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- 24x7 Instant Loan
- 24x7 Car Loan Top Up
Get that new accessory you’ve been waiting for
with 24x7 Car Loan Top Up
Digital, Instant and Simple
Apply NowDocument-free loan
Cash loan facility
Minimum loan amount ₹20,000
24x7 Car Loan Top Up
Car loan top up is additional fund granted to applicants against their existing car loan thus the rates for these also tend to be more favourable than unsecured loans. These funds may be used to upgrade your existing car or cater to any other need. With 24x7 car loan top up, Axis Bank helps you secure the same facility without having to visit the bank’s branch. So, whether you are considering the refurbishment of your house or car, consider opting for a 24x7 car loan top up
Features & Benefits
Instant disbursal
Avail instant credit of funds if you have a pre-qualified top-up offer on your existing car loan with Axis Bank.
Get high-value loans
Obtain loan amount of up to ₹25 lakhs.
Anytime. Anywhere
No restriction on time or place when applying for the loan. Do it online in an effortless manner.
Use the loan as you wish
You can use the loan to meet any personal and business requirements. T&C Apply.
Interest Rates & Charges
Interest rates & charges for 24x7 car loan top up
| Loan Tenure | 1 Yr MCLR | Spread over MCLR | Effective ROI Range | Processing Fee | Documentation Charges |
|---|---|---|---|---|---|
| Up to 38 months | 8.80% | 6.70% - 8.70% | 15.50% -17.50% | 2% + GST of loan amount | ₹700 |
| Over 38 months | 8.80% | 4.20% - 6.20% | 13.00% -15.00% | 2% + GST of loan amount | ₹700 |
24x7 car loan top up charges
At Axis Bank, we offer 24x7 car loan top up at highly competitive interest rates and minimal processing charges, which are completely transparent. Find out the 24x7 car loan top up charges below.
| Sr. no | Type | Charges |
|---|---|---|
| 1 | Cheque/ECS/NACH Bounce / Instrument return charges | ₹339/- per instance |
| 2 | Cheque / Instrument swap charges | ₹500/- per instance |
| 3 | Duplicate statement issuance charges | ₹250/- per instance |
| 4 | Duplicate repayment schedule issuance charges | ₹250/- per instance |
| 5 | Duplicate no dues certificate / NOC | ₹50/- per instance |
| 6 | Penal charges | ^Financial default: 8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance) |
| 7 | Loan cancellation / Re-booking | ₹550/- per case |
| 8 | Foreclosure/Part payment closure | 5% of the principal outstanding |
| 9 | Stamp duty | Actual cost |
| 10 | Issuance of credit report | ₹50/- per instance |
| 11 | Documentation charge | ₹700/- |
| 12 | Registration certification collection charge | ₹250/- per instance |
| 13 | Valuation charges | ₹590/- (inclusive of GST) ₹1,180/- (inclusive of GST) if the loan amount is >=25 lacs |
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
^Financial Default includes all types of payment or financial defaults/irregularities with respect to your Loan Account. There shall be no capitalisation of Penal Charges.
Eligibility for 24*7 car loan top-up
Eligibility is determined as per bank's internal policies.
Documentation for 24*7 car loan top-up
Salaried Individuals
- Application Form
- KYC Documents
- Income Proof: Latest 2 Salary Slips & Form 16
- Bank Statement for the last 3 months
- Age Proof: PAN Card, DL, Passport or Birth Certificate
- Sign Verification Proof: PAN Card or Passport / Banker’s Verification
- Employment Continuity Proof: Appointment Letter, ITR or Form 16
Self-employed individuals
- Application Form
- KYC Documents
- Income Proof: Latest ITR
- Bank Statement for the last 3 months
- Age Proof: PAN Card, DL, Passport or Birth Certificate
- Sign Verification Proof: PAN Card or Passport / Banker’s Verification
- Employment Continuity Proof: Sales Tax / VAT / Shop Registration
Partnership firms / trust / societies
- Application Form
- KYC Documents
- Income Proof: Audited Balance Sheet, P&L, and latest 2 years’ ITR
- Bank Statement for the last 3 months
- Age Proof: PAN Card / Authority Letter by Partners
- Sign Verification Proof: Authority Letter & Board Resolution
- Employment Continuity Proof: Sales Tax / VAT / Shop Registration
Private / Limited companies
- Application Form
- KYC Documents
- Income Proof: Audited Balance Sheet, P&L, and latest 2 years’ ITR
- Bank Statement for the last 3 months
- Age Proof: PAN Card / Board Resolution
- Sign Verification Proof: List of Directors & Shareholding Pattern
- Employment Continuity Proof: Certificate of Commencement of Business
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