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Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank today is capitalized to the extent of Rs. 358.56 crores with the public holding (other than promoters) at 57.60%. The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. Presently, the Bank has a very wide

network of more than 701 branch offices and Extension Counters. The Bank has a network of over 2854 ATMs providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.


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 and Priority accountholders
  • No income proof schemes available
  • Loans offered from Rs. 1 lac onwards
  • Loans tenure from 1 year to 7 years.

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. 60,000/- p.a. for selected models and Rs. 1 Lac p.a. for others
  • Income eligibility - As per latest ITR and computation of income
  • Employment: Minimum 3 yrs cumulative experience in business.

Documentation

Pre-approval Documents


    1. Age proof
    2. ID proof
    3. Application form
    4. Photograph
    5. Residence proof
    6. Income proof
    7. Bank statement
    8. Signature verification proof
    9. Proforma invoice

Post Sanction / Pre Disbursement Documentation

    1. Loan Agreement duly signed along with RTO set
    2. Post Dated Cheques (PDCs) / ECS form / Standing Instruction (SI) request
    3. Margin money receipt

Priority Account Scheme

Eligibility

All Priority customers, with a vintage of 12 months AND A minimum Average Quarterly Balance of Rs. 1 Lac for last 2 completed quarters will qualify under this scheme

Benefits


  • 100% Waiver of Processing Fees
  • Waiver of Income documents & bank statements

Salary A/c Scheme

Eligibility

  • All customers having their Salary A/c with Axis Bank since the past 3 months and above will qualify under this scheme
  • 30 times Average Net Salary Credited during last 3 months

Special Benefits

  • 100% Waiver of Processing Fees
  • Waiver of Salary Slips & Bank Statements


All other documentation and terms of the loan will remain the same.

Interest Rate

- coming soon -

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 and Priority accountholders
  • No income proof schemes available
  • Loans offered from Rs. 1 lac onwards
  • Loans tenure from 1 year to 7 years.

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. 60,000/- p.a. for selected models and Rs. 1 Lac p.a. for others
  • Income eligibility - As per latest ITR and computation of income
  • Employment: Minimum 3 yrs cumulative experience in business.

Documentation

Pre-approval Documents


    1. Age proof
    2. ID proof
    3. Application form
    4. Photograph
    5. Residence proof
    6. Income proof
    7. Bank statement
    8. Signature verification proof
    9. Proforma invoice

Post Sanction / Pre Disbursement Documentation

    1. Loan Agreement duly signed along with RTO set
    2. Post Dated Cheques (PDCs) / ECS form / Standing Instruction (SI) request
    3. Margin money receipt

Priority Account Scheme

Eligibility

All Priority customers, with a vintage of 12 months AND A minimum Average Quarterly Balance of Rs. 1 Lac for last 2 completed quarters will qualify under this scheme

Benefits


  • 100% Waiver of Processing Fees
  • Waiver of Income documents & bank statements

Salary A/c Scheme

Eligibility

  • All customers having their Salary A/c with Axis Bank since the past 3 months and above will qualify under this scheme
  • 30 times Average Net Salary Credited during last 3 months

Special Benefits

  • 100% Waiver of Processing Fees
  • Waiver of Salary Slips & Bank Statements


All other documentation and terms of the loan will remain the same.

Interest Rate

- coming soon -





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