|
|
|
| Introduction |
|
| Allahabad bank offers finance for buying new vehicle for personal use only. Loan is also available for purchasing pre-owned vehicle which is not more than 3 years old and to be used for personal purpose. The maximum loan amount limit is up to 2 times of Net Annual Income / Net Annual Salary. Bank has set a margin of 15% of the cost of vehicle, in case of new cars while the margin for an old vehicle has been set at 85% of the "Agreed Purchase Price" or 60% of the Valuation of the Vehicle, whichever is lower. |
|
|
|
|
| Highlights |
|
| |
New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
On Road |
On Road |
| Loan Amount |
Loan Limit upto: *Maximum of 2.5 times of Net Annual Income / Net Annual Salary.
*Income of spouse / father/ mother/ son/ unmarried daughter can also be clubbed, provided he/she/they become the co-borrower.
|
Loan Limit up to: *Maximum of 3 times of Net Annual Income / Net Annual Salary.
*Income of spouse / father/ mother/ son/ unmarried daughter can also be clubbed, provided he/she/they become the co-borrower
|
| Tenure |
Min. - 12 months.
Max. - 84 months.
|
Min. - 12 months.
Max. - 60 months.
|
| Interest Rate |
10.75 % |
10.75 % |
| Time to Process Loan |
7 days |
7 days |
| Preferred Manufacturers |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
|
|
 Fees & charges
Fees & charges
|
|
| |
New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Pre-Payment Charges |
2 % |
2 % |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
|
| Comment on Charges |
Margin : 15%
Processing charges:1%, Min Rs.500 |
Margin: 85%
Processing charges:1%,Min
Rs.500 |
|
|
|
Special Offers
|
Special Privileges |
|
|
| New Car |
|
Comprehensive insurance of the vehicles with Bank’s clause. |
|
| New Car |
Comprehensive insurance of the vehicles with Bank’s clause.
In case of pre-owned vehicle, the existing insurance policy, if any, to be transferred in the name of borrower with bank’s clause. |
|
|
|
|
|
|
Show All Auto Loans
|
|
|
|
Twitter