Axis Bank Used Car Loan

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Are you planning to buy a pre-owned car? Got your eye on the latest high-end sedan? Or, perhaps you are looking for something more practical - a small hatchback with five doors and four seats. Either way, there are numerous choices when it comes to buying a used automobile. If you want to purchase a used car or finance loans on your existing vehicle, applying for an Axis Bank Used Car Loan should be your first step. With Axis Bank Used Car Loan, you can avail yourself Up to 95% of the valuation amount(sale-purchase or used car loan) Up to 85% of the valuation amount(refinance loan), at attractive interest rates.

Right Document : Easy Process

Required Documents to Apply for Axis Bank Used Car Loan

Salaried Person

  • KYC of applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant
  • Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant
  • RC of CAR
  • Insurance Copy
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented

Self Employed

  • KYC of applicant
  • Last 3 year ITR with computation of income of applicant
  • Last 3 year audited balance sheet of applicant if available
  • Last 3 year Tax audit report of applicant if applicable
  • Last 12 month Bank Statement of applicant
  • RC of CAR
  • Insurance Copy
  • Copy of GST registration if available
  • Copy of Last 12 month GST return if applicable
  • Sanction letter of all running loan
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership Firm/LLP

About Axis Bank Used Car Loan

Axis Bank is a well-known private sector bank in India that provides a wide range of financial products and services, including used automobile loans. If you're thinking about buying a used car but need financing, Axis Bank's Used Car Loan could be a good alternative.

Axis Bank, a well-known name in the automobile loan industry, offers a diverse range of customized goods and services to cater to the diverse tastes of people. The bank's adaptive, open, efficient, and inexpensive loan procedure has helped it rank among the top five vehicle finance companies in India. Axis Bank holds 9% of the car loan industry, which is crowded with major, mid-sized, and small financing organizations, including both banks and non-banking financial institutions (NBFCs).

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Let us take an example, How EMI is being calculated

YearPrincipal
(A)
Interest
(B)
Total Payment
(A + B)
BalanceLoan Paid To Date
2022₹ 83,031₹ 38,627₹ 1,21,658₹ 9,16,9698.30%
Jul₹ 13,610₹ 6,667₹ 20,276₹ 9,86,3901.36%
Aug₹ 13,700₹ 6,576₹ 20,276₹ 9,72,6902.73%
Sep₹ 13,792₹ 6,485₹ 20,276₹ 9,58,8984.11%
Oct₹ 13,884₹ 6,393₹ 20,276₹ 9,45,0145.50%
Nov₹ 13,976₹ 6,300₹ 20,276₹ 9,31,0386.90%
Dec₹ 14,069₹ 6,207₹ 20,276₹ 9,16,9698.30%
2023₹ 1,76,332₹ 66,985₹ 2,43,317₹ 7,40,63725.94%
Jan₹ 14,163₹ 6,113₹ 20,276₹ 9,02,8059.72%
Feb₹ 14,258₹ 6,019₹ 20,276₹ 8,88,54811.15%
Mar₹ 14,353₹ 5,924₹ 20,276₹ 8,74,19512.58%
Apr₹ 14,448₹ 5,828₹ 20,276₹ 8,59,74614.03%
May₹ 14,545₹ 5,732₹ 20,276₹ 8,45,20215.48%
Jun₹ 14,642₹ 5,635₹ 20,276₹ 8,30,56016.94%
Jul₹ 14,739₹ 5,537₹ 20,276₹ 8,15,82118.42%
Aug₹ 14,838₹ 5,439₹ 20,276₹ 8,00,98319.90%
Sep₹ 14,937₹ 5,340₹ 20,276₹ 7,86,04621.40%
Oct₹ 15,036₹ 5,240₹ 20,276₹ 7,71,01022.90%
Nov₹ 15,136₹ 5,140₹ 20,276₹ 7,55,87424.41%
Dec₹ 15,237₹ 5,039₹ 20,276₹ 7,40,63725.94%
2024₹ 1,90,967₹ 52,350₹ 2,43,317₹ 5,49,67045.03%
Jan₹ 15,339₹ 4,938₹ 20,276₹ 7,25,29827.47%
Feb₹ 15,441₹ 4,835₹ 20,276₹ 7,09,85729.01%
Mar₹ 15,544₹ 4,732₹ 20,276₹ 6,94,31330.57%
Apr₹ 15,648₹ 4,629₹ 20,276₹ 6,78,66532.13%
May₹ 15,752₹ 4,524₹ 20,276₹ 6,62,91333.71%
Jun₹ 15,857₹ 4,419₹ 20,276₹ 6,47,05635.29%
Jul₹ 15,963₹ 4,314₹ 20,276₹ 6,31,09436.89%
Aug₹ 16,069₹ 4,207₹ 20,276₹ 6,15,02538.50%
Sep₹ 16,176₹ 4,100₹ 20,276₹ 5,98,84840.12%
Oct₹ 16,284₹ 3,992₹ 20,276₹ 5,82,56441.74%
Nov₹ 16,393₹ 3,884₹ 20,276₹ 5,66,17243.38%
Dec₹ 16,502₹ 3,774₹ 20,276₹ 5,49,67045.03%
2025₹ 2,06,817₹ 36,499₹ 2,43,317₹ 3,42,85265.71%
Jan₹ 16,612₹ 3,664₹ 20,276₹ 5,33,05846.69%
Feb₹ 16,723₹ 3,554₹ 20,276₹ 5,16,33548.37%
Mar₹ 16,834₹ 3,442₹ 20,276₹ 4,99,50150.05%
Apr₹ 16,946₹ 3,330₹ 20,276₹ 4,82,55551.74%
May₹ 17,059₹ 3,217₹ 20,276₹ 4,65,49553.45%
Jun₹ 17,173₹ 3,103₹ 20,276₹ 4,48,32255.17%
Jul₹ 17,288₹ 2,989₹ 20,276₹ 4,31,03556.90%
Aug₹ 17,403₹ 2,874₹ 20,276₹ 4,13,63258.64%
Sep₹ 17,519₹ 2,758₹ 20,276₹ 3,96,11360.39%
Oct₹ 17,636₹ 2,641₹ 20,276₹ 3,78,47762.15%
Nov₹ 17,753₹ 2,523₹ 20,276₹ 3,60,72463.93%
Dec₹ 17,872₹ 2,405₹ 20,276₹ 3,42,85265.71%
2026₹ 2,23,983₹ 19,334₹ 2,43,317₹ 1,18,86988.11%
Jan₹ 17,991₹ 2,286₹ 20,276₹ 3,24,86267.51%
Feb₹ 18,111₹ 2,166₹ 20,276₹ 3,06,75169.32%
Mar₹ 18,231₹ 2,045₹ 20,276₹ 2,88,52071.15%
Apr₹ 18,353₹ 1,923₹ 20,276₹ 2,70,16772.98%
May₹ 18,475₹ 1,801₹ 20,276₹ 2,51,69174.83%
Jun₹ 18,598₹ 1,678₹ 20,276₹ 2,33,09376.69%
Jul₹ 18,722₹ 1,554₹ 20,276₹ 2,14,37178.56%
Aug₹ 18,847₹ 1,429₹ 20,276₹ 1,95,52380.45%
Sep₹ 18,973₹ 1,303₹ 20,276₹ 1,76,55082.34%
Oct₹ 19,099₹ 1,177₹ 20,276₹ 1,57,45184.25%
Nov₹ 19,227₹ 1,050₹ 20,276₹ 1,38,22486.18%
Dec₹ 19,355₹ 921₹ 20,276₹ 1,18,86988.11%
2027₹ 1,18,869₹ 2,789₹ 1,21,658₹ 0100.00%
Jan₹ 19,484₹ 792₹ 20,276₹ 99,38590.06%
Feb₹ 19,614₹ 663₹ 20,276₹ 79,77292.02%
Mar₹ 19,745₹ 532₹ 20,276₹ 60,02794.00%
Apr₹ 19,876₹ 400₹ 20,276₹ 40,15195.98%
May₹ 20,009₹ 268₹ 20,276₹ 20,14297.99%
Jun₹ 20,142₹ 134₹ 20,276₹ 0100.00%