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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    We found 1 AXIS Bank Used Car Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.75% - 11.50% Fixed
    Up to ₹5500
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    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 3931 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 25 Jun 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
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      Due to personal reasons I postponed the car loan plan with Axis bank. I am treated very well by Axis Bank executive as I have got the best service and response from them pertaining to the car loan application which is being submitted.The rates applied was 9% and the loan amount I tried to opt is 4 lakhs.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 23, 2017
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      Due to my personal reason, I have not taken the car loan with the Axis bank. Interest rate with the Axis bank haven't discussed about this. Customer service with the Axis bank and they have done the follow on timely basis, also they have done the things in good manner.I have applied for three to five lakh loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Due to personal reasons I could not proceed with Axis bank for the car loan. I got a proper response and follow up from the bank checking about my requirement. The loan amount I have applied for 4.5 lakh In all it was a smooth experience.No hassle faced.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 23, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My experience was very great with respect to AXIS bank in terms of car loan and the interest rate wasn't shared, even their customer service was good and they contacted me regularly. But the bank has denied to process the loan because I was not having the local proof, therefore they were not in a position to accept that.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      Axis bank charges very high interest rate in concern to the car loan product, that was the reason , I haven't got the loan with Axis. In the other hand they gave good response and better follow up on my car loan application. But for sure will not recommend this loan to others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "High Interest Rate"
      0.5 3.0/5 "Satisfactory"
      I found that the rate of interest is very high with Axis bank for the car loan. Hence I did not process my car loan application which was submitted already with Axis bank. But the response part and customer service was good with the bank on my loan application.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I haven't got the car loan with axis bank, because I have dropped the plan of getting it and The axis bank customer service and response part is very nice and they have made a good follow up in concern to my car loan application the loan amount I have applied for twelve lakhs.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "No Response"
      0.5 1.0/5 "Really Bad"
      I do not know the reason for why the Axis bank is rejected my car loan. I did not receive a single call or message from Axis bank as a response for my loan application. Though I maintain prompt transactions and I have very good payment history. Axis bank should have communicated to me before rejecting my loan application. Still I did not receive any reasons from the bank. This is not way to provide the financial service to the people. The bank has to be improved in customer satisfaction.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The axis bank customer service and response part is very nice and they have made a good follow up in concern to my car loan application. Axis have not asked any documents to proceed with the loan Since I have salary account with them .The rate of interest is 9%, when compared with other banks
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      Axis bank promptly contacted me when I applied for the car loan. But, simultaneously I was trying for home loan top up. Hence I had received home loan top up so I just closed the car loan process. But the bank was good in responding and there were no issues as such with the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 22, 2017
    • Axis Bank Car Loan
      "Be Customer Oriented"
      0.5 1.0/5 "Really Bad"
      I approached Axis bank for the car loan through online source. When I was approaching them I was informed that the loan will be sanctioned but after which the bank informed me that the credit score is not sufficient to provide the loan. Also there is no proper response from Axis bank, they made me to hold the line for 35 to 40 minutes, then they said they cannot provide the loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2017
    • Axis Bank Car Loan
      "Delayed Response"
      0.5 4.0/5 "Great!"
      On my car loan application, I approached Axis bank. At that time the bank did not respond me for the loan on time so I went a head with the other bank. After which Axis bank contacted me for the loan but I did not take the loan from them. I received delayed response from Axis.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Axis Bank Car Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      Already I had taken the car loan from Axis bank last time. Again I applied for the loan with Axis bank. The bank provided very good response on my loan application then they processed it in a good way. I did not face any hassles with the bank during the process.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I was looking to buy a commercial vehicle and since bank said I am not eleigble for this loan bank did not offer the car loan for this purpose, I could not go ahead for this loan. The response was on time and the interest rate and processing charges no idea about it. I cannot comment nor recommendable as I had not used their services.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      After I applied for a car loan with Axis Bank I was contacted and I was informed about the details for the loan I dropped my car loan plan for time being. I am not at all happy with the bank as there is no response from them there rate of interest is very high compare to other banks.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The axis bank customer service and response part is very nice and they have made a good follow up in concern to my car loan application. Axis have asked very less documents to proceed with the loan. The rate of interest is less, when compared with other banks. I would say axis gave very good service my loan got sanction from bank but the showroom people said the car which your opting for it the rate has been increased so I dropped the plan
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Happy that I had got a very good response from Axis bank with respect to my car loan application. Recently, I had applied for the car loan with them. Customer service is good and they promptly provided the information in regards to my car loan But I did not further proceed with that as HDFC bank has approved my car loan faster than AXIS Bank, as I do have a good track record with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2017
    • Axis Bank Car Loan
      "Interest rate it should be reduced"
      0.5 5.0/5 "Blown Away!"
      Everything was transparent in AXIS, one of the my friend was working with AXIS. He have moved my application to loan department. Hence the process completed quickly. I have taken the loan amount of Rs. 4 lakhs with the interest rate of 15% it is higher because its was reused car. I have purchased Maruthi Suzuki swift dezire car.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got a proper response from Axis bank, I got a very good service from the bank on my loan application but unfortunately I could not proceed further for the loan because I had postponed the plan . I told the bank executive that I would opt for it, if I am interested again, I informed them. Also the loan amount what I had applied was for 4 lakhs approximately.
      Was this review helpful? 0
      , greater noida
      Reviewed on Jun 17, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      AXIS car loan process was good, they gave quick response on my application the loan amount I have applied for 4.5 lakhs approximately. I actually applied for commercial car, but the bankers end they informed me that loans will be provided only for private purposes no further discussion on ROI.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 15, 2017
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