Axis Bank Car Loan in Chennai

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

About Axis Bank Car Loan Chennai

Axis Bank, the third largest private lender with approximately 3,000 branches and 13,000 ATMs across India, can be the right option for your banking needs. With an enhanced employee strength and increased market capitalization, the bank stands firmly amid massive competition that has crept into the banking space consisting of large, mid and small players vying against each other. The bank ownership mainly rests with the mutual fund institutions, FIIs, insurance firms, banks, corporate bodies, individuals. Together, they hold nearly 70% of the bank’s equity. The remaining 30% is with United India Insurance Company, National Insurance Company Limited, among others. While the registered office of the bank is in Ahmedabad, the corporate office is located in Mumbai.

Axis Bank provides banking services to retail, corporate, NRI, MSME and other clients to fulfill their needs. For meeting personal expenses and medical contingencies, the bank offers a personal loan at an attractive interest rate for a flexible repayment tenure. It also has products for the car lovers.

With the word car, the city of Chennai can easily be associated with. The city is an automobile hub rolling out a large number of cars to capture your imagination. Many automobile firms unveil the new models in Chennai every year. Looking at the inherent desire of a car in the city of Chennai, Axis Bank has outlined the car loan offer providing customers the custom finance options to keep their dream 4-wheeler wish lively as ever. Offering loans for a wide range of cars at affordable interest rates, Axis Bank has become a preferred lender for all those looking to dazzle the roads of Chennai. The processing of the loan is simple. Within 2 days to a week, you get the receipt of the car loan in Chennai. The minute details of Axis Bank car loan is presented in the table below.

Axis Bank Car Loan Chennai at a Glance

Eligibility Criteria

Below are the eligibility criteria that you should consider to get your car loan application approved.

• 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 Chennai

Branch Addresses of Axis Bank Car Loan in Chennai