Axis Bank- Vehicle Loan-Car LoanIntroduction: Axis Bank offers its valuable customers a variety of loans in India that will suit their needs. At Axis bank you are sure to find a loan product that is just meant for you. We offer loans in various denominations so that you can pursue your dreams of buying a car, a home or to send your child abroad for higher education. You can also avail our loan facilities through the internet by providing few basic details and our representative will promptly respond to your query for getting a loan. No matter what be your need, our liberal criteria for loan application processing will see to it that your application is processed in minimum time and in a hasslefree manner. A car loan is an amount of money taken from a lending provider to purchase a new or used car. The individuals agree to repay the total amount of the loan along with the lending interest rate amount to the lender (often banks) as and when required. Individuals can choose a car from a list of models and manufacturers in India according to their annual income and budget. Presently, a common man can fulfill his dreams of purchasing a car by getting an auto loan. According to your requirements and financial situations, you can get auto loans from a variety of auto financing services such as Mahindra Finance, Tata Finance, Bajaj Finance and State Bank of India loans. For example, if you are thinking about financing options with Bajaj Finance, you must first give your information regarding the type of loan to the company. The Bajaj Finance associates will then get in touch with you to assist with the If you are one that has the desire to have a car.com. Types of Car Loan There are several different types of auto loans so that every individual will find at least one auto loan that is able to meet their requirements. Tata and Mahindra.com to get free car loan quotes. These days. As the financial market fluctuates in India. Because of this situation. there may be an increase in the lending interest rate for new car loans. Many individuals have the cash in hand and they prefer to purchase a new car on the spot. There are many banks which provide new car loans with low car loan rates in India. You may also want to apply for car insurance through our site. be careful when it comes to getting an auto loan and plan according to your financial . Most people will contact banks for information about their auto loans and look to proceed from there. we provide you with this information along with the lowest lending interest rate from various auto loans providers such as Bajaj Finance. almost everyone has the desire to buy a car which best suits them according to their requirements. then simply fill out our form on BankandFinance. As citizens of India are getting higher pay packages. At BankandFinance. This however does not apply to the majority of those falling under this category. many salaried and self-employed individuals are looking to get their dream car.loan eligibility amount and the different offers and schmes available with their bank. New Car Loan A new car loan is taken out to purchase new vehicles generally from dealerships. In most cases the owner of a car will apply for auto insurance for the used car and the cost of insurance will be lower. Sometimes people can’t afford to buy a new car and in such cases. At BankandFinance. going for a used car is the best option. Before going for a car loan. The depreciation of used cars is always less than that of a new car. To get used auto loans. Get car loan quotes instantly by filling in your personal details in our form.com you will learn more about personal loans. banks usually charge a high lending interest rate. It’s always good to check with banks about the lending interest rate because buying a used car in India will definitely be cheaper than purchasing a new car. check the various offers and schemes from Bajaj Finance and other providers. HDFC. SBI and Bajaj Finance. Use our loans calculator to calculate the amount which you will need to pay every month. AXIS.situations and position. home loans and two wheeler loans and the you are guaranteed to leave more enriched. There are a number of lending institutions which provide used car loans in India. Used Car Loans Used auto loans are taken by the borrower to purchase a used car from either a second hand car dealer or an individual seller. The amount of money that you can afford per month should also be taken into consideration in order to take the right decision for auto loans from top banks and lenders such as ICICI. Features & Benefits:- . Trusts. At Axis Bank. transparent. Wealth Banking and Privee banking customers. and cost-effective. Axis Bank's Auto Loans are just what you need to bridge the gap. But we also realize that the price tag of your dream car may be just outside your immediate grasp.Axis Bank offers uniquely tailored Car Loan products that take the pain and hassle out of buying a car. proprietorships. To know more. Car Loan value calculated on ex-showroom price of the vehicle Attractive interest rates on Car Loans LTV up to 95% of the ex-showroom price on select models Auto loans available for salaried and self-employed individuals. we realize that owning a car has increasingly become a necessity. our Car Loans put the joy back into owning a car. Societies and Companies Banking surrogate schemes available Loans offered from Rs. Flexible. quick. Partnership firms. 1 Lakh onward Car Loans tenure from 1 year to 7 years Calculate your monthly outgo with our Car Loan EMI Calculator Special benefit available for Priority Banking. contact your Relationship Manager today! . HUF. Limited Liability Partnership Firms. a.8 Lac p. for selected models and Rs. for all approved car models Income eligibility: As per latest salary slip and Form 16 Employment: Minimum 1 year of continuous employment Self-employed Individuals Minimum age of applicant : 18 years Maximum age of applicant at loan maturity : 75 years Income: Minimum Net Annual Business income of Rs. 2. Salaried Individuals Minimum age of applicant: 21 years Maximum age of applicant at loan maturity: 70 years (Conditions apply) Income: Minimum Net Annual Salary of Rs. Special Surrogate Scheme available for Club 50 and Channel One Current Account customers Special Scheme for Axis Bank Salary A/C customers Eligibility :Axis Bank offers Car Loans at attractive interest rates to both salaried and selfemployed individuals who meet our age and income eligibility criteria.0 Lac p.4 Lac p.a. 1.a. 2. for others . Income eligibility . 2. Scheme for Priority/Wealth/Privee Customers Eligibility: All Priority/Wealth/Privee customers with a vintage of 6 months And A minimum Average Quarterly Balance as below: An AQB of Rs. AQB requirement to be meeting for both the quarters Maximum loan amount restricted to 3 times the AQB in the last 2 quarters Scheme for Salary Customers All customers having their Salary A/c with Axis Bank since the past 3 months and working with the following organisation are eligible for this product. *All of the above is subject to terms and conditions.As per latest ITR Employment: Minimum 3 yrs in same line of business. 1 Lakh for last 2 completed quarters. for others Income eligibility: As per latest 2 year ITRs and audited financial of 2 years along with computation of income Employment: Minimum 3 yrs in same line of business. .a.a.8 Lac p. Self-employed Non Individuals Income: Minimum Net Annual Business income of Rs. 1. for selected models and Rs.0 Lac p. Eligibility Public Limited & Private Limited Companies MNCs Permanent employees of State / Central Government Permanent employees of Public Sector Undertakings Permanent employees of reputed schools / colleges Parameters Minimum age of applicant: 21 years Maximum age of applicant at loan maturity: 70 years Income: Minimum Net Annual Salary of Rs. Income eligibility: As per latest salary slip and Form 16 Employment: Minimum 1 yrs of continuous employment Documentation:List of Car Loan documents required Age proof . 2.40 Lac p.a. Post Sanction / Pre Disbursement Documentation Loan Agreement duly signed along with RTO set Standing Instruction (SI) Request / ECS Form / Post Date Cheques (PDCs). ID proof Application form Photograph Residence proof Income proof Bank statement Signature verification proof Pro-forma Invoice or Rate List Documentation for salaried applicants: Last 3 months salary-slip Form 16 or Incomne tax return Documentation foe self employed applicant Last 3 years Income Tax Returns with computation of Income Last 3 years CA Certified/Audited Balance Sheet and Profit & Loss Account. Security Cheques required for SI and ECS . 5500 Documentation Charges* Rs. Even as Car Loan finance rates fluctuate based on external market conditions. besides the benefits of simple processes.12.50% . Axis Bank offers some of the most attractive Car Loan rates in India.50% Processing Fee* Rs. Our low Car Loan rates allow you to bring down your monthly outgo. Our auto loan rates ensure that you have to pay less every month. Rates of Interest 11. flexible tenures. Car Loan Interest Rate The Axis Bank interest rates are among the most attractive Car Loan rates in India today. 3500 to Rs. Axis Bank ensures that your auto loan interest rates are competitive and reasonable. In addition. This is not surprising because the interest rate is one of the factors that determine how much EMI you will work out. Here's what you have to pay: . Margin money receipt Interest Rates & Charges:One of the prime considerations while seeking car finance is the Car Loan interest rate. and unmatched customer service.300/- * Inclusive of Service Tax Car Loan Other Charges We offer our Car Loans at attractive interest rates. our processing charges are transparent and kept to a minimum so that you pay less upfront. The minimum amount accepted for part payment will be equal to one EMI and maximum amount will be 25% of the balance principal in one year.1 2 3 4 Type Cheque Bounce / Instrument Return Charges Cheque / Instrument Swap Charges Duplicate Statement issuance charges Duplicate Repayment Schedule 5 6 7 issuance charges Duplicate No Dues Certificate / NOC Late repayment penalty Loan cancellation / Re-booking 8 Foreclosure Charges 9 Part payment charges ** 10 Stamp Duty 11 Issuance of Credit Report Charges Rs 500/ Instance Rs 500/ Instance Rs 500/ Instance Rs 500/ Instance Rs 500/ Instance 2% per month Rs 1000/ instance 5% of the Principal Outstanding plus service tax 5% of the Part Payment amount plus service tax At Actuals Rs 50/ Instance Service Tax as applicable will be levied Part payment will be allowed twice in a loan calendar year and once in a loan calendar month. . 50% to 15.Axis Bank vehicle Loan Details Interest Rate (Monthly reducing balance) -10.00% Processing Fees -Nil Loan Tenure -1 year to 5 Years Pre Closer Charges -10% (plus services tax) of prepaid amount Within first six month. 5% . 000 per month Loan capped @95% of the ex_show room price EMIs of other loans lower your eligibility Increase your eligible Axis Bank Car Loan amount by these steps Pay of your credit card bills Choose longer Tenure loan up to 5 years.You are probably eligibility for an Axis Bank Vehicle Loan if you are Less than 75 years old. 20. Axis Bank Car Loan amount eligibility is based on these factors Minimum income required Rs. Earn more thsn the minimum income required. . Salaried or self-employed with regular income.