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Locate BranchesBalance Transfer and Top Up Car Loan
Are you still deliberating on ways you could own a car? Now get easy funding to buy the car you want with Balance Transfer and Top Up Car Loan. The benefits of Balance Transfer and Top Up Car Loan includes availing high value loans up to 150% of the original loan amount and enjoying a long tenure of up to 5 years.
Up to 150% of original loan amount
You can use the loan to meet any personal* and business* need. T&C apply.
For details kindly click here
All of the above is subject to Terms & Conditions.
Salaried individuals
Self employed individuals
Documents Required | Individual Cases | Non-Individual Cases | ||
---|---|---|---|---|
Salaried | Self Employed | Partnership Firm/ Trust/ Society | Private Limited/ Limited Companies | |
Office / Business Proof | NA | Telephone Bill/ Electricity Bill/ Shop & Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement/ Regd Lease with other Utility Bills | NA | |
Income Proof | Latest 2 Salary Slips & Latest Form 16 | 1. Latest ITR | Audited Balance Sheet/ P&L Account & ITR for latest 2 years | |
Bank Statement | Latest 3 months Bank Statement | Latest 3 months Bank Statement | ||
Age Proof | PAN / Driving Licence/ Passport/ Birth Certificate | NA | ||
Sign Verification Proof | PAN / Passport/ Bankers Verification | NA | ||
Employement / Business Continuity Proof | Copy of Appointment Letter/ Date of Joining on Salary Slip/ ITR of Form 16/ Work Experience Certificate/ Relieving letter | Shop & Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Stateme | Shop & Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Stateme | |
Additional Documents | NA | PAN Cards/ Authority Letter by all partners & Board Resolution for Trust / Society | List of Directors & Shareholding Patter/ PAN Card/ Board Resolution/ Certificate of Commencement of Business for Ltd. Co. |
For Loans with tenure up to 36 months
1 Yr MCLR | Spread over MCLR | Effective ROI | Reset | Processing Fee | Documentation Charges |
---|---|---|---|---|---|
9.30% | 6.3% -8.8% | 15.60%-18.10% | No Reset | 1% of loan amount | Rs. 700 |
For Loans with tenure over 36 months
Effective ROI | Processing Fee | Documentation Charges |
---|---|---|
15.60%-18.10% | 1% of loan amount | Rs 700 |
ROI would vary basis loan amount and vehicle model selected.
Balance Transfer and Top Up Car Loan Car Charges
At Axis Bank, we offer Balance Transfer and Top Up Car Loan at highly competitive interest rates and minimal processing charges which are completely transparent. Find out the Balance Transfer and Top Up Car Loan charges below.
Sr. no | Type | Charges |
---|---|---|
1 | Cheque/ECS/NACH Bounce / Instrument Return Charges | Rs. 339/- per instance |
2 | Cheque / Instrument Swap Charges | Rs. 500 per instance |
3 | Duplicate Statement Issuance Charges | Rs. 250/- per instance |
4 | Duplicate Repayment Schedule Issuance Charges | Rs. 250/- per instance |
5 | CDuplicate No Dues Certificate / NOC | Rs. 50/- per instance |
6 | Penal Charges | R^Financial Default: 8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance) |
7 | Loan cancellation / Re-booking | Rs. 550/- per case |
8 | CForeclosure/Part Payment Closure | 5% of the Principal Outstanding |
9 | Stamp Duty | At actuals |
10 | Issuance of Credit Report | Rs 50/- per instance |
11 | Documentation Charge | Rs 700/- |
12 | Registration Certification Collection Charge | Rs 250/- per instance |
13 | Valuation Charges | Rs 590(inclusive of GST) |
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
^Financial Default includes all types of payment or financial defaults/irregularities with respect to your Loan Account. There shall be no capitalisation of Penal Charges.
Pre-Payment charges are not applicable for fixed rate loans up to 50 lakhs to Micro and Small Enterprise (MSE)
Special offers to privileged customers with fast processing and minimum documentation required. The top up loan can be used for any personal* or business* use. T&C Apply.
Axis Bank offers up to 150% of the original loan amount as top up loan.
Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you:
Keep your Application ID starting with Cl or MLP or With Pan Card handy for smooth proccess.
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