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
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    Good to Know
    Eligibility Criteria

    Axis Bank Car Loan Eligibility Calculator is Rated as "Great!" by 4051 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 service"
      0.5 4.0/5 "Great!"
      I got the quick car loan from axis bank , because they processed the loan within 2 days of time. The customer service and the response is really good with axis bank. The rate of interest is nominal with axis. I am completely happy with the service provided by AXIS also the response provided by them was really good.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 18, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The Axis bank car loan process just took 3 days of time. They have approved and disbursed my car loan within 4 days of time. The customer service and the response was very good with axis and the rate of interest is nominal with axis bank and it can be compared with other banks too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 18, 2017
    • Axis Bank Car Loan
      "Below average service "
      0.5 1.0/5 "Really Bad"
      Axis bank doesn't know how to treat the customer they gave a call and spoke to me as if they are doing a favour to me and without completing the call they dropped the call, which again gave me a bitter experience. The customer service and the response need to be improved with Axis bank. They were not ready to listen to the customer query and they were just explaining their terms and conditions on the call.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 18, 2017
    • Axis Bank Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      The car which I am planning to buy it is not available in the market, I have shortlisted MARUTI SUZUKI SWIFT DZIRE ZDI AMT but it was there. That's the reason I have postponed the plan. Bank response was great, AXIS is very much supportive they ready to sanction the vehicle on road price but I denied to process right now.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Not Satisfied with the services"
      0.5 1.0/5 "Really Bad"
      I had applied for a car loan with Axis Bank through a online channel. The bank has not contacted me after they received the details. It was a complete zero response. It has not been a good experience. The bank could have acknowledged my details at least to check on my requirement and let me know if the process could happen or not.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      Since I decided to take the car loan in the second half of the year. I postponed my decision due to personal reasons. I cancelled my application with Axis Bank. The customer support was good and I received a proper response and the interest rate and charges was normal too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a car loan from Axis Bank and the bank responded to my details. It was a average experience. I did not go ahead with the loan, because the rate of interest and processing charges was high. Though I am an existing customer there are no better deals.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has offered me a car loan as well. I got this loan without any issues. The executive contacted me on time and collected my papers and processed the details as well. The interest rate and processing charges was also a good deal. A smooth sail overall.
      Was this review helpful? 0
      , bhiwadi
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Zero response"
      0.5 1.0/5 "Really Bad"
      I applied through an online channel for the car loan and my details was submitted to Axis Bank. I was told that I would receive a call back in a day. After which I got no calls and in the mean time I went ahead with another bank. It has not been a good experience.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 11, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The axis bank car loan rate of interest is high when compared with other banks, so that was the reason I haven't proceed with axis bank, the customer service and response and the response was good with axis, so axis executive gave a call and explained me about the product, The service which was provided by AXIS Bank was really good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Dissatisfied"
      0.5 1.0/5 "Really Bad"
      Interest rate charged by Axis bank for the car loan is way too high. They are not customer friendly. I had an Idea of applying around six lakhs for the same car loan. On the other hand as the rate of interest is really high, I would re-think to recommend Axis bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I can't provide the required documents for my car loan application, so that was the reason I haven't proceed with the axis bank car loan. The customer service and the response was good with Axis bank. The rate of interest is nominal with axis bank. I would say it was a satisfactory service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I haven't got the car loan with axis bank. The communication was lacking with Axis bank, so that was the reason I was supposed to go with other banks for my car loan. The rate of interest is nominal with Axis bank. The customer service and the response was good with axis bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I didn't get the car loan from Axis bank, because of my dealer helped me to get the loan with HDFC bank. The customer service and the response with Axis bank was good. The rate of interest and the charges was average with Axis bank. I am satisfied with AXIS bank service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 3.5/5 "Pretty good"
      It was a nice experience with Axis bank, I had applied for a car loan, I received a prompt reply from them the rate of interest was around 9.25% the loan amount I applied for 10 lakhs and I have received 9.25 lakhs and the EMI is around 18697/- loan got processed with in 4 to 5 days.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2017
    • Axis Bank Car Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      AXIS gave best offer in the market with zero processing fee with the interest rate of 7.99%. I took the loan amount of 9 lakhs with the tenure of five years. In against Renault dustor. AXIS has locking period of one year for preclosure for car loan.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The response part need to be improved with Axis bank. The customer service took too much of time to response to my car loan application, The rate of interest is also in higher level, when compared with market rates. That was the reason I haven't got the car loan with Axis bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The reason I haven't got the loan with Axis bank, because I got the car loan with State Bank of India with the 100% loan amount with on road price. The customer service and response with axis was good . The rate of interest is high when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      As my salary account is with axis bank, so I choose axis bank to get the car loan. With in 2 days of time axis bank has disbursed my car loan. The requested loan amount has been disbursed and I am happy about the loan amount. The rate of interest is higher than SBI.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 4.0/5 "Great!"
      Axis bank executive told that my salary has not met their eligibility criteria, so that was the reason I can't proceed with axis bank car loan. The customer support and the response was good with axis. The rate of interest is nominal with Axis bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 07, 2017
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