Andhra Bank Car Loan in Bhubaneswar-Apply Now-Wishfin

Andhra Bank Car Loan in Bhubaneswar

About Andhra Bank Car Loan Bhubaneswar

Andhra Bank is one of the leading banks that provides a wide array of products. The bank has been in the banking industry since 1923 but the servicing has been exceptionally great by each passing year. Andhra Bank has the understanding of what are the expectations of a customer from a bank. Having said that, the bank has also kept this mind and designed its products accordingly. If we talk about the types of loans offered by Andhra Bank, the list includes Mudra Loans that gives the opportunities to young entrepreneurs to start implementing their long pending ideas. The education loan scheme of the bank named Vidya Lakshmi loan gives fund to the help students pursue their education without worrying about the fees. Similarly, home loans and personal loans are also planned by keeping the financial needs and affordability of the customers. The car loan scheme of the bank is another major product offered by the bank with the combination of low-interest rates and a flexible tenure option.

In today’s time when convenience is given the utmost importance, if a person is able to reach the bank without standing in long queues it is the best. Andhra Bank has understood this need and hence the online services of the bank are made accessible and updated. The investment products like fixed deposits and recurring deposits are also one of the best in their category as the interest rates here are higher. As a result, it has enhanced the understanding and importance of savings in the masses. Thus, the number of customers of Andhra Bank is also in millions which is in itself a success. Other than this, the bank has spread its wings across the country and internationally as well so as to reach as many as possible. Andhra Bank has more than 3000 branches in India itself and many branches in USA and UAE as well.

Bhubaneswar is a city that is the only Tier-2 city in the country to host the top five Indian IT companies and is also ranked the 3rd Best Place to ‘Do Business in India’ by World Bank. So, those who are already working in Bhubaneswar know that traveling with your own car is delightful with smooth roads and surrounding beauty throughout the city. However, if you are new to this beautiful city and want to buy a car, a car loan from Andhra Bank can really prove to be beneficiary to you. So, read this article to know the car loan details, eligibility criteria, documents required and the Bhubaneswar branches to apply at Andhra Bank.

Andhra Bank Car Loan in Bhubaneswar at a Glance

Interest Rate7.80% - 7.90%
Loan amountDepending on the income flow and repayment capacity of an individual
Tenure60 months (used cars)-84 months (new cars)
Processing FeeAs applicable by the bank
Pre- payment charges1% on the balance outstanding at the time of prepayment

Eligibility Criteria

Have a look at the eligibility criteria to apply for a car loan at Andhra Bank in Bhubaneswar. Having said that, the eligibility criterion is subject to change from one applicant to another and here at Andhra Bank, the eligibility for a general applicant and a women applicant is different. So, have a look at the details below:


  • An individual having a minimum gross income of ₹1 lakh per annum
  • Corporate customers of the Bank
  • Eligible amount is worked out based on the repayment capacity and maximum permissible EMI should not be more than 60% of net salary in case of salaried people and 70% in case of Non-salaried class
  • Used Cars: (not more than three years old): 60% of garage value or ₹25,00,000/- whichever is lower
  • The maximum loan amount for a new vehicle is 90% on road price which includes invoice price, Life tax, Registration charges, Insurance, and accessories, if any, worth ₹5,000 /- or 3 years gross salary whichever is lower


  • Salaried women (permanently employed)/ professional and self-employed having income proof
  • Women borrower should have a valid driving license in their name
  • Salary of the applicant is to be routed through Andhra Bank
  • Letter of Undertaking from the employer for recovery
  • Post-dated Cheque at the discretion of the manager as a special case
  • P&SE Woman: Post dated cheques to be obtained
  • Income should be more than ₹1,00,000/- p.a.
  • 50% of the co applicant’s salary will be taken for computing eligibility


  • Limited Companies
  • Firms
  • Societies and Trusts
  • The maximum loan amount is calculated depending upon the dealings with the Bank
  • Hypothecation charge is to be registered in Registration Certificate of the vehicle in favor of the bank and is exempted from registration of charge with ROC.

Documents Required

Here is the list of documents that you must carry if you want to apply for a car loan at Andhra Bank. Please note that the list of documents is different for a general candidate and a woman applicant.


  • Documents for KYC Compliance
  • Valid Driving License
  • Salary Slip
  • Proforma Invoice
  • IT Returns
  • Assessment Order


  • Valid Driving License
  • Income Proof: IT Returns/Salary Slip/Assessment Order/Proforma Invoice
  • Valuation Certificate from Reputed Garage for Second Sale
  • Proof of Income- Salary Slip/IT Returns/Assessment Order, Proforma Invoice.
  • Valuation certificate from a reputed garage for a second sale.

For more information, read Car Loan Bhubaneswar

Address of Andhra Bank Branches in Bhubaneswar

Branch NameComplete AddressIFSCMICRCustomer Care
Bhubaneshwar84, Bapujinagar, P.B.No.4, Bhubaneswar - 751009ANDB0000048751011002
Lewis RoadLewis Raod, Near Gowtham Filling Station, Bhubaneshwar - 2ANDB00008387510110050674-2432166
SaheednagarIpcol House, Janpath, Bhubaneshwar - 751022ANDB00010587510110072542446
Cesco Power HousePower House Square, Unit - 8, Bhubaneshwar - 12ANDB00012757510110092418506
BaramundaM - 14, Baramunda Housing Board Colony, Bhubaneswar - 751003ANDB00001887510110030674-255578
Budheswari Colony96 A, BS Colony, Cuttack Road, Budheswari Colony, BhubaneswarANDB00007457510110042570763/2570
Madhusudan NagarMadhusudan Nagar, Sachuvalaya Marg, Unit - Iv, Bhubaneswar - 751001ANDB00008957510110060674-2537939, 2537940
Omc Campus BROMC House, BhubaneswarANDB00010597510110080674-240
ChandrasekharpurDamana Square, Chandrasekharpur, Bhubaneswar - 751016ANDB00012877510110110674-2743058
RasulgarhA N Plaza, Rasoolgarh, Bhubaneswar - 751010ANDB00014517510110140674-2585667
KhandagiriPlot No.6, Chidananda Bihar, Khandagiri, Bhubaneswar, Pin - 751019ANDB00014807510110130674-2470745
Acharya ViharN - 1/70, Nayapalli, Bhubaneswar, Dist - Khurda , Pin - 751022ANDB00014937510110100674-2537918
Cesco Extn CounterCesco Ec Andhra Bank, NayapaliANDB00014967510110120674-2537917
GothapatnaIiit Building, Gothapatna, Ps - Chandaka, Via Malipada, Bhubaneswar - 751003ANDB00017317510110170674-3016095
PokhariputPlot No.129, Ananta Vihar, Phase - Ii, Bda Housing Scheme, Pokhariput, Bhubaneswar - 751020ANDB00017517510110180674-2352750
Zonal Office, BhubaneswarM-14, Baramunda Hb Colony, Bhubaneswar - 751003ANDB00002440674-2537903/2537906
Sc, BhubaneswarM14, Baramunda Hb Colony, Zo Complex, BhubaneswarANDB0001171751011001
V S S NagarVss Nagar, Cm-26, V S S Nagar, Bhubaneswar, Odisha-751007ANDB00021617510110239778134754
Tankapani RoadBiswanath Plaza Tankapani Road Bhubaneswar 751018ANDB00021627510110242434133
KalinganagarK 7 351, Kalinganagar, Bhubaneswar, Odisha, 751003ANDB00024017510110258280095305
RaghunathpurPlot No 329, 2023, Raghunathpur, Bhubaneswar, Khurda Dist, Odisha, 754005ANDB00029437510110269439712348

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%