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 fork 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 |
| 12.50% - 15.00% |
Rs. 3500 to Rs. 5500 |
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 within 6 months |
10% of outstanding loan amt |
9 |
Foreclosure charges after 6 months and above |
5% of outstanding loan amt |
10 |
Stamp Duty |
At Actuals |
11 |
Issuance of Credit Report |
Rs 50/ Instance |