Axis - If you have applied for a car loan from Axis Bank and wish to track the status of your application, you can do so by visiting its official website, calling its customer care number, or visiting the nearest branch of the bank. Axis Bank car loans can be availed at interest rates starting from 9.25% p.a. and can be repaid in a maximum of 8 years. You can avail up to 100% financing on the car’s on-road price.
There are 3 ways by which you can track the status of Axis Bank car loan application:
All the 3 ways of tracking the status of Axis Bank car loan have been explained in the following sections.
When you apply for a car loan on the official website of Axis Bank, an application ID will be generated. You will need this application ID to track the status of your loan application and hence, you must note it down. Once you have this information handy, you can check the status of your loan application by following the below-given steps:
You can track your Axis Bank car loan application process by calling the numbers 1-860-419-5555 and 1-860-500-5555 Monday to Saturday between 9:00 a.m. and 9:00 p.m. You can call these numbers from anywhere in India on any day except on national holidays. Customers outside India can avail phone banking facility by calling the number +91 22 67987700.
To track the status of your Axis Bank car loan application status offline, you can walk-in to the nearest branch of Axis Bank. You can locate your nearest Axis Bank branch by clicking on the ‘Locate Us’ button available on the website of the bank.
Answer: Yes, Axis Bank allows you to do the car loan application process online on its official website. All you need to do is click on ‘Car Loan’ tab under the ‘Loans’ section. This will be available under the ‘Explore Products’ tab on the home page. Once you are on the ‘Car Loan’ page, you can click on the ‘Apply Now’ button to start the application process. You can also browse through the benefits and features of Axis Bank car loan before you apply for it.
Answer: To check your eligibility for an Axis Bank car loan, you can use the ‘Car Loan Eligibility Calculator’ available on the bank’s official website. However, the basic eligibility to avail a car loan from Axis Bank are – you should be aged between 21 years and 70 years, earn at least Rs.2.4 lakh p.a. and have at least 1 year of continuous employment if you are salaried. Self-employed individuals, on the other hand, should be aged between 18 years and 75 years, should have an annual income of at least Rs.1.8 lakh and should be in the same line of business for at least 3 years to be eligible for Axis Bank car loan.
Answer: If you have a credit score lower than 750, there is a high chance of your Axis Bank car loan application getting rejected. In some cases, you may get a loan despite your low credit score but may be charged a high rate of interest. You can get in touch with Axis Bank directly to see if you can get a car loan with your score. The decision to offer you a car loan will lie at the discretion of the bank.
Answer: Besides having a low credit score, your Axis Bank car loan application may get rejected for reasons such as incorrect or unclear information provided, lack of steady income, poor debt record, and request for a large loan amount.
Answer: Yes. When you apply for a car loan from Axis Bank, you will be required to pay the processing fee and the documentation charges upfront. Currently, Axis Bank charges a processing fee in the range of Rs.3,500 to Rs.5,500 and documentation charges of Rs.500.
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