Axis Bank offers Car Loans at attractive interest rates to both salaried and self-employed individuals who meet our age and income eligibility criteria.
Salaried Individuals
- Minimum age of applicant: 21 years
- Maximum age of applicant at loan maturity: 60 years
- Income: Minimum Net Annual Salary of Rs. 1.5 Lac p.a. for selected models and Rs. 2.5 Lac p.a. for others.
- Income eligibility: As per latest salary slip or Form 16
- Employment: Minimum 2 yrs of continuous employment
Self-employed Individuals
- Minimum age of applicant : 21 years
- Maximum age of applicant at loan maturity : 65 years
- Income: Minimum Net Annual Business income of Rs. 1.5 Lac p.a. for selected models and Rs. 2.5 Lac p.a. for others
- Income eligibility - As per latest ITR and computation of income
- Employment : Minimum 3 yrs in same line of business.
*All of the above is subject to terms and conditions.
Scheme for Priority Customers
Eligibility All Priority customers, with a vintage of 12 months
AND
A minimum Average Quarterly Balance as below:
- For Cat A and Cat B cars the account must have an AQB of Rs. 1 Lac for last 4 completed quarters.
- For Cat C cars the account must have an AQB of Rs. 2.5 Lac for last 4 completed quarters.
- For Cat D cars the account must have an AQB of Rs. 5 Lac for last 4 completed quarters.
Maximum loan amount restricted to 3 times the AQB in the last 4 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.
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: 60 years
- Income: Minimum Net Annual Salary of Rs. 1.5 Lac p.a. for selected models and Rs. 2.5 Lac p.a. for others.
- Income eligibility: As per latest salary slip or Form 16
- Employment: Minimum 2 yrs of continuous employment
Car Loan Eligibility Calculator
Axis Bank has made it easy for customers to quickly check out their Car Loan eligibility. Our Car Loan eligibility calculator helps you to find out whether you can avail of auto finance. Click here to find out.