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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