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

✔ High LTV Ratio
✔ Upto 95% of the ex-showroom price on select models
✔ 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

New Car Loan Features and Benefits

Get high-value loans

From Rs. 1,00,000 upto 85% on-road funding for upto 7 years tenure

Enjoy attractive interest rates

Starting from just 11%

Easily calculate Car Loan value

Value calculated on ex-showroom price of the vehicle

Benefit from a high LTV ratio

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

Avail of special schemes and benefits

Banking surrogate schemes available
Special benefits for Priority Banking, Wealth Banking and Privee Banking customers. (Contact your Relationship Manager today to know more)
Processing Fees of Rs. 1,000 only
Waiver of income documents and bank statement
Special Surrogate Scheme available for Club 50 and Channel One Current Account customers:
- Waiver of income documents and bank statements
Special scheme for Axis Bank Salary A/C customers:
- Waiver of salary slips and bank statement

Choose your tenure

From 1 year to 7 years

Apply for a loan no matter who you are

Auto loans are available for:

Self-Employed Individuals
Proprietorships
HUF
Partnership Firms
Limited Liability Partnership Firms
Trusts
Societies and Companies

Earn Axis eDGE Rewards

Axis eDGE Rewards points for transactions and 500+ rewards and offers. to redeem points Earn points for these transactions:

350 points if Post Disbursal documents are submitted within 60 days of first loan instalment being disbursed

New Car Loan Eligibility & Documentation

Car Loan Eligibility

Salaried individuals who are eligible for a loan

Minimum 21 years of age
Maximum 70 years of age at maturity (conditions apply)
Minimum Net Annual Salary of Rs. 2,40,000 p.a. for all approved car models
Income eligibility based on latest salary slip and Form 16
Minimum of 1 year continuous employment

Self-employed individuals who are eligible for a loan

Minimum 18 years of age
Maximum 75 years of age at loan maturity
Minimum Net Annual Business income of Rs. 1,80,000 p.a. for selected models and Rs. 2,00,000 p.a. for others.
Income eligibility based on latest Income Tax Returns
Minimum 3 years of employment in the same line of business

Self-employed non-individuals who are eligible for a loan

Minimum Net Annual Business income or Rs. 1,80,000 p.a. for selected models and Rs. 2,00,000 p.a. for others
Income eligibility based on latest 2 years. Income Tax Returns and audited financials of 2 years along with computation of income
Minimum 3 years of employment in the same line of business

Priority/Wealth/Privee customers eligible for a loan

Customers with a vintage of 6 months
A minimum Average Quarterly Balance (AQB) as below:
- An AQB of Rs. 1 lakh for last 2 completed quarters AQB requirement to be met for both the quarters
Maximum loan amount restricted to 3 times the AQB in the last 2 quarters

Salary customers eligible for a loan

Customers who have a Salary A/c with Axis Bank since the past 3 months
Those who work with the following organisations:
- Public Limited and Private Limited Companies
- MNCs
- Permanent employees of State / Central Government
- Permanent employees of Public Sector Undertakings
- Permanent employees of reputed schools / colleges
Other factors
- Minimum 21 years of age
- Maximum 70 years of age at loan maturity
- Minimum Net Annual Salary of Rs. 2,40,000 p.a.
- Income eligibility base on latest salary slip and Form 16
- Minimum 1 year of continuous employment

Documents required for Car Loan

Age proof
ID proof
Application form
Photograph
Residence proof
Income proof
Bank statement
Signature verification proof
Pro-forma Invoice or Rate List

All of the above is subject to terms and conditions

New Car Loan Interest Rates and Charges

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.