Allahabad Bank Car Loan
Features: 'Allahabad Bank Car Finance Scheme' offers loans for buying new or old vehicles for personal use only. The loan is available to salaried as well as self-employed individuals. One can get up to 85 per cent of the cost of a new vehicle as a loan. In case of a 'pre-owned' vehicle, the loan amount will be restricted to 85 per cent of the agreed purchase price or 60 per cent of the valuation of the vehicle, whichever is lower.
Processing Fees: Rs. 1000
Prepayment Charges: 2% of outstanding loan amount
Down-payment: 15%
Max Tenure: 4
| Plan | Interest Rate Min | Interest Rate Max | EMI | Processing Fee |
|---|
Allahabad Bank - New - Floating
10.5
10.5
2560
Rs. 1000
| Allahabad Bank - New - Floating | 10.5 | 10.5 | 2560 | Rs. 1000 |
Allahabad Bank - Old - Floating
10.5
10.5
2560
Rs. 1000
| Allahabad Bank - Old - Floating | 10.5 | 10.5 | 2560 | Rs. 1000 |