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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  • Car Loan Reviews

    • Axis Bank Car Loan
      "High on ROI and charges"
      0.5 3.0/5 "Satisfactory"
      The two major blocks in the process of Axis Bank for the car loan is they were sending the documents to the dealer and I had to follow up with them to send it to me again. The other thing is the interest rate was of 8.5% and after the documents was processed, I happened to check it and I found .25% more. I had to make them change it and it went back to 8.5% finally.
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      , bangalore
      Reviewed on Sep 22, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The level of service provided by AXIS Bank was really great. The executives were ready to come for documents pick up any time as per my convinenece. I am unable to recall the processing fee and other charges. The car model which I had chosen is RENAULT KWID RXT OPT. I am not satisfied with the product and that was another reason why I postponed the plan.
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      , chennai
      Reviewed on Sep 22, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I got very good response from Axis bank. I approached them for the car loan. The process went good and there was no challenge throughout the process. Customer service is superb and I have postponed the loan from my side and It was a hassles free service I could say.
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      , chennai
      Reviewed on Sep 22, 2017
    • Axis Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I could not proceed ahead for the car loan with Axis Bank as I postponed my plans. The bank was responsive and I got the details on time. The customer services was good. They communicated well. Also when it comes to customer service and response the bank is really good.
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      , ahmedabad
      Reviewed on Sep 22, 2017
    • Axis Bank Car Loan
      "Should be more cusotmer oriented"
      0.5 3.0/5 "Satisfactory"
      I have postponed the plan of taking the car loan with AXIS Bank post GST, in short I have not availed their services. There were some difficulties in understanding their terms also their approach was not good. It would be great if they are more customer oriented in future.
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      , mumbai
      Reviewed on Sep 21, 2017
    • Axis Bank Car Loan
      "Needs improvement when it comes to prepayment"
      0.5 1.0/5 "Really Bad"
      Among st several lenders AXIS Bank is by far the best for the car loan as it is financing for commercial vehicles. Axis Bank charges 5% as a prepayment charge which is too high , I would rather prefer nationalized banks for the same as the prepayment charges are low. Total interest rate charged by AXIS bank is 11% however the prepayment interest is 5% which cannot be accepted at all.
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      , mumbai
      Reviewed on Sep 21, 2017
    • Axis Bank Car Loan
      "Good car loan"
      0.5 3.0/5 "Satisfactory"
      Axis contacted me twice or thrice for the car loan due to personal commitments I was not in a position to give my consent to them. Even they had called me for documents collection too. The car model which I had chosen is MARUTI SUZUKI ALTO 800 LXI
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      , hyderabad
      Reviewed on Sep 21, 2017
    • Axis Bank Car Loan
      "Excellent customer service"
      0.5 5.0/5 "Blown Away!"
      Though I am a staff of Axis bank, the bank treated me as a potential customer . The bank had fulfilled all my requirements I got a discount of 0.25% lesser than the normal interest rate, to top it off even the processing fee is NIL. No idea about prepayment and foreclosure. I had purchased the car model MARUTI SUZUKI SWIFT LXI.
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      , siliguri
      Reviewed on Sep 21, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I did not prefer to take the car loan from Axis bank as I have postponed my plan and later in future . They are not customer friendly .The loan I had an Idea of applying around 5 lakhs Due to this high figure of rate I would think to recommend Axis bank
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      , new delhi
      Reviewed on Sep 21, 2017
    • Axis Bank Car Loan
      "I am expecting a better"
      0.5 4.0/5 "Great!"
      Frankly speaking I was expecting a better response from AXIS Bank, as I bank with them. Nothing special about them, as no discount was provided on the interest rate or processing fee despite holding an account with them. Even foreclosure charges were much applicable subject to terms and conditions.
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      , nasik
      Reviewed on Sep 20, 2017
    • Axis Bank Car Loan
      "Car loan proces is good"
      0.5 5.0/5 "Blown Away!"
      AXIS bank car loan is good, the part payment option is really good. However foreclosure charges are very high which I dont like about AXIS. The response was not that great the reason being at that time of availing this loan I was told that there was no foreclosure charge however there is a charge for the same.
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      , secunderabad
      Reviewed on Sep 20, 2017
    • Axis Bank Car Loan
      "Its Good"
      0.5 4.5/5 "Excellent!"
      AXIS car loan experience was pretty good, they done fast process and disbursed the amount to the dealer on time. I purchased Maruthi Suzuki Ciaz worth Rs.14.77 lakhs, I paid the down payment around 2.5 lakhs remaining all converted into an, they gave me part payment and foreclosure option as well.
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      , bangalore
      Reviewed on Sep 20, 2017
    • Axis Bank Car Loan
      "Wounderful Experience"
      0.5 4.0/5 "Great!"
      Axis experience was wonderful, they helped to get the disbursement on time to purchase Maruthi suzuki dezire total cost of vehicle around Rs. 6.5 lakhs but I have taken the principal Rs. 4 lakhs only from AXIS for the tenure of five years its good.
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      , noida
      Reviewed on Sep 20, 2017
    • Axis Bank Car Loan
      "Axis bank car loan"
      0.5 4.0/5 "Great!"
      The fact is, AXIS Bank car loan process is very good also the response is very good. I had got some calls and they were kind enough in assisting me. Actually called and confirmed about my requirement just that I dont have any plans presently I had canceled the program me too. Otherwise the rest everything was fine with AXIS.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • Axis Bank Car Loan
      "Hassle free"
      0.5 4.0/5 "Great!"
      I purchased Maruthi Ertiga worth Rs.9.80 lakhs, I took the car loan from AXIS around Rs.7 lakhs remaining amount I paid as a down payment to the showroom. AXIS processed 80% of car loan it has tenure of five years. Axis interest is good and reasonable.
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      , chennai
      Reviewed on Sep 19, 2017
    • Axis Bank Car Loan
      "Satisfied with the overall experience"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Axis Bank for the car loan. The process was good and I got the loan on time. I have no hassles with the after loan services too. The interest rate was around 9% and the processing fees is around 1%. Not too sure on the percentage of loan I got finally.
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      , navi mumbai
      Reviewed on Sep 19, 2017
    • Axis Bank Car Loan
      "Best"
      0.5 4.0/5 "Great!"
      Interest rate with the Axis bank was around 9.05% and the customer service was good one for me with them, also their response is also good. During the time of disbursal the bankers have changed the different rate of interest and tenure, which is not an appreciable one.
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      , bangalore
      Reviewed on Sep 17, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Service was very nice ,representatives where also helpful and responsible during my loan process I never had any problem with their service . Their interest rate was 8.75 which was comfortable and low compare to other financial service providers , I am very much happy with their service overall service of AXIS was excellent .
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      , bangalore
      Reviewed on Sep 17, 2017
    • Axis Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      AXIS Bank car loan process is very simple and easy. Documentation part was very simple too. They took around hardly 3 days of time to provide the loan. Interest rate offered by them was 8% . Also prepayment options are very much available with AXIS, happy to avail their services
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      , ghaziabad
      Reviewed on Sep 16, 2017
    • Axis Bank Car Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I have not taken the car loan with the Axis bank because I have got the better offers with them for the lesser rate of interest. Services are better one with the Axis bank and I would like to go ahead with them in future.
      Was this review helpful? 0
      , noida
      Reviewed on Sep 16, 2017
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    Axis Bank Car Loan Eligibility Calculator is Rated as "Great!" by 4181 Users

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    Car Loan BYTES FROM OUR KITCHEN

    Axis Bank Car Loan Eligibility Calculator

    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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