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.
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.
|
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 |
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 |
|
BANKS |
INTEREST RATE |
|
9.05% to 11.30% |
|
|
14.80% to 16.80% |
|
|
13.99% |
|
|
15.00% |
|
|
8.00% to 10.75% |
|
|
8.70% to 9.20% |
|
|
9.75% |
|
|
8.70% to 9.5% |
|
|
8.80% to 10.50% |
|
|
12.75% to 15.30% |
|
|
13.75% to 16% |
|
|
8.00% to 24% |
|
|
9.25% |
|
|
9.30% to 12.85% |
|
|
9.30% to 9.90% |
|
|
12% to 14% |
|
|
10.65% to 15.50% |
|
|
8.85% |
|
|
8.95% |
|
|
7.75% to 10.30% |
|
|
8.45% |
|
|
8.9% to 9.35% |
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
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The processing fee is charged by AXIS Bank balance transfer and top up car loan is 1% of the loan amount.
The minimum tenure is 1 year and maximum tenure is 5 years of AXIS Bank balance transfer and top up car loan
You can apply online for an 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.
The interest rate charged by an AXIS Bank balance transfer and top up car loan starts from 15%.
Last Updated on : 29/Sep/2020Know More About
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
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 |
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