Avail loan amount of minimum Rs. 1 lacs to maximum up to 100% of on-road card price.
Earn 350 points if Post Disbursal documents are submitted within 60 days of first loan instalment being disbursed.
Get special benefits for Priority Banking, Wealth Banking, Privee Banking customers, as well as Axis Bank Salary A/C customers.
Special Surrogate Scheme available for Club 50 and Channel One Current Account customers. Get Waiver of income documents and bank statements.
Special scheme for Axis Bank Salary A/C customers. Get Waiver of salary slips and bank statement.
Repayable in 1 year to maximum 8 years.
Interest Rate : 9.25% - 11.50%
Processing Fee : Rs. 3500 to Rs. 5500
Pre Closure Fee : 5% of the Principal Outstanding
Late Payment Fee : 2% per month on the overdue amount
Loan to Value Ratio : Up to 100%
Part Payment Fee : 5% of the Part Payment amount
MCLR : 8.50%
Signature verification proof
Pro-forma Invoice or Rate List
Up to 100% of the Car Value
Reward Points on transactions.
No guarantor is required
Part payment is allowed
High Prepayment Charges
High Processing Fee
High Interest Rate on Top-Up Loan
Applicant should be a Salaried Individual, Self-Employed Individuals, Proprietorships, HUF, Partnership Firms, Limited Liability Partnership Firms, Trusts or Societies and Companies.
A Salaried Individual of age between 21 years to maximum 75 years of age at maturity, earning minimum Net Annual Salary of Rs. 2.4 Lacs and employed for minimum of 1 year continuous with the current employer. Income eligibility will be calculated based on latest salary slip and Form 16.
A Self-Employed Individual of age between 18 years to maximum 75 years of age at maturity, earning minimum Net Annual Income of Rs. 1.8 Lacs (for select models) and Rs. 2.4 Lacs (for other models) and employed for minimum of 3 year in the same business line. Income eligibility will be calculated based on latest Income Tax Returns.
A Self-Employed Non-Individual, earning minimum Net Annual Income of Rs. 1.8 Lacs (for select models) and Rs. 2 Lacs (for other models) and employed for minimum of 3 year in the same business line. Income eligibility will be calculated based on latest 2 years Income Tax Returns and audited financials of 2 years.
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