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About Andhra Bank Car Loan Lucknow
Andhra Bank offers a wide array of loans including car loans. The bank is also one of the largest and oldest banks in India and hence understands the affordability of the customers. So, read this article to know about the car loan facility provided by Andhra Bank in Lucknow-the city of Nawab.
Andhra Bank Car Loan in Lucknow at a Glance
|Interest Rate||7.80% - 7.90%|
|Loan amount||Depending on the income flow and repayment capacity of an individual|
|Tenure||60 months (used cars)-84 months (new cars)|
|Processing Fee||As applicable by the bank|
|Pre- payment charges||1% on the balance outstanding at the time of prepayment|
Have a look at the eligibility criteria to apply for a car loan at Andhra Bank in Lucknow. 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 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.
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 Lucknow
Andhra Bank Lucknow Branch Addresses
|Branch Name||Complete Address||IFSC||MICR||Customer Care|
|Lucknow||35, Aminabad, Literature Palace, Lucknow, Utter Pradesh||ANDB0000344||226011002||0522-2629134|
|Indiranagar||Behind Central Academy School, Sec - 9, Indira Nagar, Lucknow - 2260016||ANDB0001531||226011003||0522-2342086|
|Alam Bagh||Ksm Towers, Cp - 1, Alam Bagh, Lucknow||ANDB0001657||226011004||O9911199299|
|Zonal Office||47/27, A-3, Sheela Complex, 19-B, Vidhan Sabha Marg, Lucknow - 226001||ANDB0001778|
|Gomti Nagar||3/81, Patrakarpuram, Vinay Khand, Gomti Nagar, Lucknow 226010||ANDB0001886||226011006||0522 2304501|
|Bijnor||Shyam Vihar, Kiratpur Road, Bijnor, Uttar Pradesh - 226701||ANDB0001890||246011002|
|Vikas Nagar||Cp-1, Pgtower, Kurshi Road, Vikas Nagar, Lucknow - 226020||ANDB0001911||226011007||0522 2339820|
|Aliganj||Nob-12, Sector E, Aliganj - 226024||ANDB0001976||226011008||055 226024|
|Vijayant Khand||4/179, Vijayant Khand, Gomti Nagar, Lucknow-226010||ANDB0002002||226011009||7499133022|
|Ashiyana||Block A, 103, Ashiyana, Lucknow-226012||ANDB0002153||226011011||7607132254|
|Kalyanpur||Plot No 15, Square Tower, Kanchan Bharti Marg, Kalyanpur, Lucknow-226022||ANDB0002154||226011012||7860686216|
|Hewitt Road||Shri Vimal Plaza, 50 Shivaji Marg, Hewitt Road, Lucknow, Up-226018||ANDB0002155||226011013||9838168760|
|Chowk||Aarohi Trade Centre Chowk Lucknow||ANDB0002198||226011014||0522 2253993|
|Ablock Indiranagar||A153S Block A Indira Nagar Lucknow 226012||ANDB0002199||226011015||9621238076|
|Hardoi Road||439 B 065, Thakur Ganj, Hardoi Road, Lucknow||ANDB0002436||226011016||2404933|
|Faizabad Road||K 729, Kanchanpur, Matiyari, Chauraha, Faizabad Road, Chinhat, Lucknow, 226028||ANDB0002437||2815880|
|Rajajipuram||E 1434, Rajajipuram, Lucknow||ANDB0002438||226011018||2419834|
|Gomati Nagar Extn||1 758C, Sector 1, Gomati Nagar Ext, 226010||ANDB0002832||8005204877|
|Retail Loan Express||Zonal Office, Sheetal Complex, 1St Floor, 19 B, Vidhan Sabha Marg, Lucknow, 226001||ANDB0002786||226011020||2235758|