Axis Bank Car Loans Online – Get Instant quotes on Interest Rates 2015 ✓ Documents ✓ Eligibility Amount ✓ EMI for Axis car Loans ✓ Axis Bank Car Loan EMI Calculator.
Axis Bank Car Loan Interest Rates Updated on 13 November 2015
Base Rate of Axis Bank Now – 9.50%.
Axis Bank interest rates are among the most attractive Car Loan rates in India today. Via choosing flexible emi tenure helps you to pay less every month for your dream car.
|Interest Rates||11.50% – 12.50%|
|Processing fees||Rs.3500 – Rs.5500|
|Approval Time||Same Day|
Axis Bank offers uniquely tailored car loan products that take the pain and hassle out of buying a car. Flexible, transparent, quick, and cost-effective.
Features and Benefits of an Axis Bank Car Loan
✓ Loan To Value up to 95% of the ex-showroom price on selected Cars
✓ Auto loans available for salaried and self-employed individuals, proprietorships, HUF, Partnership firms, Limited Liability Partnership Firms, Trusts, Societies and Companies
✓ Special Banking surrogate schemes available
✓ Special Scheme for Axis Bank Salary A/C customers
✓ Repayments Options upto 7 year maximum, Minimum Tenor is 1 Year.
✓ Car Loan value calculated on ex-showroom price of the vehicle
✓ Minimum Loan amount of 1 Lakh
Eligibility Criteria for Axis Bank Car Loan
✓ Minimum age of applicant: 21 years (Salaried), 18 years(Self Employed),
✓ Income: Minimum Net Annual Salary of Rs. 2.4 Lac p.a. for all approved car models, Self Employed (Minimum Net Annual Business income of Rs. 1.8 Lac p.a. for selected models and Rs. 2.0 Lac p.a. for others)
✓ Income eligibility – As per latest ITR (Self Employed)
✓ Income eligibility: As per latest salary slip and Form 16 (Salaried)
Scheme for Salary Customers
All customers having their Salary A/c with Axis Bank since the past 3 months and working with the following organisation are eligible for axis bank car loan.
✓ Minimum age of applicant: 21 years
✓ Income: Minimum Net Annual Salary of Rs. 2.40 Lac p.a.
✓ Income eligibility: As per latest salary slip and Form 16
✓ Employment: Minimum 1 yrs of continuous employment
Documents Required for Axis Car Loans:
List of Car Loan documents required
Post Sanction / Pre Disbursement Documentation
✓ Age proof
✓ ID proof
✓ Application form
✓ Residence proof
✓ Income proof
✓ Bank statement
✓ Signature verification proof
✓ Loan Agreement duly signed along with RTO set
✓ Post Dated Cheques (PDCs) / ECS form / Standing Instruction (SI) request
✓ Margin money receipt
Axis Bank Car loan EMI Calculator
What is the best way to apply for an Axis Bank Auto Loan?
You can start the process of applying for an Auto Loan in any of the following three ways:
Online by clicking here.
In person at any Axis Bank Loan Center. To find the one closest to you, please click here.
What is the minimum amount of Auto Loan that I can get?
At Axis Bank, we offer Auto Loans from Rs. 1 lakh onwards
What process does the Bank follow after I apply for an Auto Loan?
Once Bank receive a completed application form along with necessary documents like income proof, identity proof, invoice, and so on, the following steps take place:
✓ Processing/approval of application.
✓ Sanctioning of the loan.
✓ Disbursement of loan.
Axis Bank will convey its decision within 30 working days from the date of receipt of the application provided the application is complete in all respects. The computation of 30 days shall starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank.
Can I make part-prepayment towards my Axis Bank Auto Loan? Will any charge be applicable?
Yes, you can make a part-prepayment towards your Auto Loan at your nearest Axis Bank Loan Center.
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