Andhra Bank Car Loan in Lucknow

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

ParticularsDetails
Interest Rate

9.20%

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 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.

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 Lucknow

Andhra Bank Lucknow Branch Addresses

Branch NameComplete AddressIFSCMICRCustomer Care
Lucknow35, Aminabad, Literature Palace, Lucknow, Utter PradeshANDB00003442260110020522-2629134
IndiranagarBehind Central Academy School, Sec - 9, Indira Nagar, Lucknow - 2260016ANDB00015312260110030522-2342086
Alam BaghKsm Towers, Cp - 1, Alam Bagh, LucknowANDB0001657226011004O9911199299
Zonal Office47/27, A-3, Sheela Complex, 19-B, Vidhan Sabha Marg, Lucknow - 226001ANDB0001778
Gomti Nagar3/81, Patrakarpuram, Vinay Khand, Gomti Nagar, Lucknow 226010ANDB00018862260110060522 2304501
BijnorShyam Vihar, Kiratpur Road, Bijnor, Uttar Pradesh - 226701ANDB0001890246011002
Vikas NagarCp-1, Pgtower, Kurshi Road, Vikas Nagar, Lucknow - 226020ANDB00019112260110070522 2339820
AliganjNob-12, Sector E, Aliganj - 226024ANDB0001976226011008055 226024
Vijayant Khand4/179, Vijayant Khand, Gomti Nagar, Lucknow-226010ANDB00020022260110097499133022
AshiyanaBlock A, 103, Ashiyana, Lucknow-226012ANDB00021532260110117607132254
KalyanpurPlot No 15, Square Tower, Kanchan Bharti Marg, Kalyanpur, Lucknow-226022ANDB00021542260110127860686216
Hewitt RoadShri Vimal Plaza, 50 Shivaji Marg, Hewitt Road, Lucknow, Up-226018ANDB00021552260110139838168760
ChowkAarohi Trade Centre Chowk LucknowANDB00021982260110140522 2253993
Ablock IndiranagarA153S Block A Indira Nagar Lucknow 226012ANDB00021992260110159621238076
Hardoi Road439 B 065, Thakur Ganj, Hardoi Road, LucknowANDB00024362260110162404933
Faizabad RoadK 729, Kanchanpur, Matiyari, Chauraha, Faizabad Road, Chinhat, Lucknow, 226028ANDB00024372815880
RajajipuramE 1434, Rajajipuram, LucknowANDB00024382260110182419834
Gomati Nagar Extn1 758C, Sector 1, Gomati Nagar Ext, 226010ANDB00028328005204877
Retail Loan ExpressZonal Office, Sheetal Complex, 1St Floor, 19 B, Vidhan Sabha Marg, Lucknow, 226001ANDB00027862260110202235758

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