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 Used Car Loan

    We found 1 AXIS Bank Used Car Loan

    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 Used Car Loan is Rated as "Great!" by 3783 Users

    Car Loan BYTES FROM OUR KITCHEN

    Axis Bank used car loan is just one of the many loans the bank offers to its valuable customers in India to suit their needs. Axis Bank used car loan is disbursed in various denominations to suit all your needs of buying a used car. The best part is you can apply for the Axis Bank used car loan through the internet. All you need is to provide a few basic details and one of our representatives will promptly respond to your needs of getting a used car loan.


    You’re probably eligible for an AXIS Bank Used Car Loan if you are

    01
    02
    03
    04
    AXIS Bank Used Car Loan Minimum Age

    At least 21 years old

    AXIS Bank Used Car Loan Maximum Age

    Less than 70 years old

    AXIS Bank Used Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    AXIS Bank Used Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your AXIS Bank Used Car Loan amount eligibility is based on these factors

    01
    02
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    AXIS Bank Used Car Loan Minimum Salary

    Minimum income required
    Rs.20,000 per month

    AXIS Bank Used Car Loan Maximum Loan to Value

    Loan capped @
    90% of the valuation amount

    AXIS Bank Used Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible AXIS Bank Used Car Loan amount by these steps

    01
    02
    AXIS Bank Used Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    AXIS Bank Used Car Loan Maximum Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an AXIS Bank Used Car Loan

    • 1. Residence proof
    • 2. Photo ID and age proof
    • 3. Signed application form with photograph
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account


    AXIS Bank Used Car Loan Interest RatesUpdated on 28 May 2017

    AXIS Bank Used Car Loan Details
    Interest Rate (Monthly reducing balance) 14.5% to 16.25%
    Processing Fees Rs.3500 – Rs.5500
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 10% of the principal outstanding (plus ST) up to 6 Months and
    5% of the principal outstanding (plus ST) after 6 Months
    Guarantor Requirement No guarantor required

    Features & Benefits of Axis Bank Used Car Loans

    Axis Bank used car loan is customized according to the needs of every customer. It is available with flexible options in a transparent and cost-effective process.

  • No part payment charges for car loan with fixed rates during the festive season
  • Car loan amount is disbursed based on the ex-showroom price of the vehicle
  • Available at attractive interest rates
  • Loan-to-value (LTV) ratio up to 95% of the ex-showroom price on select models are provided
  • Banking surrogate schemes are available
  • Used car loan is available from one lakh onwards
  • One to seven years of car loan tenure
  • Calculate EMI using online Axis Bank used car loan EMI calculator
  • Customers with Priority Banking, Wealth Banking and Privee Banking get special offers
  • Club 50 and Channel One Current Account holders get Special Surrogate Scheme
  • Axis Bank salary account holders get special offers

    The above features and benefits are subject to terms and conditions.

    Why Apply for a Axis Bank Used Car Loan on Bankbazaar.com?

    • One stop site for all your used car loans – Get the best used car loan offers, lowest interest rates and instantly apply for used car loan at BankBazaar.com.
    • Attractive interest rates – Get the lowest interest rates for Axis Bank used car loan in India.
    • Instant used car loan quotes – Get instant used car loan quotes suited to your needs by simply filling in the online loan application form.
    • Get used car loan comparison – You can compare various used car loan offers with the best interest rates, the monthly EMIs, processing fees and see the feedback from other customers.
    • Transparent loan process – We help you in making the right choice suited for your car loan needs. You get the complete information on all the car loan options.

    Eligibility Criteria for Axis Bank Used Car Loan

    Anybody with monthly salary or a self-employed professional can apply.

    Salaried applicants

    • Applicants should be 21 years of age
    • Maximum age should not exceed 70 years
    • Minimum annual net salary should be 2.4 lakhs
    • Income proof with salary slip and form 16
    • Must have a minimum of one year continuous service with current employer

    Self-employed applicants

    • Applicants should be 18 years of age
    • Maximum age should not exceed 75 years
    • Minimum annual net business income should be 1.8 lakhs for selected models and 2.0 lakhs for all other used car models
    • Latest income tax return for income proof
    • Must have a minimum of three years continuous service in the current business

    Self-employed Non Individual applicants

    • Minimum annual net business income should be 1.8 lakhs for selected models and 2.0 lakhs for all other used cars
    • Income proof with last two years income tax return and audited financial of 2 years along with computation of income
    • Must have a minimum of three years continuous service in the current business

    Priority or Wealth or Privee Customer applicants

    • All Customers with a vintage of six months and minimum average quarterly balance:
    • Maintain average quarterly balance of 1 lakh for last two quarters completed
    • Average quarterly balance must be met for both the quarters
    • Maximum loan amount of 3 times the average quarterly balance in the last two quarters

    Salary account applicants

    • Must hold salary account from last 3 months
    • For any one working in Public Limited & Private Limited Companies
    • MNC
    • Permanent employees of State / Central Government
    • Permanent employees of Public Sector Undertakings
    • Permanent employees of reputed schools / colleges
    • Applicants should be 21 years of age
    • Maximum age should not exceed 70 years
    • Minimum annual net income should be 2.4 lakhs
    • Income proof with salary slip and form 16
    • Minimum 1 year of continuous employment

    The above axis bank used car loan eligibility is subject to terms and conditions.

    Documentation Required for a Axis Bank Used Car Loan

    • Proof of age
    • Identity proof
    • Photograph
    • Proof of residence
    • Proof of income
    • Account statement
    • Proof for verification of signature
    • Car ate list or invoice
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  • AXIS Bank Used 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? 0
      , 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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