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
    8.75% - 11.50% Fixed
    Up to ₹5500
    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 4095 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
    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 22 Aug 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
  •  Loading your search... Loading your search...
  • AXIS Bank Used Car Loan Reviews

    • Axis Bank Car Loan
      "Its Better"
      0.5 3.5/5 "Pretty good"
      There was some confusion from AXIS Bank for the car loan interest rate, earlier they committed me 8.60% of interest. Finally they end up with 8.75% of interest, I have purchased new Maruti suzuki ciaz worth. Loan got sanctioned and approved for 100%, My loan amount is around Rs.8.86 lakhs for the tenure of seven years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 21, 2017
    • Axis Bank Car Loan
      "RATE OF INTREST IS HIGH"
      0.5 5.0/5 "Blown Away!"
      Axis bank is good in customer service. The Rate of interest is very much high, when compared with other banks It would be great , if axis doing better with rate of interest The response was very instant from the banker and only because of high rate of interest I did not proceed with them
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • Axis Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Axis bank has done well in the process of the car loan. The customer services and response from them was good after applying for my car loan unfortunately I have not taken the loan from them since I have dropped my plan. I had an idea of taking loan for an amount of 8 lakhs.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 18, 2017
    • Axis Bank Car Loan
      "AVERAGE"
      0.5 2.5/5 "Just OK"
      I had not taken the car loan with the Axis bank. Response was a fine one with the Axis bank. I would like to suggest that they need to provide the information clear the lady from the axis bank had spoken to me but she was not very informative she was not sure about the rate of interest, so I had to opt from other bank with good rate of interest.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 18, 2017
    • Axis Bank Car Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      Response was good with the Axis bank for the car loan, which I have applied, also they are very good toward the service aspects. Customer service was also good with the Axis bank .In the mean time ,I have pose pond my plan But I had and idea of taking the loan for about eight lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      My experience was good one with the Axis bank for the car loan. Rate of interest was around 9%, also customer service was good one. The response was really an immediate one for me. Axis bank have provided around 5 lakh Rupees as principal amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      It was very good process with Axis bank car loan. They were very cooperative and very helpful in concern to my car loan application. The documentation process also went smoothly. I am satisfied with the loan amount. The rate of interest is nominal too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 11, 2017
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The response was given on time with Axis bank in regards to my car loan application. The customer service helped me to process my car loan application in easy way. They have disbursed my car loan within a month time. The rate of interest is nominal with Axis bank. I am happy with the Axis bank service.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 11, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I am an Axis bank account holder, I applied the car loan through online channel, the bank executive have reached me directly and processed the car loan. AXIS offered me 9.25% of interest rate for the amount Rs.9.25 lakhs, it has tenure period of seven years
      Was this review helpful? 0
      , pune
      Reviewed on Aug 10, 2017
    • Axis Bank Car Loan
      "RESPONCE WAS LACKING"
      0.5 3.5/5 "Pretty good"
      I did not take the car loan from the Axis bank because the executive who was dealing with this regarding the car loan he was not having much idea or knowledge proper about the car loan he dint know about for closure option and so many things, and the loan amount I had idea of taking is 7.5 lakh
      Was this review helpful? 0
      , noida
      Reviewed on Aug 10, 2017
    • Axis Bank Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I did not prefer to take the car loan from Axis bank as I have posponded my plan and later in future I will take car loan via net cash, I receive calls from axis bank employee regarding my car loan application I have told them clearly that Iam not interested in loan rite now, but inspite of that they where keep on calling me an disturbing me
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • Axis Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I could not proceed ahead for the car loan with Axis Bank as they were not having pre closure options but the bank was responsive and I got the details on time. The customer services is really good. They communicated well. Also when it comes to customer service and response the bank is really good.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 08, 2017
    • Axis Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I could not proceed ahead for the car loan with Axis Bank as they were not having pre closure options but the bank was responsive and I got the details on time. The customer services was good. They communicated well. Also when it comes to customer service and response the bank is really good.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 08, 2017
    • Axis Bank Car Loan
      "Overall good and high on charges"
      0.5 5.0/5 "Blown Away!"
      It was a very convenient process and there was no delay faced for the car loan with Axis bank. The rate of interest was of 8.8% and the processing charges was high. They were not very clear in the charges. The response was on time and it was overall a good experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 08, 2017
    • Axis Bank Car Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      I have taken a car loan from Axis Bank and it was a very pleasant experience. It was on time as well and I did not find the process inconvenient. With regards to the rate of interest and processing charges. I do not want to talk about numbers as every bank charges. I am happy that the bank was transparent as they charged me as to what I was informed.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 08, 2017
    • Axis Bank Car Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      I thought of taking my car loan later therefore, I did not go ahead with Axis bank for it. The services offered by them was very good. They were calling me a couple of times. The rate of interest was very much high when compare to other banks so I have dropped the plan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 07, 2017
    • Axis Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I could not proceed ahead for the car loan with Axis Bank as I postponed my plans. The bank was responsive and I got the details on time. The reason I have dropped the plan because there rate of interest was compare to other banks I applied for 3 lakhs rupees loan
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 07, 2017
    • Axis Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I could not proceed ahead for the car loan with Axis Bank as I postponed my plans. The bank was responsive and I got the details on time.Good when it comes to service They communicated well. Also when it comes to customer service and response the bank is really good.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Aug 07, 2017
    • Axis Bank Car Loan
      "RESPONSE WAS NOT GOOD"
      0.5 1.0/5 "Really Bad"
      Axis did not show any interest in providing service for my car loan application. Actually I applied for the car loan with them but they have rejected it the reason is I have an exsisting loan running with them and its going to close in two months and the loan amount I have applied for 1 lakh rupees.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 07, 2017
    • Axis Bank Car Loan
      "It is really good"
      0.5 4.0/5 "Great!"
      Well, within the time scales the loan was approved by AXIS bank, just that the car delivery took some time which was more than 40 days. Axis Bank has actually offered me a pre approved car loan. .Rate of interest is very much reasonable it was not that much and it was in line with the market rate. However, after 3 months there was a fall in the rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.