Axis Bank Car Loan in Indore

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

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

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

Branch NameComplete AddressIFSCMICRCustomer Care
IndoreKamal Palace, 1 Yeshwant Colony Yeshwant Niwas Road, 452003UTIB00000434522110020731-4295222/429533
Sapna Sangita Road16/2, Sneh Nagar Main Road, Sapna Sangita Road, Indore 452001 , Madhya Pradesh, 452001UTIB00005034522110030731-246 7891/92/93/424 9020
VijayanagarH/1 Scheme No. 54, Vijay Nagar Indore 452010UTIB0000568452211004 0731-257 5135/ 37
Annapoorna85, Mishra Nagar, Near Annapoorna Temple, Indore 452009UTIB00005704522110050731-4295800
Gawli PalasiaAgra Bombay Road Village Gawli Palasia, Tehsil Mhow Dist Indore, Pin 453441 , Madhya PradeshUTIB0000650453211999Tel: 07324-226 161/ 162/ 163
SehoreNear New Bus Stand Indore Bhopal Road Arya Building Material Sehore 466001 , Madhya PradeshUTIB000068446621199907562-407 974
Khandwa1, Shrinagar Main Road Indore - Khandwa Road Khandwa 450001 , Dist. East Nimar Madhya PradeshUTIB00006994502119990733 - 2243471/ 72/73
Itwariya Bazar Rajwada, IndoreUpper Ground Floor, Shop No.20 - 21, Sir Hukumchand Marg, Itwariya Bazar, Rajwada, Indore, Madhya Pradesh, Pin 452002UTIB0001139452211007(0731) 4795100/ 115 / (0731) 4795116
Lasudia MoriGround Floor, Survey No 103/3/1, Lasudia Mori, A.B. Road , Indore, Madhya Pradesh, Pin 452010UTIB0001173452211008(0731) 4039701/02/03
DharSurvey No. 1093, Silver Hill Colony, Indore Ahmedabad Main Road , Dhar, Madhya Pradesh, Pin 454001UTIB0001353454211001(07292) 423801/2/3/4/5 (07292) 423806
Kanadiya Road , Indore84 Swami Vivekanand Nagar, Kanadiya Road , Indore , Madhya Pradesh, Pin 452001UTIB0001514452211009(0731) 4006356/ 7 (0731) 4006358
Indore (Service Branch)Kamal Palace, 1 Yeshwant Colony, Yeshwant Niwas Road , Indore , Madhya Pradesh, Pin 452 003UTIB0001533452211010(0731) 4295319 (0731) 4295330
A B Road Indore139, Phadnis Colony, A.B. Road, Indore (Mp) - 452010UTIB0001680452211012
Airport Road Indore622, Kalani Nagar, Airport Road, Indore (Mp) - 452005UTIB0001681452211011
Rau IndoreG-1, Ground Floor, Prk Residency, A B Road, Near Punjab National Bank, Rau, Indore (Mp) - 453331UTIB00019314522110139004034443
Bicholi Hapsi IndoreG-2, Ground Floor, Harsh Heritage, Plot No. 7, Neer Nagar Colony, Vill Bhicholi Hapsi, Indore (Mp) - 452001UTIB00019344522110149926999569
PitgaraGround Floor, Next To Panchayat Office, Indore Ratlam Road, At Village Pitgara, Tehsil :Badnawar, Dist : Dhar, Pin-454660UTIB00025074542115019826920325
SinhasaGround Floor, 663, Chouhan Market, Jawahar Tekari, At Village Sinhasa, Dhar Road, Dist : Indore, Pin- 452002UTIB00025084522110159669909265
RingnodiyaGround Floor, Sanwer Road, At Vilage Ringnodiya, Post Dharampuri Or Solsinda, Taluka : Sanwer, District: Indore, Pin-453551UTIB00025094532119999826633565
PaldaGround Floor, 105, Shri Ram Nagar, Nemawar Main Road Palda, District: Indore, Pin-452001UTIB00025124522110170731 - 7554097913
Sukhaliya IndoreGround Floor Shop No 1 2 3 And 4 Veenanagar Mangal Nagar Prime City Main Road Indore 452010UTIB00026614522110199826400746
Mth Compound IndoreGround Floor 1 2 5 6 11 And 12 Rajaram Mohan Roy Complex Mth Compound Indore 452001UTIB00026624522110188103088018
Marimata SquareGround Floor 3 Vip Road No 1 Raghuvanshi Colony Main Road Distt Indore 452006UTIB00028204522110207509060492
MHOWGround Floor Agarwal Tower 984 Manek Chowk Mhow 453441UTIB00029734532110029722555644

 

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