Here are a few factors

Rating 4.5 /
Total - 254 ratings
Location 50Km from Axis Branch
CIBIL Score 700+ & Minus 1 CIBIL 
Loan Amount & Tenure 1 Lac to No Limit
(36 month to 84 month)
Loan to Value(LTV) 100% of Ex-Showroom Value
Type of Funded Vehicle New Car & Commercial Car
Rate of Interest & Type 9.20% to 10.45% (Fixed)
Processing Fees 3500-6500
TAT Sanction-2 Days
Disbursement-4 Days
Foreclosure Charges 5%
Applicant Any Salaried or Self Employed Person
Applicant Age 21 to 60 Year 
Applicant Minimum Income 1. Salaried having monthly net Salary>25K
2. Self Employed Person having ITR>2.50 Lac
Business Vintage for Self Employed Applicant 3 Year
Minimum Job Experience for Salaried Applicant 2 Year
Whether Co-Applicant Mandatory No
Part Payment Allowed Yes, after 12 month
Product 1. Salaried- 36 Time of Net monthly Salary
2. Self Employed-4 time of average Gross total Income of last 2 year
3. Banking Program-Upto 12 Lac (ABB should be 1.50 time of EMI)
Negative Profile Cash Salary, Share Traders
USP 1. No Financial upto 12 Lac loan
2. On APP Score basis sanction within 1 hour
Additional In Banking Product, residence must be owned
Right Document : Easy Process

Required Documents to Apply for Axis Bank Car Loan

Salaried Person

  • KYC of applicant
  • Last 3 Month Salary Slip
  • Last 12 month Bank Statement of applicant
  • Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant
  • Quotation of Car
  • Latest Utility Bill of co-borrower if Owned premises else rent agreement if rentedSanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented

Self Employed

  • KYC of applicant & Co-Applicant
  • KYC of Co-BorrowerLast 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Copy of Last 12 month GST return if applicable
  • Quotation of Car
  • Sanction letter of all running loan
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

About Axis Bank Car Loan

Are you in the market for a new car? Look into the most adaptable, rapid, and cost-effective approach to acquiring your dream car. Axis Bank's New Car Loan provides car loans ranging from Rs. 1 lakh to 100% on-road financial backing, as well as an abundance of other rewards like competitive interest rates, flexible repayment terms, Axis eDGE Reward points, and so on. Before asking for a car loan online, take advantage of the car loan calculator to calculate your EMI. Ask for an Axis Bank new automobile loan to realise your goal of buying a brand-new car.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question


The interest rate offered by axis bank for car loans varies on used or new cars from 8.20% to 11.40%.

Axis bank requires a cibil score between 600-700 points before applying for a new car loan. 

You can track all the payment and tenure date details on the axis bank mobile application.

Yes, Axis Bank provides a partial repayment option with their new car loans.

Axis bank works on the mantra of “anytime anywhere” - axis bank allows you to apply for your car loan by either sitting at your home or by also using the axis bank mobile banking application.