It is a dream for most of us to own a car. However, the price of a car may not fit within our budget. You can always opt for financing to own a car in an easy way. With the range of car loans available in the market, it is no longer difficult to obtain financing for a car. Axis Bank is one of the banks that offer a range of financial solutions for various products. Among the loans offered by Axis Bank, car loan is a popular choice among customers mainly because of its affordable interest rates.
Like most service providers in the market, Axis Bank car loan application process is simple and hassle-free. The bank also promises quick processing time for its customers. The process for car loan typically begins with a simple application from the company’s website. You can also visit the nearest branch to initiate the application process. Once the loan has been applied, the status of the loan can be tracked in multiple ways. Some of the key features of Axis Bank car loan are as follows.
One of the best features of Axis Bank car loan is the flexible terms associated with it. The loan amount can be availed in flexible terms ranging from 1 year to 7 years. When you subscribe for a car loan, choose the repayment term based on your monthly disposable income and affordability. You can use the EMI calculator on the official website to calculate the amount you may have to pay every month. The minimum loan amount with Axis Bank is available from Rs.1 lakh. The bank offers up to 85% of on-road funding on most high-value loans. On select models of vehicles, up to 95% of the vehicle’s ex-showroom price is offered as the loan amount.
The eligibility criteria for Axis Bank car loan is pretty basic. Detailed eligibility criteria can be accessed from the bank’s official website. Anyone between the age of 21 years to 70 years can avail this loan. The loan is available only for customers who have a minimum annual income of Rs.2.4 lakh. Both salaried professionals and self-employed individuals can take this loan from Axis Bank.
The documentation process for availing car loan from Axis Bank is transparent and simple. You may have to submit certain documents like age proof, income proof, id proof, address proof, bank statement, photograph, etc. while applying for the loan. While applying for the loan, you can either access the bank’s website directly or apply through a neutral third-party aggregator like Bankbazaar. When applying for a loan, Axis Bank’s customers including privee banking customers, priority banking customers, wealth banking customers, and salary account holders can get access to the special benefits offered by the bank. The loan application may take up to 7 days to get processed by the bank. During this period, customers can check the status of their car loan by tracking the application in the following ways.
Axis Bank provides an easy way for its loan applicants to check the status of their car loans. This can be done easily by visiting the bank’s website. One of the benefits of this feature is that applicants can easily understand where they stand with regard to the loan application process. The status check does not require too much details from the application. In most methods, the application status can be tracked just with the help of the application number.
Axis Bank allows loan applicants to track the status of their loans in multiple ways. If you have access to the Internet, you can track the status of your application from the company’s website. The bank also has a separate subdomain for its customers to manage their loan applications. Applicants who have applied for multiple loan products can create an account in this site and track all their applications from the same place. It is also possible to get the status of a loan account from the bank’s customer service. The customer service of Axis Bank can be contacted in multiple ways, and they can provide an applicant with the details on their loan status. The detailed process of loan application tracking can be given as follows.
Once the loan application process is complete, you can check the status of your loan right away. You will receive a loan application number when you apply for a car loan. You can save this application number in order to know the status of your car loan easily. The bank provides a loan application tracker for applicants to access directly. The following step-by-step process can give you an idea of how it is possible to track the status of a loan with the help of loan application number.
Step 1: Visit the website https://loans.axisbank.com.
Step 2: Click on the tab ‘Track Your Application’ in the main menu.
Step 3: Once you click on it, you will be taken to a new page where you can provide your application number and mobile number.
Step 4: After providing the necessary details, click on ‘Submit’.
Step 5: The resulting page will display the status of your car loan application.
Note: You must ensure that the details provided in the page are given correctly. If there is any error in the application number, the required details will not be displayed in the website. The mobile number you provide in this process must match the mobile number provided at the time of application.
In addition to the above process, Axis Bank car loan status can also be identified with the help of the iConnect service. The process to check the loan status is similar to the one given above. You have to enter your loan application number to know the account status. The step by step process for this can be given as follows.
Step 1: Visit the website https://www.axisbiconnect.co.in.
Step 2: Enter the loan account status enquiry page.
Step 3: Enter the application number in the tab given as ‘application id’.
Step 4: Enter the captcha in the given space. If the captcha is not clearly visible, click refresh to load a new captcha.
Step 5: Once you have entered the necessary details, click on ‘enquiry’.
Step 6: The status of your loan application will be visible in the space ‘Application Status’.
Disclaimer: Axis iConnect website can also accessed directly from Google search. You can go directly to the page and provide the required details in it.
One of the ways in which you can track the status of your loan application is by signing into the bank’s website. This method is especially useful if you have multiple loan applications in different categories. If you don’t have an account in the website, you have to create one in order to keep track of all the loan applications. The step by step process for tracking your Axis Bank car loan status can be given as follows.
Step 1: Visit the website https://loans.axisbank.com.
Step 2: Go to the tab ‘Your Applications’.
Step 3: Click the link to ‘Sign Up’ for a new account.
Step 4: Use the login details to enter your account.
Note: The details of your loan account will be updated here in your account. You can view it anytime with the help of your login id and password.
Axis Bank operates a friendly customer service to clear all your banking related queries. The company’s banking website provides all the details regarding the ways in which to contact its customer service. You can also obtain the customer care number for Axis Bank with a simple internet search. The bank’s ‘Contact Us’ section provides all the details on the ways in which the customer care can be contacted.
Note: While contacting the customer service, it is important to provide your car loan application number in order to know its status. If you do not have your loan application number, you can ask the executive to track the account status with the help of your mobile number. You can also use the customer service to clarify any other banking related queries from Axis Bank.
With these methods listed here, it is possible to get the status of your car loan application in no time. Axis Bank ensures that all its customers have easy access to the information they require from the bank.
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