Axis Bank Car Loan in Jammu

Last Updated : Jan. 11, 2019, 5:51 p.m.

About Axis Bank Car Loan Jammu

It’s been a journey full of changes from the management to the services as far as Axis Bank is concerned in a space of 23 years since making its debut in 1994. It was the time when the PSU powerhouses like Unit Trust of India, Life Insurance Corporation (LIC), National Insurance Company Ltd., National Insurance Company Ltd., General Insurance Corporation (GIC) and few more combined together to form Axis Bank. But as the time went along, the ownership pattern changed and now, it is the mutual fund institutions, corporate investors, foreign institutional investors (FIIs) and few individuals who together own a majority stake of almost 70% in the bank. While the remaining 30% is owned by Oriental Insurance Company Ltd., New India Assurance Company Ltd., and United India Insurance Company Ltd.

The bank richly deserves its current status of the third large private lender in India due to its increasing finesse to develop unique products matching the requirements of the massive population. Not only the top corporates and the salaried but even the NRI and small enterprises are empowering their financial journey on the back of innovative products offered by Axis bank. Of the products available, you would like to see the car loan of the bank. The attractive interest rates, seamless processing, and simple documentation are some of the factors that have powered Axis Bank to strengthen its base in India’s car loan market. One more factor that helped the bank to grow its car loan customer base is its massive presence that can be depicted from a layout of 3,000 branches and 13,000 ATMs across the country.

Jammu, a location in the state of Jammu & Kashmir, does have the branches of Axis Bank. These branches have a suitable car loan to offer you in Jammu. The attractive car loan is set to make your driving experience in the hilly areas of Jammu a pleasant one.

Axis Bank Car Loan Jammu at a Glance

Eligibility Criteria

Get all your concerns regarding the eligibility norms of Axis Bank Car Loan in Jammu over with the below points.

• 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 Jammu

Axis Bank Car Loan Jammu Branches