Axis Bank will help you to get your dream car. It’s Axis bank then why you are worry about Car Price Tag. They will help you to get even some of the world’s finest cars which are now available in India. So, you don't have to put the brakes on your ambition.

Advantages with Axis Bank

• Loan value calculated as per the on-road-price of the vehicle
• Attractive interest rates
• You can get loan  up to 85% of the on-road-price on selected models
• Loans available for salaried and self employed individuals, proprietorships and partnership firms
• Special schemes for Axis Bank Salary and Priority accountholders
• No income proof schemes available
• Loans offered from Rs. 1 lac onwards
• Loans tenure from 1 year to 7 years.

Eligibility

Salaried Individuals:

• Minimum age of applicant should be 21 years
• Maximum age of applicant at loan maturity: 58 years
• Income: Minimum income of Rs. 1 Lac p.a. for selected models and Rs. 2 Lac p.a. for others
• Income eligibility: As per latest salary slip or Form 16
• Employment: Minimum 2 yrs cumulative experience.

Self-employed Individuals:

• Minimum age of applicant should be 21 years
• Maximum age of applicant at loan maturity: 65 years
• Income: Minimum income of Rs. 1 Lac p.a. to Rs 2 Lac p.a. as per the category of the car being financed
• Income eligibility - As per latest ITR and computation of income
• Employment: Minimum 3 yrs cumulative experience in business

Documentations

Pre-approval Documents:

• Age proof
• ID proof
• Application form
• Your latest Photographs
• Residence proof
• Income proof
• Bank statement
• Signature verification proof
• Proforma invoice

Post Sanction / Pre Disbursement Documentation:

• Loan Agreement duly signed along with RTO set
• Post Dated Cheques (PDCs) / ECS form / Standing Instruction (SI) request
• Margin money receipt

Loan Amount:

You can get up to 85% of the on-road-price. Minimum loan amount is Rs. 1 lac.

Repayment

The loan amount together with interest is to be repaid maximum in 84 Equated Monthly Installments (EMIs).