Axis Bank Car Loans

Rates of Interest	Processing Fee*
11.50%	Rs. 3500 to Rs. 5500

Axis Bank offers uniquely tailored car loan products that
 take the pain and hassle out of buying a car. Flexible,
 transparent, quick, and cost-effective.

Documents Required for Axis Car Loans:

List of Car Loan documents required	Post Sanction / Pre Disbursement Documentation
Age proof ID proof Application form Photograph Residence proof Income proof Bank statement Signature verification proof Proforma invoice	Loan Agreement duly signed along with RTO set Post Dated Cheques (PDCs) / ECS form / Standing Instruction (SI) request Margin money receipt

Features and Benefits of an Axis Bank 

Car Loan

• up to 90% of the ex-showroom price finance
• loans available for salaried and self employed individuals, proprietorships and partnership firms and companies
• Special schemes for Axis Bank Salary account holders
• Repayments Options upto 5 year

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

Salaried Individuals Minimum age of applicant: 21 years Maximum age of applicant at loan maturity: 60 years Income: Minimum Net Annual Salary of Rs. 1.5 Lac p.a. for selected models and Rs. 2.5 Lac p.a. for others. Income eligibility: As per latest salary slip or Form 16 Employment: Minimum 2 yrs of continuous employment

Self-employed Individuals Minimum age of applicant : 21 years Maximum age of applicant at loan maturity : 65 years Income: Minimum Net Annual Business income of Rs. 1.5 Lac p.a. for selected models and Rs. 2.5 Lac p.a. for others Income eligibility – As per latest ITR and computation of income Employment : Minimum 3 yrs in same line of business.

Scheme for Salary Customers

• Minimum age of applicant: 21 years
• Maximum age of applicant at loan maturity: 60 years
• Income: Minimum Net Annual Salary of Rs. 1.5 Lac p.a. for selected models and Rs. 2.5 Lac p.a. for others.
• Income eligibility: As per latest salary slip or Form 16
• Employment: Minimum 2 yrs of continuous employment

Scheme for Priority Customers

• For Cat A and Cat B cars the account must have an AQB of Rs. 1 Lac for last 4 completed quarters.
• For Cat C cars the account must have an AQB of Rs. 2.5 Lac for last 4 completed quarters.
• For Cat D cars the account must have an AQB of Rs. 5 Lac for last 4 completed quarters.
• Maximum loan amount restricted to 3 times the AQB in the last 4 quarters