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  • AXIS Bank Used Car Loan

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  • We found 1 AXIS Bank Used Car Loan
    Bank Name
    Interest Rate Range/Lease rental range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.05% - 11.30% Fixed
    ₹3,500 - ₹5,500
    1L Min
    Up to 8 years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    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 21 Oct 2019

    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

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    AXIS Bank Used Car Loan Reviews

    • Axis Bank Car Loan
      "They should decrease the charges"
      0.5 4.0/5 "Great!"
      I have selected the car loan from Axis bank since i got the offer. I bought the loan amount of Rs. 2.40 lakhs and the processing fee was a nominal one because its only Rs. 5000. There is no down payment because they cut the one month down payment. The process was smooth when i get the loan.
      Was this review helpful? 4
      , bangalore
      Reviewed on Oct 17, 2019
    • Axis Bank
      Axis Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have a car loan with Axis Bank, it was processed by the dealer. The moment, I give the documents they have finished all the process within couple of days and there was no hassle. The interest rate is competitive at that point of time. The loan duration is 5years.
      Was this review helpful? 4
      , chennai
      Reviewed on Oct 17, 2019
    • Axis Bank Car Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have applied for Axis Bank car loan directly through Online .The car model is 2013 it was Maruti Alto 800.I have availed for the loan amount of 2.35 lakhs for the tenure of 5year,The rate of interest was 10.375% it was really nominal and the loan amount on time . I am really satisfied with the service so far .
      Was this review helpful? 5
      , bangalore
      Reviewed on Oct 16, 2019
    • Axis Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a car loan with AXIS bank on 2 months before which I got a chance through showroom to apply for a loan. For the amount of 4 lakhs for the tenure period of 5 years. The rate of interest high 11%. They have sanctioned a loan by 10 days. There was processing fee detected for 6 thousands. The car name is Hyundai Centro.
      Was this review helpful? 4
      , saharsa
      Reviewed on Oct 14, 2019
    • Axis Bank Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I made down payment directly to the showroom and the balance amount was borrowed with Axis Bank to purchase the car. The customer service is very good. The rate of interest is lowest among all the banks when I took the loan. Its been 5 to 6 years ago and the experience was very smooth.
      Was this review helpful? 1
      , kanpur
      Reviewed on Oct 12, 2019
    • Axis Bank Car Loan
      "Smooth experience for the car loan"
      0.5 5.0/5 "Blown Away!"
      For purchasing Waganor I have availed car loan from AXIS, I took the loan amount of Rs. 4 lakhs for the loan period of five years. Still my loan is active I used to pay Rs.20,000 per per month as an emi, I think the rate of interest is economic. The process was smooth through the dealer and they disbursed the amount directly to the show room person.
      Was this review helpful? 7
      , patna
      Reviewed on Sep 20, 2019
    • Axis Bank Car Loan
      "Recommendable Loan product"
      0.5 5.0/5 "Blown Away!"
      I took car loan from Axis bank, I got the loan in two visit. The functioning was very smooth, I took the loan amount of Rs.5.5 lakhs for the duration of five years, the interest rate was 8.5% for the duration of five years per annum. The documentation was very easy.
      Was this review helpful? 5
      , noida
      Reviewed on Aug 30, 2019
    • Axis Bank Car Loan
      "Need to drecase charges for preclosure option"
      0.5 5.0/5 "Blown Away!"
      By a showroom I have taken a car loan from AXIS bank on 3 years before, they asked for required documents only to submit. The amount given for 8 lakhs 34 thousands but I was expecting for a 9 lakhs for the tenure period for the tenure period of 7 years. Car model is Maruthi Ciaz. There is an option for a pre closure but charges are high for up to 5%.
      Was this review helpful? 5
      , coimbatore
      Reviewed on Aug 30, 2019
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      On 5 years before I was taken a car loan in AXIS bank which was processed directly to bank. Since it was a pre approval I have not submit any documents for the verification. The amount was sufficient for the duration of 5 years. The rate of interest and processing fee are nominal. I bought a Hyundai car for this loan amount.
      Was this review helpful? 5
      , new delhi
      Reviewed on Aug 03, 2019
    • Axis Bank Car Loan
      "Quick process"
      0.5 5.0/5 "Blown Away!"
      Taken my car loan from Axis bank. Its easy to get a four wheeler loan from Axis bank. Within 3 days i got an approval as well as sanctioned the loan and it was a quick approval. The interest rate is almost 9% which is okay for me and its a competitive rates. I have made the down payment of Rs. 3 lakhs and they have dispatched the ex-showroom price.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 26, 2019
    • Axis Bank Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan in AXIS bank more than a year which was processed directly to bank. The amount was sufficient for the tenure period o 5 years. At an initial verification process was good and loan got sanctioned on time. The rate of interest and fee are nominal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 25, 2019
    • Axis Bank Car Loan
      "Process is easy"
      0.5 5.0/5 "Blown Away!"
      I have a car loan with Axis Bank. The process to get the loan was easy. I got the loan amount sanctioned as needed. The rate of interest and processing fee is normal. The after loan service is also good. In all I had no hassles to use the services of the bank.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 05, 2019
    • Axis Bank Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan in AXIS bank before 4 years ago. This loan was applied through showroom. The process was smooth and loan got sanctioned on time. The loan amount was sufficient for the tenure of 5 years. The rate of interest and the processing fee are nominal.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 28, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken my car loan with AXIS BANK . If i miss my one EMI also here they charge outstanding amount of 2% per day which is very high . The rate of interest is nominal here but late payment fee is very high . The customer service response is good and the loan amount is fine .
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 24, 2019
    • Axis Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The car loan experience is good which has been taken with AXIS BANK. Using from last 4yrs, loan amount was good pre approved. I have done with the documentation process and paid the payment, processing fee was there but refunded. Duration for repaying for 5 years. The customer support is good.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jun 23, 2019
    • Axis Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using the car loan since from last 10 months. The documentation process was easy and quick to get the loan. The loan amount was 10K and paid the down payment which was 1.6L, the rate of interest 9.6% approximately which is nominal. The duration is for repaying for 5 years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 23, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I took a Car loan from the AXIS BANK . The loan application process is very fast with in few days the loan amount was credited to the account. Overall th whole process was quick and hassle free. The tenure period is sufficient and loan amount is satisfactory .
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 12, 2019
    • Axis Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have taken the car loan with the AXIS BANK where the documentation process was simple and easy to get the loan also the loan amount given with this bank was good also i am using it since from last 5-6 years. The rate of interest given with this loan was nominal also the customer support is good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 31, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for Car loan directly with Bank 4.6lakhs for the tenure of 5 years ,The model is 2013 ,car name is Maruti Suzuki swift I have got the loan amount on time The ,rate of interest and processing fee was not sure since taken long back and closed the loan and it was 12% interest rate .
      Was this review helpful? 1
      , bangalore
      Reviewed on May 29, 2019
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Car loan from Axis Bank recently and the experience has been really good. The process in getting the loan did not took much time and they offered me with a good interest rate, They did not made any sort of extra charges and i am satisfied.
      Was this review helpful? 2
      , chennai
      Reviewed on May 22, 2019
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