Allahabad Bank Car Loan in Kochi

About Allahabad Bank Car Loan Kochi

Allahabad Bank in Kochi offers the best of car loan so that all the car lovers can bring their dream car without even worrying about the cash. Yes, this public sector bank offers the loan at competitive rates,also it comes with flexible loan tenure, simple documents and much more to avail.

Allahabad Bank Car Loan Kochi at a Glance

ParticularsDetails
Interest Rate (in p.a.)8.05% Onwards
Loan AmountMaximum of 3 times of Net Annual Income / Net Annual Salary
Tenure60-84 Months
Processing Fee0.50% of loan Maximum ₹5,750 (Allahabad Bank Employees- NIL)
Pre- payment Charges2.28% of outstanding balance only in case of takeover

Eligibility Criteria

For Salaried Person/Agriculturist/ Professional & Self-Employed / Businessmen/ Retired individuals/Firm/ Companies

  • Minimum gross monthly income of ₹ 25,000.
  • Minimum 5 acres of irrigated land holding.
  • An IT assessee. With full collateral security, IT assessment order / IT return may be waived.
  • Drawing monthly pension of ₹ 15,000/= and above.
  • Net profit is sufficient to meet repayment of Car Loan.

Documents Required

  • Duly signed application form
  • Photographs
  • ID Proof
  • Age Proof
  • Income Proof
  • Residence Proof
  • RC Copy
  • Used Car-Valuation Copy
  • Business establishment proof for self-employed:Sales Tax Registration/ VAT Registration/ Service Tax Registration
  • Utility bills of shops and establishments, etc.

Know More About Car Loan Kochi

Address of Allahabad Bank Branches in Kochi

Branch NameAddressIFSC CodeMICRContact details
KochiPost Box No. 210 5/848, Palace Road, Cochin, Dist. Ernakulam - 682002ALLA02104746820100040484-2227112

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