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
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    AXIS Bank Used Car Loan is Rated as "Great!" by 4469 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

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    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
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    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 25 May 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

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    AXIS Bank Used Car Loan Reviews

    • 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? 1
      , chennai
      Reviewed on May 22, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I had taken my Car loan from AXIS Bank a long time back and the experience has been okay. The process had not taken much time but the interest rate with them had been quite high when compared with the market rate. Their customer support team was pretty much helpful and they had always been responsive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 14, 2019
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken Tractor loan from long time, the loan amount was sufficient, the rate of interest they have charged me was nominal, they have charged me up to 15.5% even their processing fee they have charged me minimal, the loan came on time, so far i did not face any issue in getting loan, still this loan is running.
      Was this review helpful? 1
      , chennai
      Reviewed on May 14, 2019
    • 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 as per the car price and their rate of interest they have charged me was nominal for me and their processing fee they have charged me nominal only. They gave loan on time, so far i did not face any issue, still this loan is running.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 13, 2019
    • Axis Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan with the AXIS BANK where the documentation process was simple and easy to get the card added on that i got the loan on time without any issues. I got the loan on time also the rate of interest was nominal and convenient to get the loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 10, 2019
    • Axis Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Axis bank for while,they have given me sufficient loan , i got loan within 2 hours their process is too instant and good and the rate of interest they charged in this loan was nominal and their service was good.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 05, 2019
    • Axis Bank Car Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I took one four wheeler loan from AXIS bank last seven month bank , I have mahindra bolero , 2018 model , and my loan amount is 8L , and tenure is 3 years , rate of interest is high 9.35, and EMI amount is 25k, processing fee is also high I paid 7500k, their customer service is not good , I am not satisfied with this loan ,
      Was this review helpful? 0
      , mumbai
      Reviewed on May 03, 2019
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Car loan from AXIS BANK a while back and the experience i had with them has been good. The process did not took much time and the loan amount was good as well. The interest rate with them had been nominal and the charges which they had made also had not been high. Their customer care services has also been good where they had made some follow ups.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 03, 2019
    • Axis Bank Car Loan
      "Best"
      0.5 4.0/5 "Great!"
      I have taken a Car loan in Axis Bank and I had preclosed the loan before 3 months. The charges are reasonable. I made down payment of 20% and remaining has been provided by the bank on a very right time. The customer service is excellent. The documentation process was very very simple.
      Was this review helpful? 0
      , nasik
      Reviewed on May 02, 2019
    • Axis Bank Car Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I had taken my Car loan from AXIS BANK two months back and the experience i had with them was good. The interest rate has been nominal and the charges which they had made has also not been high. Their customer support team had been helpful and they where responsive.
      Was this review helpful? 0
      , delhi
      Reviewed on Apr 30, 2019
    • Axis Bank Car Loan
      " Satisfactory Experience"
      0.5 5.0/5 "Blown Away!"
      My car loan is running with Axis bank they gave me good interest, I took the loan before four years to purchase the Honda grand I 10. I took the loan amount of Rs. 6.5 lakhs for the duration of five years, I am very satisfied with the bank process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 23, 2019
    • Axis Bank Car Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have taken one four wheeler , muruti suzaki zxi 2018 model , my loan amount is approx 6L and rate of interest is 9.44% little high , and tenure is 5 years , EMI amount is 12K approx last one years above I took this loan , and their allover service is good , I am satisfied with this loan ,
      Was this review helpful? 1
      , noida
      Reviewed on Apr 23, 2019
    • Axis Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      When applied for the Car Loan the rate of interest and the processing fee was high .The loan got sanctioned on time ,it was sufficient .I have applied for 3lakhs for the tenure of 3years .The Car model was Maruti Swift .I have closed the loan and applied the loan through the agent .The agent gave all the required details of the loan clearly .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I was holding Axis bank car loan previously, the loan amount was sufficient they have given me loan on based on the vehicle price, the rate of interest they have charged me up to 8.75% which was nominal, they had charged me low processing fee , now i have closed this loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 19, 2019
    • Axis Bank Car Loan
      "Processing has done on time"
      0.5 4.0/5 "Great!"
      Axis bank processed my car loan within 10 days of time . They taken my quotation and considered all the parameters before sanctioning the car loan . Even they given me correct interest rate and processing fees . Because of them , I taken a new Maruti WagonR .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2019
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with the Car loan from AXIS BANK has been good & the loan amount has been sufficient. The process had went well & the loan amount was disbursed on time. The interest rate was nominal & there was no hidden charges made by them.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Apr 09, 2019
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with the Car loan from AXIS BANK has been good & the loan amount has been sufficient. The process had went well & the loan amount was disbursed on time. The interest rate was nominal & there was no hidden charges made by them.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Apr 09, 2019
    • Axis Bank Car Loan
      "Wonderful Experience"
      0.5 5.0/5 "Blown Away!"
      I had taken a Car loan from AXIS BANK a while back and the process in getting the loan was pretty much good. The loan amount has been sufficient & the interest rate with them had been good as well. It was overall a wonderful experience where there hasn't been any difficulty in closing this loan.
      Was this review helpful? 1
      , raebareli
      Reviewed on Apr 08, 2019
    • Axis Bank Car Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan loan amount was Rs. 300000 .The rate of interest is fine. Pre Closure charges is there i am sure.I received the loan amount within a week.Documents is good executive collected.I purchased TATA CAR.Customer service is good.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Apr 03, 2019
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan in Axis Bank before 2 years and the interest rate is reasonable. The loan process was good and smooth. I have purchased a Renault Kiwid car and made some down payment of 1.20L rest 3L has been provided by the bank. The customer service is good.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Apr 01, 2019
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