Axis bank car loan is a type of Axis bank vehicle loan that you can avail to drive your dream car home. The bank offers loans for the purchase of new cars with a minimum amount of Rs 1 lac and up to 100% finance on select models. You can get the car loan from Axis bank at pocket-friendly interest rates starting from 7.99% per annum for a repayment tenure of up to 7 years. If you don’t want to wait to get your hands your dream car then you can take help from Axis bank vehicle loan.
|
Loan Amount |
Starts from Rs 1 lac |
|
Interest Charges |
Starts at 7.99 % per annum |
|
Processing Fees |
1% of loan amount plus applicable charges |
|
Repayment Tenure |
Up to 7 years |
|
Prepayment |
Up to 5% of principal outstanding |
Here are the notable features of Axis bank car loan that count:
Axis bank new car loans come with a financial back to help you buy that one dream car. The bank offers you funds to enable you to buy any new car ranging from entry level to premium sedans or SUVs.
Axis bank car loans come with loan amounts starting from Rs 1 lacs. The bank enables borrowers to enjoy up to 100% on-road price funding on select models. Car loan amount is also determined upon your income, age, repayment track and many other factors.
Axis bank car loan interest rates start from 7.55% per annum. The Axis bank vehicle loan interest rates are subject to multiple parameters like your credit score, income. existing liabilities etc.
The bank offers friendly loan repayment tenure options. Axis bank car loan repayment tenure ranges from 1 year to 7 years.
You can make prepayment or part-prepayment of your Axis bank car loan.
Here are the charges levied by the bank on prepayment and part-prepayment:
Here are the Axis bank car loan eligibility requirements that you must go through before applying for the loan:
You need to present certain Axis bank car loan documents that are required by the bank at the time of car loan application procedure.
Here are the documents required for Axis bank car loan:
|
Documents |
Salaried Applicants |
Self Employed Applicants |
|
Identity Proof |
Aadhar Card, Voter’s ID Card, Passport, Driving Licence |
Aadhar Card, Voter’s ID Card, Passport, Driving Licence |
|
Address Proof |
PAN Card, Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills |
PAN Card, Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills |
|
Income Proof |
Salary Slips, Bank Statements, Form 16 |
Balance sheet and profit and loss account, IT Returns, Business Proof |
|
Other Documents |
Passport-size Photographs, Duly Filled Application Form |
Passport-size Photographs, Duly Filled Application Form |
COMPARE OTHER BANK CAR LOAN INTEREST RATE:
|
BANKS |
INTEREST RATE |
|
7.50% to 9.90% |
|
|
8.00% to 10.75% |
|
|
8.80% to 10.50% |
|
|
8.00% to 24% |
|
|
9.25% |
|
|
9.30% to 12.85% |
|
|
Start at 12% |
|
|
Starts at 7.55% |
|
|
10.65% to 15.50% |
|
|
8.85% |
|
|
8.95% |
|
|
7.75% to 10.30% |
|
|
8.45% |
Here is how to calculate Axis bank car loan EMI using the Axis bank car loan EMI calculator:
Now you can check the payable Axis bank car EMIs.
You can also use the BankSathi car loan EMI calculator to view the total amount of your Axis bank car loan EMI. You have to go to the calculator and enter the loan amount, repayment tenure along with the rate of interest. Then, click the “Calculate” button. Now, you can see the detailed calculation of your loan cost.
Here are the simple ways to apply for Axis bank vehicle loan:
If you want to apply for an Axis bank car loan offline, then you have to go to the nearest branch of the bank. It is advised that you take all the important documents that are required for a car loan application when visiting the branch.
You can apply for Axis bank pre owned car loans online which is an easy and convenient way to get the loan. Here are the steps you can follow to apply for an Axis bank used car loan:
You will soon rêve in a call from Axis bank representative in regard with the next steps for car loan application. You can reach out to the bank customer service to learn more about the Axis bank car loan application procedure.
You can contact the Axis bank customer care if you have any other query, grievances or any complaints related to the Axis bank car loan.
Here is the Axis bank car loan customer care number:
1800-419-s5959
Other Products Offered by Axis Bank
The Axis bank car loan interest charges start at 7.99% per annum.
Axis bank charges a prepayment fee of 5% of the principal outstanding and a part-prepayment charge of 5% of the part amount.
Axis bank offers a minimum car loan amount of Rs 1 lac.
Applicants must be between the age bracket of 21 years and 65 years to be eligible for the Axis bank car loan.
The vehicle itself is hypothecated to the bank for the loan tenure.
You can opt from the following channels to make payment of your Axis bank car loan EMIs:
Here are the different ways to apply for Axis bank vehicle loan:
Know More About
You're eligible for a Axis Bank New 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 New Car Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 9.05% - 11.3% |
| Processing Fees | Rs.3500-Rs.5500 |
| Loan Tenure | 1 year to 8 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Car Loans EMI Calculator