The Axis Bank provides Car loan to salaried, self-employed salaried as well as self-employed non – salaried individuals at attractive interest rates. The interest rates are fixed in nature and are in the range of 9.25% - 11.50%. Loan borrowers can avail car loan up to 100% of the on-road price of the purchased vehicle.
Loan Name | Interest Rate | Processing Fee | Loan Amount | Tenure |
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9.25%-11.50%, Fixed | Up to Rs 5,500 | 1,00,000 - 100% of on-road price | up to 36 months |
Details |
For Salaried Individuals:
For Self Employed Individuals:
For Self – Employed Non-Individuals :
Other Salaried Individuals who are Eligible for Car Loan
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8.90% - 17.00% | up to 1% of loan amount | from Rs 1 lakh onwards | up to 5 years |
Details |
Post Sanction, Pre disbursement Documentation
For Salaried Individuals:
For Self Employed Individuals:
For Self – Employed Non-Individuals:
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15.0% - 17.0% | 6000 | 50% of original loan amount | up to 5 years |
Details |
Post Sanction, Pre disbursement Documentation
For Salaried Individuals:
For Professionals:
Self Employed Individuals:
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15.0% - 17.0% | up to 1% of loan amount | maximum of up to Rs 30,00,000 | up to 5 years |
Details |
Q: What are the documents required to avail a car loan from Axis Bank?
A: The following are the list of documents required to avail Car Loan from Axis Bank
Q: How to apply for a car loan in Axis bank?
A: There are so many methods to apply for a car loan from Axis Bank:
Q: What is the minimum loan amount that I can get from Axis Bank?
A: Axis bank provides a minimum loan amount of Rs.1 lakh Rupees to buy a car and the maximum loan amount will depend on your eligibility criteria because they need to check borrower's income and repayment capacity.
Q: What is the loan tenure in the Axis bank?
A: Axis bank offers car loans with repayment tenures starting from 12 months and a maximum of up to 60 months only.
Q: What are the late payment charges?
A: Axis bank will charge 2% per month as charges in case of late payment.