About Andhra Bank

Andhra Bank is a medium-sized public sector bank which was founded by freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya.

The Bank was registered on 20th November 1923 and commenced business on 28th November 1923. 

It has 1938 branches, 15 extension counters, 38 satellite offices and 1098 automated teller machines (ATMs) as on 31 March 2012. The bank now operates in 25 states and three Union Territories.

About Andhra Bank Car Loan

Nowadays, no one wants to travel on public transport and it's the major reason that people and buying more and more cars.  But one can find many people who do not have adequate funds to pay for the vehicle.  So, people are turning into car loans to get finance for the vehicle.

The Andhra bank Car Loan Scheme is the best financing option that offers you money required for the desired car at low interest rates. The scheme offers you the loan at a wide range of cars sold in the market.

Andhra Bank Car Loan Interest Rate and Charges

New Cars

Used Cars

10.75 %

12.25 %

 

Things to check before you apply for a car loan:

Documents

  1. Identity proof- Passport, PAN card, Aadhar Card, Voter card
  2. Address proof- Rental Agreement, Property Purchase Document, Telephone Bill, Electricity Bill, Sale Deed, Driving license, Ration card
  3. Income proof- Salaried- latest salary slips (at least 6 months), Self-employed- a copy of the latest 1-year Income Tax return.
  4. 3 photograph.

Eligibility

SALARIED

  1. Minimum age of Applicant: 21 years
  2. Maximum age of Applicant at loan maturity: 58 years.
  3. Minimum employment: 1 year in current employment and minimum 2 years of employment.
  4. Minimum Annual Income: Rs.100000 net annual income.
  5. Telephone: Must at the residence.

SELF-EMPLOYED 

  1. Minimum age of Applicant: 21 years
  2. Maximum age of Applicant at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: Net profit Rs.60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
  5. Telephone: Must at the residence

Features  and Benefits of an Andhra Bank Car Loan from Dialabank.com

  1. No Advance EMI
  2. Tenure up to 84 months
  3. No hidden charges
  4. Offers low rate of interest
  5. Loans for one-time road tax, insurance premium, registration fee, and accessories.
  6. No pre-payment penalty
  7. Interest Calculated on Daily Reducing Balance

Car Loan

Fee & Charges

Fees & Charges

Stamp Duty

At Actuals

Late Payment Penalty

2% per month

Processing fees

Up to 2.5 Lacs: Rs.2825

Over Rs. 2.51 Lakhs up to 4 Lakhs: Rs. 3850/-<

Maximum 5000

*SPECIAL OFFER from DialaBank: Rs.1750/-*

Cheque swapping charges

NIL

Loan cancellation / re-booking charges

In the event of cancellation, interest charges from disbursement date till refund of disbursement amount will be borne by the customer

Duplicate Repayment Schedule charges

NIL

Legal, Repossession & Incidental charges

At Actuals

Duplicate no due certificate / NOC

NIL

CIBIL Charges (only on request)

Rs. 50/-

Loan Reschedulement charges

Rs. 1000/-

Special NOC

NIL

 

How to Apply?

Visit our official website www.dialabank.com and fill a form there.

You can check your Eligibilities and EMIs Online on our website.

Leading Car Loan Providers

  1. HDFC Car Loan
  2. Bank of Baroda Car Loans
  3. Canara Bank Car Loan
  4. IndusInd Bank Car Loan
  5. State Bank of Hyderabad Car Loan
  6. SBI Car Loan
  7. ICICI Bank Car Loan
  8. AXIS bank Car Loan
  9. IDBI Car Loan

 

Used Car Loan EMI Calculator

SIP Calculator
EMI Calculator SIP Calculator
 

Call us on 600 11 600 (Single Number across 18 Cities)

Delhi | Mumbai | Kolkata | Bangalore | Hyderabad | Ahmedabad | Chandigarh | Jalandhar | Ludhiana | Chennai | Pune | Jaipur | Lucknow | Baroda | Surat | Indore | Coimbatore | Bhopal