Axis Bank Car Loan Interest Rates, Eligibility, Apply online

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Axis Bank Car Loan:

Axis Bank offers a best, unique & competitive features on car loans. By using Axis Bank Exclusive features you can buy any car and can avail exclusive benefits with Axis Bank Exclusive features.
axis bank car loan

Car loan Rates of Interest 2017:

    Minimum Interest Rate:
      1. 9.40%
    Maximum Interest Rate:
      1. 16.50%
    Mean Rate:
11.36%

Eligibility for Axis Bank Car Loan for Salaried and Non-Salaried Persons:

  • Salaried Person:
    • Age : The applicant should be Minimum 21 years.
    • Employment: Minimum 1 year of continuous employment for salaried employee.
    • Maximum 70 years of age at maturity for salaried person.
  • Self employee :
    • Age : The applicant should be Minimum 18 years.
    • Maximum 75 years of age at maturity for self employed.
  • Income:
    • The starting net salary of an applicant should be Rs 2.4 lakh per annum For all approved card models and For self-employed.
    • And the net annual income should be Rs 1.8 lakh per annum for selected models and the income should be Rs 2 lakh per annum for other categories.
  • Income eligibility: Income eligibility of the customer will be base on latest salary slip and Form 16.

Documents Required for Axis Car Loan:

The followings are the documents required to apply for axis bank car loan.

  • Age proof of the customer.
  • ID proof.
  • Photograph.
  • Application form.
  • Address proof.
  • Income proof.
  • Bank statement.
  • Signature verification proof.

Procedure & steps to apply for Axis Bank car loan:

How to apply for axis bank car loan.
You have two options to apply for axis bank car loan.
1.You can apply online.
“OR”
2.You can personally visit your nearest Axis Bank loan center.

The minimum amount of auto loans is Rs 1 lakh at axis bank. After receiving application and necessary documents the bank staff will initiates the following procedure.

  • After approval they will Process you application.
  • Documentation
  • Loan sanction
  • Disbursement

After verification of all your documents, If your loan application is complete and proper in all respects. You will receive a call from axis bank within 30 days from the date of submission of application. The period of 30 days will be calculated from the day when you submitted your application to the bank.

Features and benefits of Axis Bank Car Loan:

  • Axis Bank offers car loans at low interest rates to compare other banks.
  • Simple and transparent process.
  • Axis bank offers the option of flexible tenures.
  • All categories of customers can avail the benefits of car loan from axis bank.
    • salaried and self-employed individuals.
    • proprietorship, HUF, Partnership firms.
    • Limited Liability Partnership Firms.
    • Trusts, Societies and Companies, etc.
    • Loans are available from Rs. 1 Lakh and above
  • Customers who have a salary account with Axis Bank can avail special schemes for car loans.
  • Axis bank offers banking surrogate schemes.

Axis bank car loan EMI calculator & official link for online application:
Axis bank car loan EMI calculator.

By using the link given below you can calculate how much will a loan cost you every month?
you can check your eligibility and the applicable EMI for the amount of loan you wish to take from Axis Bank or any other bank.
https://www.axisbank.com/personal/calculators/car-loan-emi-calculator

 

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