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
| Particulars | Details |
|---|---|
| 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 |
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 Name | Complete Address | IFSC | MICR | Customer Care |
|---|---|---|---|---|
| Patna | Patna, Bihar | ANDB0000418 | 800011001 | |
| Sri Krishna Nagar | Road No.25, Sri Krishna Nagar, Patna - 8000001 | ANDB0001371 | 800011002 | 0612-2530239 |
| Boring Road | Steel House, Near S.K.Puri, Police Chowki, Patna, Pin - 800001 | ANDB0001630 | 800011003 | 0612-2540644 |
| Davps EC | Dav Public School Campus, Cantonment Road, Khagaul, Patna - 801105 | ANDB0001552 | 800011004 | 06115-232209 |
| Doctors Colony | K - 109, Pc Colony, Hanuman Nagar, Kankarbagh, Patna - 800020 | ANDB0001759 | 800011005 | 0612-2366274 |
| Janipur | Rai Colony , Nayatola, Phulwari Sharif , Patna | ANDB0001857 | 800011006 | 0612 2556840 |
| Musallahpurhat | Sumitra Sadan, Chak Musallahpur, Chai Tola, Patna, Bihar, 800006 | ANDB0002811 | 800011009 | 2660944 |
| Sohgi | Sitaram Bhavan, Sampatchak, Sohgi Mor, Patna, Bihar, 800007? | ANDB0002812 | 800011012 | 2494004 |
| Danapur | Raja Ram Tower, Gola Road, Digha Danapur Main Road, Patna, Bihar, 801503 | ANDB0002813 | 800011008 | 222023 |
| Bypass Mithapur | Sitaram Market, Ram Krishna Nagar, Mithapur Bypass, Patna Dist, Bihar, 800027 | ANDB0002814 | 800011010 | 2920168 |
| Pataliputra | Ground Floor, Ramayan Plaza, Pataliputra Rajapur Pool, Opp 32 Gate, Digha Main Road, Patna, Bihar, 800001 | ANDB0002850 | 800011011 | 2271700 |
| Patna City | Ground Floor, Navinawadh Aawash, Alamganj Ps, Guljarbagh Post, Patna City, Bihar, 800007 | ANDB0002910 | 800011015 | 7759857019 |
| Rajabazar | Ground Floor, H No 5, Sbi Colony 1, Sheikhpura, Raja Bazar, Patna Dist, Bihar, 800014 | ANDB0002913 | 800011014 | 9308483671 |
| Govind Mitra Road | Ashutosh Lodge, First Floor, Jain Gali, Govind Mitra Road, Patna, Bihar, 800004 | ANDB0002892 | 800011013 | 9835256120 |
| Nalaroad | First Floor, New Area Congress Maidan Road, Nala Road, Kadamkuan, Patna, Bihar, 800003 | ANDB0002957 | 800011016 | 2721233 |