Axis Bank Car Loans
Axis bank is providing Car loans to make easy buying a car for an individual or family. You can apply Axis bank car loans in the following link : https://loans.axisbank.com/car-loan.html?WT.mc_id=CarLoan_Sec_applynow
Features and Benefits of an Axis Bank Car Loan
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.
Car Loan value calculated on ex-showroom price of the vehicle
Attractive interest rates on Car Loans
LTV of up to 90% of the ex-showroom price on select models
Auto loans available for salaried and self employed individuals, proprietorships and partnership firms and companies
Special Car Loan schemes for Axis Bank Salary accountholders
Banking surrogate schemes available
Loans offered from Rs. 1 lakh
Car Loans tenure from 1 year to 5 years
Calculate your monthly outgo with Axis bank Car Loan EMI Calculator
Special Benefits available for Priority Banking customers
Axis Bank offers Car Loans at attractive interest rates to both salaried and self-employed individuals who meet age and income eligibility criteria.
Salaried 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
Self-employed Individuals
Minimum age of applicant : 21 years
Maximum age of applicant at loan maturity : 65 years
Income: Minimum Net Annual Business income of Rs. 1.5 Lac p.a. for selected models and Rs. 2.5 Lac p.a. for others
Income eligibility - As per latest ITR and computation of income
Employment : Minimum 3 yrs in same line of business.
*All of the above is subject to terms and conditions.
Scheme for Priority Customers
Eligibility All Priority customers, with a vintage of 12 months
and A minimum Average Quarterly Balance as below:
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
Scheme for Salary Customers.
All customers having their Salary A/c with Axis Bank since the past 3 months and working with the following organisation are eligible for this product.
Eligibility
Public limited ,private Limited companies MNCs
Permanent employees of State / Central Government
Permanent employees of Public Sector Undertakings
Permanent employees of reputed schools / colleges
Documentation:
List of Car Loan documents required
Age proof
ID proof
Application form
Photograph
Residence proof
Income proof
Bank statement
Signature verification proof
Proforma invoice
Post Sanction / Pre Disbursement Documentation
Loan Agreement duly signed along with RTO set
Post Dated Cheques (PDCs) / ECS form / Standing Instruction (SI) request
Margin money receipt
Parameters
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