Andhra Bank Car Loan | Eligibility | Interest Rate | Documentation

Feature Of Andhra Bank Car Loan

• Provide Loan for Salaried Class
• Loan For Professional:Practising Chartered Accountants, Architects, Engineers, Valuers, Management/ Financial Consultants, Company Secretaries, Cost Accountants etc.
• Loans Against National Savings Certificates (NSC), Kisan Vikas Patra (KVP), Life insurance policies.
• Loans for Doctor.
• Repayable in monthly installments. Maximum period 60 months.
• Husband/ father or any third party (with sufficient worth and of regular income) acceptable to the bank.

Eligibility

• 10 month gross salary in case of salaried class
• 40% of gross annual income in case of non-salaried class
• 4 months pension in case of pensioners.
• 75% cost of the article whichever is less

Document Required for Andhra Bank Car Loan

• Proof of Income
• Salary Slip/ IT Returns/ Assessment Order, Property Statement
• For Non salaried person - Latest Income Tax Assessment Order, Property statement Any other Valid document
• Latest quotation for article proposed to be purchased.

Interest Rate of Andhra Bank Car Loan

• Salaried employees
• Self employed professionals
• Self-employed individuals
• Entrepreneurs and business owners

Other Products of Andhra Bank