Axis Bank Car Loan Agreement

Postdated Cheques (PDCs): You can deposit EMI cheques mailed from a non-axis bank account at your nearest axis loan centre. A new group of PDCs must be submitted in time. Please note that Post Dated Cheques are only recovered from non-ECS sites. . . . Standing Instruction (SI): This method can be used if you have an existing savings, salary or current account account on axis Bank. You can open a savings account on axis Bank to use this option. Your ERM amount will be automatically debited from the Axis Bank account you indicated at the end of the monthly cycle.

Discover the most flexible, fastest and cheapest way to own your dream car electronic clearing service (ECS): this method can be used if you have a non-Axis bank account and want your IMEs to be automatically debited from this account at the end of the monthly cycle. Do you want to switch from your first slanted rear to a sedan? Or look to replace your…. We advise you to opt for the IS or ECS payment method, as they are faster and less prone to errors than using PDCs. You can pay off your car loan in one of three ways: