Axis Bank vehicle loans compared
Every vehicle loan Axis Bank offers, with the figures it publishes. Where a figure is not published, ask for it in the Key Fact Statement before you apply.
| Loan | Published rate | Max tenure | Funding |
|---|---|---|---|
| Car Loan | 8.90% - 11.70% | Up to 8 years | Up to 100% of on-road price |
| Used Car Loan | Not published | Up to 60 months | Up to 100% of the used car's value |
| Two-Wheeler Loan | 10% - 28% | 12-48 months | Up to 100% of on-road price |
| Commercial Vehicle Loan | Not published | Not published | Not published |
| Tractor Loan | Not published | Not published | Not published |
What kind of lender Axis Bank is
Axis Bank is a private sector bank. Private banks tend to approve and disburse quickly, often digitally or at the dealership, and cover a wide range of credit profiles. The spread between their lowest and highest rates can be wide, so the rate you are offered depends heavily on your credit score, income and the vehicle.
Private-sector bank offering new and used car, two-wheeler, commercial vehicle and tractor loans, with up to 100% on-road funding on new cars.
How to apply for an Axis Bank vehicle loan
- Check whether you have a pre-approved offer in your net banking or app; existing customers often get one.
- Get the dealer's proforma invoice with the on-road price.
- Apply online or at a branch with KYC, income proof and the invoice.
- Compare the Key Fact Statement with at least one other lender before accepting.
- After sanction the bank pays the dealer; its hypothecation is noted on the RC until the loan is closed.
Before you sign
- Get the Key Fact Statement (KFS). RBI requires lenders to give you a KFS before you sign, showing the interest rate, all fees, the annual percentage rate (APR) and the total amount you will repay.
- Compare the APR, not the headline rate. A low rate with a high processing fee can cost more than a slightly higher rate with no fee.
- Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
- Check what is bundled. Insurance, extended warranty or accessories added to the loan raise the amount you pay interest on. You are free to buy insurance elsewhere.
- Make sure the hypothecation is recorded and later removed. The lender's name is noted on the registration certificate; after the last EMI, collect the NOC and get it removed at the RTO.
Compare with other lenders
Other vehicle loans from Axis Bank:
Frequently asked questions
Which vehicle loans does Axis Bank offer?
Car loan, used car loan, two-wheeler loan, commercial vehicle loan, tractor loan, according to its website (checked 4 October 2026).
What is Axis Bank's lowest vehicle loan rate?
8.9% a year on its car loan, as published. Rates depend on your profile and can change.
Is Axis Bank safe to borrow from?
Axis Bank is regulated by the Reserve Bank of India. Apply only through its official website, app, branches or authorised dealers, and never pay an upfront fee to an agent.
Do I need an account with Axis Bank to get a vehicle loan?
Usually not, but existing customers often get faster approval and sometimes a better rate or a pre-approved offer.
How do I compare Axis Bank with other lenders?
Ask each lender for the Key Fact Statement and compare the APR and total repayable amount, not just the headline rate. Our lender comparison lists the published figures side by side.
KhatuLoans is not a lender and is not paid by the lenders or brands named here to rank them. Rates, fees and prices change; always confirm with the lender and dealer. Read our editorial policy and how we make money.