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Loans

New Car Loan

Explore the most flexible, quick and cost-effective way
to own your dream car

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High LTV Ratio

Upto 95% of the ex-showroom price on select models

Loan Amount

Minimum - Rs. 1,00,000
Maximum - Upto 85% on-road funding

Special Benefits

For Priority Banking, Wealth Banking, Privee Banking customers, as well as Axis Bank Salary A/C customers

Axis eDGE Rewards

Earn reward points for completing transactions

Features and Benefits

Axis Bank New Car Loan

Axis Bank New Car Loan Interest Rates and Charges

  1. Rates of Interest Processing Fee* Documentation Charges*
    11.00% - 12.00% Rs. 3500 to Rs. 5500 Rs.300/-
    * Inclusive of GST
    Other Charges
    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 Payment Penal Interest 2% per month
    7 Loan cancellation / Re-booking Rs 1000/ instance
    8 Foreclosure Charges 5% of the Principal Outstanding plus GST
    9 Part payment charges ** 5% of the Part Payment amount plus GST
    10 Stamp Duty At Actuals
    11 Issuance of Credit Report Rs 50/ 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).
    ** 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 more details, please Click here

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