Two Wheeler Loan 

Two Wheeler Loan Andhra Bank – Interest Rates, Documents

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Andhra Bank Two Wheeler Loans: Get details on loans documents, Interest Rates, Eligibility, Charges. 2 wheeler loans to Individual emi calculator online.

Eligibility

  • In case of salaried class minimum take home pay of 40% after deducting the instalment for proposed loan


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Professional Details
Loan Amount:

Occupation:

Annual Income:

City:

Quantum of Finance

New Vehicle:

  • 85% of on road price (includes invoice price, Life tax, Registration charges, Insurance and accessories) for salaried class/ SME/Corporate borrowers of the Bank. For other borrowers 80% .
  • Maximum Loan Amount is Rs.1.50 lakhs.

Repayment

  • Repayable in maximum of 60 EMIs or in Quarterly/Half yearly/Yearly instalments for a maximum period of 60 months depending on the income flow and occupational status of the applicant.

Security

Hypothecation of vehicle purchased .

Documents

  • Valid driving license
  • Proforma Invoice.
  • Salary Slip
  • It Returns
  • Assessment order.
  • Documents for KYC compliance.

Other products of Andhra Bank are:

Andhra Bank personal loan
Andhra bank home loan
Andhra bank car loan
Andhra bank NRI home loan
Andhra bank two wheeler loan
Andhra bank education loan

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