Car Loan Interest Rates

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Car Loan Interest Rate India - Axis Bank

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One of the prime considerations while seeking car finance is the Car Loan interest rate. This is not surprising because the interest rate is one of the factors that determine how much EMI you will work out.

Axis Bank offers some of the most attractive Car Loan rates in India, besides the benefits of simple processes, flexible tenures, and unmatched customer service. Our low Car Loan rates allow you to bring down your monthly outgo. Even as Car Loan finance rates fluctuate based on external market conditions, Axis Bank ensures that your auto loan interest rates are competitive and reasonable.

Car Loan Interest Rate

The Axis Bank interest rates are among the most attractive Car Loan rates in India today. Our auto loan rates ensure that you have to pay less every month.

Rates of Interest Processing Fee* Documentation Charges*
11.50% - 12.50% Rs. 3500 to Rs. 5500 Rs.300/-

* Inclusive of Service Tax

Car Loan Other Charges

We offer our Car Loans at attractive interest rates. In addition, our processing charges are transparent and kept to a minimum so that you pay less upfront. Here's what you have to pay:

Sr. No Type Charges
1 Cheque Bounce / Instrument Return Charges Rs 500/ Instance
2 Cheque / Instrument Swap Charges Rs 500/ Instance
3 Duplicate Statement issuance charges Rs 500/ Instance
4 Duplicate Repayment Schedule issuance charges Rs 500/ Instance
5 Duplicate No Dues Certificate / NOC Rs 500/ Instance
6 Late repayment penalty 2% per month
7 Loan cancellation / Re-booking Rs 1000/ instance
8 Foreclosure Charges 5% of the Principal Outstanding plus service tax
9 Part payment charges ** 5% of the Part Payment amount plus service tax
10 Stamp Duty At Actuals
11 Issuance of Credit Report 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.

** 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.

For further details, please click here

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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

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

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good bank

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