Vehicle Loan

If you have a dream car or motorcycle, go for it. We will back you in your journey to happiness in life!

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Key Highlights

Low Interest Rates

Competitive interest rates starting at 10%.

Completely Digital

Paperless online process

Balance Tansfer Facility

Balance transfer of existing Personal Loans at affordable rates.

Liquidity in times of emergency

No penalty for senior citizens on early withdrawal

Flexible Tenure

Starting from 12 months to 60 months

Guaranteed Returns

Fixed deposits offer assured and stable returns

Charges on Personal Loan

The Schemes mentioned in this page is for your information of our popular Vehicle loan Schemes.

Fees

Amount

Remarks

Processing fees

Upto 4%

Collected at the time of loan disbursal

Charges on delayed payments/defaults

2% of the unpaid EMI or Rs 300 whichever is higher

EMI bounce charges

Rs. 400

Charged per cheque bounce

Have a question or want more information? We are here to help!

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Vehicle Loan FAQ’s

Please go through our FAQ section to find out more.

Apply online through this website or visit the nearest branch. You may also call us anytime. After we receive your completed application along with necessary documents like income proof, identity proof and purchase invoice we will carry out the processing of your loan.

You can choose either of 1) Standing Instruction which can be done if you have an existing savings, salary or current account with us. We will debit your EMI amount automatically at the end of the month from your account. 2) Electronic Clearing Service which can be used if you have a non-Axis Bank account or 3) Post-dated Cheques.

Your vehicle itself is used as collateral. It will be hypothecated to our bank for the duration of the loan period. No other security or collateral is required.

There should not be any outstanding dues before foreclosure. Once you submit a foreclosure request with us, we will begin processing your request. A few charges are applicable.