Axis Bank Car Loan in Mumbai

Last Updated : March 18, 2017, 3:28 p.m.

About Axis Bank Car Loan Mumbai

The dreams enlarge, energy goes up when the Aamchi Mumbai is up for discussion. If you feel the buzz walking in the busy streets of Andheri and Churchgate, you can chill on the Juhu Beach. The city of Mumbai has a wide range of emotions and experiences to feel upon. But staying true to the repute of a financial capital, Mumbai is a home to a large number of corporates that work day and night to stay ahead in the intensely competitive world. The city never sleeps, a line you would have heard many-a-times discussing Mumbai. This can be exhibited from the rocking nightlife and the round-the-clock walk at Gateway of India, one of the most picturesque monuments of India.

There can be many wishes to realize when you land up in Mumbai. The wishes would require you to strike a bonhomie with a bank that can meet your daily financial needs. If you are staying in Mumbai and looking for a bank to get your needs fulfilled, you can think of joining the ship of Axis Bank, the third largest private sector bank with more than 3,000 ATMs and 13,000 branches across the country. Mumbai accounts for about 200 branches that are located at almost every touch point of the city. The people here are availing a myriad of Axis Bank’s loans and deposits to serve their requirements.

Out of the many loans offered by the bank, the car loan is one that can capture your imagination like a duck takes to water. Driving a car into the buzzing streets of Mumbai could well be your way out to say ‘No’ to the physically demanding commuting option of the local trains. If you think Axis Bank car loan is only for those who want the new cars to make its way to their parking lot, you are in a myth. Even the used cars are financed by the bank. Both new and used cars can be availed at attractive interest rates from Axis Bank in Mumbai. Apart from the interest rates, the simple processing and easy documentation enable the bank to win the confidence of the Mumbaikars.

Axis Bank Car Loan Mumbai at a Glance

Eligibility Criteria

For the car loan application to be approved by Axis Bank in Mumbai? You need to be in line with the pointers below.

• 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 Mumbai

Axis Bank Car Loan Mumbai Branches