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
    8.60% - 11.50% Fixed
    Up to ₹5,500
    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 4426 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 19 Jan 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

    AXIS Bank Used Car Loan Reviews

    • Axis Bank Car Loan
      "Good Car Loan"
      0.5 4.0/5 "Great!"
      Purchased my car loan 4 years back. I have chosen the Axis bank because the rate of interest was less when i compared with others. I have taken a loan amount of Rs. 3.50 lakhs and the tenure period for the loan is 5 years. I have been paying the EMI of Rs. 8000. I have got the loan as per they have promised time.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 07, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with AXIS bank, the process was smooth and i received my loan amount on time. Customer service was good and they responded on time. Rate of interest was nominal and tenure period for this loan is for 3 years.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 03, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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. Tenure period for this loan is 5 years.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 02, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The experience with this car loan has been quite good where the process took less time. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal. There has not been any additional charges and the processing fee has been nominal as well.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 29, 2018
    • Axis Bank Car Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The process in getting this loan almost took more than 15 days and i am not happy with their service and the whole process itself has been having a lot of hassle. The interest rate with them has been pretty high when compared with the market rate. It would have been good if they had provided a much better service.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 22, 2018
    • Axis Bank Car Loan
      "Good in Need"
      0.5 5.0/5 "Blown Away!"
      I was looking for a Car loan and i went applying with Axis Bank. As i hold a salary account with Axis , it was easy for me to apply. There was no delay and my application was processed instant. When it comes to the interest rates , its reasonable. I am thankful to the services of Axis Bank.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 20, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Axis bank, they have given me sufficient loan amount and there rate of interest they have charged me ,it is nominal and there processing fee they have charged me nominal only, and there service is good, they have given me loan amount on time, there is no hidden charges .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 17, 2018
    • Axis Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the car loan with the AXIS BANK where the rate of interest is nominal also the loan amount is good added on that i am using it from past one year. The customer service is helpful by getting the car loan with this bank. I am satisfied with the services of this bank.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 11, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The Car loan experience with them has been really quick and the process has been simple as i was having my salary account with them. The loan amount was sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 6
      , chennai
      Reviewed on Dec 10, 2018
    • Axis Bank Car Loan
      "Its excellent service"
      0.5 5.0/5 "Blown Away!"
      Axis bank gave me the best interest rate, My showroom dealer linked with many banks but I approached Axis bank directly because my company got tie up with Axis , Kotak. Therefore Axis bank gave me best corporate interest on the car loan product.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 05, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with AXIS bank for car loan was good, the rate of interest was nominal when compared to other banks. Customer service was good and they followed up on time. The loan amount was sufficient and tenure period for this loan is 5 years.
      Was this review helpful? 1
      , lucknow
      Reviewed on Dec 01, 2018
    • Axis Bank Car Loan
      "Need to reduce ROI"
      0.5 5.0/5 "Blown Away!"
      My experience was good with AXIS bank for car loan, the loan amount was based on my requirement and the rate of interest of 14% was high when compared to others. Customer service was good with AXIS bank and the tenure period for this loan is 2 years.
      Was this review helpful? 6
      , bangalore
      Reviewed on Nov 30, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had been taken this loan almost four to five months and the services which they had been providing so far had been good. The loan amount whcih they had provided has been sufficient and the interest rate with them has been nominal. There has not been any hidden charges made by them so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2018
    • Axis Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was a good experience i had with the services of them. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal. There has also not been any preclosure charges with them and any other charges as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with AXIS bank for car loan, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good with AXIS bank and the tenure period for this loan is 5 years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 16, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Axis bank, i have taken celerio car they have given me sufficient loan amount and there rate of interest they have charged me 12% it is nominal for me and there processing fee they have charged me nominal only.
      Was this review helpful? 1
      , faridabad
      Reviewed on Nov 14, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my car loan with Axis bank , the call amount they have given me sufficient and i have take my Nissan Renault car from this loan and there rate of interest they have charge me was nominal and the processing fee which they have given me is nominal, and the tenure period they have given me is up to 3 years.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Nov 14, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was good with AXIS bank, the process was smooth and i received my loan amount on time. The loan amount was for Rs 10 lacs with nominal interest rate in the market. Customer service was good with this bank and the tenure period is 7 years.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Oct 22, 2018
    • Axis Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan from the Axis bank for 3 lacs. I've closed the loan and the interest rate was nominal during the application. The application was smooth and hassle free. They processed the application and disbursed the loan amount with in no time.
      Was this review helpful? 1
      , thane
      Reviewed on Sep 26, 2018
    • Axis Bank Car Loan
      "Process is nice"
      0.5 4.5/5 "Excellent!"
      Axis Bank has also given me the benefit of a car loan. The rate of interest is around 8% and the process to get the loan was easy. I had no difficulty in document submission. The customer services and response is good and they communicated to me on time.
      Was this review helpful? 4
      , vadodara
      Reviewed on Sep 18, 2018
    Common Loader Icon

    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.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.