GET INSTANT CAR LOAN

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Andhra Pradesh Grameena Vikas Bank Car Loan

Andhra Pradesh Grameena Vikas Bank Car Loan Key Features – Jan 2021

Interest Rate 7.05% 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

Andhra Pradesh Grameena Vikas Bank Car Loan Eligibility

Eligibility criteria for car loan is dicussed 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     7.05% 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 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 Licence
Passport
Electricity Bill
(Any 1)
Date of Birth Proof Birth Certificate
Passport
Driving Licence
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 Licence
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 Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
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 Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
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 a Car Loan. Thus, you can easily check through the link below:

Car Loan EMI Calculator

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:

  1. 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.
  2. 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.
  3. 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?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Relationship Manager who will guide you throughout the process.
  3. You can compare different offers from banks and NBFCs and choose the one which suits your needs.
  4. 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?

  1. Visit Dialabank and fill a form.
  2. Please wait for a call from our Relationship Manager who will guide you throughout the process.
  3. You can compare different offers from banks and other companies and choose the one which suits your needs.
  4. 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 7.05% 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?

Use Dialabank’s EMI calculator to find out the interest as well as the EMI on your loan.

What is the maximum loan amount I can avail of on 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 logon 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.

Punjab Gramin Bank Business Loan Syndicate Bank Business Loan
Sutlej Kshetriya Gramin Bank Business Loan Shriram City Business Loan
Sarva Haryana Gramin Bank Business Loan South Indian Bank Business Loan
Utkal Grameen Bank Business Loan Uttar Bihar Gramin Bank Business Loan

 

 

Table of Contents