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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

Up to 100% on road price funding

Loan Amount

Minimum Rs 1,00,000/-
Maximum Up to 100% on road price funding

Special Benefits

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

Features and Benefits

• Funding of up to 150% of original loan amount.
• Car age up to 8 years at loan maturity
• Tenure up to 60 months
• Funding available for private cars only

Original loan tenure should be more than 24 month and should have served for minimum 12 months.

Basis loan seasoning, funding will be in the range of 125% to 150%.

Primary Documents Application form
Car Valuation from empanelled valuator (For Used Car Loans)
Bank Statement of Operative A/C
Repayment track of existing loan
KYC Documents
1 Photo Graph
Post Sanction
Documents
Insurance Cover Note/Policy
Agreement and MII complete in all aspects
Any other document required by credit

• ROI in the range of 14.50% to 16.25%
• PF up to 1% of the loan amount
• Documentation charges of Rs 300/-.
• Stamp duty on actual
• Foreclosure charges and part payment charges as applicable.as decided by the Bank from time to time.

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