Andhra Bank Two Wheeler Loans: Get details on loans documents, Interest Rates, Eligibility, Charges. 2 wheeler loans to Individual emi calculator online.
In case of salaried class minimum take home pay of 40% after deducting the instalment for proposed loan
Quantum of Finance
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.
- 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.
Hypothecation of vehicle purchased .
- Valid driving license
- Proforma Invoice.
- Salary Slip
- It Returns
- Assessment order.
- Documents for KYC compliance.
Other products of Andhra Bank are: