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
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    Loan Amount
    Tenure Range
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
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    Good to Know
    Eligibility Criteria

    Axis Bank Car Loan Eligibility Calculator is Rated as "Great!" by 4095 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
      "RATE OF INTREST IS HIGH"
      0.5 5.0/5 "Blown Away!"
      Axis bank is good in customer service. The Rate of interest is very much high, when compared with other banks It would be great , if axis doing better with rate of interest The response was very instant from the banker and only because of high rate of interest I did not proceed with them
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Axis bank has done well in the process of the car loan. The customer services and response from them was good after applying for my car loan unfortunately I have not taken the loan from them since I have dropped my plan. I had an idea of taking loan for an amount of 8 lakhs.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 18, 2017
    • Axis Bank Car Loan
      "AVERAGE"
      0.5 2.5/5 "Just OK"
      I had not taken the car loan with the Axis bank. Response was a fine one with the Axis bank. I would like to suggest that they need to provide the information clear the lady from the axis bank had spoken to me but she was not very informative she was not sure about the rate of interest, so I had to opt from other bank with good rate of interest.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 18, 2017
    • Axis Bank Car Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      Response was good with the Axis bank for the car loan, which I have applied, also they are very good toward the service aspects. Customer service was also good with the Axis bank .In the mean time ,I have pose pond my plan But I had and idea of taking the loan for about eight lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      My experience was good one with the Axis bank for the car loan. Rate of interest was around 9%, also customer service was good one. The response was really an immediate one for me. Axis bank have provided around 5 lakh Rupees as principal amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      It was very good process with Axis bank car loan. They were very cooperative and very helpful in concern to my car loan application. The documentation process also went smoothly. I am satisfied with the loan amount. The rate of interest is nominal too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 11, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The response was given on time with Axis bank in regards to my car loan application. The customer service helped me to process my car loan application in easy way. They have disbursed my car loan within a month time. The rate of interest is nominal with Axis bank. I am happy with the Axis bank service.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 11, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I am an Axis bank account holder, I applied the car loan through online channel, the bank executive have reached me directly and processed the car loan. AXIS offered me 9.25% of interest rate for the amount Rs.9.25 lakhs, it has tenure period of seven years
      Was this review helpful? 0
      , pune
      Reviewed on Aug 10, 2017
    • Axis Bank Car Loan
      "RESPONCE WAS LACKING"
      0.5 3.5/5 "Pretty good"
      I did not take the car loan from the Axis bank because the executive who was dealing with this regarding the car loan he was not having much idea or knowledge proper about the car loan he dint know about for closure option and so many things, and the loan amount I had idea of taking is 7.5 lakh
      Was this review helpful? 0
      , noida
      Reviewed on Aug 10, 2017
    • Axis Bank Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I did not prefer to take the car loan from Axis bank as I have posponded my plan and later in future I will take car loan via net cash, I receive calls from axis bank employee regarding my car loan application I have told them clearly that Iam not interested in loan rite now, but inspite of that they where keep on calling me an disturbing me
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 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 they were not having pre closure options but the bank was responsive and I got the details on time. The customer services is really good. They communicated well. Also when it comes to customer service and response the bank is really good.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 08, 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 they were not having pre closure options but 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.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 08, 2017
    • Axis Bank Car Loan
      "Overall good and high on charges"
      0.5 5.0/5 "Blown Away!"
      It was a very convenient process and there was no delay faced for the car loan with Axis bank. The rate of interest was of 8.8% and the processing charges was high. They were not very clear in the charges. The response was on time and it was overall a good experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 08, 2017
    • Axis Bank Car Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      I have taken a car loan from Axis Bank and it was a very pleasant experience. It was on time as well and I did not find the process inconvenient. With regards to the rate of interest and processing charges. I do not want to talk about numbers as every bank charges. I am happy that the bank was transparent as they charged me as to what I was informed.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 08, 2017
    • Axis Bank Car Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      I thought of taking my car loan later therefore, I did not go ahead with Axis bank for it. The services offered by them was very good. They were calling me a couple of times. The rate of interest was very much high when compare to other banks so I have dropped the plan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 07, 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 reason I have dropped the plan because there rate of interest was compare to other banks I applied for 3 lakhs rupees loan
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 07, 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.Good when it comes to service They communicated well. Also when it comes to customer service and response the bank is really good.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Aug 07, 2017
    • Axis Bank Car Loan
      "RESPONSE WAS NOT GOOD"
      0.5 1.0/5 "Really Bad"
      Axis did not show any interest in providing service for my car loan application. Actually I applied for the car loan with them but they have rejected it the reason is I have an exsisting loan running with them and its going to close in two months and the loan amount I have applied for 1 lakh rupees.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 07, 2017
    • Axis Bank Car Loan
      "It is really good"
      0.5 4.0/5 "Great!"
      Well, within the time scales the loan was approved by AXIS bank, just that the car delivery took some time which was more than 40 days. Axis Bank has actually offered me a pre approved car loan. .Rate of interest is very much reasonable it was not that much and it was in line with the market rate. However, after 3 months there was a fall in the rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a pretty descent experience that I had with AXIS. They provided a good service when I approached them for car loan.The reason why I had not taken the loan from axis is, I have a car and I thought of selling it, But later on I decided to sell next year so that is the reason rest all were good with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 06, 2017
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