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Andhra Bank Car Loan

Bank Link

https://www.andhrabank.in/english/GenVehicle4.aspx

Loan Amount

For New Car : Upto 85% of on-road price, For Used Car : Upto 60% of market value

Interest Rate

Starting from - For New Car : 9.40%, For Used Car : 11.85%

Tenure

7 years

Pre Payment Charges

1%

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Self
Minimum Age (in yrs.)

Minimum 21 years & Maximum 65 years

Minimum Income (in Rs.)

Self Employed Professionals: Rs. 1 Lakhs p.a & Self Employed Businessmen: Rs. 1 Lakhs p.a.

Minimum Work Experience (yrs.)

Residence Status (yrs.)

Valid Residence proof

Id Proof

Aadhaar, Passport/ Driving License/ Voter ID/ PAN

Address Proof

Electricity bill/telephone bill/Driving License/Voter ID Card/Passport/Any other valid Address Proof

DOB Proof

10th class certificate/certificate of birth

Financial Docs

  • Application form
  • Recent Photographs
  • Aadhaar, Passport/ Driving License/ Voter ID/ PAN
  • Quotation of car
  • License/ Registered Rent Agreement/ Passport
  • Three months salary slip,
  • Two years Form 16,
  • Three months bank statement
  • R.C of Vehicle and Insurance of Car

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)

Minimum 21 years & Maximum 65 years

Minimum Income (in Rs.)

Rs. 1 Lakhs p.a.

Minimum Work Experience (yrs.)

Residence Status (yrs.)

Valid Residence proof

Id Proof

Aadhaar, Passport/ Driving License/ Voter ID/ PAN

Address Proof

Electricity bill/telephone bill/Driving License/Voter ID Card/Passport/Any other valid Address Proof

DOB Proof

10th class certificate/certificate of birth

Financial Docs

  • Application form
  • Recent Photographs
  • Aadhaar, Passport/ Driving License/ Voter ID/ PAN
  • Quotation of car
  • License/ Registered Rent Agreement/ Passport
  • Three months salary slip,
  • Two years Form 16,
  • Three months bank statement
  • R.C of Vehicle and Insurance of Car

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.
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