Find details of axis bank car loan through Axis Bank EMI calculator. Just enter the loan amount of car you want to get financed and rate of interest. Axis Bank EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.
New Car Loan Rates
| Tenure | 3 Years |
| Down Payment | 0.15 |
| Processing Fee | Rs.3500 - 5500 |
| Interest Rate | 8.70% |
| Document Charges | Rs.300 |
Axis Bank avails you with host of services and facilities online with which you can get car loan approval in an easier way. The customers who are dreamt of owning their desired car will turn their dream into reality via the golden opportunity provided by Axis Bank. The eligibility criteria set by the bank that any individual having minimum gross income of Rs. 1.00 lakh per annum erases the hindrance that only silver-spooned can purchase the latest available cars. The bank even churns out the repaying capacity of an individual who had applied for loan by extending the tenure up to 8 years for new car while it is 5 years for used cars. Vicky. in proves to be the powerful tool through the provision of accurate information on processing fee, documentation charges, EMI amount of such banks
Loan Eligibility Calculator
Axis Bank car loan eligibility, Interest Rate, documents and process
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
Parameters
- Minimum age of applicant: 21 years
- Maximum age of applicant at loan maturity: 70 years
- Income: Minimum Net Annual Salary of Rs. 2.40 Lac p.a.
- Income eligibility: As per latest salary slip and Form 16
- Employment: Minimum 1 yrs of continuous employment.
List of Car Loan documents required
- Age proof
- ID proof
- Application form
- Photograph
- Residence proof
- Income proof
- Bank statement
- Signature verification proof
- Pro-forma Invoice or Rate List
Post Sanction / Pre Disbursement Documentation
- Loan Agreement duly signed along with RTO set
- Standing Instruction (SI) Request / ECS Form / Post Date Cheques (PDCs). Security Cheques required for SI and ECS
- Margin money receipt
