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Car Loan EMI Calculator

Loan Amount in between 1Lakh to 1Cr
Tenure years in between 1 to 7
Interest Rate in between 5 to 25

Equated Monthly Installment (EMI) will be1,42,922

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Axis Bank Car Loans

Dreaming of owning a car? The Axis Bank Car Loan aims to ensures that you drive around the city in your own vehicle! Get a Car Loan or choose a pre-approved Car Loan to secure the most favourable interest rates. Axis Bank’s New Car Loan provides financing from ₹ 1 Lakh up to the total on-road price, along with various benefits. Using the Car Loan Calculator to determine your EMI before applying for a car loan online is advisable. By opting for an Axis Bank New Car Loan, you can turn your aspiration of buying a new car into reality.

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Car Loan FAQs

Can I receive a car loan with 100% funding?

Yes, Axis Bank’s New Car Loan facility offers loans starting from ₹1 Lakh and up to the 100% on-road price. You can get a car loan of up to 100% funding on select models, attractive Car Loan Calculator, and other benefits.

Do I require a guarantor or security when applying for a car loan?

A car Loan does not necessarily require any other security or guarantor. A car loan enables you to buy a car of your choice with the help of the arrangement of funds from Axis Bank. You thus repay this loan through regular EMIs. Your vehicle is used as collateral and will be hypothecated to Axis Bank for the loan period.

What is the required CIBIL (credit score) for a car loan?

A CIBIL credit score is based on your payment history across loans and credit cards. A CIBIL credit score 750 is considered a minimum score for a seamless and hassle-free loan approval.

The higher the score, the better since it increases your chances of getting your new or used car loan approved.

Can I prepay the full loan amount in advance? Will the bank charge me a penalty?

Prepaying car loans means paying off the loan before the end of the tenure. Axis Bank does charge a foreclosure or part payment closure penalty at 5% of the outstanding principal.

Click here to know more about our car loan interest rates and charges.

How much EMI will be payable for a car loan?

With Axis Bank’s New Car Loan, you can get up to 100% on-road vehicle funding. However, the more down payment you make, the lesser loan you will have to borrow and hence lesser EMIs.

Hence, it is prudent to use our Car Loan EMI Calculator before applying to assess how much EMI you need to pay.

What are the minimum and maximum tenures of a Car Loan?
If you apply for New Car Loan with Axis Bank, you can choose flexible tenure ranging from 1 year to 7 years on selected schemes.
What documents are required for a Car Loan?
To get a car loan, you must submit a certain set of documents to ensure the swift processing of your loan. We understand documentation can be tedious. Hence, we require general documents like application forms, proforma invoices, passport-size photographs and KYC documents.

You can check the complete list of required car loan documents here.

What eligibility criteria are required to get a car loan?
Axis Bank’s car loan eligibility criteria may vary depending on the type of car loan you apply for. Salaried/ Self-employed individuals and Self-employed non-individuals as eligible to apply for car loans. Click on the links below for more details.
What is a pre-approved auto loan?
Pre-approved auto loan or car loan is when the lender considers the borrower eligible for a loan before they apply for it. This is usually available to existing bank customers and is largely based on income, credit score, balance maintained with the bank, etc. When you get a pre-approved loan, you don’t receive the funds; instead, you learn how much funds the lender may agree to give you and at what interest rate. Avail of pre-approved car loans with Axis Bank at affordable interest rates.
Where can I avail of car loan offers?
You can apply for Axis Bank’s Car Loan through any of the following three ways:

Contact our customer service

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