Axis Bank Car Loan in New Delhi

Last Updated : Jan. 11, 2019, 5:52 p.m.

About Axis Bank Car Loan New Delhi

New Delhi and you dash off to the shops offering you ‘Dahi Walle’ and many more delicacies. Coming to the city and the vibrancy gets exuded from the popular forts like Lal Quila, Qutub Minar, etc. Being the capital of the country, New Delhi attracts a lot of travellers to witness picturesque sights as well as the immigrants from different states to earn their livelihood. Both government and corporate offices are spread across the city’s landscape and so as the coverage of banks here.

While searching the banks, you could find the branches of Axis Bank along the busy streets of New Delhi. It is the third largest private sector bank, whose 70% equity rests with the mutual fund institutions, Foreign Institutional Investors (FIIs), corporate & individual investors. The remaining 30% is being held by PSU giants like Oriental Insurance Company Ltd., New India Assurance Company Ltd., and United India Insurance Company Ltd.

The New Delhi branches have specific representatives for different departments of the bank, helping it to take on board the new clients while retaining the old ones at the same time. One of the many products offered by the bank is your favourite car loan offer, which you can avail for both new and used cars. The affordable interest rates backed up with seamless processing and easy documentation make the 1994-founded Axis Bank an ideal option for your car loan journey. The tenure offered by the bank on its car loan is long enough to repay the credit. The eligibility norms are also simple to meet. The bank keeps car loan option open for all as both salaried and self-employed can walk all the way with their application to the branches or even go online for the very purpose.

Axis Bank Car Loan New Delhi at a Glance

Eligibility Criteria

Your car loan approval by Axis Bank in New Delhi 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 New Delhi

Axis Bank Car Loan New Delhi Branches