If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    We found 1 Axis Bank Car Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
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    Good to Know
    Eligibility Criteria

    Axis Bank Car Loan Eligibility Calculator is Rated as "Great!" by 3931 Users

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    Axis Bank Car Loan Overview

    Axis Bank, the third largest private sector bank in India, offers a host of banking products and services including car loans. It gives its customers a choice of three different car loans:

    • New car loans - You can get up to 85% funding. Axis bank offers 100% funding for corporate customer.
    • Pre-owned car loans - You can get up to 90% funding and tenures of up to 5 years.
    • Loan against car - Get up to 150% funding of the original loan amount. No valuation or verification of your car is required. You also don’t need to provide income documents.

    Axis Bank Car Loan Eligibility

    Car loans at attractive rates from Axis Bank are available to salaried individuals, self-employed, and non-individuals. There are special schemes for private, wealth and priority banking customers. Customers who have their salary credited to Axis Bank can also benefit from special schemes.

    Salaried individuals

    • You should be at least 21 years
    • You should not be more than 70 years at the end of the loan tenure.
    • You need a minimum net income of Rs. 2.4 lakhs per annum
    • You should be working continuously for a minimum of 1 year.

    Self-employed

    • You should be at least 18 years.
    • You should not be more than 75 years at the end of the loan tenure.
    • Your business should be earning a minimum net income of Rs. 1.8 lakhs per annum for selected models and Rs. 2 lakhs for all others.
    • You should be working in the same line of business for a minimum of 3 years.

    Firms/Companies and other non-individuals

    • Your business should be earning a minimum net income of Rs. 1.8 lakhs per annum for selected models and Rs. 2 lakhs for all others.
    • You should be working in the same line of business for a minimum of 3 years.
    • Apply for Car Loan Online

    Eligibility for scheme for Salary Customers

    If you had your salary being credited to an Axis Bank Salary account for the past three months, you are eligible for a special scheme on car loans.

    • You should be at least 21 years.
    • You should not be more than 70 upon loan maturity
    • You should be earning at least Rs. 2.40 lakhs per annum
    • You need to be employed for 1 year continuously.
    • Employees who are eligible should be working in any of the following:
      • MNCs
      • Public Limited Companies
      • Private Limited Companies
    • Or you should be a permanent employee in any of the following:
      • Central and State Government
      • Public Sector Undertakings
      • Reputed schools and colleges

    Eligibility for scheme for Priority/Wealth/Private Customers

    • You should be 21 years and above.
    • You should complete the loan by the age of 70.
    • You need to be earning at least Rs. 2.4 lakhs net annual salary.
    • You should be employed for at least 1 year continuously.
    • Customers should have a minimum average quarterly balance of Rs. 1 lakh for the last 2 completed quarters.
    • All priority, wealth and private customers with a vintage of 6 months
    • You can get a loan amount of up to 3 times the AQB in the last two quarters

    Factors affecting Axis Bank Car Loan Eligibility

    There are many factors that play a role in determining your eligibility for an Axis Bank car loan.

    • Your age can determine your eligibility if you are under 21 years. There are also terms and conditions that are applicable on loans where the tenure will be completed by the time the customer reaches 70.
    • Your income should meet the minimum requirements.
    • Holding other kinds of credit will reduce your eligibility. You may not get the ideal loan amount if you are currently already in debt. Debt such as credit card balances and personal loans can affect your eligibility
    • Credit scores are important when you take out a loan. A good CIBIL score makes a good impression on the banks and they will be happy to approve your loan. A low score has the opposite effect and you could face complications in the loan process or be denied completely. You could also get higher interest rates and more terms and conditions.

    How does CIBIL scores affect your Axis Bank Car Loan Eligibility?

    CIBIL scores are basically a track record of your credit history. CIBIL is the Credit Information Bureau India Limited. It records every individual’s behaviour when it comes to taking out credit from banks and financial institutions. When you opt for a credit card or any loan, CIBIL maintains a track of how you repay the loan and your defaults on payments, if any. It also records good patterns of paying on time, ahead of time and more than what is the minimum payment required. So CIBIL scores depict a picture of what kind of credit customer you might be. Sometimes credit scores can be low for a number of reasons you didn’t know about. It doesn’t always play fair, but in order to have a good score, we need to play by the system.

    Learn about CIBIL scores as they can greatly affect your future credit possibilities. High scores give banks an assurance that you are a good customer, and your loan process will be easy with minimal terms to it. An average score will still get you through a loan. You should maintain your score at around 750 points. A low score will hamper the loan process and you may even be rejected.

    How to increase your Axis Bank Car loan eligibility?

    You can increase your eligibility in a number of ways. You can also increase the loan amount you are eligible for.

    • Make your spouse or immediate family a co-borrower in the loan. You can add their income to the loan requirements and therefore enhance your eligibility.
    • Work towards increasing your credit score. Find ways to fix your score. You could also enquire into what made your score low and try to get it resolved.
    • Clear off any existing debt you might have. The more your clear, the more your debt-to-income ratio decreases.

    Axis Bank Car loan eligibility Calculator

    It’s easy to know if you’re eligible for a car loan from Axis Bank. There is an eligibility calculator on BankBazaar.com which is simple and fast.

    To use the calculator:

    • Access BankBazaar.com and select the product “car loans”
    • Follow the instructions and input your details as you go along.
    • Your results will be generated within seconds.
    • You can view more details about the loan and apply directly from BankBazaar.com.
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  • Car Loan Reviews

    • Axis Bank Car Loan
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      Due to personal reasons I postponed the car loan plan with Axis bank. I am treated very well by Axis Bank executive as I have got the best service and response from them pertaining to the car loan application which is being submitted.The rates applied was 9% and the loan amount I tried to opt is 4 lakhs.
      Was this review helpful? 2
      , pune
      Reviewed on Jun 23, 2017
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      Due to my personal reason, I have not taken the car loan with the Axis bank. Interest rate with the Axis bank haven't discussed about this. Customer service with the Axis bank and they have done the follow on timely basis, also they have done the things in good manner.I have applied for three to five lakh loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 23, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Due to personal reasons I could not proceed with Axis bank for the car loan. I got a proper response and follow up from the bank checking about my requirement. The loan amount I have applied for 4.5 lakh In all it was a smooth experience.No hassle faced.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 23, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My experience was very great with respect to AXIS bank in terms of car loan and the interest rate wasn't shared, even their customer service was good and they contacted me regularly. But the bank has denied to process the loan because I was not having the local proof, therefore they were not in a position to accept that.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      Axis bank charges very high interest rate in concern to the car loan product, that was the reason , I haven't got the loan with Axis. In the other hand they gave good response and better follow up on my car loan application. But for sure will not recommend this loan to others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "High Interest Rate"
      0.5 3.0/5 "Satisfactory"
      I found that the rate of interest is very high with Axis bank for the car loan. Hence I did not process my car loan application which was submitted already with Axis bank. But the response part and customer service was good with the bank on my loan application.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I haven't got the car loan with axis bank, because I have dropped the plan of getting it and The axis bank customer service and response part is very nice and they have made a good follow up in concern to my car loan application the loan amount I have applied for twelve lakhs.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "No Response"
      0.5 1.0/5 "Really Bad"
      I do not know the reason for why the Axis bank is rejected my car loan. I did not receive a single call or message from Axis bank as a response for my loan application. Though I maintain prompt transactions and I have very good payment history. Axis bank should have communicated to me before rejecting my loan application. Still I did not receive any reasons from the bank. This is not way to provide the financial service to the people. The bank has to be improved in customer satisfaction.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The axis bank customer service and response part is very nice and they have made a good follow up in concern to my car loan application. Axis have not asked any documents to proceed with the loan Since I have salary account with them .The rate of interest is 9%, when compared with other banks
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      Axis bank promptly contacted me when I applied for the car loan. But, simultaneously I was trying for home loan top up. Hence I had received home loan top up so I just closed the car loan process. But the bank was good in responding and there were no issues as such with the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "Be Customer Oriented"
      0.5 1.0/5 "Really Bad"
      I approached Axis bank for the car loan through online source. When I was approaching them I was informed that the loan will be sanctioned but after which the bank informed me that the credit score is not sufficient to provide the loan. Also there is no proper response from Axis bank, they made me to hold the line for 35 to 40 minutes, then they said they cannot provide the loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2017
    • Axis Bank Car Loan
      "Delayed Response"
      0.5 4.0/5 "Great!"
      On my car loan application, I approached Axis bank. At that time the bank did not respond me for the loan on time so I went a head with the other bank. After which Axis bank contacted me for the loan but I did not take the loan from them. I received delayed response from Axis.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Axis Bank Car Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      Already I had taken the car loan from Axis bank last time. Again I applied for the loan with Axis bank. The bank provided very good response on my loan application then they processed it in a good way. I did not face any hassles with the bank during the process.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I was looking to buy a commercial vehicle and since bank said I am not eleigble for this loan bank did not offer the car loan for this purpose, I could not go ahead for this loan. The response was on time and the interest rate and processing charges no idea about it. I cannot comment nor recommendable as I had not used their services.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      After I applied for a car loan with Axis Bank I was contacted and I was informed about the details for the loan I dropped my car loan plan for time being. I am not at all happy with the bank as there is no response from them there rate of interest is very high compare to other banks.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The axis bank customer service and response part is very nice and they have made a good follow up in concern to my car loan application. Axis have asked very less documents to proceed with the loan. The rate of interest is less, when compared with other banks. I would say axis gave very good service my loan got sanction from bank but the showroom people said the car which your opting for it the rate has been increased so I dropped the plan
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Happy that I had got a very good response from Axis bank with respect to my car loan application. Recently, I had applied for the car loan with them. Customer service is good and they promptly provided the information in regards to my car loan But I did not further proceed with that as HDFC bank has approved my car loan faster than AXIS Bank, as I do have a good track record with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Interest rate it should be reduced"
      0.5 5.0/5 "Blown Away!"
      Everything was transparent in AXIS, one of the my friend was working with AXIS. He have moved my application to loan department. Hence the process completed quickly. I have taken the loan amount of Rs. 4 lakhs with the interest rate of 15% it is higher because its was reused car. I have purchased Maruthi Suzuki swift dezire car.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got a proper response from Axis bank, I got a very good service from the bank on my loan application but unfortunately I could not proceed further for the loan because I had postponed the plan . I told the bank executive that I would opt for it, if I am interested again, I informed them. Also the loan amount what I had applied was for 4 lakhs approximately.
      Was this review helpful? 0
      , greater noida
      Reviewed on Jun 17, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      AXIS car loan process was good, they gave quick response on my application the loan amount I have applied for 4.5 lakhs approximately. I actually applied for commercial car, but the bankers end they informed me that loans will be provided only for private purposes no further discussion on ROI.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 15, 2017
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