Andhra Bank Car Loan in Noida

About Andhra Bank Car Loan Noida

Andhra Bank offers a wide array of loans and car loan scheme is one of the most demanding loans in Noida. The car loan scheme of Andhra Bank is designed by keeping in mind the affordability and needs of the customers. Read this article to know more about the car loan in Noida like the eligibility criteria and branch details.

Andhra Bank Car Loan in Noida 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 Noida. 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 Noida

Andhra Bank Noida Branch Details

Branch NameComplete AddressIFSCMICRCustomer Care
NoidaPlot No : 778, A Block, Sector - 19, Noida - 201301 U.PANDB00011061100110200120-2532223
Housing Finance Noida107 - Vishal Chamber, Sec - 18, NoidaANDB00011491100110280120-2516703
DAV NoidaE - 37, Sec - 55, NoidaANDB00013581100110350120-2490696
Greater NoidaKaisons Alpha Square A - 3, Greater Noida - 201308, Uttar PradeshANDB00016951100110539582012495
Noida Sector 48Shopping Planet, C-232 A/1, Main Dst Road, Noida Sector 48, - 201301ANDB00020251100110640120 2559400

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