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

    We found 1 Axis Bank Car Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Axis Bank Car Loan Eligibility Calculator is Rated as "Great!" by 3783 Users

    Car Loan BYTES FROM OUR KITCHEN

    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.

    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
      "Satisfied"
      0.5 4.0/5 "Great!"
      I have already arranged the money through some other sources like its directly from the car manufacturer finance itself, so I have not taken the personal loan with the Axis bank. The services are really good with the Axis bank and the rate of interest was around 9%, which was not okay for me.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 27, 2017
    • Axis Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      Due to some personal reason, I have not taken the car loan with the Axis bank and the customer service was fine one with the Axis bank and the response is also good one with them. In future, I would like to go ahead with the Axis for the car loan.
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • Axis Bank Car Loan
      "Better "
      0.5 4.0/5 "Great!"
      I had not taken the car loan from the Axis bank because I had arranged the funds from my end. I got the rate of interest as around 9% and I was okay with that and the customer service was also fine one with them. There are no drawbacks with them absolutely..
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • Axis Bank Car Loan
      "Best"
      0.5 4.0/5 "Great!"
      I do have some other personal reason and that's why I have not taken the car loan with the Axis bank. Customer service and other things are perfect with them. Rate of interest was around 9.7% and the customer service was fine one with them.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 26, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      This bank was good. My experience was brilliant. Service was good. Net banking is very good, I use this online net banking often and they have charge for online fund transfer. Adding beneficiary with this bank it takes around 24 hours Bank Of Baroda is good in their network.
      Was this review helpful? 1
      , new delhi
      Reviewed on May 25, 2017
    • Axis Bank Car Loan
      "RESPONSE SHOULD BE QUICK"
      0.5 3.0/5 "Satisfactory"
      Due to the rate of interest , I had not taken the car loan with the Axis bank they have set a high rate of interest when compare to other resources I had postponed my car loan plan for now and they have contacted me later after 2 days again, I had check some other source whether my application has been sent to the bank or not, later the next day I received a call from the bank.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 24, 2017
    • Axis Bank Car Loan
      "Better "
      0.5 2.5/5 "Just OK"
      Due to rate of interest and less capitalization for the car, 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 maximum capitalization for the car loan which is around 80% to 90%.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 22, 2017
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      Loan amount I had applied in Axis banks for about less than 10 laks and I received proper response from them, but I have not availed the loan from them. I wanted car to use it for travel purposes and I have not got the approval for that So planning to take the car loan during the next month.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 21, 2017
    • Axis Bank Car Loan
      "No Proper Followups fromt the Bank"
      0.5 4.0/5 "Great!"
      My experience with Axis bank is quite good and the rate of interest for the car loan is ok. But then, I am not happy with the customer service because there was no proper followup from the bank, I had to followup with them to get the process done. One guy from the bank collected my documents but post which no calls nothing from them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 20, 2017
    • Axis Bank Car Loan
      "AXIS should provide loan at on road value"
      0.5 4.0/5 "Great!"
      I personally feel AXIS bank interest rate was high when compared with other banks, AXIS offered me 9.25% of interest on car loans but other banks are giving lower interest rate, AXIS giving loan only ex showroom value not at on road price. Thereby, I didn't take car loan from AXIS bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Axis bank gave me a call and explained me about the product very clearly. The customer support and the response part is really good in concern to my car loan application. The rate of interest is nominal with Axis bank. I have postponed my plan to Diwali, that was the reason, I haven't got the loan with Axis bank. Overall the service is very good with axis bank.
      Was this review helpful? 0
      , pune
      Reviewed on May 19, 2017
    • Axis Bank Car Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      I had taken a car loan with Axis bank. I applied for 4,66,000 but I received 4,60,000, so I have to check with the bank for rest of the money. Interest rate is 9.15% which is normal for the personal loan I believe. Their customer service is good.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on May 18, 2017
    • Axis Bank Car Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      AXIS is very good, they have collected the documents immediately and they done the fast verification to disburse the amount on time. AXIS have sanctioned 100% loan, I have purchased TATA HEXA with lower rate of interest. I am very much satisfied with their service.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 18, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had not decided to take car loan right now, I planning to take it later. Due to my personal reason I had dropped the plan for purchasing the car. AXIS response is good, I got call from their end and confirmed my decision. Their loan process is also really good.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 18, 2017
    • Axis Bank Car Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      Axis bank car loan process went smooth. There was no issue with the documentation process. Within 10 to 15 days axis bank has disbursed my car loan. The rate of interest is high when compared with nationalized banks. Overall the service is good with axis bank.
      Was this review helpful? 0
      , noida
      Reviewed on May 17, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Easily I got car loan from Axis bank. I never felt any hassles while processing the loan with them. The way of their response and customer service is good. They had some rate of interest but dont remember. This was also taken in 2011 and the loan amount was 2.7 laks and the EMI was around 6k for 5 years the loan process same day eveing i purchased the car.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 16, 2017
    • Axis Bank Car Loan
      "Hassle Free process"
      0.5 5.0/5 "Blown Away!"
      AXIS gave me good experience on car loan, interest rate is also as per the market it was around 10.25%, I applied the loan amount of Rs. 4 lakhs, entire amount got credited in my account. My loan not yet closed its running without any issues, I am very much happy with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    • Axis Bank Car Loan
      "Hassle free process"
      0.5 5.0/5 "Blown Away!"
      AXIS Interest rate is good, I got lesser interest rate what they committed. Process went smooth, initially they have called me and discussed about the loan process and disbursed the amount through DD. I got 100% loan amount on car value, I am satisfied with AXIS service.
      Was this review helpful? 0
      , noida
      Reviewed on May 15, 2017
    • Axis Bank Car Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      Interest rate is 9 % but it is just ok because in the beginning I was informed with the lowest interest rate around 8% later it was changed to 9%. Customer support was better, sometimes I received good support and sometimes they did not answer my call.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 15, 2017
    • Axis Bank Car Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      Axis bank provided a good service for the car loan but hey collected 6 cheque leaves from me acutally which is not required. So I had to visit the bank for 2 - 3 times to get back my cheque, at last I had to cancel my cheque. They had quoted an interest rate as per the bank policy. I had checked with few more banks but comparatively Axis bank is good in terms of interest rate, which was around 9%.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 15, 2017
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