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
    8.75% - 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 4234 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 23 Oct 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 customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Axis bank, i have not taken the loan because it was kept on hold for personal reason. The customer service was good and responsive, they followed up on regular intervals. I am not sure with the rate of interest but it was satisfactory.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 21, 2017
    • Axis Bank Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Axis Bank, i have not taken the loan because i postponed my plan to get the car loan. When it comes to customer service, it was good and they were responsive, they followed up on regular intervals. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 21, 2017
    • Axis Bank Car Loan
      "Needs to improve"
      0.5 3.5/5 "Pretty good"
      I have applied for the car loan from Axis Bank, i did not take the car loan because i postponed my plan to get the loan. When it comes to customer service, it was good and i need to approach them twice or thrice to get to know more information. My only suggestion is there should be negotiation in the rate of interest.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 21, 2017
    • Axis Bank Car Loan
      "SHOULD BE IMPROVED "
      0.5 2.0/5 "Expected more"
      The AXIS Bank called me within a week asking about the application . The bank executive took all the documents required for the process and then they rejected the application . The customer service was not up to the mark should be improved . The rate of interest was also high something around 10.15% . The reason they told me was , my credit score was real low so only they cancelled . I am not happy at all with the experience .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 21, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have approached AXIS bank for my car loan. The rate of interest was 10.5% which is bit high than other banks. The customer service and responses was up to the mark. I have cancelled the loan plan since there is no requirement as of now so postponed it.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 21, 2017
    • Axis Bank Car Loan
      "good service"
      0.5 4.0/5 "Great!"
      I am totally confused with AXIS bank service they use to call me from different numbers ,I use to get followups from different numbers from different staffs of AXIS bank ,there is no proper response from AXIS bank for my car loan service still I would say the service of AXIS bank for my car loan service is good.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 20, 2017
    • Axis Bank Car Loan
      "Good and Customer friendly"
      0.5 5.0/5 "Blown Away!"
      I took the car loan amount of Rs.5.12 lakhs to purchase WAGON R VXI AMT, On road price of the car was around Rs. 6 lakhs but I took the loan in the ex show room price for the tenure of five years with better interest rate. Overall I am satisfied with them.
      Was this review helpful? 0
      , thane
      Reviewed on Oct 20, 2017
    • Axis Bank Car Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      Due to my personal reasons I did not proceed ahead with Axis Bank for the car loan and I also taken a second hand car. The bank was quick to respond to me and inform me the details. They also offered me a good deal on the interest rate and processing charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • Axis Bank Car Loan
      "good service"
      0.5 4.0/5 "Great!"
      The service of AXIS bank for my car loan service is good I use to get regular followups from the customer service also they use to update me regarding the loan process and even the rate of interest is fine 8.75 which is good compare to others in the market ,I will say the service of AXIS is good.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 20, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service that I received from AXIS bank for my car loan service is excellent, the interest rate they offered is also fine which is 8.9 compared to others in the market . Therefore the customer service that I received from AXIS bank for my car loan service is exemplary.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 20, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I postponed my plan of buying a car now so i have cancelled the process. Customer service was good from the AXIS bank end . They contacted me on time and delivered the proper information for the process . The rate of interest was also nominal like other banks, they quoted me 9%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 19, 2017
    • Axis Bank Car Loan
      "Unhappy with the services"
      0.5 4.0/5 "Great!"
      I received a response from Axis Bank and the services was not that satisfactory to me as the bank was not willing to give the appropriate details for the car loan. The interest rate was around 10% and it was very high. The processing charges was also high. I was not happy with the process.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 19, 2017
    • Axis Bank Car Loan
      "Response is good"
      0.5 5.0/5 "Blown Away!"
      Axis Bank contacted me on time for the car loan and the details was conveyed clearly. I did not go ahead as I postponed the plan. The services was good and the communication was also clear. The interest rate and processing fees was normal. It was around 9%.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 19, 2017
    • Axis Bank Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I postponed my plan of buying a car now for the next year so i canceled the process. Customer service was good from the AXIS bank end . they contacted me on time and delivered the proper information for the process . the rate of interest was also minimal for the other banks and the processing fee was a bit high something around rs 2.5K i liked the process over all .
      Was this review helpful? 0
      , pune
      Reviewed on Oct 17, 2017
    • Axis Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The car loan service was prompt with Axis bank. The rate of interest is low with the Axis bank when compared with others. They just took 4 days to disburse my loan amount. The customer support was prompt from Axis bank , I would say I am satisfied with the axis bank car loan services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have approached AXIS bank for my car loan since my salary account is here. The customer service and responses was excellent. I have not faced any trouble with AXIS bank's service till date. The rate of interest was 8.6% which was average for 5-7 lakhs loan amount but I have cancelled my application because the plan was postponed. My overall experience was excellent here.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • Axis Bank Car Loan
      "It is the best"
      0.5 5.0/5 "Blown Away!"
      Much appreciable, as AXIS bank did not charge any processing fee for the car loan . They had given a waiver on the interest rate . They came to my office took all my documents and again for agreement signing. I can repay the amount when ever I want I guess there is no charge for the same.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 17, 2017
    • Axis Bank Car Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Axis Bank and the bank is excellent in the process. They are very good in interacting with the customer and they were decent as well while I foreclosed my loan. I am not concerned about the interest rate and charges as long as I get the best of services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • Axis Bank Car Loan
      "satisfactory"
      0.5 4.0/5 "Great!"
      I have applied for my car loan with AXIS bank.The customer service and responsiveness satisfactory . The rate of interest was between 8-9% which was average in the market. I have dropped the plan now and postponed to next year so cancelled my application here. My overall experience was satisfactory ,.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 17, 2017
    • Axis Bank Car Loan
      "average"
      0.5 3.0/5 "Satisfactory"
      I have applied for my car loan with AXIS bank. I have not received any calls from the bank end so I did not proceed with the loan process . I have no idea about the rate of interest also. The customer service and responses was also not satisfactory . My overall was average and Its recommendable If they to Improve the customer service.
      Was this review helpful? 0
      , noida
      Reviewed on Oct 17, 2017
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