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
    8.60% - 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 4317 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    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 23 Nov 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
      "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? 0
      , 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
    • Axis Bank Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Axis bank, my loan application was closed because there was no requirement of loan as of now. When it comes to customer service, it was good and they responded on time. The rate of interest is very high when compared to all other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 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 the rate of interest was high when compared to all other banks. Customer service part was fine, there was no issues with them, they gave a proper response and also followed up on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My car loan application got closed due to some reasons, the Person who has collected my documents made delay in regards to car loan application The customer support was average with Axis bank. The rate of interest which they have offered was high when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2017
    • Axis Bank Car Loan
      "Better banking"
      0.5 3.0/5 "Satisfactory"
      I have requested for a car loan from Axis bank.The loan amount is 6 lakhs i had requested,later dropped the plan,may in future i might apply from the same bank if they give good rate of interest.I feel rate of interest is little high in axis bank compared to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2017
    • Axis Bank Car Loan
      "Not satisfactory"
      0.5 2.0/5 "Expected more"
      The executive has didn't turn up to collect my documents, there was a delay. So i have processed with HDFC Bank. They need to improve the service and has to be more quick in collecting the documents.The rate of interest is nominal, offered me 9.5%
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2017
    • Axis Bank Car Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have approached AXIS Bank for my car loan . The rate of interest was 10% which was very high than other banks. The customer service ad responses was up to the mark. My overall experience was not bad and I would like to recommend to my friends and others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2017
    • Axis Bank Car Loan
      "Average Service"
      0.5 2.5/5 "Just OK"
      I have approached AXIS bank for my car loan. The customer service and responses was satisfactory. SBI's benefits are really good than AXIS bank so I have cancelled my application here. The interest rate was 10% which was very high in the market so My overall experience was average here.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Axis Bank Car Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached AXIS bank fir my car loan. They required certain documents for NRI which I could not provide so I have cancelled the application. The rate of interest was 155 which was very high for 5 lakhs SO My overall experience was satisfactory
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 14, 2017
    • Axis Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached AXIS bank for my car loan. The customer service and responses was satisfactory but I have cancelled the application since the car company executive said that they can do finance in house . The interest rate was 8.75 which was bit high than other banks . My overall experience was good here.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Axis Bank Car Loan
      "Foreclosure option is costly."
      0.5 4.0/5 "Great!"
      Even though it was just an inquiry with Axis Bank in regards to my Car Loan, I got a good insight about the product, To start of their communication with me was good. But I felt their Rate of Interest was a little high and also their Foreclosure charges are high, I got a better deal from another Bank.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 11, 2017
    • Axis Bank Car Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I had applied for car loan with Axis bank.The loan had requested is eight lakhs.Rate of interest they had offered me is nominal compared to other banks.The executives had responded on time to share the status of the application.overall had a good experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 11, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      There was no proper response from AXIS for my car loan service they never called me from the date I applied for my loan there is no proper information have been provided from AXIS it was totally a good experience with AXIS for my car loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 11, 2017
    • Axis Bank Car Loan
      "Satisafctory"
      0.5 4.0/5 "Great!"
      I have my car loan with AXIS Bank . The loan process was not bad. The loan process was 6.5 lakhs and the interest rate was 8-9% which was average in the market. They have to improve their customer service and responses. They have sanctioned the loan amount and My experience was satisfactory .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I had applied for a car loan with Axis bank.I had requested for eight lakhs.however banks has promised me to give 5.50 lakhs rate of interest they did not share it with me ,had collected documents its been almost two weeks,did not receive any communication about the status of the application not satisfied with service of the bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • Axis Bank Car Loan
      "Average service"
      0.5 1.5/5 "Bad"
      I had applied for a car loan with Axis bank.The loan amount is 10 lakhs.Rate of interest is 8.7% nominal as compared to others.The executives called me for documentation,unable to provide as i don't have a salary slip hence closed the application.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 10, 2017
    • Axis Bank Car Loan
      "Customer's Friendly and hassle free"
      0.5 5.0/5 "Blown Away!"
      I am satisfied with AXIS bank, they gave me good service and offers. The executive who handled my car loan procedure they were very coordinative and gave me clear information. They fulfilled my need on time to purchase Wagon R car, I am happy about the interest rate of car loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 10, 2017
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