With Axis Bank’s New Car Loan facility, owning your dream car is easier than you would have imagined! Axis Bank’s New Car Loan facility offers car loans from Rs. 1 Lakh up to 100%
on-road price. With the New Car Loan, you can enjoy a host of benefits such as attractive car loan interest rates, affordable car loan charges and up to 100% loan on selected models. Find out more about the New Car Loan interest rates below.Check
Car Loan EMI with Axis Bank Car Loan EMI Calculator.
Interest Rates and Charges
For New Car Loans with tenure up to 36 months
| 1 Yr MCLR | Spread over MCLR | Effective ROI Range | Reset | Processing Fee | Documentation Charges |
|---|
| 9.15% | 0.0%-4.65% | 9.15%-13.80% | No Reset | Rs. 3500 - Rs. 12000 | Rs. 700 |
For New Car Loans with tenure over 36 months
| Effective ROI Range | Processing Fee | Documentation Charges |
|---|
| 9.15%-13.80% | Rs. 3500 - Rs. 12000 | Rs. 700 |
New Car Loan Charges
Axis Bank’s New Car Loan offers a loan amount up to 100% of the on-road price of the car. The charges associated with the New Car Loan are completely transparent and kept to a minimum, which means you have to pay less upfront. Find out about the
new 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 | Penal Interest | 2% per month |
| 6 | Loan Cancellation / Re-booking | Rs. 550/- per case |
| 7 | Foreclosure/Part Payment Closure | 5% of the Principal Outstanding |
| 8 | Stamp Duty | At actuals |
| 9 | Issuance of Credit Report | Rs. 50/- per instance |
| 10 | Documentation Charge | Rs 700/- |
| 11 | Registration Certification Collection Charge | Rs 250/ per instance |
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
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