Andhra Bank Car Loan in New Delhi

About Andhra Bank Car Loan New Delhi

A car of your own is everyone’s desire but when the cost is out of budget, car loans become the best option. Andhra Bank offers affordable car loans at low-interest rates with the flexible repayment capacity. Read this article to know about the car loan scheme offered by Andhra Bank in New Delhi.

Andhra Bank Car Loan in New Delhi 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 New Delhi. 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 New Delhi

Andhra Bank New Delhi Branch Details

Branch NameAddressIFSC CodeMICRContact details
Asaf Ali RoadAjmeer Extension 1/22A, Asaf Ali Road, New DelhiANDB0000025110011003011-223230234
Connaught CircusP.B 536, M - 35, Connaught Circus, New Delhi - 110001ANDB0000084110011005
Green ParkR - 3, Main Market, Green Park, New Delhi - 110016ANDB0000162110011006
JanakpuriB - 1/1 - Janakpuri, New Delhi - 110058ANDB0000268110011007
Karol Bagh15A/13, Wea, Azmal khan Road, Karolbagh, New DelhiANDB0000307110011008011-25726451
R K PuramDDA Shopping Complex, Sector - 6, New Delhi 110022ANDB0000481110011009
Lajpat NagarJ - 41, Central Market, Lajpat Nagar - Ii, New DelhiANDB0000586110011011011-298349
Lawrence RoadB - 50, Industrial Area, Lawrence Road, New DelhiANDB0000587110011012011-27181322
Vishwas Nagar27/42, 60 Feet Road, Viswas Nagar, New Delhi - 110032ANDB0000628110011010011-22382663
Chandni Chowk330, Haveli Hyderaquili, Chandni Chowk, DelhiANDB0000773110011004011-23992549
Sadar Bazar1St Floor, 4341 - 42, Pahari Dhiraj, Sadar Bazar, DelhiANDB0000953110011002011-23558914
Rajadhani EnclavePlot - 298, Road No.44, Rajadhani Enclave, Pitampura, New Delhi - 110034ANDB0001042110011013011-27106869
Vasanth KunjB - 5, DAV School, Vasant Kunj, New DelhiANDB0001078110011014?011-26899161
Jawaharlal Nehru StadiumLodi Road, New Delhi - 110003ANDB0001085110011015
A P BhavanA P Bhavan, Ashoka Road, New Delhi -ANDB0001089110011016011-23071059
Preet ViharPreet Vihar, New DelhiANDB0001092110011017011-22010976
DwarakaPlot No - 15, 101 - 107, Commercial Complex, Sector - 10, Dwarka, New DelhiANDB0001132110011023011-25071813
RohiniA - 1/19, Prashant Vihar, Sector- 14, Rohini, New Delhi - 110085ANDB0001173110011024011-27554796
Pankha RoadC - 1/103 Pankha Road, Janakpuri, New Delhi 110058ANDB0001195110011025011-25615020

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