Axis Bank Car Loan in Ahmedabad

About Axis Bank Car Loan Ahmedabad

Ahmedabad is the largest city in the Gujarat state with administrative headquarters of Ahmedabad District the Gujarat High Court bench. Located on the banks of Sabarmati River, Ahmedabad has become a key industrial hub. It is ranked among the top cotton producing regions across India. The stock exchange here is India’s second oldest. The growing investment has positively influenced the growth of the city’s tertiary sector such as construction, communication, and commerce. In 2012, the city received fame as the Reserve Bank of India (RBI) ranked Ahmedabad as the seventh largest credit and deposit centre in India. The city ranks among the largest gemstone exporter in the world. It also houses auto manufacturing plants such as the famous Tata Nano project.

The Ahmedabad city is served efficiently by Axis Bank, which has more than 30 branches across the city. Axis Bank, the third largest private sector bank, aspires to fulfill the banking needs of the customers residing in the city of Ahmedabad. Interestingly, the bank’s registered office is located in Ahmedabad. The bank’s operation is carried out through 3,000 branches and 12,000 ATMs that are spread across the country.

As far as bank’s shareholder pattern is concerned, around 70% stakes are with the mutual fund institutions, foreign institutional investors (FIIs), insurance companies, corporate institutions, and individuals. The remaining 30% share is owned by public sector units like United India Insurance Company Limited, National Assurance Company Ltd, LIC, UTI, GIC, etc.

Over the years, the bank has proved out to be an important cog of the Indian banking space. It has customized offers for retail, corporate, MSME, NRI clients.

Out of the product offerings. the bank’s car loan is also the most talked about in Ahmedabad because of the attractive interest rates. Also, the seamless processing and documentation add to the delight of the car loan seekers looking for a fast disbursal. The car loan is offered to both salaried and self-employed with extended tenure. This ensures smooth repayment experience for the customers. Below is a table that outlines what is in store for you with Axis Bank Car Loan in Ahmedabad.

Axis Bank Car Loan Ahmedabad at a Glance

ParticularsDetails
Interest Rate

11.00% - 12.00%

Loan AmountUpto 85% of on-road price (New Cars)

Upto 80% of the valuation amount (Used Cars)
TenureUpto 7 Years (New Cars)

Upto 5 Years (Used Cars)
Processing Fee₹ 3,500-5,500 (Both New & Used Cars)
Pre-payment Charges5% of the Principal Outstanding after 180 days from date of disbursement and 10 % of the Principal Outstanding upto 180 days from date of disbursement

Eligibility Criteria

Axis Bank has placed few norms for the car loan approval. Take a look at those.

  • Salaried would have to attain a minimum age of 21 years to apply for a car loan. While by the time loan expires, the maximum age permitted is 70 years. Self-employed, on the other hand, must be a minimum of 18 years at the time of application and a maximum of 75 years at loan maturity.
  • Minimum net annual income should be ₹ 1,80,000 and ₹ 2,40,000.
  • While salaried must have a 1-year of continuous employment, self-employed should stay for atleast 3 years in the same line of business.

Documents Required

For Salaried

  • Identity Proof-PAN Card/Voter ID/Aadhaar Card/Passport
  • Residence Proof-Aadhaar Card/Passport/Voter ID/Utility Bill
  • Age Proof-PAN Card/Voter ID/Aadhaar Card/Educational Certificates
  • Signature Verification Proof-PAN Card/Passport/Driving License
  • Income Proof-Salary Slips of Last 3-6 Months, Form 16 for Last 2 Years, 6-month Bank Statement
  • Pro-forma Invoice or Rate List
  • Car Valuation Report In Case of Used Cars
  • Duly Signed Loan Agreement Copy with RTO Set
  • Processing Fee Cheque
  • Post-dated Cheques, ECS Mandate Form Duly Signed
  • Photographs

For Self-employed

  • Identity Proof-PAN Card/Voter ID/Aadhaar Card/Passport
  • Residence Proof-Aadhaar Card/Passport/Voter ID/Utility Bill
  • Business Establishment Proof-Any of the Indirect Tax Registration Copy, Utility Bills of Shops
  • Age Proof-PAN Card/Voter ID/Aadhaar Card/Educational Certificates
  • Signature Verification Proof-PAN Card/Passport/Driving License
  • Income Proof-ITR, Profit & Loss Account Statement and Audited Balance Sheet for the Last 2-3 Years
  • Pro-forma Invoice or Rate List
  • Car Valuation Report In Case of Used Cars
  • Duly Signed Loan Agreement Copy with RTO Set
  • Processing Fee Cheque
  • Post-dated Cheques, ECS Mandate Form Duly Signed
  • Photographs

Looking for more information? Visit Car Loan Ahmedabad

Addresses of Axis Bank Branches in Ahmedabad

Branch NameComplete AddressIFSCMICRCustomer Care
Ahmedabad BranchTrishul - Opposite Samartheshwar Temple Law Garden, Ellis Bridge-380006 UTIB0000003380211002079 - 66306102/04/66306161
VastrapurSunrise, The Shopping Mall, Shop 31&32 Near Swami Narayan Mandir, Vastrapur, Ahmedabad-380015UTIB0000032380211003079-6750230/6763712
VejalpurShreyas Complex, A - 001/004 Shrinand Nagar, Vejalpur, 380051UTIB0000058380211004079-6609 1300
ManinagarKesar Kunj, Krishna Baug Char Rasta Maninagar, Ahmedabad, Gujarat-380008UTIB0000080380211005079- 40260412 / 04/ 05/ 06/ 07/ 08/ 09/ 10
Service Branch3Rd Floor, Trishul, Opp.Samartheshwar Temple, Law Garden, Ellis Bridge, 380006UTIB0000229380211001079-2687 0645/ 0865/ 0861
NaranpuraSthapana, Opp : G.H.B Complex Ankur Road, Naranpura, 380013UTIB0000298380211007079-2741 0241/ 2741 0242
AsarwaAsmita Bhavan Civil Campus, Asarwa, 380016UTIB0000449380211010 079-22686690/ 22686691
Relief RoadLic Jeevan Prabha Bldg, Patthar Kuva Relief Road, 380001UTIB0000453380211011079-25509556
ShahibaugNilkanth Plaza, Opposite Madhupur Market, Police Commissioner Road, Shahibaug, Gujarat- 380004Nilkanth Plaza, Opposite Madhupur Market, Police Commissioner Road, Shahibaug, , Gujarat, 380004380211012079-2563 1001/02/03/ 6544 0378
BapunagarPushpak Arcade, Hirawadi Cross Road Ahmedabad, Gujarat- 380024 UTIB0000664380211013079-2273 1170/ 71/ 72
ChhatralCommercial Plot H - 10/1 Chhatral Gidc, Chhatral 382729 Dist. Gandhinagar, GujaratUTIB000068038021101402764-232347/ 48
ChandkhedaShop Nos. 1 To 4, Ground Floor Balaji Mall, Visat Gandhinagar Highway Motera, Chandkheda Ahmedabad 382424, GujaratUTIB0000751380211016079 - 2757 0748/49/27517049
ChandlodiyaGroundUTIB0000728380211015079-2766 0576/92/02
BopalDOUBLE 8, NEAR KABIR ENCLAVE BOPAL - GHUMA ROAD BOPAL, DIST AHMEDABAD GUJARAT, PIN 380058 UTIB000087838021101702717- 656501/ 02/ 03
PaldiGround & First Floor, Shivalik - V, Mahalaxmi Char Rasta, Paldi, Ahmedabad, Gujarat 380007UTIB0001064380211018(079) 26650213/ 14 / (079) 26650215
NehrunagarAbhishree Avenue, Nehru Nagar, Ambavadi, Ahmedabad, Gujarat- 380050UTIB0001193380211019(079) 40700100 (079) 26405031
VasnaVishwam Complex, Near Dream Land Party Plot, Dharnidhar Cross Road , Vasna, Ahmedabad, Gujarat- 380007UTIB0001210380211020(079) 26640761/ 86 (079) 26640787
Drive In RoadGround Floor, Shivalik - 3, Drive In Road, Ahmedabad, Gujarat- 380054UTIB0001334380211021(079) 40098425/40098426 (079) 40098427
GhatlodiyaGround Floor, Pushpak Arcade, Sola Road, Ghatlodiya, Ahmedabad, Gujarat- 380061UTIB0001335380211023
NavrangpuraAbhilasa Business Centre" , Sardar Patel Statue, Navjivan Post, Navarangpura, Ahmedabad, Gujarat- 380009UTIB0001336380211022(079) 40371547 (079) 40371549
Science CityShop No.1 - 2, Ground Floor, Sarjan Arcade, Science City Road, Ahmedabad, Gujarat- 380061UTIB0001337380211024(079) 61602700 (079) 61602715
IsanpurGround Floor, Dev Castle , Isanpur, Ahmedabad, Gujarat- 382 443.UTIB00013383802110259727170171 0
SanandShivkrupa Society, Bungalow No. 06, Vibhag 1, Sanand - Ahmedabad Highway , Sanand, Dist. Ahmedabad, Gujarat-382110UTIB0001426380211026(02717) 612500, 02717612501, 502 (02717) 612503

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