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Axis Bank Car Loan in Purnea, Bihar

New Car Loan from Axis Bank offers car loans from Rs. On-road funding up to 100% along with a host of benefits including attractive interest rates, flexible tenors etc.Apply for Axis Bank New Car Loan through Avyud Finance and make your dream of buying a car a reality.





EMI Calculator

₹ 

500000

36

 months

10

 %

Monthly EMI

₹ 

₹ 32,124.56

Total Interest

₹ 

10,622.78

Principal Amount

₹ 

500000

Payable Amount

₹ 

160,622.78

Created with Highcharts 4.1.3 EMI Calculator Loan : 93.4 % Interest : 6.6 %
Pay
No.		 Begining Balance EMI Principal Interest Ending Balance
1 150000.00 32124.56 28637.06 3487.50 121362.94
2 121362.94 32124.56 29302.87 2821.69 92060.07
3 92060.07 32124.56 29984.16 2140.40 62075.91
4 62075.91 32124.56 30681.30 1443.26 31394.61
5 31394.61 32124.56 31394.64 729.92 -0.03

Axis Bank Car Loan Important Information

  • Up to 100% on-road funding

  • Minimum Loan Amount Rs 1,00,000/-

  • Special Benefits for priority banking and others

  • Avail funding from Rs. 1,00,000 upto 100% on-road funding for Up to 7 years*.

  • 50 bps lower rate of interest on car loan for Electric Vehicles

  • Easily calculate Car Loan value

  • Pre-qualified customers can avail Instant sanction for their Car Loan.

  • Avail upto 100% on-road price funding on select models.

  • Up to 7 years of tenure on select schemes.


Eligibility Criteria for Axis Bank Car Loan

Make your dream of buying your own car a reality with Axis Bank New Car Loan. Find out about the new car loan eligibility criteria and documents required while applying for a new car loan below.


For salaried persons

  • Minimum 21 years of age

  • Maximum 60 years of age on maturity (conditions apply)

  • Minimum Net Annual Salary Rs. 2,40,000 per year for all accepted car models

  • Latest Pay Slip and Form 16. Income eligibility on the basis of

  • Minimum 1 year continuous employment


    • For Self Employed Individuals

  • Minimum 18 years of age

  • Maximum 65 years of age on loan maturity

  • Minimum net annual business income of Rs. 1,80,000 per annum for selected models and Rs. 2,00,000 per annum for another

  • Income eligibility based on latest income tax return

  • Minimum 3 years employment in the same line of business/li>




Documents Required for Axis Bank Car Loan

  • Application form

  • Passport Size photograph of each applicant

  • KYC Documents

  • Income Proof: Latest 2 Salary Slips & Latest Form 16

  • Bank Statement: Latest 3 months Bank Statement

  • Age Proof: PAN / Driving Licence/ Passport/ Birth Certificate





Fees & Charges for Axis Bank Car Loan

  • Cheque/ECS/NACH Bounce / Instrument Return Charges: Rs. 339 per instance

  • Cheque / Instrument Swap Charges: Rs. 500 per instance

  • Duplicate Statement Issuance Charges: Rs. 250 per instance

  • Duplicate Repayment Schedule Issuance Charges: Rs. 250 per instance

  • Duplicate No Dues Certificate / NOC: Rs. 50 per instance

  • Penal Interest: 2% per month

  • Loan Cancellation / Re-booking: Rs. 550/- per case

  • Stamp Duty: At actuals

  • Issuance of Credit Report: Rs. 50/- per instance

  • Documentation Charge: Rs 500/-

  • Registration Certification Collection Charge: Rs 200/ per instance





FAQ for Axis Bank Car Loan

    What is the minimum amount of Car Loan that I can get?

    At Axis Bank, we offer Car Loans from Rs. 1 lakh onwards. Some of the factors we consider when deciding on a loan amount are:

    • Your requirement and eligibility
    • Your income
    • Your repayment capacity
    • For more features of Axis Bank Car Loans and details regarding eligibility

    What is the tenure for which I can avail an Car Loan?

    We offer you a flexible tenure ranging from 12 to 84 months*. For more features of Axis Bank Car Loans

    What type or make of vehicles does Axis Bank finance?

    Axis Bank offers Car Loan for most passenger cars, multi-utility vehicles and sports-utility vehicles that are available in India.

    What process does the Bank follow after I apply for an Car Loan?

    Once we receive a completed application form along with necessary documents like income proof, identity proof, invoice, and so on, the following steps take place:

    • Processing/approval of application
    • Documentation
    • Sanctioning of the loan
    • Disbursement of loan