Axis Bank India - Car Loans - Complete Details
Axis Bank India offers a variety of car loans to meet the needs of its customers. Whether you are looking for a new or used car, Axis Bank has a loan option that is right for you.
New Car Loans
Axis Bank offers new car loans with interest rates starting at 8.65%. The loan amount can be up to 100% of the on-road price of the car, and the loan term can be up to 7 years.
Used Car Loans
Axis Bank also offers used car loans with interest rates starting at 9.65%. The loan amount can be up to 100% of the purchase price of the car, and the loan term can be up to 5 years.
Features and Benefits of Axis Bank Car Loans
- Competitive interest rates
- Loan amounts up to 100% of the on-road price
- Loan terms up to 7 years
- Flexible repayment options
- No prepayment penalty
- Online loan application process
Eligibility Criteria for Axis Bank Car Loans
- Indian resident
- Aged 21 to 65 years
- Salaried or self-employed
- Good credit score
Required Documents for Axis Bank Car Loans
- Identity proof (PAN card, driving license, etc.)
- Address proof (Aadhaar card, utility bill, etc.)
- Income proof (salary slips, bank statements, etc.)
- Car purchase invoice
How to Apply for an Axis Bank Car Loan
You can apply for an Axis Bank car loan online or at any Axis Bank branch. The online application process is quick and easy, and you can get a decision on your loan within minutes.
To apply for an Axis Bank car loan online, visit the Axis Bank website and click on the "Car Loans" tab. Then, click on the "Apply Now" button and follow the instructions on the screen.
If you prefer to apply for an Axis Bank car loan in person, visit any Axis Bank branch and meet with a loan officer. The loan officer will help you complete the loan application and submit the required documents.
FAQs About Axis Bank Car Loans
- What is the minimum loan amount I can apply for?
- What is the maximum loan amount I can apply for?
- What is the interest rate on Axis Bank car loans?
- What is the loan term for Axis Bank car loans?
- What are the eligibility criteria for Axis Bank car loans?
- Indian resident
- Aged 21 to 65 years
- Salaried or self-employed
- Good credit score
- What are the required documents for Axis Bank car loans?
- Identity proof (PAN card, driving license, etc.)
- Address proof (Aadhaar card, utility bill, etc.)
- Income proof (salary slips, bank statements, etc.)
- Car purchase invoice
The minimum loan amount you can apply for is Rs. 50,000.
The maximum loan amount you can apply for is 100% of the on-road price of the car.
The interest rate on Axis Bank car loans starts at 8.65%.
The loan term for Axis Bank car loans can be up to 7 years.
The eligibility criteria for Axis Bank car loans are as follows:
The required documents for Axis Bank car loans are as follows:
Axis Bank Car Loans - Frequently Asked Questions
1. What are the eligibility criteria for applying for a car loan from Axis Bank?
Applicants must be Indian residents aged between 21-70 years, have a minimum annual income of Rs. 2.40 lakhs, and should have been employed for at least 2 years.
2. What is the maximum loan amount one can get for a car loan from Axis Bank?
Axis Bank offers car loans of up to 100% of the ex-showroom price of the car with a maximum loan amount of Rs. 1 crore.
3. What is the tenure for repaying a car loan from Axis Bank?
Customers can choose loan repayment tenures ranging from 1 year to 7 years, depending on their preference and financial capability.
4. Is there a prepayment penalty on Axis Bank car loans?
No, there is no prepayment penalty on Axis Bank car loans, allowing customers to repay the loan amount before the completion of the tenure without incurring any additional charges.
5. What is the interest rate offered by Axis Bank on car loans?
Interest rates on car loans from Axis Bank start from 7.75% per annum, with rates varying based on the applicant's credit score, loan amount, and the chosen tenure.
