Axis Bank (UTI Bank), Loans, Credit Cards, Accounts

If you are looking for secured financing such as financing for a home or a vehicle, this rate is generally lower than that of unsecured financing of a credit card or some personal loans. In any case, you will find that many lenders will provide you with an online quote of how much the financing will actually cost you. They will provide you with a quote as to how much of an interest rate you can qualify for. Do this with several lenders to find the lowest rate options for your need

Two Wheeler Loan from Axis Bank

Axis Bank’s Two Wheeler Loans could help realize your dreams. Whether you see it as an aspirational accomplishment or a necessary mode of transport

Features:

* Loans for salaried and self-employed individuals
* Attractive interest rates
* No income proof schemes available
* Special schemes for Axis Bank Salary and Priority accounts holders
* Loans available from Rs 20,000 to Rs 70,000
* Loans tenure from 1 Year to 3 years

Salaried Individuals

* Age (Commencement and Termination) – Between 18 years to retirement age
* Minimum Income – Rs 60,000 to Rs 75,000 per annum depending on the Two Wheeler Model.
* Income eligibility – As per latest salary slip or Form 16
* Margin – 15% to 20% depending on the Two Wheeler Model

Self-employed Individuals

* Age (Commencement and Termination) – Between 21 years and 60 years
* Minimum Income – Rs 60,000 to Rs 75,000 per annum depending on the Two Wheeler Model
* Income eligibility – As per latest ITR
* Margin – 15% to 20% depending on the Two Wheeler Model

Interest Rates The Bank offers very competitive interest rates on the loan amount.

The current rate of interest is 17.00% per annum on a monthly reducing basis.

* Processing Fee:
2% of loan amount.
* Pre-payment charges:
4% of the balance outstanding
* Insurance:
The vehicle will be comprehensively insured for the full amount favouring the Bank

Sources : http://www.axisbank.com/