Axis Bank Car Loan in Bengaluru

Last Updated : Jan. 11, 2019, 5:47 p.m.

About Axis Bank Car Loan Bengaluru

Come to the city of Bengaluru and you would get intrigued by its vibrancy that catches upon at the very instance. The city is often called as the silicon valley of India. It is one of India’s largest information technology exporter. Some of the well-renowned companies like Infosys, Wipro, ISRO, and HAL have their headquarters here. Apart from the information technology, Bengaluru is also an important place for people involved in the business of fast moving consumer goods (FMCG). Being the fastest growing metropolitan cities of India, Bengaluru houses various educational and research institutes like Indian Institute of Management (IIM), National Institute of Fashion technology, Indian Institute of Science, to name a few.

The city of Bengaluru has banks all over here to satisfy the needs of the consumers. Axis Bank can just be the option you would like to avail for your banking needs in Bengaluru. Buoyed by a rich vein of products, Axis Bank gives you an extra push which you require to fulfill your goals. The products here are made keeping in mind the varied requirements of the customers. As a result, it has become a preferred banker for a wide range of customers belonging to corporate banking, retail banking, international banking, MSME banking, and rural banking verticals.

The bank offers a broad portfolio of products to choose from. Among the products, it’s the car loan that also grabs the attention of the borrowers in Bengaluru. With attractive interest rates and the enhanced repayment tenure, Axis Bank sets up for a pleasant car loan experience in Bengaluru. Also good is its easy loan processing and documentation that attracts car loan seekers. Want to catch the minute details of Axis Bank car loan in Bengaluru? Stay tuned to the table below and the information that follows.

Axis Bank Car Loan Bengaluru at a Glance

Eligibility Criteria

Want to check out the eligibility norms related to Axis Bank Car Loan ? Get through the below points.

• Salaried would have to attain a minimum age of 21 years to apply for a car loan. While by the 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 Bengaluru

Addresses of Axis Bank Branches in Bengaluru