Axis Bank Car Loans
| Rates of Interest | Processing Fee* |
|---|---|
| 11.50% | 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.
take the pain and hassle out of buying a car. Flexible,
transparent, quick, and cost-effective.
Documents Required for Axis Car Loans:
List of Car Loan documents required
| Post Sanction / Pre Disbursement Documentation |
|
|
Features and Benefits of an Axis Bank
Car Loan
- up to 90% of the ex-showroom price finance
- loans available for salaried and self employed individuals, proprietorships and partnership firms and companies
- Special schemes for Axis Bank Salary account holders
- Repayments Options upto 5 year
- Public limited ,private Limited companies
- MNCs
- Permanent employees of State / Central Government
- Permanent employees of Public Sector Undertakings
- Permanent employees of reputed schools / colleges
Eligibility
Salaried Individuals
| Self-employed Individuals
|
- Minimum age of applicant: 21 years
- Maximum age of applicant at loan maturity: 60 years
- Income: Minimum Net Annual Salary of Rs. 1.5 Lac p.a. for selected models and Rs. 2.5 Lac p.a. for others.
- Income eligibility: As per latest salary slip or Form 16
- Employment: Minimum 2 yrs of continuous employment
Scheme for Priority Customers
- For Cat A and Cat B cars the account must have an AQB of Rs. 1 Lac for last 4 completed quarters.
- For Cat C cars the account must have an AQB of Rs. 2.5 Lac for last 4 completed quarters.
- For Cat D cars the account must have an AQB of Rs. 5 Lac for last 4 completed quarters.
- Maximum loan amount restricted to 3 times the AQB in the last 4 quarters
