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Commercial Loans

New Commercial Vehicle &
Construction Equipment Loan

Drive to a better future with loans for your commercial vehicle and construction equipment needs.

 

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High LTV Ratio

Upto 100% calculated on Net Invoice Value of the vehicle/Asset

Low Interest Rates

Starting at just 10.25%

Maximum Tenure

5 years

Loan for Multiple Needs

Loan can be used to buy different products manufactured by various big and small manufacturers

Features and Benefits

Interest Rates & Charges*
Min Max
Interest Rate 10.25% 15.00%
*(Subject to change as per change in Bank’s Base Rate)
Type and 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 repayment penalty 2% per month
7
Loan cancellation / Re-booking Rs 1000/ instance
5% of the Principal Outstanding after 180 days from date of disbursement
8
Foreclosure Charges 10 % of the Principal Outstanding upto 180 days from date of disbursement
5% of the Part Payment amount after 180 days from date of disbursement
9
Part Prepayments Charges 10% of the Part Payment amount upto 180 days from date of disbursement
10
Stamp Duty At Actuals
11
Issuance of Credit Report Rs 50/ Instance
* Service Tax as applicable will be levied

WHAT'S NEW ?

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NOW PAYMENT TIME IS ALSO FITNESS TIME

Make contactless payments using Axis Active. Get it at a special price today!

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Your Child's Education Expenses fully covered

Special Rate offer for Indian & Abroad Institutes; offer valid till March 31, 2017

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GST: IMPACT AND WAY FORWARD


Evolve, roadshow for Axis Bank SMEs, is back with its 3rd edition

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Backing the innovators of today!

Business Banking Solutions for Start-ups by Axis Bank

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