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Axis Bank Car Loan, Interest Rates, EMI and Eligibility Calculator Online 2019

(Updated On 07.05.2019) Axis Bank Car Loan and EMI Calculator May 2019 – Loansninsurances.com provides a simple tool to calculate Car Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee & more.

Axis Bank Car Loan – Quick, Easy & Instant Approval Online

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Axis Bank Car Loan

Axis Bank, one of the leading bank in the country, is well liked for its mesmerizing car loan schemes. Axis Bank Car Loan is popular for its hassle free loan approval, uncomplicated documentation, flexible loan tenure and personalised loan processing system. Lower interest rates and minimum charges make Axis bank car loan most affordable and attractive to every car loan borrower. Axis Bank Car Loan has lots of assured benefits with flexible loan repayment options and longer tenure.

Axis Bank is also known for its widely renowned & tempting Axis Bank Personal Loan and Axis Bank Home Loan. Don’t think much!! Be a part of Axis Bank.

Axis Bank Car Loan Features

  • Highly competitive car loan rates

  • Up to 85% on-road financing.

  • High loan to value of 95% of the ex-showroom price.

  • Assured benefits for Priority Banking, Wealth Banking and Privee Banking customers.

  • Axis bank offers banking surrogate schemes.

  • Income documents and bank statements are waived for Club 50 and Channel One Current account holders.

  • Bank waives salary slip and bank statement for Axis Bank Salary A/C customers.

  • eDGE Loyalty Rewards points for transactions and with a perk of 500+ rewards.

  • Axis Bank car loan is available for self-employed individuals, Proprietorship, HUF, Partnerships Firms, Limited Liability Partnership Firms, Trusts, and Societies and companies.

Axis Bank Car Loan Interest Rates

Interest Rates

11.00% to 12.00%

Processing Fee

₹3500 to ₹ 5500

Loan Tenure

7 years

Loan Amount

Rs. 1 lakhs up to 85% on-road funding

Documentation Charges

₹300

Axis Bank Car Loan EMI Calculator

Axis Bank Car Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Car loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Axis Bank Car Loan Eligibility

For Salaried Individuals:

  • Applicant should be 21 years old.

  • The age of the applicant should not be above 70 years at the time of loan maturity.

  • The minimum net salary of the applicant should be ₹ 2,40,000 p.a for all approved cars.

  • Income eligibility will be based on latest salary slip and Form 16.

  • The applicant should be in the current job for at least 1 year.

For Self-employed Individuals:

  • The minimum age of the applicant should be 18 years.

  • The maximum age should not be above 75 years during the closure of the loan term.

  • The net annual business income should be ₹ 1,80,000 for certain models and should be 2 lakhs for others.

  • Income eligibility will be determined based on latest Income Tax Returns.

  • The applicant should be in the same Business for 3 years.

For Self-employed non-individuals:

  • The applicant should have minimum net income of ₹1,80,000 p.a. for certain selected car models and the should have minimum ₹ 2 lakhs p.a. for other car models.

  • The income eligibility should be based on latest 2 years income tax returns along with 2 years audited financials.

  • The applicant should have 3 years of employment in the same business.

Axis Bank 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

**Documentation process is subject to bank’s terms and conditions**

Axis Bank Car Loan Prepayments

  • Foreclosure charges for Axis Bank Car Loan: 5% of the outstanding amount with applicable service tax.

  • Part-prepayment charges: 5% of the Part Payment amount plus service tax.

Loansninsurances.com is the most trustworthy online platform to apply for any car loan to meet your various requirements . We will be with you at every step un till and unless your loan gets sanctioned, and we also assure you all kinds benefits on each car loan you avail. Check out the best car loans provided by the leading banks in the country from the list given below:

  1. SBI Car Loan
  2. HDFC Car Loan
  3. ICICI Bank Car Loan
  4. Bank Of Baroda Car Loan

Axis Bank Car Loan FAQs

1) How much car loan amount I can get from Axis Bank?

Ans. Axis Bank offers loan amount from ₹1 lakh onwards. Axis Bank car loan amount will be determined on the factors such as loan amount eligibility, requirements, income, repayment capacity, etc.

2) What is the Axis Bank Car Loan Tenure?

Axis Bank car loan can be repaid for a period ranging from 12 months to 60 months.

3) On which type of vehicles does Axis Bank provide car loan?

Axis Bank provides car loan for all purpose cars, multi-utility vehicles and sports-utility vehicles which are available in India.

4) What security or collateral do I need to provide when I avail an Auto Loan from Axis Bank?

The car being financed will be used as a collateral and will be hypothecated to Axis Bank for the loan period.

5) Is it possible to sell my vehicle before I repay the entire loan?

It is not possible to sell the vehicle without a ‘No Objection Certificate’ (NOC) from Axis Bank. The NOC can only be obtained after foreclosure or after you have paid off your loan.

6) Will the Bank charge me if I cancel the Auto Loan after it has been approved or disbursed?

Axis Bank charges a fixed amount of ₹1,000 is applicable if you cancel Axis Bank car loan. You might have to pay additional charges such as stamp duty charges, interest accumulation, etc. As per bank’s decision.