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To avail exciting offers on your existing Car Loan
Get a Call Back EMI CalculatorTired of high EMIs and limited options? Transfer your existing car loan from any bank to Axis Bank at attractive interest rates and get a top-up on your original loan amount! Use it for anything you want — travel, upgrades, or personal needs.
Up to 170% of the original loan amount
You can use the loan to meet any personal* and business* needs. T&C apply.
Salaried individuals
Self employed individuals
| Documents Required | Individual Cases | Non-Individual Cases | ||
|---|---|---|---|---|
| Salaried | Self Employed | Partnership Firm/ Trust/ Society | Private Limited/ Limited Companies | |
| Office / Business Proof | NA | Telephone Bill/ Electricity Bill/ Shop & Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement/ Regd Lease with other Utility Bills | NA | |
| Income Proof | Latest 2 Salary Slips & Latest Form 16 | 1. Latest ITR | Audited Balance Sheet/ P&L Account & ITR for latest 2 years | |
| Bank Statement | Latest 3 months Bank Statement | Latest 3 months Bank Statement | ||
| Age Proof | PAN / Driving Licence/ Passport/ Birth Certificate | NA | ||
| Sign Verification Proof | PAN / Passport/ Bankers Verification | NA | ||
| Employement / Business Continuity Proof | Copy of Appointment Letter/ Date of Joining on Salary Slip/ ITR of Form 16/ Work Experience Certificate/ Relieving letter | Shop & Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement | Shop & Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement | |
| Additional Documents | NA | PAN Cards/ Authority Letter by all partners & Board Resolution for Trust / Society | List of Directors & Shareholding Patter/ PAN Card/ Board Resolution/ Certificate of Commencement of Business for Ltd. Co. | |



Find out the rates for transferring your car loan or getting a top-up
For Loans with tenure up to 36 months
| 3 Yr MCLR | Spread over MCLR | Effective ROI | Reset | Processing Fee | Documentation Charges |
|---|---|---|---|---|---|
| 8.85% | 6.05% - 7.05% | 14.90% - 15.90% | No Reset | 1% of loan amount | ₹700/- |
For Loans with tenure over 36 months
| Effective ROI | Processing Fee | Documentation Charges |
|---|---|---|
| 14.90% - 15.90% | 1% of loan amount | ₹700/- |
ROI would vary basis loan amount and vehicle model selected.
At Axis Bank, we offer balance transfer and top up car loan at highly competitive interest rates and minimal processing charges which are completely transparent. Find out the balance transfer and top up car loan charges below.
| Sr. no | Type | Charges |
|---|---|---|
| 1 | Repayment Instruction/instrument Return Charges | ₹500 per instance + GST as applicable |
| 2 | Duplicate Statement Issuance Charges | ₹250 per instance + GST as applicable |
| 3 | Duplicate Repayment Schedule Issuance Charges | ₹250 per instance + GST as applicable |
| 4 | Duplicate No Dues Certificate / NOC | ₹250 per instance + GST as applicable |
| 5 | Loan Cancellation / Booking Charges | ₹ 550/- per case + GST as applicable |
| 6 | Stamp Duty | At Actuals |
| 7 | Issuance of Credit Report | ₹50/- per Instance + GST as applicable |
| 8 | Service Charge/ Processing fees | Up to 2% of the loan amount + GST as applicable |
| 9 | Penal Charges (No GST) | ^Financial Default: 8% p.a. on the overdue amount (subject to aggregate penal charges not exceeding ₹1,00,000 (INR One lakh) per instance), subject to minimum of ₹300. There shall be no capitalisation of Penal Charges. In addition to the penal charge, the borrower will be required to pay the regular interest on overdue EMI / overdue interest/overdue principal which would be charged at contracted or applicable interest rate for the days it remains overdue. |
| 10 | Material Terms & Conditions | Financial Default: 1. Non-payment Of interest / installment on due date 2. Financial Default also includes all types of payment or financial defaults/irregularities with respect to the Loan Account |
| 11 | Cheque Swapping Charges | ₹500 per instance + GST as applicable |
| 12 | Documentation Charges | ₹700/- + GST as applicable |
| 13 | Registration Certificate Collection Charges | ₹600/- per Instance + GST as applicable |
| 14 | ROC Charge Creation Fee | ₹2500/- per Instance + GST as applicable |
| 15 | Foreclosure Charges | 5% Of the Principal Outstanding + GST as applicable. Foreclosure charges are not applicable for fixed rate loans up to ₹ 50 lakhs to Micro and Small Enterprise (MSE). No Lock-in period for foreclosing the loan |
| 16 | Part-Payment Charges | 5% on the amount being prepaid + GST as applicable. Part Payment charges are not applicable for fixed rate loans up to ₹ 50 lakhs to Micro and Small Enterprise (MSE). No Lock-in period for making part payment of the loan |
| 17 | Valuation Charges (Applicable for Used Car Only) | ₹ 750/- per Instance + GST as applicable |
Note: All of the above charges are subject to change as per the Bank's discretion from time to time
Axis Bank offers special benefits to privileged customers, with fast processing and minimal documentation. The top-up loan can be used for any personal* or business* needs. T&C apply.
Axis Bank provides up to 170% of original loan amount as balance transfer and top up loan.
Any pre-payment or excess amount paid by you to the bank will be appropriated in the loan account according to the following criteria/methodology in the absence of specific instructions from you:
a. Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.
b. Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account.
c. Excess amount less than (<) EMI: Excess amount will be kept unappropriated in the Loan account for 15 days. Post 15 days, the excess funds shall be adjusted towards principal outstanding as a part payment.
d. Excess amount equal to (=) or greater than (>) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and:
1. Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank.
2. Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows:
i. If excess amount is up to ₹20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account.
ii. If excess amount is greater than ₹20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account.
e. Excess amount less than (<) the foreclosure amount: In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account, then excess amount will be adjusted against the outstanding principal, leaving an amount equivalent to one EMI for forthcoming EMI presentation. However, in case you would like the entire amount to be adjusted against the outstanding principal, please place a request at Phone Banking / Loan Centre at the earliest.
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