Allahabad Bank Car Loan
| Bank Link | http://https://www.allahabadbank.in/english/AB_Dream_Car.aspx |
| Loan Amount | For salaried: Up to 36 months of gross monthly salary Others: Maximum three times of Average Net Annual Income for the last two years |
| Interest Rate | 10.7% per annum |
| Tenure | 7 years for new vehicle and 5 years for old |
| Pre Payment Charges | 2.25% of Outstanding Balance only in case of takeover |
Service Charges
Processing Fee : 1.2% of Loan amount, Minimum Rs.600
| Self | |
|---|---|
| Minimum Age (in yrs.) | Repaid before attaining the age of 70 years |
| Minimum Income (in Rs.) | An IT assesee With full collateral security, IT assessment order/IT return may be waived |
| Minimum Work Experience (yrs.) | Information not available |
| Residence Status (yrs.) | Information not available |
| Id Proof | Copy of passport/Voters ID card/PAN card/Driving license |
| Address Proof | Passport/Voters ID/Driving License/Latest Electricity bill/Latest Landline Telephone Bill/Any other Valid Address proof |
| DOB Proof | Information not available |
| Salaried | |
|---|---|
| Minimum Age (in yrs.) | The loan should be repaid at least three months before the date of retirement from service |
| Minimum Income (in Rs.) | Minimum gross monthly income Rs.25000/- |
| Minimum Work Experience (yrs.) | Information not available |
| Residence Status (yrs.) | Information not available |
| Id Proof | Copy of passport/Voters ID card/PAN card/Driving license |
| Address Proof | Passport/Voters ID/Driving License/Latest Electricity bill/Latest Landline Telephone Bill/Any other Valid Address proof |
| DOB Proof | Information not available |
| Financial Docs | "Signature identification from bankers of borrower(s) Latest Salary Slip Bank Statement for last 6 months I.T. Returns/Form 16 for last 2 years " |
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