Axis Bank Car Loan in Jaipur

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

About Axis Bank Car Loan Jaipur

Axis Bank, with an approximate branch and ATM count of 3,000 and 13,000, respectively, is making the right noises by providing an extensive range of financial products that can empower the lives of many. The bank earns the status of the third largest private lender and is constantly looking to improve the services. It is this urge that has allowed the bank to appeal the taste of retail, corporate, international, small enterprises and much more clients. The bank has offered customers to choose both the traditional and modern forms of banking for their day-to-day financial needs. On one hand, you can visit the branch to deposit, withdraw and transfer the money, the same thing can also be done with the help of Internet Banking, Mobile Banking, etc.

The bank’s history dates back to as old as 1994 when a clutch of public sector behemoths like Unit Trust of India, National Insurance Company Ltd., Life Insurance Corporation (LIC), National Insurance Company Ltd., General Insurance Corporation (GIC) and few others joined to create a storm in the banking space with the invention of Axis Bank. But over the years, the stakeholder pattern has undergone a massive change with the mutual fund institutions, foreign institutional investors (FIIs), corporate investors and few individuals holding nearly 70% of the bank’s equity. The remaining 30% is with Oriental Insurance Company Ltd., New India Assurance Company Ltd., and United India Insurance Company Ltd.

The bank’s products have been engineered with the thought of customization to suit the taste of users across the landscape. Of the products that the bank offers, a car loan is one of them. You can apply for a car loan for buying a wide range of vehicles, such as passenger cars, SUVs and MUVs. The loan is appealing due to the attractive interest rates, simple processing, and easy documentation, among others.

Axis Bank offers a car loan across the geographical landscape of India, covering almost every location right from the top cities to small towns. The pink city Jaipur is privileged with Axis Bank Car Loan. The bank has spread its reach in Jaipur considering the massive business prospects that the city generates for the budding entrepreneurs as well as the giants of the corporate field. With the existence of business units, there is also a scope for the massive salaried class which can also Apply for Axis Bank Car Loan just like self-employed.

Axis Bank Car Loan Jaipur at a Glance

Eligibility Criteria

Want to get your car loan application approved by Axis Bank in Jaipur? Below are the points you must 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

Want more information? Visit Car Loan Jaipur

Axis Bank Car Loan Jaipur Branches