Interest Rates of Axis Bank Car Loan

Features and Eligibility Axis Bank New Car Loan Scheme
Interest Rate 8.50% onwards
Loan Amount 1 lakh Min
Lowest EMI per Lakh Rs. 1,478
Maximum Repayment Tenure 8 years
Age (years) Between 21 years and 70 years
Foreclosure Charges 5% of outstanding principal

Eligibility Criteria for Axis Bank Car Loan

Axis Bank Car loans can be availed by individuals- self and salaried employees. The following are Requirements for Axis car loan eligibility:

Salaried Individuals Self-employed Individuals
The applicant age should be above 21 years old The applicant age should be above 18 years old
At the time of car loan maturity, the applicant's age should be below 70 years old At the time of car loan maturity, the applicant's age should be below 75 years old
Net salary should be Rs 2.4 lakh per year Net salary should be Rs 2 lakh per year
Income eligibility will be based on the latest salary slip and form 16 Income eligibility will be based on the latest ITR
Applicant should have a one year of continuity in employment Applicant should be in present business for minimum 3 years

Axis Bank Car loan EMI Calculator

The car loan EMI caluculator is the easy methos to caluculate your Equated Monthly Instalments for your required loan amount. Do you want to check the EMI for Axis Bank car loan, use below EMI caluculator:

Documents Required for Axis Bank Car Loan

  • Fill up application form

  • Passport size photos

  • Age Proof

  • Identity Proof

  • Residence Proof

  • 6 months bank statement

  • Income Proof

Features and Benefits of an Axis Bank Car Loan

  • Enjoy attractive new car loan Interest Rates.

  • Minimal Documentation and quick processing.

  • Door step service

  • Car loans for new and used cars

  • Caluculate the car loan value easily.

  • Easy loans (without income documents) for existing loanonmind customers with good repayment records for 12 months or more.

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