Axis Bank Car Loan in Kolkata

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

About Axis Bank Car Loan Kolkata

Axis Bank, the third largest private sector bank, is a reliable ally to be associated with to sail through in your financial journey. Established in 1994, the bank has improved its services based on the changing requirements of different customers. The foundation of the bank was enabled due to the efforts of its promoters featuring the established insurance houses of India. The list included the likes of Unit Trust of India, National Insurance Company Ltd., Life Insurance Corporation (LIC), and General Insurance Corporation (GIC). With time, the bank has seen a drastic change in its shareholding pattern. Nearly 70% of the bank’s equity lies with the mutual fund institutions, foreign institutional investors (FIIs), corporate & individual investors, with Oriental Insurance Company Ltd., New India Assurance Company Ltd., and United India Insurance Company Ltd occupying the remaining 30% stake.

Amidst all these years what has remained intact for the bank is its mission of serving the customers with utmost finesse. The bank has tapped on the varied needs of the customers by developing a broad array of products with distinct features. This allows the bank to combat the competition which is quite intense in a fragmented banking space of India, consisting of small, mid and large players.

You could feel the need of a car to avoid the hassles associated with a public transport. For that, you can approach Axis Bank for an attractive car loan deal. Its car loan is easy to avail with simple processing and documentation. The attractive interest rates only add to its enhanced popularity.

Axis Bank runs over 3,000 branches across the country, covering the city of Kolkata where you stay. You can pocket out a suitable car loan from Axis Bank in Kolkata to travel around the city.

Axis Bank Car Loan Kolkata at a Glance

Eligibility Criteria

Your car loan approval by Axis Bank in Kolkata is contingent upon the following factors-

• 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 Kolkata

Axis Bank Car Loan Kolkata Branches