• Axis Bank Car Loan Diwali Offers

    When Diwali is just round the corner it is time to treat yourself and your family with something memorable. Just after clothes, crackers and sweets, the next thing that comes to your mind to bring home on Diwali is a brand new car. If you and your family have been longing for a car since long this is the time to gift yourself and your beloved ones a luxurious car as this festive season it is raining car loan offers.

    Axis Bank is offering car loans to customers at an affordable interest rate to fulfil their desire to buy a car this Diwali. The bank is providing up to 100% on-road funding and up to 95% funding on the ex-showroom price of the vehicles for some selected models. In some specific cases, there is offer of up to 150% financing. The interest is charged at a reasonable rate of 9.25% p.a. based on the loan amount. Under an exclusive offer it is currently giving up to 100% funding on the purchase of Ford cars. Axis Bank is not charging any processing fee to sanction the loan to the borrowers. The best thing is, if you apply for an Axis Bank car loan on BankBazaar website, you will receive exclusive Diwali gifts and discounts after the disbursal of the loan amount.

    Key Features of Axis Bank Car Loan

    Axis Bank car loan comes with a number of attractive features that makes it an ideal borrowing option for the car lovers to buy their desired car.

    • You can avail a loan amount of minimum Rs.1 lakh to maximum Rs.15 lakh with low EMI option.
    • The loan is disbursed quickly in the borrower’s account after approval.
    • There are very flexible repayment options starting from 1 year to 7 years.
    • A processing fee ranging between Rs.3500 to Rs.5,500 is charged on the basis of the loan amount.
    • Part-payment and pre-closure of the loan is allowed with a minimal fee.
    • No requirement of any guarantor or any kind collateral to apply for the loan.
    • An affordable interest rate of 11% - 12% p.a. is charged on the loan.
    • Salaried individuals within the age group of 21 to 70 years and self-employed persons within 18 and 75 years of age are eligible for the loan.
    • Minimum income required for salaried individuals to apply for the loan is Rs.2.4 lakhs p.a. and for self-employed persons it is Rs.1.8 lakhs p.a. for some car models and Rs.2 lakh p.a. for other models.
    • Salaried individuals should have minimum 1 year of continuous employment and self-employed persons need to have minimum 3 years of experience in the same business.
    • Axis Bank car loan is available on the purchase of pre-owned cars as well. 

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