Car Loan

Dreaming of having your own car? The Axis Bank Car Loan helps you drive through the city in your own vehicle! Whether you need a Car Loan or prefer a pre-approved option, Axis Bank offers competitive interest rates to suit your needs. Axis Bank’s New Car Loan provides financing from ₹1 Lakh up to the full on-road price of your chosen vehicle, along with various benefits. It’s a good idea to use the Car Loan Calculator to estimate your EMI before applying online. With an Axis Bank New Car Loan, you can make your dream of owning a new car a reality.

Fast Loan Approvals

It is the fastest yet secured way to avail of a personal loan.

Easy To Apply

Minimum documentation, and simple to apply. Processing within a minute after applying.

Transparent

We shared all the information with the borrower and no hidden charges.

  1. Low EMI

  2. Higher Loan Amount

  3. Track Loans

  4. Approved Car loans

  5. Simplified Disbursement

  6. Low Processing Fee

  7. No Hidden Charges

  8. No Hidden Charges

Car Loan Documents Required

  • Two Passport Size Photographs.
  • Proof of Identification: (any one)

    > Election ID Card > Pan Card > Aadhar Card > Driving License > Photo Identity card issued by the current Employer > Passport.

  • Proof of Residence : (any one)

    > Electricity Bill > Election ID Card > Telephone Bill (Landline) > Aadhar Card > Driving License > Photo Identity card issued by the current Employer > Passport

  • For Salaried Persons

    >   Original/Certified copy of the latest salary slips for the past 3 months.
    >  Copies of IT returns of last 2 years duly acknowledged by IT Dept/IT assessment orders or Form 16 for last 2 years from the Employer.
    >  Undertaking from employer for remittance of monthly installment, wherever feasible.
    >  Bank Account (Salaried Account) statement for the last 6 months (in case of other Bank)

  • For Non-Salaried Class /Businessman /Professional

    > Latest 3 years of IT returns (2 years in case of Professionals) including computation of income, profit and Loss Account, Balance sheet, Audit Report etc.
    > Shop Establishment Act.
    > Tax Registration Copy
    > Company Registration License
    > Bank statement for past one year

  • Other documents as applicable as per scheme of loan

Car Loan Eligibility

 

How will Bank of Maharashtra decide the car loan amount i am eligible for?
Individual salaried employees/ self-employed professionals/Businessman / Agriculturist  /Companies and Corporate entities.

Calculate your Personal Loan EMIs