For Loans with tenure up to 36 months
| 1 Yr MCLR | Spread over MCLR | Effective ROI | Reset | Processing Fee | Documentation Charges |
|---|
| 8.80% | 6.40%-10.20%
| 15.20%-19.00%
| No Reset | 1% of loan amount | Rs. 700 |
For Loans with tenure over 36 months
| Effective ROI | Processing Fee | Documentation Charges |
|---|
| 15.20%-19.00%
| 1% of loan amount | Rs 700 |
ROI would vary basis loan amount and vehicle model selected.
Balance Transfer and Top Up Car Loan Car Charges
At Axis Bank, we offer Balance Transfer and Top Up Car Loan at highly competitive interest rates and minimal processing charges which are completely transparent. Find out the Balance Transfer and Top Up Car Loan charges below.
| Sr. no | Type | Charges |
|---|
| 1 | Cheque/ECS/NACH Bounce / Instrument Return Charges | Rs. 339/- per instance |
| 2 | Cheque / Instrument Swap Charges | Rs. 500 per instance |
| 3 | Duplicate Statement Issuance Charges | Rs. 250/- per instance
|
| 4 | Duplicate Repayment Schedule Issuance Charges | Rs. 250/- per instance |
| 5 | Duplicate No Dues Certificate / NOC | Rs. 50/- per instance |
| 6 | Penal Interest | 2% per month |
| 7 | Loan cancellation / Re-booking | Rs. 550/- per case |
| 8 | Foreclosure/Part Payment Closure | 5% of the Principal Outstanding |
| 9 | Stamp Duty | At actuals |
| 10 | Issuance of Credit Report | Rs 50/- per instance |
| 11 | Documentation Charge | Rs 500/- |
| 12 | Registration Certification Collection Charge | Rs 200/- per instance |
| 13 | Valuation Charges | Rs 590 (inclusive of GST) |
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable) |
