(Use our Axis Bank Car Loan EMI Calculator to quickly and accurately plan your finances and find the best loan options.)
Below is a detailed breakdown of how your payments are distributed:
| 🗓 Month | 💸 Principal (P) | 💰 Interest (I) | 💳 Total (P+I) | 💼 Pending |
|---|
The COKDO Axis Bank Car Loan EMI Calculator is a valuable online tool that helps you estimate your monthly car loan payments. By entering the loan amount, interest rate, and tenure, you can quickly see your EMI obligations. This tool streamlines financial planning and aids in effective budgeting for your vehicle purchase.
It’s simple! Just follow these 3 easy steps.
Input the total amount you wish to borrow from Axis Bank for your car loan.
Enter the applicable interest rate for your car loan (typically ranging from 9% to 12%, depending on your credit score).
Select the repayment period, which can range from 1 year to 8 years.
The calculator will then show your monthly EMI, detailing the principal and interest components. This enables you to grasp the financial commitment and plan accordingly.
Our COKDO Axis Bank Car Loan EMI Calculator offers numerous advantages:
| Category | Eligibility Criteria |
|---|---|
| Salaried Individuals |
Minimum age: 21 years Maximum age at maturity: 60 years Minimum Net Annual Salary: Rs. 2,40,000 p.a. Minimum 1 year of continuous employment |
| Self-employed Individuals |
Minimum age: 18 years Maximum age at maturity: 65 years Minimum Net Annual Business Income: Rs. 1,80,000 p.a. for selected models Minimum 3 years in the same business |
| Self-employed Non-individuals |
Minimum Net Annual Business Income: Rs. 1,80,000 p.a. Minimum 3 years in the same business Income proof: Latest 2 years Income Tax Returns and audited financials |
| Priority Customers |
Vintage of 6 months Minimum Average Quarterly Balance (AQB): Rs. 1 Lakh for the last 2 quarters |
| Salary Customers |
Salary account with Axis Bank for at least 3 months Employed with approved organizations |
| Loan Tenure | ROI Range | Processing Fee | Document Charges |
|---|---|---|---|
| Up to 36 months | 9.30% - 14.10% | Rs. 3,500 - Rs. 12,000 | Rs. 700 |
| Over 36 months | 9.30% - 14.10% | Rs. 3,500 - Rs. 12,000 | Rs. 700 |
Note: The interest rate for customers depends on credit assessment and product variants.
| Document Category | Documents Required |
|---|---|
| KYC Documents |
Any one of the following: - Passport - Driving License - Aadhaar Card - Voter's ID - PAN Card |
| Date of Birth Proof |
Any one of the following: - Passport - Aadhaar Card with DOB - Birth Certificate - SSC Marksheet |
| Proof of Income (Salaried) |
- Latest 2 months pay slip - Latest 6 months bank statement showing salary credits - Latest 1 year's Form 16 |
| Proof of Income (Self-Employed) |
- 2 years ITR, P&L, Balance Sheet (with CA stamp) - 6 months bank statement (personal & business) - Business continuity proof (3 years) |
| Loan Agreement & Annexures |
- Loan application form - Disbursement request letter - Car purchase invoice or proforma |
| NACH Mandate / Security Cheques |
- NACH mandate with canceled cheque - 3 undated security PDCs - 1 undated cheque with blank amount |
| Insurance Details |
- Car insurance details - Life insurance (if applicable) |
| Sanction Letter |
- Duly accepted and signed by all applicants - All sanction conditions to be met |
| Other Documents |
- Proof of down payment - TDS challan & bank statement for tax deduction - CA Certificate or audited balance sheet for business applicants |
Plan your car purchase with confidence using the reliable and easy-to-use Axis Bank Car Loan EMI Calculator powered by COKDO. Get accurate EMI calculations instantly by entering your loan amount, interest rate, and tenure. This tool helps you understand your monthly payments clearly, making car financing simple and stress-free.
COKDO Axis Bank Car Loan EMI CalculatorFor General Queries: 1860-419-5555 / 1860-500-5555
Toll-Free Line: 1800-103-5577
Get in touch with us for all your banking needs. You can access your bank accounts, credit cards, loans, and more via our helpline.
These are the official customer care numbers for Axis Bank. Please avoid using any other numbers to prevent fraud.
Note: Charges may apply as per your service provider's tariff plan.