Axis Bank Car Loan in Indore

Last Updated : March 16, 2017, 9:24 a.m.

About Axis Bank Car Loan Indore

Axis Bank has grown by leaps and bounds in its more than 20 years of stay in a banking space. It was 1994 when the top-notch firms like Unit Trust of India, Life Insurance Corporation (LIC), National Insurance Company Ltd., General Insurance Corporation (GIC) and few others laid the foundation of the bank. Over the years, the bank has gone through a series of changes. One such has been the change in the bank’s shareholding pattern. The majority stake of the bank is owned by the mutual fund firms, FIIs, individuals, corporate investors. They together hold near 70% stake. The remaining 30% rests with Oriental Insurance Company Ltd., United India Insurance Company Ltd., and New India Assurance Company Ltd.

In its bid to stay ahead of its competitors, Axis Bank has widened its reach substantially with the passage of time. Now it has more than 3,000 branches and 13,000 ATMs that are evenly spread across India’s geographical spectrum. From the top cities to small towns, the bank provides services everywhere to align with the specific financial needs of the customers. Your city Indore, popularly called as the destination for ‘foodies’, also has the presence of Axis Bank. The people of Indore avail a myriad of banking services from Axis Bank.

Based on the requirements of the customers, the bank has a rich blend of products to offer in Indore, such as a car loan. Not only the bank provides the loan for new cars but also for the used vehicles at attractive interest rates to soothe your pocket. Almost every type of cars be it passenger cars, sports-utility vehicles (SUVs) or multi-utility vehicles (MUVs) can be bought on a loan from Axis Bank. It stays at par with its competitors by providing a maximum amount of loan. The smooth loan processing and better service have allowed the bank to win the confidence of many customers with varied income and class.

Axis Bank Car Loan Indore at a Glance

Eligibility Criteria

Want your car loan application approved by Axis Bank in Indore? The below points you should follow.

• Salaried must be a minimum age of 21 years while applying for a car loan. By the time loan tenure is about to expire, 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 Indore

Axis Bank Car Loan Indore Branches