis Finance Limited (AFL) has introduced its new Micro Loan Against Property (Micro LAP) product, Axis Finance Shakti, aimed at enhancing financial inclusion for micro-entrepreneurs, traders, and self-employed individuals. Announced earlier this week on the occasion of Dhanteras, the initiative focuses on simplifying loan access with flexible repayment options, wider collateral acceptance, and minimal documentation, empowering customers from emerging markets to utilise property assets for both personal and business growth.
Axis Finance Limited (AFL), one of India's rapidly expanding non-banking financial companies, announced the launch of Axis Finance Shakti, a Micro Loan Against Property (Micro LAP) product, earlier this week on the auspicious occasion of Dhanteras. The offering has been tailored to meet the needs of emerging customer segments by providing financial solutions designed for both business and personal purposes. Advertisement
The new product primarily targets micro-entrepreneurs, traders, and self-employed individuals engaged in manufacturing, trading, and services sectors, along with salaried customers. With a focus on minimal documentation and simplified loan processes, the initiative aims to improve access to formal credit for diverse business profiles. Axis Finance Shakti offers flexible repayment tenures and accepts a wide range of property types as collateral, enabling customers to leverage their property for business expansion, working capital, or personal aspirations.
Sai Giridhar, Managing Director and Chief Executive Officer of Axis Finance Limited, stated that the launch reaffirmed the company's commitment to advancing financial inclusion and delivering customer-centric products. He mentioned that this product was designed to support those who often face difficulties obtaining formal credit by introducing flexible tenures, broad collateral acceptance, and simplified procedures to help them utilise their property assets effectively for growth. He further said that with the integration of technology and efficient operational processes, the company aims to extend its reach across emerging markets and offer a seamless experience to its customers.
Earlier this fiscal year, Axis Finance introduced Disha Home Loans, a product designed to make homeownership more accessible for individuals from the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories. Building on that success, Axis Finance Shakti now provides small-ticket property loans of up to INR 75 lakh, thereby helping customers unlock financial opportunities for both personal and business advancement. Axis Finance continues to maintain a strong presence in the secured mortgage segment with robust systems, technology, underwriting capabilities, and a skilled distribution network.
Through the launch of Axis Finance Shakti, the company has strengthened its efforts to bridge the credit accessibility gap for underserved segments in India. By offering small-ticket loans with simplified documentation and flexible repayment tenures, the initiative enables micro-entrepreneurs and self-employed individuals to unlock financial potential through their property assets. This move not only complements AFL's previous affordable housing initiatives but also reinforces its vision of extending financial empowerment across India's emerging markets.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
