To make the loan repayment comfortable, you have the EMI (Equated Monthly Instalment) facility. The Car Loan is offered even to proprietorship firms, partnership firms, companies, trusts and societies. You can get a pre-approved car loan, depending on your income and credit score, but subject to maximum loan tenure and the loan amount.Īxis Bank offers Car Loans at an attractive rate of interest, low processing fee, a repayment tenure of upto 7 years, and higher loan-to-value ratio (100% on-road price funding onĬertain models) to purchase a new car.
You can simply avail a new Car Loan and drive in your dream car sooner. You don’t need to be wealthy enough or save a fair amount of money to buy your first car, unlike a couple of decadesĪgo. Today, buying a dream car is almost within your reach irrespective whether you are salaried or self-employed.
