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
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    AXIS Bank Used Car Loan is Rated as "Great!" by 4401 Users

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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 19 Jul 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
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with AXIS bank and my experience was very good, the loan amount was for Rs 3 lakhs out of which i paid Rs 2.15 lakhs and remaining 80000 is left out. The rate of interest of 11% is nominal rate and it is a new car. Customer support was good and they followed up on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 12, 2018
    • Axis Bank Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with AXIS Bank 11 years back. The loan amount was 54 lakhs and the interest rate was satisfactory and the tenure period was 84 months. I had a good experience here . The documentation was really easy and there was no delay in disbursing or sanction the loan. Their processing fee was also quite nominal so its recommendable.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan had been very good and they had made the process smooth and easy. The interest rate which they had offered had been good and it was less compared with the market rate.The loan amount had been good and the staff responses had been very good and there has not been any hassle during the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with them and i had chosen to go with them since the interest rate with them has been less when compared with the other banks. The loan amount which they had given has been satisfactory and there has not been any issues faced with the banking services of them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Axis Bank Car Loan
      "VERY GOOD"
      0.5 4.0/5 "Great!"
      I have closed this loan earlier what i have taken and now later before 6 months i have taken another loan. The rate of interest is 8.35% and it is a like normal. The loan amount is satisfactory that what they have provided. Documentation is fast and also the service is very good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 30, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The experience with them was not been that great since because the process in getting the loan has taken more time than usual. The interest rate with them has been high as well. The loan amount which they had provided had been good and the customer support also had been helpful at times and overall it had been a good experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 29, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      It has been an excellent experience with them and the loan amount which they had given has been satisfactory as well. The interest rate with them has been okay and the process in getting the loan has been good. There has not been any issues faced with the banking services of them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 27, 2018
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My car loan was taken with AXIS Bank 4 years back. The loan amount was 5 lakhs and the interest rate was satisfactory .The customer service and responses was good. The process was very quick and they have taken very less time for the process. The have approve the loan on time,.
      Was this review helpful? 0
      , mysore
      Reviewed on Jun 23, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got car loan from Axis bank , their rate of interest is quiet high of 14% and am not satisfied with it For documentation and approval their customer service took 10-15 days for whole thing. Making the payments through ecs and there is no charges for transaction. I have chosen tenure period of 5 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2018
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a car loan from the Axis bank. The loan was processed with in2 days. I applied for the loan at the car dealer. I pay an EMI of 12000 per month. There were processing charges . Overall it has been a quick loan experience with the Axis bank. Their interest rate was nominal when comparing to other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 11, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Axis bank and my experience was good, the loan amount was for Rs 4-5 lakhs with nominal interest rate when compared to other banks. Customer service was good and they followed up on time. The tenure period for this loan is 4 years.
      Was this review helpful? 0
      , chennai
      Reviewed on May 30, 2018
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The overall experience with them so far had been very good and they had provided with a good interest rate as well. It took nearly 4-5 days in getting the loan amount and it has been quite satisfactory with the loan amount as well. There has been no issues so far.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 30, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with AXIS bank and the loan experience was good, the loan amount was for Rs 8 lakhs with nominal interest rate when compared to other banks. My loan was approved based on the on-road price. Customer service was good and the tenure period for this loan is 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 28, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was good with Axis bank, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was good and they responded on time. The tenure period for this car loan is 5 years.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 23, 2018
    • Axis Bank Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I have taken this loan a very long time back and it has been closed now. I overall had a very good experience banking with them. There was nothing special in the fees and charges and the rate of interest, it was as per the market rates and it was normal. Even i was satisfied with the loan amount and the premium amount which they had provided me.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 13, 2018
    • Axis Bank Car Loan
      "Good Service no Follow up"
      0.5 3.0/5 "Satisfactory"
      I took a Car loan from Axis bank which was almost 29 Lacs. The whole application process was good, and the agent helped me to get the loan sanctioned. Even after such a huge transaction, they never followed me up regarding any promotions and gift vouchers which is very frustrating.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 11, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was good with AXIS bank, the loan amount was based on my requirements and the rate of interest was nominal when compared to other banks. They charge 2% of the principal amount for preclosure and the tenure period of this loan is 4 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 02, 2018
    • Axis Bank Car Loan
      "Car loan from AXIS bank"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan from AXIS bank and the approved loan amount is 2.4 lakhs. The rate of interest for the loan amount is 14% and the monthly EMI is 8300 for 3 years. The customer service and response regarding the loan was really good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 25, 2018
    • Axis Bank Car Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      I got the car loan from AXIS BANK around a year ago. The customer support service is good with the AXIS BANK and they give good response to the customers. The rate of interest and the charges are average as per the market. This loan has the tenure of 5years and still 4 years left to close the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 12, 2018
    • Axis Bank Car Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      Axis Bank was also good in the process for the car loan. I have also closed the loan. I had no hassles to get it and the process was smooth and easy and the documentation was also good. The interest rate and charges was also normal. I did not have issues overall.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 11, 2018
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