Andhra Pradesh Grameena Vikas Bank Car Loan Key Features – Jan 2021
| Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 100,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 85% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 2,311 |
| Minimum Net Monthly Income | ₹ 15,000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
| Processing Fee | Up to 2% Only |
| Foreclosure Charges | 5% of the principal outstanding |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement, and Car Quotation |
About Andhra Pradesh Grameena Vikas Bank Car Loan
Andhra Pradesh Grameena Vikas Bank has its head office at Gorakhpur operates through the network of its 571 branches, in eleven districts of Andhra Pradesh Grameena Vikas. Dedicated employees are working hard for the noble cause of rural upliftment to enable rural masses to become self-dependent and capable of contributing to national growth in consonance with National and State level priorities.
Andhra Pradesh Grameena Vikas Bank provides Car Loans at attractive rates of interest to the consumer for buying their dream car whether new or second-hand. It is an easily available loan that can be procured by anyone even by ones who have a slightly low credit/CIBIL score.
Advantages of Andhra Pradesh Grameena Vikas Bank Car Loan
Andhra Pradesh Grameena Vikas Bank Car Loan Eligibility
Eligibility criteria for a car loans are discussed in the above contents.
| Salaried Individual | Age – Should be a minimum of 21 years old and should not exceed 60 years. |
| Net Monthly Income – Rs.25000 is the base criteria. | |
| Employment Duration – At least one year | |
| Income Eligibility – Form 16 | |
| Self-Employed Individuals | Age – 21-70 years of age |
| Minimum ITR – Rs. 4 lakh | |
| Employment Duration – 3 years(minimum) | |
| Income Eligibility – Latest Income Tax Returns | |
| Self-Employed Non-Individuals (Company/Partnership) | Minimum ITR – Rs. 4 lakh, Rs. 18 lakhs (for selected car models) |
| Employment Duration – Minimum 3 years | |
| The applicant has to present IT returns and audited financials of 2 years with Calculated Income. | |
| Priority Customers | Applicant must be associated with at least six months. |
| Average Quarterly Balance – Rs.5000 | |
| Maximum Loan Amount – 3 times | |
Andhra Pradesh Grameena Vikas Bank Car Loan Interest Rate, Fees, and Charges
Details on car loan interest rate and other charges are given below:
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
14.80% p.a. to 16.80% p.a. |
| Processing fee | 0.50%(minimum Rs.1500) | 0.50%(minimum Rs.1500) |
| Issuance of Duplicate Repayment Schedule Charges | Above Rs.350 | Above Rs.350 |
| Foreclosure Charges | Nil | Nil |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 5% of the paid amount | 5% of the paid amount |
| Cheque/Instrument Swap Charge | Above Rs.350 | Above Rs.350 |
| Documentation Charge | Above Rs.350 | Above Rs.350 |
| Issuance of Duplicate No Dues Certificate Charges | Above Rs.350 | Above Rs.350 |
| Registration Certification Collection Charge | Above Rs.150 | Above Rs.150 |
| Cheque Bounce/Instrument Return Charges | Above Rs.350 | Above Rs.350 |
| Issuance of Duplicate Statement Charges | Above Rs.350 | Above Rs.350 |
| Loan Cancellation/Re-booking Charges | Nil | Nil |
| Issuance of Credit Report | Above Rs.50 | Above Rs.50 |
Andhra Pradesh Grameena Vikas Bank Car Loan Documents Required
Documents required for a car loan and other eligibility are discussed below.
Salaried Individual
| Category | Documents Required |
| Identity Proof | Voter ID |
| Aadhar Card | |
| Passport | |
| (Any 1) | |
| Address Proof | Driving License |
| Passport | |
| Electricity Bill | |
| (Any 1) | |
| Date of Birth Proof | Birth Certificate |
| Passport | |
| Driving License | |
| PAN | |
| (Any 1) | |
| Signature Proof | PAN Card |
| Bankers Verification | |
| Passport | |
| (Any 1) | |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last three months |
| Employment Continuity Proof | ITR of Form 16 |
| Salary Slip with Joining Date | |
| Work Experience Certificate | |
| Appointment Letter |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | Aadhar card |
| PAN Card | |
| Driving License | |
| Address Proof (Any 1) | Driving License |
| Aadhaar Card | |
| Voter ID | |
| Utility Bills | |
| Date of Birth Proof (Any 1) | Birth Certificate |
| Passport | |
| Driving Licence | |
| High School Marksheet | |
| Signature Proof (Any 1) | Passport |
| PAN | |
| Bankers verification | |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last three months |
| Employment Continuity Proof | Current Account Statement |
| SSI or MSME Registration Certificate | |
| Shop & Establishment Act Certificate | |
| Sales Tax or VAT Certificate | |
| Business Proof | Telephone Bill |
| Electricity Bill | |
| Current Account Statement | |
| Sales Tax or VAT Certificate | |
| Registered Lease Document with other utility bills | |
| Shop & Establishment Act Certificate | |
| SSI or MSME Registration Certificate |
Self-Employed Non-Individuals
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving License |
| Aadhaar Card | |
| Passport | |
| PAN | |
| Voter ID | |
| Address Proof (Any 1) | Driving License |
| Aadhaar Card | |
| Passport | |
| PAN | |
| Voter ID | |
| Income Proof | Audited Balance Sheet |
| P&L Account and ITR for the previous two years | |
| Bank Statement | Bank statement of last three months |
| Business Continuity Proof | Shop & Establishment Act Certificate |
| Current Account Statement | |
| SSI or MSME Registration Certificate | |
| Sales Tax or VAT Certificate | |
| Additional documents | Authority Letter/PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving License |
| Aadhaar Card | |
| Passport | |
| PAN | |
| Voter ID | |
| Address Proof (Any 1) | Driving License |
| Aadhaar Card | |
| Passport | |
| PAN | |
| Voter ID | |
| Income Proof | Audited Balance Sheet |
| P&L Account and ITR for the previous two years | |
| Bank Statement | Bank statement of last three months |
| Business Continuity Proof | Shop & Establishment Act Certificate |
| Current Account Statement | |
| SSI or MSME Registration Certificate | |
| Sales Tax or VAT Certificate | |
| Additional documents | Authority Letter/PAN cards |
Andhra Pradesh Grameena Vikas Bank Car Loan EMI Calculator
The applicant has the option to know the EMI’s before availing of a Car Loan. Thus, you can easily check through the link below:
Andhra Pradesh Grameena Vikas Bank Car Loan Types
Andhra Pradesh Grameena Vikas Bank offers different types of car loans to its customers. You have the option of choosing the offer which suits your need the best. It offers the following types of Car Loans:
- New Car Loan – Those who wish to buy a new car, this is the scheme for you. You can take Andhra Pradesh Grameena Vikas Bank Car Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
- Used Car Loan – If you wish to buy a used car then you can choose this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
- Loan Against Car – You can opt for this scheme if you are in need of urgent funds where you can keep your cars as collateral with the bank where you can get Rs. 10 lakh or up to 50% of your car’s value.
Andhra Pradesh Grameena Vikas Bank Car Loan Pre Calculated EMI
| Loan Amount | 2 Years | 3 Years | 5 Years | 7 Years |
| 1 Lakh | ₹ 4,480 | ₹ 3,090 | ₹ 1,982 | ₹ 1,512 |
| 3 Lakh | ₹ 13,439 | ₹ 9,270 | ₹ 5,947 | ₹ 4,535 |
| 5 Lakh | ₹ 22,398 | ₹ 15,450 | ₹ 9,912 | ₹ 7,559 |
| 10 Lakh | ₹ 44,795 | ₹ 30,900 | ₹ 19,825 | ₹ 15,117 |
How to Apply for Andhra Pradesh Grameena Vikas Bank Car Loan?
- Visit Dialabank and fill a form.
- Wait for a call from our Relationship Manager who will guide you throughout the process.
- You can compare different offers from banks and NBFCs and choose the one which suits your needs.
- Thus, easily apply for a Car Loan through Dialabank and enjoy the best offers.
Andhra Pradesh Grameena Vikas Bank Car Loan for Top Selling Cars
Other Available Products from Andhra Pradesh Grameena Vikas Bank
| Andhra Pradesh Grameena Vikas Bank Personal Loan | Andhra Pradesh Grameena Vikas Bank Gold Loan | Andhra Pradesh Grameena Vikas Bank Home Loan |
| Andhra Pradesh Grameena Vikas Bank Credit Card | Andhra Pradesh Grameena Vikas Bank Two Wheeler Loan | Andhra Pradesh Grameena Vikas Bank Education Loan |
FAQs for Andhra Pradesh Grameena Vikas Bank Car Loan
✅ What is the Andhra Pradesh Grameena Vikas Bank Car Loan?
Andhra Pradesh Grameena Vikas Bank car loan is the loan sum provided to its customers by the company for a new or used car.
✅ How can I get a Car Loan from Andhra Pradesh Grameena Vikas Bank?
- Visit Dialabank and fill a form.
- Please wait for a call from our Relationship Manager who will guide you throughout the process.
- You can compare different offers from banks and other companies and choose the one which suits your needs.
- Thus, quickly apply for a Car Loan through Dialabank and enjoy the best offers.
✅ How does Andhra Pradesh Grameena Vikas Bank Car Loan work?
When you apply for a car loan, you will get a call from our representative, and then there will be a document verification process. Then, the loan amount will be credited to your account.
✅ What is the Car Loan Interest Rate in Andhra Pradesh Grameena Vikas Bank?
The interest rate on a car loan in the Andhra Pradesh Grameena Vikas Bank is
7.35% per annum
only.✅ How to Check Car Loan status in Andhra Pradesh Grameena Vikas Bank?
You can track the status of your car loan online on the Car loan status website.
✅ How to Calculate Car Loan Interest in Andhra Pradesh Grameena Vikas Bank?
✅ What is the maximum loan amount I can avail of on a Car Loan from Andhra Pradesh Grameena Vikas Bank?
The maximum loan amount you can avail of on a car loan is up to 90% of the On Road Price.
✅ What is the loan tenure of the Andhra Pradesh Grameena Vikas Bank Car Loan?
The loan tenure of the Andhra Pradesh Grameena Vikas Bank Car Loan is a maximum of 7 years.
✅ Can I get a 100% Car Loan from Andhra Pradesh Grameena Vikas Bank?
Yes, you can get a 100% Ex-showroom Price car loan from Andhra Pradesh Grameena Vikas Bank.
✅ How much Processing Fee is applicable to the Andhra Pradesh Grameena Vikas Bank Car Loan?
Andhra Pradesh Grameena Vikas Bank charges a processing fee of 2% Only.
✅ What are the EMI options available on the Andhra Pradesh Grameena Vikas Bank Car Loan?
Andhra Pradesh Grameena Vikas Bank Renders two EMI options to pay your car loan:- Step-up EMI and Balloon EMI.
✅ What are the charges for Prepayment in Andhra Pradesh Grameena Vikas Bank Car Loan?
You can prepay/foreclose your Andhra Pradesh Grameena Vikas Bank Car Loan with 5% as foreclosure charges.
✅ Can I get a top-up loan on my existing Andhra Pradesh Grameena Vikas Bank car loan?
You can get a top-up loan on your current car loan from Andhra Pradesh Grameena Vikas Bank for up to 150% of its value.
✅ Do I need to provide a guarantor to avail a car loan from the Andhra Pradesh Grameena Vikas Bank?
Generally, you don’t need a guarantor for a car loan. However, you may need a guarantor if you don’t fulfill the eligibility criteria.
✅ How to get the Andhra Pradesh Grameena Vikas Bank Car Loan Statement?
Get the statement in person by visiting your branch and requesting a detailed report.
or
You can get the statement online. To do this, you should have Andhra Pradesh Grameena Vikas Bank internet funding activated.
✅ How to Pay Andhra Pradesh Grameena Vikas Bank Car Loan Interest Online?
Simply log on to online Andhra Pradesh Grameena Vikas Bank payment to ‘see and pay’ your bills. You also get an electronic acknowledgment for every invoice paid by you using e-PAY. You can also pay through Paytm.
✅ What if I can’t pay the interest on Andhra Pradesh Grameena Vikas Bank Car Loan for 3 months?
Andhra Pradesh Grameena Vikas Bank imposes 24% of the exceptional amount or a Fee ranging from Rs.500 to Rs.5000 for not paying the EMI for three months.
✅ How can I apply for EMI Moratorium on Andhra Pradesh Grameena Vikas Bank Car Loan?
You can apply for EMI Moratorium on Andhra Pradesh Grameena Vikas Bank Car Loans directly from the Andhra Pradesh Grameena Vikas Bank website’s Loan corner.
✅ What is the number for the Andhra Pradesh Grameena Vikas Bank Car Loan agent?
Call Dialabank at 9878981166 as it is one of the most trusted Andhra Pradesh Grameena Vikas Bank Car Loan agents. Dialabank even ensures the best offers on your Car Loan.
✅ Can I close the Andhra Pradesh Grameena Vikas Bank car loan online?
Andhra Pradesh Grameena Vikas Bank car loans can be closed by visiting the nearest branch and clearing off the outstanding amount.
✅ What is the Andhra Pradesh Grameena Vikas Bank Car Loan Customer Care Number?
Call 9878981166 and clear any of your queries with us anytime.
✅ How can I get NOC from the Andhra Pradesh Grameena Vikas Bank for a Car loan?
You can get NOC directly from the branch for Andhra Pradesh Grameena Vikas Bank Car Loans.
✅ What is the Andhra Pradesh Grameena Vikas Bank Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Andhra Pradesh Grameena Vikas Bank Car Loan account.
- Pay the pre-closure charges as per Andhra Pradesh Grameena Vikas Bank Car Loan.
✅ What is the Andhra Pradesh Grameena Vikas Bank Car Loan preclosure charges?
Andhra Pradesh Grameena Vikas Bank Car Loan preclosure charges are 2% of the principal outstanding.
✅ What is the Andhra Pradesh Grameena Vikas Bank Car Loan maximum tenure?
The Andhra Pradesh Grameena Vikas Bank Car Loan maximum tenure is 7 years.
✅ What is the Andhra Pradesh Grameena Vikas Bank Car Loan minimum tenure?
The Andhra Pradesh Grameena Vikas Bank Car Loan minimum tenure is 1 year.
