Car Loan Eligibility Criteria

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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: 70 years (Conditions apply)
  • Income: Minimum Net Annual Salary of Rs. 2.4 Lac p.a. 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. 1.8 Lac p.a. for selected models and Rs. 2.0 Lac p.a. for others
  • Income eligibility - As per latest ITR
  • Employment: Minimum 3 yrs in same line of business.

Self-employed Non Individuals

  • Income: Minimum Net Annual Business income of Rs. 1.8 Lac p.a. for selected models and Rs. 2.0 Lac p.a. 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.

*All of the above is subject to terms and conditions.

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. 1 Lakh for last 2 completed quarters. 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.

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. 2.40 Lac p.a.
  • Income eligibility: As per latest salary slip and Form 16
  • Employment: Minimum 1 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.

What's the buzz!

Car Loan

Car Loan

Abdul Muttalib said

Better Customer Service, Better n Easy process, well trained staff and quick approval. Over all grea...

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Car Loan

Car Loan

ASHOK KUMAR GHAI said

This the third time I am going with AXIS BANK Loan and found it time taking process they must improv...

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Car Loan

Car Loan

SANDIP CHANGDEV MHASKE said

good bank

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