AXIS Bank Balance Transfer and Top up Car Loan Interest Rates

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AXIS BANK BALANCE TRANSFER AND TOP UP CAR LOAN 

ABOUT AXIS BANK BALANCE TRANSFER AND TOP UP CAR LOAN :

AXIS Bank is the third largest private sector bank in India and offers a range of financial products. It is one of the first new generation private sector banks. AXIS Bank was founded on 3rd December 1993 and began its operations in 1994. It also provides for both salaried and self employed individuals to meet their financial needs. AXIS Bank head office in Mumbai, Maharashtra.

Get easy funding to purchase the car you want with Balance Transfer and Top Up Car Loan. The benefits of Balance Transfer and Top Up Car Loan also have high-value loans Upto 150% of the original loan amount and enjoying interesting interest rates starting at 15% p.a. Priority Banking customers can get special benefits for a maximum tenure of 5 years.

BENEFITS OF AXIS BANK BALANCE TRANSFER AND TOP UP CAR LOAN :

1. Low interest rate :

AXIS Bank balance transfer and top up car loan offers the lowest interest rate to their customers and it starts from 15%. Basically the rate of interest will be decided by the bank according to the customer age, employment type, overall profile and the most probably Cibil score. So, there will be a very good chance for the customer to get an attractive and lower interest rate.

2. Flexible tenure options :

The Axis Bank balance transfer and top up car loans are taken to meet their sudden needs of the customers. It provides a flexible loan tenure period of minimum 1 year and maximum 5 years and with this you can easily repay your loan.

3. Fast processing :

The customers should be processing for the balance transfer and top up car loan from AXIS Bank in a very quick and easy way. So customers do not have to wait so many times for the processing of car loans.

4. Minimum documentation required :

Axis Bank balance transfer and top up car loans provides less and minimal documentation for the customers. It is not required to submit so many documents for a personal loan. The process of documentation is very simple and fast. Existing customers of AXIS Bank can enjoy pre approved offers of top up loans without need for any document.

FEE AND CHARGES OF AXIS BANK BALANCE TRANSFER AND TOP UP CAR LOAN :

TYPE

CHARGES

Processing fee

1% of the loan amount

Cheque bounce

Rs. 500

Xerox statement issuance fee

Rs. 500

NOC

Rs. 500

Penal Interest

2% p.m.

Re-Booking

Rs. 2,500

Foreclosure fee

5% of Part-payment amount

Credit report issuance

Rs. 50

Documentation fee

Rs. 500

Registration charge

Rs. 200

DOCUMENTS REQUIRED FOR AXIS BANK BALANCE TRANSFER AND TOP UP CAR LOAN :

While applying for a car loan properly check all the documents that are mentioned below. Without these documents, a loan is not possible to get. 

TYPE

Id Proof

Address proof

Income proof

Salaried

Aadhar card, pan card, passport, voter id

Electricity bill, registry, rental agreement, voter id, Aadhar card

Last 6 month bank statement, salary slip last 3 month

Self-employed

Aadhar card, pan card, passport, voter id

Electricity bill, registry, rental agreement, voter id, Aadhar card telephone bill

Last 3 month bank statement, latest ITR, Registered Lease Document with other utility bills

Partnership Firms/private limited companies

Aadhar card, pan card, passport, voter id

Electricity bill, registry, rental agreement, voter id, Aadhar card telephone bill

Last 3 month bank statement, latest ITR, Registered Lease Document with other utility bills,

Sales Tax or VAT Certificate,

Shop & Establishment Act Certificate

COMPARE OTHER BANKS CAR LOAN INTEREST RATE :

BANKS

INTEREST RATE

AXIS Bank New Car Loan

9.05% to 11.30%

AXIS Bank Pre-Owned Car Loan

14.80% to 16.80%

AXIS Bank Loan Against Car

13.99%

AXIS Bank Balance Transfer and Topup Car loan

15.00%

SBI New Car Loan Scheme

8.00% to 10.75%

SBI Combo Loan Scheme

8.70% to 9.20%

SBI Pre-Owned Car Loan

9.75%

SBI Loyalty Car Loan Scheme

8.70% to 9.5%

HDFC Bank New Car Loan

8.80% to 10.50%

HDFC Bank Used car loan

12.75% to 15.30%

HDFC Bank Loan Against Car

13.75% to 16%

Kotak Mahindra Bank Car Loan

8.00% to 24%

Yes Bank Car Loan

9.25%

ICICI Bank Car Loan

9.30% to 12.85%

IDBI Bank Car Loan

9.30% to 9.90%

RBL Bank Car Loan

12% to 14%

IndusInd Bank Car Loan

10.65% to 15.50%

Bank of Baroda Car Loan

8.85%

Bank of India Car Loan

8.95%

Canara Bank Car Loan

7.75% to 10.30%

Indian Bank Car Loan

8.45%

Punjab National Bank Car Loan

8.9% to 9.35%

HOW TO APPLY ONLINE FOR AXIS BANK BALANCE TRANSFER AND TOP UP CAR LOAN :

  • First of all visit to the website of AXIS bank

  • On homepage of go to “explore products”

  • After that go to “retails” and then on “loans”

  • In loans section click on “car loan” and then click on “Balance Transfer and Top Up car loan”

  • Click on apply now button

  • Fill the application form 

  • Attach all required with application form

  • Submit the form and wait for the approvaL

FINANCIALS PRODUCTS OFFERED BY BANKS :

BUSINESS LOAN

 

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

FREQUENTLY ASKED QUESTIONS :

1. How much processing fee charged by AXIS Bank balance transfer and top up car loan?

The processing fee is charged by AXIS Bank balance transfer and top up car loan is 1% of the loan amount.

2. What  is the minimum and maximum tenure of AXIS Bank balance transfer and top up car loan?

The minimum tenure is 1 year and maximum tenure is 5 years of AXIS Bank balance transfer and top up car loan

3. How to apply for an Axis Bank balance transfer and top up car loan ?

You can apply online for an AXIS Bank balance transfer and top up car loan.

4. What is the minimum loan amount of AXIS Bank balance transfer and top up car loan?

The minimum loan amount of  AXIS Bank balance transfer and top up car loan is Rs 1 lakh.  

5. How much interest is charged by an AXIS Bank balance transfer and top up car loan?

The interest rate charged by an AXIS Bank balance transfer and top up car loan starts from 15%.

Last Updated on : 25/Jul/2020

Know More About

Axis Bank Balance Transfer And Topup Car Loan

You're eligible for a Axis Bank Balance Transfer And Topup Car Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Car Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Axis Bank Balance Transfer And Topup Car Loan Interest Rates

Updated on 25 Nov 2017

Axis Bank Balance Transfer And Topup Car Loan Details
Interest Rate (Monthly reducing balance) 15% - 0%
Processing Fees 1% of the loan amount
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Car Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959