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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    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.

    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
      "Best financial Service"
      0.5 5.0/5 "Blown Away!"
      Based on the good rate of interest i have chosen Axis bank for car loan . There is nominal charges for the processing fees for approval and documentation. They instantly approved the loan in 2 days . I make the payments through Ecs process . Overall am satisfied with service and response.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding for car loan with Axis bank. Based on my requirement they have given me good loan amount, it was sufficient for me, and the rate of interest they have charged me was nominal. they have charged me up to 10.25% that was nominal to me.and even they have charged me nominal processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 14, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken this Car loan from them a very long time back and the experience has been quite good. The loan amount was sufficient but the interest rate has been high. Their customer support team has been quite helpful and their staffs had been responsive as well and overall it was a good experience.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 13, 2019
    • Axis Bank Car Loan
      "Good Experience and satisfactory"
      0.5 4.5/5 "Excellent!"
      Recently I took Car loan from AXIS, they are very good in response and they are doing good job. I would say they treating the customer in nice manner, the interest rate is very good compared to bank. I have purchased Maruthi suzuki dezire its fine.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 12, 2019
    • Axis Bank Car Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My car loan experience was not up to the mark with AXIS bank, i took a used car loan with nominal interest rate when compared to other banks. Customer service was not good as they opened a savings account without my knowledge. Tenure period for this loan is for 5 years.
      Was this review helpful? 1
      , jodhpur
      Reviewed on Feb 12, 2019
    • Axis Bank Car Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      The interest rate is quite nominal for the car loan with Axis Bank. It was taken 2 years back. The customer service is very good. I have purchased a new car and made some down payment, they have given the required loan amount. The loan tenure is 7 years.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Feb 01, 2019
    • Axis Bank Car Loan
      "Very prompt and customer friendly services"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Axis bank and the service has been very prompt. I have got the disbursal in 24 hours. The documentation process was very nice, They have came to my office and collected all the documents in one shots and they have informed the process also very clearly. As per the market rates, they are charging the interest rates also.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 01, 2019
    • Axis Bank Car Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have taken a car loan in Axis Bank and the interest rate is so good. The customer service and response was excellent. I took this loan by last year and the tenure is 7 years. There was no processing fee. I can do part payment and foreclosure anytime. They have given 100% funding to buy a car.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 25, 2019
    • Axis Bank Car Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      To whom which I bought the car, the dealer got tie up with AXIS, I submitted the papers to them. The bank sanctioned the car loan within 7 days of time. I got the better interest, they sanctioned the on road price Rs. 5.31 lakhs for the tenure of 7 years.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jan 25, 2019
    • Axis Bank Car Loan
      "Hassle free car loan"
      0.5 4.0/5 "Great!"
      They have nice app to check the outstanding balance and this is a user friendly app. They have sanctioned the loan on time and the documentation process was very simple actually the dealer has taken care of everything. The processing fee was very nominal and the interest rates very competitive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • Axis Bank Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I have closed AXIS car loan, the paper work was smooth at the time. I paid the all the emi and closed it. Finally I got the NOC letter from the bank. They responded well at the time of taking loan however I approached the bank through the dealer. Interest was almost same as other bank for my first car it was Hyundai I10.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jan 19, 2019
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      For my Mahindra verito car, AXIS bank sanctioned the loan which I was required for the purchased and they gave me the flexible emi as per my preference. I got the NOC letter from the bank for the car loan. I have taken two car loans from the same bank.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jan 19, 2019
    • Axis Bank Car Loan
      "Good Car Loan"
      0.5 4.0/5 "Great!"
      Purchased my car loan 4 years back. I have chosen the Axis bank because the rate of interest was less when i compared with others. I have taken a loan amount of Rs. 3.50 lakhs and the tenure period for the loan is 5 years. I have been paying the EMI of Rs. 8000. I have got the loan as per they have promised time.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jan 07, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with AXIS bank, the process was smooth and i received my loan amount on time. Customer service was good and they responded on time. Rate of interest was nominal and tenure period for this loan is for 3 years.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 03, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with AXIS bank, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was good and they responded on time. Tenure period for this loan is 5 years.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 02, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The experience with this car loan has been quite good where the process took less time. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal. There has not been any additional charges and the processing fee has been nominal as well.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 29, 2018
    • Axis Bank Car Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The process in getting this loan almost took more than 15 days and i am not happy with their service and the whole process itself has been having a lot of hassle. The interest rate with them has been pretty high when compared with the market rate. It would have been good if they had provided a much better service.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 22, 2018
    • Axis Bank Car Loan
      "Good in Need"
      0.5 5.0/5 "Blown Away!"
      I was looking for a Car loan and i went applying with Axis Bank. As i hold a salary account with Axis , it was easy for me to apply. There was no delay and my application was processed instant. When it comes to the interest rates , its reasonable. I am thankful to the services of Axis Bank.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 20, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Axis bank, they have given me sufficient loan amount and there rate of interest they have charged me ,it is nominal and there processing fee they have charged me nominal only, and there service is good, they have given me loan amount on time, there is no hidden charges .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 17, 2018
    • Axis Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the car loan with the AXIS BANK where the rate of interest is nominal also the loan amount is good added on that i am using it from past one year. The customer service is helpful by getting the car loan with this bank. I am satisfied with the services of this bank.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 11, 2018
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