Allahabad Bank Car Loans

Find details of allahabad bank car loan through Allahabad Bank EMI calculator. Just enter the loan amount of car you want to get financed and rate of interest. Allahabad Bank EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.

Also see :   Car Loan Emi Calculator
Allahabad Bank
Allahabad Bank

New Car Loan Rates

Tenure5 Years
Down Payment0.15
Processing FeeSalaried: Nil, Others: 1% Min
Interest Rate11.00
Document Charges
Allahabad Bank avails you with host of services and facilities online with which you can get car loan approval in an easier way. The customers who are dreamt of owning their desired car will turn their dream into reality via the golden opportunity provided by Allahabad Bank. The eligibility criteria set by the bank that any individual having minimum gross income of Rs. 1.00 lakh per annum erases the hindrance that only silver-spooned can purchase the latest available cars. The bank even churns out the repaying capacity of an individual who had applied for loan by extending the tenure up to 8 years for new car while it is 5 years for used cars. Vicky. in proves to be the powerful tool through the provision of accurate information on processing fee, documentation charges, EMI amount of such banks

Loan Eligibility Calculator

Allahabad Bank Car Loan eligibility, Interest Rate, documents and process

Eligibility Criteria : Car Loan


Salaried Self
Age The loan should be repaid at least three months before the date of retirement from service Repaid before attaining the age of 70 years
Income Minimum gross monthly income Rs.25000/- An IT assesee With full collateral security, IT assessment order/IT return may be waived
Job Experience Information not available Information not available
Residence Proof Information not available Information not available

Docs Required : Car Loan


Salaried Self
ID Proof Copy of passport/Voters ID card/PAN card/Driving license Copy of passport/Voters ID card/PAN card/Driving license
Address Proof Passport/Voters ID/Driving License/Latest Electricity bill/Latest Landline Telephone Bill/Any other Valid Address proof Passport/Voters ID/Driving License/Latest Electricity bill/Latest Landline Telephone Bill/Any other Valid Address proof
DOB Proof Information not available Information not available
Financial Docs
Signature identification from bankers of borrower(s)
Latest Salary Slip
Bank Statement for last 6 months
I.T. Returns/Form 16 for last 2 years
Signature identification from bankers of borrower(s) Latest Salary Slip Bank Statement for last 6 months I.T. Returns/Form 16 for last 2 years
Bank Statements(latest 6 months bank statement /passbook) Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA