Car Loan Rates EMI 2024

Andhra Bank Car Loan in Patna

Andhra Bank Car Loan in Patna

Last Updated : March 24, 2017, 5:52 p.m.

About Andhra Bank Car Loan Patna

Patna is well connected by road and hence has a high population of people with private vehicles. Having said that, Andhra Bank car loan is one of the most demanding car loans in Patna as the interest rate is affordable and repayment facility is also flexible. Read this article to know more about the Andhra Bank car loan scheme offered in Patna.

Andhra Bank Car Loan in Patna 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 Patna. 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 Patna

Andhra Bank Patna Branch Details

Branch NameComplete AddressIFSCMICRCustomer Care
PatnaPatna, BiharANDB0000418800011001
Sri Krishna NagarRoad No.25, Sri Krishna Nagar, Patna - 8000001ANDB00013718000110020612-2530239
Boring RoadSteel House, Near S.K.Puri, Police Chowki, Patna, Pin - 800001ANDB00016308000110030612-2540644
Davps ECDav Public School Campus, Cantonment Road, Khagaul, Patna - 801105ANDB000155280001100406115-232209
Doctors ColonyK - 109, Pc Colony, Hanuman Nagar, Kankarbagh, Patna - 800020ANDB00017598000110050612-2366274
JanipurRai Colony , Nayatola, Phulwari Sharif , PatnaANDB00018578000110060612 2556840
MusallahpurhatSumitra Sadan, Chak Musallahpur, Chai Tola, Patna, Bihar, 800006ANDB00028118000110092660944
SohgiSitaram Bhavan, Sampatchak, Sohgi Mor, Patna, Bihar, 800007?ANDB00028128000110122494004
DanapurRaja Ram Tower, Gola Road, Digha Danapur Main Road, Patna, Bihar, 801503ANDB0002813800011008222023
Bypass MithapurSitaram Market, Ram Krishna Nagar, Mithapur Bypass, Patna Dist, Bihar, 800027ANDB00028148000110102920168
PataliputraGround Floor, Ramayan Plaza, Pataliputra Rajapur Pool, Opp 32 Gate, Digha Main Road, Patna, Bihar, 800001ANDB00028508000110112271700
Patna CityGround Floor, Navinawadh Aawash, Alamganj Ps, Guljarbagh Post, Patna City, Bihar, 800007ANDB00029108000110157759857019
RajabazarGround Floor, H No 5, Sbi Colony 1, Sheikhpura, Raja Bazar, Patna Dist, Bihar, 800014ANDB00029138000110149308483671
Govind Mitra RoadAshutosh Lodge, First Floor, Jain Gali, Govind Mitra Road, Patna, Bihar, 800004ANDB00028928000110139835256120
NalaroadFirst Floor, New Area Congress Maidan Road, Nala Road, Kadamkuan, Patna, Bihar, 800003ANDB00029578000110162721233

Related Post