Axis
Car Loan
Applicant Type
-Salaried individuals with steady income, employed in reputed firms.
-Self-employed individuals typically need to explore business loan options.
-Self-employed individuals typically need to explore business loan options.
Employment
At least 6 months — applies to first-time borrowers
Age Limit
18 –80 years (at loan maturity)
Minimum Income
Minimum ₹20,000 per month (varies by city & profile)
Loan Amount
- New Car Loan: Up to ₹10 crore;
- Used Car Loan:Up to ₹10 crore
- Loan Against Car: Up to ₹77 lakh (for owned vehicle)
- Used Car Loan:Up to ₹10 crore
- Loan Against Car: Up to ₹77 lakh (for owned vehicle)
Credit Score
A good CIBIL score (700+) is preferred for quick approval
