Car Loan Rates EMI 2024

Andhra Bank Car Loan in Jaipur

Andhra Bank Car Loan in Jaipur

Last Updated : March 24, 2017, 2:58 p.m.

Andhra Bank Car Loan Jaipur

Andhra Bank is one of the leading and oldest banks in India with more than 90 years of experience in providing customer-friendly services in India. From home loans to car loans, Andhra Bank offers an affordable rate of interest throughout the country including Jaipur. Read this article to more about the Jaipur branch of Andhra Bank.

Andhra Bank Car Loan in Jaipur 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 Jaipur. Having said that, the eligibility criterion is subject to change from one applicant to another and here at Andhra Bank, the eligibility for an applicant is as given below:

  • Any 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 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

Documents Required

Here is the list of documents that you must carry if you want to apply for a car loan at Andhra Bank.

  • Documents for KYC Compliance
  • Valid Driving License
  • Passport size photos
  • Loan application form
  • Salary Slip
  • Proforma Invoice
  • IT Returns
  • Assessment Order
  • Valuation certificate from a reputed garage for a second sale (for women)

For more information, read Car Loan Jaipur

Address of Andhra Bank Branches in Jaipur

Branch NameComplete AddressIFSCMICRCustomer Care
Jaipur BranchPanch Batti, M.I. Road Jaipur - 320025ANDB00002693020110020141 - 236
AdarshnagarD - 137, Frontier Colony, Opposite Sv Public School, Bhag Singh Ka Chouraha, Adarsh Nagar, JaipurANDB00015333020110030141-2600334
MPK ECMPK Homeopathy Medical, College & Research CenANDB00015343020110040141-2375627
Sirsi Road21 Engineer’s Colony Sirsi Road Jaipur Rajasthan - 302034ANDB00017733020110050141 2470270
KalwarG Floor Indira Bazar Kalwar, Jaipur, Rajasthan, 303706ANDB00018683020110061412589950
Nangal SusawatanVpo Nangal Suswatan Amber TehsilANDB00018933020110079602768845
Badi Ka BasMain Tonk Road, Beelwa Panchayat, The-Sanganer, Jaipur, RajasthanANDB00018963020110089950247700
Niwaru RoadA-22, Ramneshpuri, Kailash Path, Niwaru Road, Jhotwara, Dt Jaipur, Rajasthan-302012ANDB00020853020110090141 2348563
GopalpuraRudra Tower, B-293, Scheme No.10B, Opposite Indian Oil Petrol Pump, Gopalpura Byepass, Jaipur-302018ANDB00021063020110101412763024
ThikariyaThikariya Village, Main Road, Ajmer Road, JaipurANDB00021907726988572
BhatesariBoorthal Road, Boorthal The Bassi, JaipurANDB00022068107677606
ZO JaipurFirst Floor Sunmoon Chambers Near Ajmeri Pulia Linking Road Gopalwari Jaipur 302006ANDB00022810141 2360985
ChomuGround Floor, Opp Bharat Talkies, Near Bus Stand, Chomu, Rajasthan, 303702ANDB0002479303011002220010
Vaishali NagarGround Floor, M K Plaza, Nand Vihar, Plot No 8, Amrapali West, Vaishali Nagar, Jaipur, Rajasthan, 302021ANDB00025953020110122360986
MansarovarGround Floor, C 16, Khushi Vihar, Mansarovar, Jaipur, Rajasthan, 302020ANDB00025963020110132360986
JagatpuraS 1 09 And S 1 10, Tda Employee Colony, Near Nri Colony, Teelawala, Jagatpura, JaipurANDB00026433020110119983159986
KishangarhPlot No 30, Vinayak Nagar, Opp R K Community Center, Jaipur Road, Madenganj, Kishangarh, Ajmer, Rajasthan, 305808ANDB00026463050110032360986
ShahpuraBal Krishna Kumawat, Neem Ka Thana Road, Opp Head Post Office, ShahpuraANDB00026843030110042360986

Related Post