Owing a car is a milestone, a financial goal, which most individuals envision accomplishing. Owning a car is a symbol of success! Moreover, it is an emotional goal almost every family enjoys going on a long drive with loved ones in their own car. And this is true even in the age of cab aggregators.

Today, buying a dream car is almost within your reach irrespective whether you are salaried or self-employed. You don’t need to be wealthy enough or save a fair amount of money to buy your first car, unlike a couple of decades ago. You can simply avail a new Car Loan and drive in your dream car sooner.

You can get a pre-approved car loan, depending on your income and credit score, but subject to maximum loan tenure and the loan amount.

Axis Bank offers Car Loans at an attractive rate of interest, low processing fee, a repayment tenure of upto 8 years, and higher loan-to-value ratio (100% on-road price funding on certain models) to purchase a new car. The Car Loan is offered even to proprietorship firms, partnership firms, companies, trusts and societies.

To make the loan repayment comfortable, you have the EMI (Equated Monthly Instalment) facility. So, before you apply for a Car Loan, as a prudent loan planning exercise, make it point to assess how much would be the EMI on your Car Loan.