Progress with us...
 
internet banking
Personal
Corporate
Mutual Fund
CMS and Payment Solution
CARDS
Power Access
AxisRemit Online
Remit Money
eDGE Loyalty Rewards
  • LOG IN

Commercial Loans

New Commercial Vehicle &
Construction Equipment Loan

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

 

  • fb
  • twit
  • insta
  • mail

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 and Charges

For Loans with tenure upto 36 months

1 Yr MCLR Spread over MCLR Effective ROI Reset
 8.60% 1.65% - 6.40% 10.25% - 15.00% No Reset

For Loans with tenure more than 36 months

Effective ROI
10.25% - 15%

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 Payment Penal Interest 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
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
For further details, please Click Here




WHAT'S NEW ?

PFM-SIP

SIP: THE SMART WAY TO INVEST IN MUTUAL FUNDS

Find the best performing SIPs and 5 star rated funds

BUY NOW

Remit-Money-UK

20 PAISE Extra on RemitMoney

1 HOUR* remittance from UK & get better rate with promo code UK20


SEND MONEY

Gold Loan Insider

AVAIL QUICK LOAN DISBURSEMENT

Gold Loan from Axis bank with no foreclosure charges.

APPLY NOW

Axis Direct Inside

GIVE WINGS TO YOUR DREAMS

Get closer to your dreams with the power of technology. Investments simplified!

KNOW MORE

ALL LOANS

Home Loan

Car Loan

Commercial Vehicle Loan

Other Loans

Your Browser is Outdated!

Please check your browser version & upgrade to one of the following browsers to continue banking with us.

  • v7 osx & above
  • v30 & above
  • v27 & above
  • v11 & above
  • v17 & above

Upgrade your web browser today

Please check your browser version & upgrade to one of the following browsers to continue banking with us.

  • V7 & above
  • V5 & above
  • Android V5.0 & above