Axis Bank Car Loan

Axis Bank Car Loan

Axis Bank Car Loan

Axis Bank is one of the leading and fastest growing banks of India. The bank offers its services in four segments. Namely treasury, Retail banking, corporate banking and other banking services. The bank Central office is located at Mumbai and registered office located at Ahmadabad.

Axis Bank offer car loan for its valuable customer. Now own your car with most flexible, quick and transparent car loan from Axis Bank. You can apply for the Car loan through internet banking. You just need to fill your basic information. Axis bank car loan available for buying new car as well as for Pre Owned Car.

Features and Benfits
For New Car For Pre Owned Car Loan against Car
Loan value up 85% for On Road Car. Get loan up to 90% of Car Value Get a loan up to 150% of car value
Axis Bank offer Special Scheme for Its existing customer. Attractive rate of interest start from 15% Rate of Interest start from 14.50%
The loan period is minimum for one year and maximum for 7 year For New Car Loan tenure up to 5 year No Income Proof/Document Required
On Selected LTV model loan up to 95% Pan India dealer tie up. For Axis account holder cash loan facility available.

Eligibility for Car Axis Bank Car loan

For Salaried Person

  • A Salaried Person age minimum should be 21 years & maximum 70 years.
  • Minimum net salary should be Rs. 20,000.00 per month.
  • Minimum one year of continues employment.

For Self Employed

  • A Self Employed age minimum should be 18 years.
  • For Self Employed minimum income should be Rs.1,80,000 per annum
  • Last 2 year ITR and audited financial reports
  • Minimum 3 year of continuity of same business.

For Salary Account Holder

  • A customer with a salaried account with Axis bank also eligible for Car loan.
  • Minimum age should be 21 years & maximum 70 years.
  • Minimum net salary should be Rs. 20,000.00 per month.
  • Minimum one year of continues employment.

Documentation for Axis Bank Car Loan

  For New Car For Pre Owned Car Loan against Car
Applicant Age Proof YES YES YES
ID Proof YES YES YES
Application form with photograph YES YES YES
Residential Address Proof YES YES YES
Proof of Income YES YES YES
Bank Statement YES YES YES
Signature Verification Proof YES YES YES
Car Verification Proof YES

Axis Car Loan Interest Rates and Charges

  Rate of Interest Processing Fees Documentation Charges
For New Car 11% – 12% Rs.3500.00 to Rs.5000.00 Rs.300.00
For Pre Owned Card 14.50% – 16.25% Rs.3500.00 to Rs.5000.00 Rs.300.00
Loan Against Car 14.50%-16.25% Rs.3500.00 to Rs.5000.00 Rs.300.00

Other Fees and Charges

Cheque Return Charges Rs.500.00
Duplicate Statement Charges Rs.500.00
Cheque Swap Charges Rs.500.00
Duplicate No Due Certificate Rs.500.00
Late Repayment penalty 2%
Loan Cancellation Charges Rs.1000.00
Foreclosure Charges 5% of Principal Outstanding +  S Tax
Part Payment Charges 5% of Principal Outstanding +  S Tax
Stamp Duty / Legal Charges As Applicable
CIBIL Report Rs.50.00

 

APPLY FOR AXIS BANK CAR LOAN NOW

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