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Axis Bank offers car loans up to 100% on-road price of your dream vehicle. Car loans start from Rs. 1 lakh and interest rates start at 9.25% p.a. Special benefits for priority banking customers. Check your eligibility and apply now.
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Everyone must have dreamed about owning a car since our childhood. Movies and games have kindled that interest in cars for many of us. A car could be used for many purposes – going on a family trip, going on a long trip with friends, saving you from the rain or the hot sun when commuting to office or for those car lovers who would like to take the car for a drive just as a stress reliever. A single car could mean different things to different people. India is also a growing market for automobiles, the passenger car market has showed growth double digit growth over the years. The growth is seen across car categories which include compact car, sedan and utility leading to the breaking of a long-held belief that India is an economic and small car market place. International car manufacturers have also made their presence felt by creating cars for the Indian soil.
From a period, where owning a car itself was difficult, we have moved to what type of car and brand should we choose. Not everyone can choose the car they want and pay in a single check. This is where a car loan from Axis bank can help you.
On discovering that many people are interested in buying a car for either comfort, safety or any other reason will not be able to buy their dream car on their own. They should either go for a car that they don’t want because it is cheaper or wait and save to buy the car which will take time and the car model might change.
Axis Bank provides funding for the purchase of all kinds of cars. The borrower can pay back Axis Bank through equated monthly instalments or EMI(s). Axis Bank believes in providing car loans to the right applicants and thereby helping them purchase a car which is also cost-effective.
For Loans with tenure up to 36 months
For Loans with tenure more than 36 months
Axis bank also provides loans for used or pre-owned cars for up to 85% of the car price.
Axis Bank Pre-Owned Car Loans Eligibility
For Loans with tenure up to 36 months
The following are the documents required for Axis Bank car loan
The following documents are further required in case of pre-owned cars loans
The Axis Bank car loan approval & verification process is simple and much quicker for existing Axis Bank customers. They can apply online and get pre-approved offers on car loans with attractive interest rates. The loan amount is directly credited to their account instantly.
The application process is different for new customers of Axis bank. The borrower needs to either apply online or directly download the application form from the official website or visit the nearest Axis Bank branch. They can also call the Axis Bank car loan customer care to proceed with the application process.
Generally, Axis Bank’s representative will come to your place of work or your home to collect the filled in application form and all the necessary documents required for verification at the specified time. A background check would help the lender know about the personal, professional standing of the applicant. If there are any discrepancies with the information provided, the Axis Bank car loan application is likely to be denied. After passing through document verification and eligibility criteria, the approval process moves to the final level. At the final stage and after negotiations, the Axis Bank car loan interest rate and tenure are fixed and sent for your acknowledgement.
In case your car loan application was rejected, you will receive Axis Bank loan rejection letter which will receive a status update on the car loan rejection. Let us now see what the eligibility or qualifying criteria are as they are called in banking parlance for a car loan.
Before a person applies for an Axis Bank car loan it is best to do an eligibility check which is available on the Axis Bank website and at CreditMantri.com This way your credit score will not be affected as the bank will only soft pull your credit score and compares with other internal criteria to make sure you are eligible.
Customers can use the car loan EMI calculator to know how much EMI they will be paying each month. Customer can make use of the CreditMantri Car Loan EMI calculator and the Axis Bank Car Loan EMI calculator.
The importance of this is that customers will know how much EMI they will have to pay based on their loan requirement. This helps them to plan far ahead.
CreditMantri’ s Car Loan EMI Calculator and Axis Bank Car Loan Calculator are among the best and probably the easiest ways to compare various car loan offers and choose the loan best suited to your requirements. Using the Car Loan EMI Calculator, you get a simple and quick way to accurately compare the various loans and determine what your EMI will be with the different lenders.
1. Does Axis bank provide 100% finance for car loans?
Yes, it is one of the biggest features of Axis bank. They do provide 100% finance for car loans.
2. What is the maximum tenure for Axis Bank car loan?
The maximum loan tenure is up to 8 years.
3. What type of cars do Axis bank provide car loans for?
Axis Bank offers auto loans for most passenger cars, multi-utility vehicles and sports-utility vehicles that are available in India and are bought for personal use.
4. Do I have to provide any security to avail an Axis Bank car loan?
Axis bank car loan is a form of secured loan where your car will act as a collateral.
5. Can I sell my vehicle before I repay the entire car loan taken from Axis bank?
You cannot enter a transaction with any seller 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
Buying a Hyundai car? Get Axis Bank Car Loan Instantly3 Feb 2021
Axis Bank has partnered with Hyundai Motor India Limited to offer easy and hassle-free auto loans to its customers. New Hyundai car buyers can choose this auto loan financing option by using Hyundai’s online retail platform, “Click to Buy (CTB).” The...
Axis Bank has partnered with Hyundai Motor India Limited to offer easy and hassle-free auto loans to its customers. New Hyundai car buyers can choose this auto loan financing option by using Hyundai’s online retail platform, “Click to Buy (CTB).” The CTB platform offers end-to-end support for Hyundai car buyers. Customers can enjoy the entire car-buying journey online right from online car booking to online car loan sanction, all from the CTB portal. Once the formalities are done, the customer receives the vehicle right at their doorstep.
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