Is your dream car still a dream, Axis Bank’s Power Drive will help realize your dream. With some of the world’s finest cars now available in India don’t let the price tags discourage you. Power Drive will bridge that distance by financing a major part of the cost of your new car. So, you don’t have to put the brakes on your ambition.
- Loan value calculated as per the on-road-price of the vehicle
- Attractive interest rates
- LTV of upto 85% of the on-road-price on selected models
- Loans available for salaried and self employed individuals, proprietorships and partnership firms
- Special schemes for Axis Bank Salary accountholders
- No income proof schemes available
- Loans offered from Rs. 1 lac onwards
- Loans tenure from 1 year to 7 years.
Axis Bank’s Power Drive (Car Loan) Eligibility:
Salaried Individuals
- Minimum age of applicant: 21 years
- Maximum age of applicant at loan maturity: 58 years
- Income: Minimum income of Rs. 1 Lac p.a. for selected models and Rs. 2 Lac p.a. for others
- Income eligibility: As per latest salary slip or Form 16
- Employment: Minimum 2 yrs cumulative experience.
Self-employed Individuals
- Minimum age of applicant: 21 years
- Maximum age of applicant at loan maturity: 65 years
- Income: Minimum income of Rs. 1 Lac p.a. to Rs 2 Lac p.a. as per the category of the car being financed
- Income eligibility – As per latest ITR and computation of income
- Employment: Minimum 3 yrs cumulative experience in business.
