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 4051 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 22 Jul 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 service"
      0.5 4.0/5 "Great!"
      I got the quick car loan from axis bank , because they processed the loan within 2 days of time. The customer service and the response is really good with axis bank. The rate of interest is nominal with axis. I am completely happy with the service provided by AXIS also the response provided by them was really good.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 18, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The Axis bank car loan process just took 3 days of time. They have approved and disbursed my car loan within 4 days of time. The customer service and the response was very good with axis and the rate of interest is nominal with axis bank and it can be compared with other banks too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 18, 2017
    • Axis Bank Car Loan
      "Below average service "
      0.5 1.0/5 "Really Bad"
      Axis bank doesn't know how to treat the customer they gave a call and spoke to me as if they are doing a favour to me and without completing the call they dropped the call, which again gave me a bitter experience. The customer service and the response need to be improved with Axis bank. They were not ready to listen to the customer query and they were just explaining their terms and conditions on the call.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 18, 2017
    • Axis Bank Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      The car which I am planning to buy it is not available in the market, I have shortlisted MARUTI SUZUKI SWIFT DZIRE ZDI AMT but it was there. That's the reason I have postponed the plan. Bank response was great, AXIS is very much supportive they ready to sanction the vehicle on road price but I denied to process right now.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Not Satisfied with the services"
      0.5 1.0/5 "Really Bad"
      I had applied for a car loan with Axis Bank through a online channel. The bank has not contacted me after they received the details. It was a complete zero response. It has not been a good experience. The bank could have acknowledged my details at least to check on my requirement and let me know if the process could happen or not.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      Since I decided to take the car loan in the second half of the year. I postponed my decision due to personal reasons. I cancelled my application with Axis Bank. The customer support was good and I received a proper response and the interest rate and charges was normal too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a car loan from Axis Bank and the bank responded to my details. It was a average experience. I did not go ahead with the loan, because the rate of interest and processing charges was high. Though I am an existing customer there are no better deals.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has offered me a car loan as well. I got this loan without any issues. The executive contacted me on time and collected my papers and processed the details as well. The interest rate and processing charges was also a good deal. A smooth sail overall.
      Was this review helpful? 0
      , bhiwadi
      Reviewed on Jul 13, 2017
    • Axis Bank Car Loan
      "Zero response"
      0.5 1.0/5 "Really Bad"
      I applied through an online channel for the car loan and my details was submitted to Axis Bank. I was told that I would receive a call back in a day. After which I got no calls and in the mean time I went ahead with another bank. It has not been a good experience.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 11, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The axis bank car loan rate of interest is high when compared with other banks, so that was the reason I haven't proceed with axis bank, the customer service and response and the response was good with axis, so axis executive gave a call and explained me about the product, The service which was provided by AXIS Bank was really good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Dissatisfied"
      0.5 1.0/5 "Really Bad"
      Interest rate charged by Axis bank for the car loan is way too high. They are not customer friendly. I had an Idea of applying around six lakhs for the same car loan. On the other hand as the rate of interest is really high, I would re-think to recommend Axis bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I can't provide the required documents for my car loan application, so that was the reason I haven't proceed with the axis bank car loan. The customer service and the response was good with Axis bank. The rate of interest is nominal with axis bank. I would say it was a satisfactory service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I haven't got the car loan with axis bank. The communication was lacking with Axis bank, so that was the reason I was supposed to go with other banks for my car loan. The rate of interest is nominal with Axis bank. The customer service and the response was good with axis bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I didn't get the car loan from Axis bank, because of my dealer helped me to get the loan with HDFC bank. The customer service and the response with Axis bank was good. The rate of interest and the charges was average with Axis bank. I am satisfied with AXIS bank service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 10, 2017
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 3.5/5 "Pretty good"
      It was a nice experience with Axis bank, I had applied for a car loan, I received a prompt reply from them the rate of interest was around 9.25% the loan amount I applied for 10 lakhs and I have received 9.25 lakhs and the EMI is around 18697/- loan got processed with in 4 to 5 days.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2017
    • Axis Bank Car Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      AXIS gave best offer in the market with zero processing fee with the interest rate of 7.99%. I took the loan amount of 9 lakhs with the tenure of five years. In against Renault dustor. AXIS has locking period of one year for preclosure for car loan.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The response part need to be improved with Axis bank. The customer service took too much of time to response to my car loan application, The rate of interest is also in higher level, when compared with market rates. That was the reason I haven't got the car loan with Axis bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The reason I haven't got the loan with Axis bank, because I got the car loan with State Bank of India with the 100% loan amount with on road price. The customer service and response with axis was good . The rate of interest is high when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      As my salary account is with axis bank, so I choose axis bank to get the car loan. With in 2 days of time axis bank has disbursed my car loan. The requested loan amount has been disbursed and I am happy about the loan amount. The rate of interest is higher than SBI.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 07, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 4.0/5 "Great!"
      Axis bank executive told that my salary has not met their eligibility criteria, so that was the reason I can't proceed with axis bank car loan. The customer support and the response was good with axis. The rate of interest is nominal with Axis bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 07, 2017
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