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    We found 1 AXIS Bank Used Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.60% - 11.50% Fixed
    Up to ₹5,500
    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 4372 Users
    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 24 Feb 2018

    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
      "Hassle Free Experience"
      0.5 4.0/5 "Great!"
      I closed car loan with AXIS, it was a good experience. I took the loan amount of Rs. 3 lakhs, I done Rs.1.25 lakh of foreclosure with some interest on the principal. They gave me NOC certificate on time. Without any hassles I got my loan and closed it on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • Axis Bank Car Loan
      "High charges and need to improve on services"
      0.5 3.5/5 "Pretty good"
      I have taken a car loan from Axis Bank. The process is not that easy. I need to sign 60 pages. The rate of interest is also high, it was of 10.5%. The ECS deduction was usually on time. But there was once I faced a problem, though I had funds in my account they did not deduct the ECS and after which they took charges.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 16, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Axis bank,the loan amount is 9.07 lakhs,rate of interest is nominal as compared to other banks.The tenure is for four years.They had processed the loan and had disbursed in two days.They had deducted processing fees of 8000 including insurance charge.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 13, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Axis bank and my loan experience was very good. The process was quite smooth and i received my loan amount within the given time. The loan amount was for Rs 6.5 lakhs with the rate of interest of 8.9% which is less when compared to other banks. I have a tenure period of 5 years and the customer service responded on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 12, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have arranged the required loan amount from other source , so that was the reason I haven't processed with the axis bank car loan. The customer support service was good with the axis bank. The rate of interest of interest was average with the axis bank car loan services.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 08, 2018
    • Axis Bank Car Loan
      "Service is good "
      0.5 5.0/5 "Blown Away!"
      Within 2 days of time I have got the car loan from the axis bank. The verification and the documentation was done in a prompt way. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges are average with the Axis bank car loan services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 08, 2018
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I was getting more attractive interest rates from the other banks, so that was the reason I haven't got the car loan from the Axis bank. The customer support gave me good response in regards to my car loan application, but they couldn't match my requirement.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 08, 2018
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have postponed the car loan plan at present so that was the reason I haven't got the car loan from the axis bank. The customer support and the response was good with the axis bank. They never explained me about the interest rate about the car loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 08, 2018
    • Axis Bank Car Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      I haven't got the axis bank car loan because, I was receiving the calls from them in regards to my car loan application. Their executives were calling me to take up the loan , so that was the reason I haven't got the car loan from the axis bank. when customer tells , he don't wants the calls back then they should not disturb.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 08, 2018
    • Axis Bank Car Loan
      "Need to be transparent"
      0.5 3.0/5 "Satisfactory"
      Initially the Axis bank promised that they will approve the loan amount of Rs,7,00,000 ,but they approved the loan amount Rs,5,40,000, which lead me in disappointing situation, so that was the reason I haven't got the car loan from the Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 08, 2018
    • Axis Bank Car Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      The product explanation was not good and they haven't fulfill the requirement and the executive is not up to the mark with the Axis bank. The service part need to be improved with the axis bank. The service has to be in a professional way from the axis bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 07, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I didn't got the car loan from the axis bank because the rate of interest which was offered by axis bank was high when compared with others banks, it would be good if they can reduce the interest rate as per the other banks. The customer support was good with the Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 07, 2018
    • Axis Bank Car Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I have the car loan with the Axis bank and the interest rate is around 9.65% and the customer service is good one for me. Every aspects are better one with the Axis bank. Disbursement also got happens on the immediate manner with the Axis bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 07, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The axis bank was prompt in their response part and they have disbursed the car loan within 10days of time. The customer support is good with the axis bank. The requested loan amount has been approved and I am satisfied with it. The rate of interest is average when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 06, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the car loan from the other bank, so that was the reason I haven't got the car loan from axis bank. The customer support of axis bank gave me average response. They need to be improve with their response part. The rate of interest and the charges are average with the Axis bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 06, 2018
    • Axis Bank Car Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      I have approached AXIS bank for my car loan . The Interest rate was bit high than HDFC bank so I have cancelled and taken with HDFC itself. The customer service and responses was up to the mark. My overall experience was not satisfactory so I would not recommend also.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 06, 2018
    • Axis Bank Car Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      I have approached AXIS bank for my car loan. The loan amount was 6.8 lakhs and the rate of Interest was very high than other banks. The tenure period was 7 years . The customer service and responses was up to the mark. My overall experience was very good and this bank is very much recommendable.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 06, 2018
    • Axis Bank Car Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have approached AXIS bank for my car loan . The loan amount I was 7 lakhs and the Interest rate was 8-9% which is average in the market . The customer service and responses was up to the mark. I have not submitted the documents since I have not finalized the card so I have not taken the loan here .My overall experience was very good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 06, 2018
    • Axis Bank Car Loan
      "Car loan from AXIS"
      0.5 3.0/5 "Satisfactory"
      I have taken a car loan from AXIS bank and the approved loan amount was 6.6 lakhs. The rate of interest was 8.5% with a monthly EMI of 10000. There was some processing fee and charge around 1500.There was Lot of miscommunication regarding the documents, they have not clearly mentioned the documents, and about the insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 01, 2018
    • Axis Bank Car Loan
      "Overall no hassles"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Axis bank. It was not a hassle to get the loan through. The paper work was smooth. I also got a good deal on the interest rate and charges. The after loan services are also good. The customer support team was helpful in the process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 31, 2018
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