If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • loading

    We found 1 AXIS Bank Used Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.60% - 11.50% Fixed
    Up to ₹5,500
    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 4332 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    AXIS Bank Used Car Loan

    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
    03
    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 11 Dec 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
  • AXIS Bank Used Car Loan Reviews

    • Axis Bank Car Loan
      "WONDERFUL SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with AXIS Bank as i took car loan from there . The bank gave me a full approval on the amount i asked for . The Customer service is good fromthe bank side . The amount got Disbursed in a week time . The Rate of interest was 8.5% they charged and the processing fee was 2K they took . It bank provided me Pre closure option with no charges .
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 08, 2017
    • Axis Bank Car Loan
      "Good One"
      0.5 4.0/5 "Great!"
      I canceled the application from my side it was over all a good experience with AXIS Bank . The Customer service was good from axis bank as i applied for a car loan . I was getting a better option from hdfc bank side . I wanted a fast approval and the process was a kind of slow . As form my side The time limit was less so i did not opt for it .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 02, 2017
    • Axis Bank Car Loan
      "Car loan with AXIS"
      0.5 5.0/5 "Blown Away!"
      Since i have not fixed with the car ,i could not able to process the loan application with bankbazaar. In future if i am planning to get a car loan then i can definitely consider AXIS bank. The bank is really approachable for car loan.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 01, 2017
    • Axis Bank Car Loan
      "GOOD"
      0.5 1.5/5 "Bad"
      It was not a good experience i had AXIS Bank for my car loan process . The customer service i received was ok but it could have been more better . The bank did not give me a full approval only the 85 to 90% was approved .the Rate of interest was 9% they charged me . The processing fee was there was nominal . The money got Disbursed within 24 hours . The bank took Pre closure charges of 5% for closing the loan .
      Was this review helpful? 0
      , surat
      Reviewed on Nov 28, 2017
    • Axis Bank Car Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      Axis Bank is excellent with the car loan process and they have processed my loan on time and there are no high charges on the interest rate. Being a corporate customer the bank has offered me the best of deals always and the after loan services are also good.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 27, 2017
    • Axis Bank Car Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I have applied for a car loan with AXIS but later i had taken the loan from Kotak mahindra so that i have closed the loan with Axis bank. The customer service and response with the bank is perfectly fine. Other than that i dont have any other issue with the bank.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 25, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      AXIS car loan service was fine,the customer support was awesome also the interest rate was good but I was with some personal issues so I was unable to process further with my loan process with axis it was totally a average service from axis car loan service.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Nov 25, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Axis car loan service was a very good experience for me they offered me with higher interest rate which compare to other banks in the market. The customer service was prompt with axis car loan service,I never find any difficulty with axis car loan service.
      Was this review helpful? 1
      , noida
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a awesome experience from axis for my car loan service they took only one day to process the loan request. The customer service was amazing they fulfilled my requirements as I expected I got a loan amount of 9 lakhs and the interest rate they quoted me was superb compare to others in the market.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Axis car loan service was good but I feel the interest rate they offered me was little high compare to others in the market and I got a better offer with a better interest rate. The customer service was very supportive I use to get regular followups regarding my loan process it was a average service from axis for my car loan service.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good service from axis for my car loan service the interest rate they quoted me was little high compare to others in the market. The customer service was good with axis bank service it was totally a wonderful experience with axis for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      The service was good with axis for my car loan service the interest rate they offered me was 9 % which was high compare to other banks in the market it was the main reasons for the cancellation of my loan process the customer service was prompt it was a nice experience with axis for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the car loan with the Axis bank and the rate of interest is around 9.65%, also the customer service is good one for me. I would like to say that they need to improve on it because they have not provided the insurance copy for this.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      AXIS car loan service was good the customer service was good the interest rate they offered me was 10 % which was comfortable for me ,I had some personal issues so I was unable to process further so I postponed the plan temporarily it was totally a good experience with axis for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 24, 2017
    • Axis Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      My car loan was taken with Axis Bank before 1.5 years. They have given proper response. The executive came to my place to collect the documents. They had offered me 3.2L with a duration of 3 years. The rate of interest is nominal like other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • Axis Bank Car Loan
      "High on ROI"
      0.5 3.0/5 "Satisfactory"
      There was a response on time from Axis Bank. They contacted me and informed me the details for the car loan. But I went ahead with another bank because the rate of interest and processing charges was on the higher side. Else the response was on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 22, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan from Axis bank, my loan application was closed because the rate of interest was way high when compared to all other banks. When it comes to customer service, it was good, they responded on time and gave all the correct information. There was also regular follow ups done.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 20, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the car loan from Axis bank, my loan application was closed because i do not require car loan as of now. The customer service part was good and they responded on time. Regular follow ups were done and there was no delay. The rate of interest is nominal when compared to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Axis bank, my loan application was closed because i have taken a car loan from other bank. When it comes to customer service, it was good, they responded on time, the only issue was with the preclosure charges. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2017
    • Axis Bank Car Loan
      "Fast approval"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with Axis bank. They are providing good service and giving the best offers. They charged 5 % for pre closure which they didn't inform to me. It was on time and the process was very easy. Documentation process is very simple. The representative was very kind and helpful.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.