Axis Bank Car Loan in Pune

Last Updated : Sept. 4, 2017, 5:17 p.m.

About Axis Bank Car Loan Pune

Come to Pune and the students will get a myriad of educational institutions to take an admission. The surrounding of these institutions has let Pune earn the Oxford of the East tag. The institutions not only inspire the domestic but even the international students. However, Pune is not only about education, it’s more than that. There are a large number of auto ancillary units as well as a wide range of IT companies. Being the second largest city of Maharashtra, Pune has been calling all those who want to work and have fun.

The IT city Pune also houses a large number of banks that aim to design products that help people accomplish their dreams. Since the count of the banks is huge in the city, you must choose the option carefully. Out of the many banks located in the city, a reliable and trusted option of Axis Bank is available. Ever since its foundation in 1994, the bank has an eye for innovation as it keeps developing new products and redesigning the existing ones to suit the taste of different customers.

The foundation of the bank was credited to the efforts of PSU bigwigs like Unit Trust of India Life Insurance Corporation (LIC), National Insurance Company Ltd., General Insurance Corporation (GIC). But now as we stand in the 21st Century, the stakeholding pattern changed with the Foreign Institutional Investors (FIIs), mutual fund institutions, individual and corporate holding the reins of Axis Bank. The combined stake is around 70%, while Oriental Insurance Company Ltd., United India Insurance Company Ltd., and New India Assurance Company Ltd having the remaining 30% stake.

Coming back to Pune, Axis Bank runs about 40-50 out of 3,000 branches that it has across the country. These branches offer a variety of financial products in both deposit and loan categories. The bank specializes in offering a customized car loan to suit the taste of consumers with varied levels of income in Pune. Car loans are available for buying both new and used vehicles. The lower interest rates, seamless processing and simple documentation process drifts any customer towards Axis Bank for their dream car realization.

Axis Bank Car Loan Pune at a Glance

Eligibility Criteria

Want to get your car loan application approved by Axis Bank in Pune? 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

Looking for additional information? Visit Car Loan Pune

Axis Bank Car Loan Pune Branches