Andhra Bank Car Loan

Features

• Funding up to 100% of Car’s ex-showroom price
• Loan tenure up to 7 years.
• Pre-Qualified Car Loans for existing customers.
• Attractive Interest Rate @ 9.20%
• Easy and simple documentation
• No income document

Benefits

• Flexible and Affordable repayment options
• Quick and Instant approval of Loan
• Attractive deals from associated car dealers
• Insurance cover, repayable along with EMI.
• Zero Pre-payment charges under ‘Multi Advantage Car Loans’ product
• Special Offer for existing Allahabad customers

Car Loan Documents

Simple and easy documentation Car loans (though documentation varies from individual to individual). The document requirement is based on your profession, income and loan requirement.

• Proof of identity: Copy of passport/voter ID card/driving license
• Last 3 months bank statement/6 months bank passbook
• Latest salary slip/ current dated salary certificate with the latest Form 16
• Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport

Car Loan Eligibility Criteria

Regular Income Group: This category includes salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings including central, state and local bodies.

Eligibility Criteria:

• Age: 21-60 years.
• Employment: Have had a job for at least 2 years, and a minimum of 1 year with your current employer

• Earning: Minimum income: Rs. 12,000/- per month net income

Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, cochin)