Axis Bank Car Loan

Axis Bank is the third largest private sector bank in India. Axis Bank Car loans are tailored to make buying a car, easier and affordable. Axis Bank provides flexible, transparent car loans at a fast pace. Additional benefits are available for Priority Banking, Wealth Banking and Privee banking customers of Axis Bank.

Documentation needed to apply for an Axis Bank Car Loan

1. Signed application form with a photograph
2. Photo ID & age proof
3. Proof of Residence
4. Last 6 months bank statement
5. For salaried:
  • Last 3 months salary – slips
  • Form 16 or Income Tax Returns
6. For self-employed:
  • Last 3 years Income Tax Returns with Income computation
  • Last 3 years Audited Balance Sheet and P&L Account

Features of Axis Bank Car Loan

  • The Loan sanction amount is calculated based on the ex-showroom price of the vehicle.
  • Axis Bank Car loans rates are competitive.
  • On select models, Axis Banks offers a Loan-To-Value of upto 95% of the ex-showroom price.
  • Axis Bank car loans are available for salaried and self-employed individuals, Proprietorships, HUF, Partnership firms, Limited Liability Partnership Firms, Trusts, Societies and Companies, etc.
  • Minimum Loan amount is Rs. 1 Lakh
  • Axis car loans have a option of choosing the tenure between 1 to 7 years
  • Priority Banking, Wealth Banking customers get special privileges.
  • Salary account holders with Axis Bank are eligible to avail special schemes for car loans.