Axis Bank Car Loan | Interest Rates | Eligibility | Information

Axis Bank Car Loans Online – Get Instant quotes on Interest Rates 2015, Documents, Eligibility Amount & EMI for Axis car Loans. Calculate EMI online with calculator.



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Axis Bank Car Loan Interest Rates Updated as on 01 August 2015

Rates of Interest Processing Fee*
11.50% – 12.50% Rs. 3500 to Rs. 5500

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

✓ LTV up to 95% of the ex-showroom price on select models
✓ loans available for salaried and self employed individuals, proprietorships and partnership firms and companies
✓ Banking surrogate schemes available
✓ Special Scheme for Axis Bank Salary A/C customers
✓ Repayments Options upto 7 year
✓ Car Loan value calculated on ex-showroom price of the vehicle

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

✓ 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
✓ Photograph
✓ 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


Calculate Loans EMI Online

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Interest Rate (Reducing) % Per Annum
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Yearly Interest Amount

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.
✓ Documentation.
✓ 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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