Get easy funding with Axis Bank’s Pre-owned Car Loan and
avail a loan amount starting from Rs. 1 Lakh up to 85% of the
valuation amount of the pre-owned car.
Interest Rates and Charges
For Loans with tenure up to 36 months
| 1 Yr MCLR |
Spread over MCLR |
Effective ROI |
Reset |
Processing Fee |
Documentation Charges |
| 8.90% |
6.10%- 8.10% |
15.0% - 17.0% |
No Reset |
Rs 6000 or 1% of loan amount, whichever is lower. |
Rs. 500 |
For Loans with tenure more than 36 months
| Tenure |
Effective ROI |
Processing Fee |
Documentation Charges |
| More than 36 months |
15.0% -17.0% |
Rs 6000 or 1% of loan amount, whichever is lower. |
Rs 500 |
Pre-owned Car Loan Car Charges
There are certain charges associated with the Pre-Owned Car Loan which are minimal and completely transparent .
Here's what you have to pay:
| Sr. no |
Type |
Charges |
| 1 |
Cheque Bounce / Instrument Return Charges |
Rs. 500 per instance |
| 2 |
Cheque / Instrument Swap Charges |
Rs. 500 per instance |
| 3 |
Duplicate Statement Issuance Charges |
Rs. 500 per instance
|
| 4 |
Duplicate Repayment Schedule Issuance Charges |
Rs. 500 per instance |
| 5 |
Duplicate No Dues Certificate / NOC |
Rs. 500 per instance |
| 6 |
Penal Interest |
2% per month |
| 7 |
Loan cancellation / Re-booking |
Rs. 2,500/ instance |
| 8 |
Foreclosure Charges |
5% of the Principal Outstanding |
| 9 |
Part Payment charges |
5% of the Part Payment amount |
| 10 |
Stamp Duty |
At actuals |
| 11 |
Issuance of Credit Report |
Rs. 50 per instance |
| 12 |
Documentation Charge |
Rs 500/ Instance |
| 13 |
Registration Certification Collection Charge |
Rs 200/ Instance |
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
|
