Axis Car Loan Interest Rates
Axis Car Loan Interest Rates
| Rate of Interest (fixed) | 9% to 11.50% |
| Processing Fee | Rs. 3500 - Rs. 5500 |
| Loan Amount | Above Rs. 1 lakh |
| Documentation Charges | Rs. 300 |
| Late repayment Penalty | For every month, 2% is charged |
| Part Payment Charges | 5% of the part payment amount. In addition to this, GST is also charged. This is allowed twice in the loan calendar year and once in the loan calendar month. |
| Foreclosure charges | 5% of the outstanding principal. In addition to this, GST is charged. |
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