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AXIS Bank Car Loan

When one is dreaming of getting a new, lavish, extravagant car but worried of bearing the cost he/she can opt for AXIS bank car loan. This bank provides loan on easy terms and conditions. The main attraction of this car loan is that no income proof is required. There are three different types of car loans provided by Axis Bank with respective terms and conditions.

  1. New Car Loan
  2. Pre-owned Car Loan
  3. Loan against Car

Find below are the main features like Eligibility, Loan amount, Interst rates and Loan tenure etc.

1) Following are the main features of AXIS Bank New Car loan:

  • First and foremost required are the borrower’s personal and financial details with photographs .
  • Individuals age should be a minimum 21 years and maximum of 70 years of age at maturity
  • Minimum net annual salary of 2,40,000 per annum
  • The amount available for new cars starts from a minimum amount of Rs.1 lacs and up to 85% of road funding
  • The rate of interest is from 11% - 12% for the new car loans provided by Axis bank
  • The tenure period is from 1 year to the maximum of 7 years
  • The preferred car manufacturers are Maruti, Honda, Hyundai, Fiat, Ford etc.

Documents required to apply for a new Car loan at Axis bank: 

  • Age proof
  • ID proof
  • Application form
  • Photograph
  • Residence proof
  • Income proof
  • Bank statement
  • Signature verification proof
  • Pro-forma Invoice or Rate List

More latest information about the new car loans provided by Axis bank can be found here - Axis Bank New Car Loan

2) Following are the main features of AXIS Bank Pre-owned Car loan: 

  • All the documents stating the personal and financial details of the debtor
  • Individuals age should be a minimum 21 years and maximum of 70 years of age at maturity
  • Minimum net annual salary of 2,40,000 per annum
  • The amount available for pre-owned car loans starts from a minimum amount of Rs.1 lacs and up to 90% funding of valuation amount
  • The rate of interest is from 14,50% - 16.25 % for the pre-owned car loans provided by Axis bank
  • A minimum period of 4 days will be required to process the loan.
  • The tenure period is from 1 year to the maximum of 5 years for a Axis bank pre-owned car loan

Documents required to apply for a Pre-Owned Car loan at Axis bank: 

  • Age proof
  • ID proof
  • Application form.
  • Photograph
  • Residence proof
  • Income proof
  • Bank statement
  • Signature verification proof
  • Car Valuation report
  • RC copy in case of refinance
  • Post-sanction, Pre-disbursement Documentation:
  • Loan Agreement duly signed along with RTO set
  • Standing Instructions (SI) Request/ECS Form/Post Date Cheques (PDCs) – Security Cheques are required for SI and ECS

More latest information about the pre-owned car loans provided by Axis bank can be found here - Axis Bank Pre-owned Car Loan

3) Following are the main features of AXIS Bank Loan against Car:

  • First and foremost required are the borrower’s personal and financial details with photographs .
  • The amount available for new cars starts from a minimum amount of Rs. 10 lacs to the maximum amount of Rs. 85 lacs.
  • The rate of interest of repayment of the amount is 15.5% which has been fixed by the bank.
  • The tenure period is the maximum of 12 years.
  • The preferred car manufacturers are Maruti, Honda, Hyundai, Fiat, Ford etc.

More latest information about the loans against cars provided by Axis bank can be found here - Axis Bank Loan against Car

Looking for a Home Loan, click the link for more information - Axis Bank Home Loan 

Check your eligibility to apply for Car loan in Axis Bank :

Axis bank provides variour financial tools for the benefit of the customers to check their eligibility for securing an car loan from Axis Bank. You can access the tool in the below link:

Axis Bank Car Loan Eligibility Calculator

    Comments

    Hello, I want to buy Innova and its manufacturer is Toyota. can u give me details regarding loan whether it will sanction or not.

    I'm sorry to say there is absolutely no sercice over the phone. I am mentioning this as politely as possible "ladies/gentlemen please pick up the phones" I've tried calling on 1800 209 5577,1800 233 5577 and the Bangalore, Cox Town branch no responce, I'm a new customer with Axis Bank... I can be caotacted on 9999988365.

    I paid off my entire CAR LOAN amount 3 months back and recieved a notification on 4th July from the Axis bank, Customer Care that the NOC would be sent to me in 15 days. Unfortunately I havent received any communication since then. I dropped quite a few reminders and tried ringing the contact no.s but no response. I can be reached at 09177771435.

    ihave to buy a maruti 800 from true value worth rs 100000 i have an account in same bank i dont want to spent my own money so for this process what can you do plz write me full details as soon as my cell no 91659985

    I have received your sms on my mobile i.e. 9868950579 on 3 April 2012 at 8 34 44 Am that my outstanding balance in axis bank loan account number i.e. AU1260100087919 is Rs 89205. But after debited from my Punjab national bank account Rs 6143 on 3 April 2012 at 10 35 50 Am, I received another sms on 4th April 2012 that my outstanding balance is Rs 95348. The amount should be less than 89205. Please do the needful as soon as possible and send me the confirmation as soon as possible. I ll be thankful. Sunita Rani Sharma

    I paid my car loan AU0820100043686 fully on 20/02/2012. My last EMI Rs.7690/- was Rs.79 more than the due i.e Rs.7911/-. The phone numbers 24371900/24371901 are taken only once or two in a day, after trying for one hour I could contact only on 09/03/12. 17/03/2012. I was told by Mr Raghav that NOC and cheque for Rs. 79/- will be sent within 10days. But no NOC no refund of Rs.79/- and they donot take phone. This is the service given by so called best private bank. You try these numbers and if you are lucky after trying minimum 10 times out of that 5 times you will find engaged tone one rough and dry voice you will hear.

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