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- FIXED DEPOSIT
  
  Domestic General (1 Yr < 1 Yr 5 D)
  
  Domestic General (13 Mts < 14 Mts)
  
  Domestic Sr. Citizen (1 Yr < 1 Yr 5 D)
  
  Domestic Sr. Citizen (13 Mts < 14 Mts)
  
  NRE (1 Yr < 1 Yr 5 D)
  
  NRE (13 Mts < 14 Mts)
  
  Less than 2Cr
  
  7.30%
  
  7.35%
  
  7.95%
  
  8.00%
  
  7.30%
  
  7.35%
  
  2Cr to Less than 5Cr
  
  7.50%
  
  7.50%
  
  8.15%
  
  8.15%
  
  7.50%
  
  7.50%
  
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- LOANS
  
  Home Loan(upto Rs 30 Lac) (Floating)
  
  Loan Against Property(Floating)
  
  Personal Loan
  
  New Car Loan
  
  MCLR+0.00% - 8.90%* p.a
  
  11.35% - 12.45%* p.a
  
  15.5% - 24%
  
  9.25% -11.50%
  
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- SAVINGS ACCOUNT
  
  3.5% - 6%
  
  Know More
- FOREIGN CURRENCY EXCHANGE RATE
  
  Know More
- MCLR
  
  KNOW MORE
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Commercial Loans

New Commercial Vehicle &
Construction Equipment Loan

Drive to a better future with loans for your commercial vehicle and construction equipment needs.

LOCATE NEAREST BRANCH

Commercial Vehicle Construction Equipment

High LTV Ratio

Upto 100% calculated on Net Invoice Value of the vehicle/Asset

Low Interest Rates

Starting at just 10.25%

Maximum Tenure

5 years

Loan for Multiple Needs

Loan can be used to buy different products manufactured by various big and small manufacturers

Features and Benefits

What are the security / collateral to be offered from my end?

The vehicle/Asset is hypothecated to Axis Bank and lien is marked in favour of Axis Bank on the Registration Certificate, Final Invoice and Insurance Policy.

What is the rate of interest?

The lending rates vary on the basis of discounts which are offered by manufacturers and dealers. Our Bank has a tie-up with all leading manufacturers and authorised dealers. Our sales team would help you negotiate the best rate on your loan

Which are the Vehicles/Assets financed by Axis Bank?

Axis Bank finances most of the Commercial Vehicles and Construction equipment’s which are available in India.

Can I Sell the Vehicle/Asset before I repay the loan?

No, you cannot sell the Vehicle/Asset unless your loan account has zero outstanding. A NOC is required from the bank before you can sell the Vehicle/Asset

Is the Vehicle/Asset Loan being offered at fixed or floating rate of interest?

Axis Bank Vehicle/Asset Loans are offered at fixed rate of interest, i.e., the interest rate remains unchanged for the tenure of the loan

What are the different modes of repaying my loan?

You can repay the loan by depositing Post dated Cheques. If you are an Axis Bank account holder, you can opt for direct debit (standing instruction) of your savings account. ECS, Electronic Clearing Service debit mandate is other mode of repayment by which your bank account gets debited for the loan repayment on a specific date in a month.

Kindly advice the best option for ECS or PDC or SI?

The choice is completely yours. However, from customer ease perspective, most of our customers today opt for Direct Debit instructions such as Standing Instructions Electronic Clearing Services. Please note that there is nominal charge in case you wish to change to either of the repayment mode. Please visit your retail asset centre to assist you on the same. ECS facility will enable direct debit of your bank account every month on the specific instruction.

How can I get information on my loan account?

You can contact the nearest RAC centre for any queries .To address your Queries, a customer service representative is available in each RAC. Please mention your loan account number and contact details and e-mail id in all your correspondence.

What happens if my cheque bounces?

Dishonouring a cheque is a criminal offence making you liable for legal action and your credit profile could also be seriously damaged. Apart from that you need to pay the bouncing charges as well

What happens after I have paid the last EMI?

After the last payment is made, you can get the lien of the bank on your Commercial Vehicle and Construction Equipment Loan cancelled. You will be issued a loan closure letter by the bank along with Form 35 and NOC to the RTO for cancelling the lien from the R/C book. A similar NOC will also be issued to the insurance company requesting for the deletion of their lien from the policy.