Allahabad Bank was founded by a group of Englishmen at Allahabad on 24 April 1865. The bank has its headquarters in Kolkata. It is the oldest joint stock bank in India. Today, it has around 2500 branches spread throughout India. It also has a branch in Hong Kong and a representative office in Shenzen.

Why Allahabad Bank Car Loan?

Today, the prices of the vehicle are touching the sky. It is impossible for a common man with limited income to buy a vehicle form one’s own pocket. In such a situation, car loan helps a lot. The Allahabad Bank Car Loan is an offer that provides monetary support to people and helps people in acquiring the vehicle. It is an affordable scheme for people who want to buy a vehicle but do not have adequate funds for it.

Are you thinking to buy a vehicle but you do not have the funds to pay for it? Then, availing an Auto Loan is the best solution to your problems. It is a scheme that allows a person to pay for the vehicle in installments rather than paying it at once.

Allahabad Bank Car Loan Highlight

1. Affordable

2. Simple and Hassle free

3. Easy to pay back

4. Flexibility of payment

5. Speedy Approval in 4 hours

6. Minimum Documentation

7. Attractive Interest Rates

8. Check your Credit Score

Allahabad Bank Car Loan Interest Rate

Amount Less than 3 lacs 

Interest Rate 10.25 to 10.15

Average 10.5

Amount 3 – 6 lacs

Interest Rate 9.50 to 10.25

Average 9.75

Amount 6 – 10 lacs

Interest Rate 9.25 to 9.75

Average 9.5

Amount  10 – 20 lacs

Interest Rate  9.10 to 9.65

Average - 9.35

More than 20 lacs 

Interest Rate  8.90 to 9.25

Average – 9

Used Car Interest Rate & Loan Against the Car 

Interest Rate  13% – 16%

Average   14%

Allahabad Bank Car Loan Tenure 

New Car Loan –  Minimum 2 year - Maximum 7 year

The used car loan and Loan against the car – Minimum 2 year - Maximum 4 year

Allahabad Bank Car Loan Charges  

 Pre-closer charges – 0 – 2.5%

 Processing Fee – 0 to 3 %

Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.

Allahabad Bank Car Loan Eligibility

Minimum age limit is 21 years and the maximum is 65 years

Employment: For Salaried 1 year in current employment / For Self- Employed at least 2 years in business

Annual Income: For Salaried Rs. 18000 per month/ For Self- Employed Rs. 18000 per month

Telephone: Must at the residence.

Allahabad Bank Car loan Documentation

Identity Proof- Aadhar card, PAN Card, Voters ID card, Driving License

Income Proof- For Salaried Latest salary slip of 6 months/ For Self- Employed Latest 1 year ITR

Address Proof- Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill etc.

Bank Statement: Last 6 months

Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.

Allahabad Bank Car Loan from

  1. We offer extremely quick service
  2. The minimum loan amount is Rs 1 lakh
  3. The maximum loan amount is up to 90% of the ex-showroom price of the car
  4. LTV (Loan to value) of up to 90% of the ex-showroom price of the car
  5. Repayment period ranges from 1 to 5 years
  6. Loans are approved within 24 hours after the documentation process
  7. Prepayment is allowed after 6 months from the disbursement of the loan

How to Apply for Allahabad Bank Car Loan

1. Firstly visit

2. Secondly, Fill the online application form 

3. Thirdly, Enter the basic information in the above application form.

4. After that, For more information call 7707861526 or 60011600 with your city code.

5. The process is very easy and simple.


Ques.  Does Dialabank charge me for its services?

Ans: No, Services by Dialabank come to you free of cost.

Ques. A Best online platform for availing Allahabad Bank  Car Loan?

Ans: Firstly Dialabank is the best platform to get a loan through. Secondly, they provide you hassle-free process as well as the low rate of interest in the market as compared to others.

Ques. How much processing fee for an Allahabad Bank Car Loan?

Ans: Processing fee started at 0 -3%.

Ques. In Bank of India Car Loan can I avail EMI facility?

Ans: Yes, he /she can avail Term Loan with EMI as repayment type for the tenures of 2 years to 7 years.

Ques. Whom do I contact for more details?

Ans: Call us (enter area code) 600-11-600 or 7707861526 for more details.

Ques. How much funding can I expect in terms of the car loan?

Ans: Firstly this factor differs from bank to bank. Besides that, few banks offer the complete 100% funding.

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Used Car Loan EMI Calculator

SIP Calculator
Used Car Loan 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