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 vulnerable than using PDCs. Electronic Clearing Service (ECS): this method can be used if you have a non-Axis bank account and your IMEs are automatically debited from that account at the end of the monthly cycle. . You can repay your car loan in one of three ways: Standing Instruction (SI): This method can be used if you have an existing savings, salary or current account account at 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. 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 collected for non-ECS sites.
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