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  • Axis Bank Car Loan Eligibility Calculator is Rated as "Great!" by 4417 Users

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    Axis Bank Car Loan Eligibility Calculator

    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.

    Car Loan Reviews

    • Axis Bank Car Loan
      "Its excellent service"
      0.5 5.0/5 "Blown Away!"
      Axis bank gave me the best interest rate, My showroom dealer linked with many banks but I approached Axis bank directly because my company got tie up with Axis , Kotak. Therefore Axis bank gave me best corporate interest on the car loan product.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 05, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with AXIS bank for car loan was good, the rate of interest was nominal when compared to other banks. Customer service was good and they followed up on time. The loan amount was sufficient and tenure period for this loan is 5 years.
      Was this review helpful? 1
      , lucknow
      Reviewed on Dec 01, 2018
    • Axis Bank Car Loan
      "Need to reduce ROI"
      0.5 5.0/5 "Blown Away!"
      My experience was good with AXIS bank for car loan, the loan amount was based on my requirement and the rate of interest of 14% was high when compared to others. Customer service was good with AXIS bank and the tenure period for this loan is 2 years.
      Was this review helpful? 6
      , bangalore
      Reviewed on Nov 30, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had been taken this loan almost four to five months and the services which they had been providing so far had been good. The loan amount whcih they had provided has been sufficient and the interest rate with them has been nominal. There has not been any hidden charges made by them so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2018
    • Axis Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was a good experience i had with the services of them. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal. There has also not been any preclosure charges with them and any other charges as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with AXIS bank for car loan, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good with AXIS bank and the tenure period for this loan is 5 years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 16, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Axis bank, i have taken celerio car they have given me sufficient loan amount and there rate of interest they have charged me 12% it is nominal for me and there processing fee they have charged me nominal only.
      Was this review helpful? 1
      , faridabad
      Reviewed on Nov 14, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my car loan with Axis bank , the call amount they have given me sufficient and i have take my Nissan Renault car from this loan and there rate of interest they have charge me was nominal and the processing fee which they have given me is nominal, and the tenure period they have given me is up to 3 years.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Nov 14, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was good with AXIS bank, the process was smooth and i received my loan amount on time. The loan amount was for Rs 10 lacs with nominal interest rate in the market. Customer service was good with this bank and the tenure period is 7 years.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Oct 22, 2018
    • Axis Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan from the Axis bank for 3 lacs. I've closed the loan and the interest rate was nominal during the application. The application was smooth and hassle free. They processed the application and disbursed the loan amount with in no time.
      Was this review helpful? 1
      , thane
      Reviewed on Sep 26, 2018
    • Axis Bank Car Loan
      "Process is nice"
      0.5 4.5/5 "Excellent!"
      Axis Bank has also given me the benefit of a car loan. The rate of interest is around 8% and the process to get the loan was easy. I had no difficulty in document submission. The customer services and response is good and they communicated to me on time.
      Was this review helpful? 4
      , vadodara
      Reviewed on Sep 18, 2018
    • Axis Bank Car Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have taken car loan for the Axis bank . They have provide nominal rate of interest of 10.75 even they have reduced the rate of interest based on the market price where there is no processing fee . They have give tenure period of 4 years . Making the payment through easy monthly installment .
      Was this review helpful? 4
      , bangalore
      Reviewed on Sep 04, 2018
    • Axis Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from the AXIS bank for 3.5 Lacs, the interest rate was normal market rate. The processed and sanctioned the application with in 2 days. It was also a very good experience. The customer support was also really helpful during the process.
      Was this review helpful? 4
      , bangalore
      Reviewed on Aug 29, 2018
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with AXIS BANK 2 year back. The loan amount was 3.5 lakhs and the interest rate was very satisfactory . The tenure period was 5 years but i pre closed it in 2 years it self.I was charged 5% for pre closing here and it can be done only after 1 year. I had a smooth process and the loan was approved on time.
      Was this review helpful? 9
      , chennai
      Reviewed on Aug 02, 2018
    • Axis Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a Car lon form the Axis bank for 7 lacs, I got the offers from Axis bank applied for it. The loan was sanctioned with in 2-3 days. The rate of interest was also comparatively low with other banks. It was a good car loan experience with the Axis bank.
      Was this review helpful? 7
      , new delhi
      Reviewed on Jul 27, 2018
    • Axis Bank Car Loan
      "Good car loan services"
      0.5 4.0/5 "Great!"
      I have purchased a Honda car by using the Axis bank car loan. I have taken this loan 5 years back. Its easy to get a loan from Axis bank. I have taken the loan amount of Rs. 3.5 lakhs and they have sanctioned the same amount. They have offered me a interest rate of 8.75% which is a floating interest rate. They have charged something around 10000 as a processing fee. I have closed the loan before the tenure. They have not charging anything for the pre-closure. I have chosen the tenure of 5 years and i have closed around 2.5 years itself.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 23, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with AXIS bank and my experience was very good, the loan amount was for Rs 3 lakhs out of which i paid Rs 2.15 lakhs and remaining 80000 is left out. The rate of interest of 11% is nominal rate and it is a new car. Customer support was good and they followed up on time.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 12, 2018
    • Axis Bank Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with AXIS Bank 11 years back. The loan amount was 54 lakhs and the interest rate was satisfactory and the tenure period was 84 months. I had a good experience here . The documentation was really easy and there was no delay in disbursing or sanction the loan. Their processing fee was also quite nominal so its recommendable.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 12, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan had been very good and they had made the process smooth and easy. The interest rate which they had offered had been good and it was less compared with the market rate.The loan amount had been good and the staff responses had been very good and there has not been any hassle during the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with them and i had chosen to go with them since the interest rate with them has been less when compared with the other banks. The loan amount which they had given has been satisfactory and there has not been any issues faced with the banking services of them.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jun 30, 2018
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