Allahabad Bank Car Loan
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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 Min. – Rs 50000
Max. – Rs 90Min. – Rs 50000
Max. – Rs 85Tenure Min. – 12 Yrs. Min. – 12 Yrs. Interest Rate 10.5 % 11.5 % 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 Legal, Repossession and Incidental Charges As Per Actuals As Per Actuals Published on August 2, 2010 · Filed under: Allahabad Bank Car Loan, Car Loan;
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