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    We found 1 Andhra Bank Diwali car loan offers
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.2% Floating
    ₹0
    25L - 50L
    7 Years
    Response Time : Within 30 minutes
    Documents
    Perks
    Good to Know
    Eligibility Criteria
    Andhra Bank Diwali car loan offers is Rated as "Excellent!" by 11 Users

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    Andhra Bank Diwali car loan offers

    When you think about Diwali, the first thing that comes to your mind is to buy gifts for all your loved ones. Since you care for your family so much, this Diwali why not give them the most special gift of their life- a luxurious four-wheeler! After all, Diwali is the ideal time to take the initiative for making all long-wished dreams come true.

    Apply for Car Loan Online

    Andhra Bank is providing low interest car loans with minimal income requirement of Rs.1 lakh p.a. General borrowers can get up to 15%-20% on road price of the car and women borrowers can get up to 90% financing of their car. The bank charges an affordable interest rate for 9.10% p.a. which is quite competitive compared to normal market rates. Easy EMI repayment facility with extended tenure of up to 7 years is another perk of this car loan. You can buy a new car or a used one as per your preference using the loan.

    With the lucrative Andhra Bank car loan offers, this Diwali you can avail higher loan amount even with a minimum income. To know what more exclusive offers and discounts the bank has in store for you, apply for an Andhra Bank car loan on the Bank Bazaar website.


    Key Features of Andhra Bank Car Loan

    Andhra Bank car loan is a saviour for people who don’t fall within the required income bracket for this loan. This bank has made it possible for buyers of every section to get a car loan by lowering the income requirement margin. Some other key features of this borrowing option are as follows:

    • It offers a wide range of car loan schemes for the borrowers to choose from.
    • You can apply for a loan amount starting from Rs.25 lakh to Rs.50 lakh for buying four-wheelers.
    • All category and brands of cars are covered under the car loan scheme of Andhra Bank.
    • A minimum of 1 year and maximum of 7 years repayment tenure is provided to the borrower for new cars. In case of used cars, the repayment tenure is up to 5 years.
    • No loan processing fee is charged by the bank on the approval of the loan.
    • Income certificate of the borrower is sufficient to get the loan.
    • The rate of interest is fixed at 9.10% p.a. by the bank which is quite competitive compared to the market rate.
    • Minimum salary of Rs.1 lakh p.a. is sufficient to get an Andhra Bank car loan. Hence, members from low income group can easily buy a car availing this loan.
    • Individuals who are above 18 years of age and below 65 years are eligible to apply for this loan. The age of the applicant must be below 65 years at the time of loan closure.
    • The bank allows foreclosure of the loan after a certain time-period with a minimal fee.
    • You will get flexible and easy EMI options to repay the loan amount within the specific tenure.
    • The process of loan approval and disbursal is hassle-free and quick.
    • The bank also offers pre-owned car financing but the car should not be more than 3 years old.
    • Corporate customers and private firms can also avail a car loan from Andhra Bank.
    • There are special offers and other facilities for women borrowers.

    Andhra Bank 2017 Diwali Offers on Car Loan

    Andhra Bank is providing the following car loan Diwali offer to make your dream of owning a car turn into a reality:

    • There will be no processing fee for car loans till 31 October,2017.

    Andhra Bank Car Loan Eligibility

    Andhra Bank is providing loans to car buyers with low income who are otherwise not eligible for car loans. The bank provides a number of benefits on the loan due to which it stands out as the most profitable option for different sections of buyers. The minimum monthly income requirement to apply for a loan from this bank is Rs.1 lakh p.a.


    Things to Know Before Applying Andhra Bank Car Loan on BankBazaar

    For every interested car buyer, it is important to have knowledge about some of the basic aspects of Andhra Bank car loan offers. Check out these vital things to get hold of your dream car during this Diwali without any hassles:

    • First check all the given information; then compare the features, benefits and rates offered by the bank. If you agree with all of them proceed to apply.
    • Decide the car which you want to buy before placing the loan request as the loan amount depends on the car model.
    • Find out the ‘Documentation Needed to Apply’ section on the official website of BankBazaar and arrange all of them prior to applying.
    • If you are a woman borrower, check out the special offers and benefits properly to make sure you don’t miss anything.
    • The loan amount will be disbursed in your account directly once it is approved. It might take some time in the process.
    • Once you receive the loan, make sure to pay the EMIs and make loan repayments on time to increase your credibility as a reliable and good customer. This will also improve your credit score.

    Avail Andhra Bank Diwali Car Loan Offer 2017 through BankBazaar

    Andhra Bank follows a transparent and hassle-free loan process because of which it has garnered good name and acceptability among the users. To avail all its benefits and offers apply for the loan on BankBazaar website. Once you visit the site, check your eligibility for the loan using the ‘BankBazaar Eligibility Calculator’ and find out whether you are eligible for the loan or not. If you find yourself eligible, using the ‘Get Quote’ tab to invite customised quotes from the bank.

    Car Loan Reviews

    • andhra Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Andhra bank and my loan experience was good. The loan amount was for Rs 6.4 lakhs with nominal interest rate when compared to other banks. The car model is Swift Dzire and the loan amount was 85% of the car value. Customer service was good and they followed up on time. The tenure of this loan is 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 16, 2018
    • andhra Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the car loan with the Andhra bank and the interest rate is around 9.1%, also the customer service is fine one and the responsiveness too. Its totally fine one for me with them. The disbursal got happens on immediate manner from the Andhra bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • andhra Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience with Andhra Bank was very good, the loan amount was for Rs 6.80 lakhs with the nominal rate of interest when compared to all other banks. The loan amount was based on the on-road price. Customer service was good, they followed up correctly and i received my loan amount within the given time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 04, 2018
    • andhra Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I applied for my car loan with my parent bank which is Andhra Bank after closing my car loan application with HDFC Bank as it will be very easy for me to communicate with the bank staffs and also for payments and EMI options. There was no processing fees and the rate of interest is 9.1% which is good when compared with HDFC Bank.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 04, 2017
    • andhra Bank Car Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      ANDHRA Bank offered me a Car loan with 10.5% rate of interest and its quiet less compare to other banks. Process was good and they accept the application in a quick manner and I am happy with their service. I have got proper response from them over all the loan got approved in three days
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 29, 2017
    • andhra Bank Car Loan
      "Best process"
      0.5 4.0/5 "Great!"
      "All the documents were collected in one go by Andhra bank and my loan was sanctioned in no minutes. Best of all, they had provided the least rate of interest and it is a floating rate too. On top of all that they did not collect any processing fees nor any charges too. My only concern with them was they were in need of a guarantor . "
      Was this review helpful? 1
      , kurnool
      Reviewed on Apr 20, 2017
    • andhra Bank Car Loan
      "Very quick process"
      0.5 5.0/5 "Blown Away!"
      Previously I had taken a car loan from Andhra Bank in 2013 as they had quite competitive rates. The process was very easy and hassle free. They took just 48 hours to complete the loan process. Since I had a savings account with them it helped in easy processing of the loan as they already have my details.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 28, 2016
    • andhra Bank Car Loan
      "Andhra bank is not transperent ."
      0.5 0.5/5 "Unacceptable"
      I took a car loan in Andhra bank in Jan2014 . I took 4 lakhs at 11% pa . Which means I have to pay an EMI of 8697 but they quote the EMI as 9041 . If you want to track the Loan by logging online they don't give you your login details . Till now I applied for Online account twice but did not get any response. Very poor service.
      Was this review helpful? 1
      , karimnagar
      Reviewed on Dec 30, 2015
    • andhra Bank Car Loan
      "Satisfactory.."
      0.5 5.0/5 "Blown Away!"
      ANDHRA Bank offered me a Car loan with 10.20% rate of interest and its quiet less compare to other banks. Process was good and they accept the negotiation and I am happy with their service. I have got proper response in the branches. They resolve the queries immediately.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 14, 2015
    • andhra Bank Car Loan
      "best"
      0.5 5.0/5 "Blown Away!"
      I got the car loan with the car loan with Andhra bank.I just got the loan with 10.25%.I got the loan within 3 days.I am an employee , so I got some of the good offers.There was no processing charges and since 31st march , the processing charges and fees are waived off.
      Was this review helpful? 4
      , gurgaon
      Reviewed on Jun 13, 2015
    • andhra Bank Car Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Andra Bank. I was able to enjoy the car due to this loan that was the first thing about it. I have almost paid 90% of the loan . Only 20000 is left. They even gave some concession on processing fee. I can also make part payment . It took the loan for 5 lakhs and I am left with 20000 only.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Jan 30, 2015
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