Axis Bank Car Loan in Chandigarh

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

About Axis Bank Car Loan Chandigarh

Chandigarh, the union territory and the capital of both Punjab & Haryana. The government employs most of the people in the city with Punjab Government, Haryana Government, and Chandigarh Administration. The city is often called as a paradise of pensioners. The Government of India has set up Ordnance Cable Factory of the Ordnance Factories Board. There are a large number of medium to large scale industrial units in the city. More than 2,500 small scale units operate in Chandigarh. The industries that are found here include paper manufacturing, auto parts, pharmaceuticals, electrical appliances, sanitary, food products, among others. Trade organizations like ASSOCHAM and CII have their regional headquarters in Chandigarh.

Looking at the existence of so many businesses, banks have covered the Chandigarh territory by establishing the branches and ATMs all over the city. When so many banks are there, it’s hard to pick one for your need. Of the many banks available, you can choose Axis Bank, the third largest private bank of India. The bank has emerged as an important banking unit amid massive competition in the space wherein small, medium and large players are there. It is now a noted banker for retail, corporate, NRI or MSME units located in the city of Chandigarh. From a personal loan to a car loan, the bank has attractive offers to meet the varied financial needs.

Axis Bank car loan offers are available for both salaried and self-employed across Chandigarh. What catches the attention of the borrowers is the lucrative interest rates and seamless processing, To add to the easy documentation and the flexible tenure, you would drift towards its car loan even more. The bank has a substantial presence in Chandigarh with a large number of branches calling you to get your dream 4-wheeler financed from them. Catch all the details of Axis Bank car loan in Chandigarh and more.

Axis Bank Car Loan Chandigarh at a Glance

Eligibility Criteria

Want to pass the car loan eligibility test at Axis Bank? Make a point to follow the points below.

• 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 ₹ 1,80,000-2,40,000.
• 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 additional information? Visit Car Loan Chandigarh .

Axis Bank Car Loan Chandigarh Branches