Visiting any Axis Bank Loan centre in person.Foreclosure again is subject to charges.Īpply for an Axis Bank New Car Loan and make your dream of owning a car come true.īroadly there are three ways you can apply: paying all the outstanding dues of your Car Loan, is also possible by submitting a foreclosure request to the bank. Part-prepayments of Car Loan is possible but subject to part payment charges. Hence, always make it a point to repay the Car LoanĪnd in case if you partially prepay the Car Loan… Note that persistent skipping inflicts the risk of default, and in such a case, your car hypothecated to the bank as collateral for the Car Loan, may get seized. As a result of skipping the EMI, the tenure of the loan would increase Yet, in case of insufficient balance or any other reason you skip your EMI, the bank will caution you and may charge a late payment penalty. Hence, in the interest of your financial wellbeing, borrow wisely and as far as possible do not skip your Remember, skipping EMIs does not reflect well on your creditworthiness and could impact your credit score. Opting for SI or NACH/ECS mode is preferable as it is faster and less prone to errors than PDCs.
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