Andhra Bank Car Loan

car loan rates

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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

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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

 

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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)

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* Interest rate can vary as per individual’s portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with.
* The Organisation do not charge money from customers.

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