Allahabad Bank Car Loan Interest Rates
Allahabad Bank Car Loan Interest Rates
| Base Rate | 9.10% |
| Rate of Interest | 9.10% |
| Margin | 15% of the vehicle’s on-road price and this includes one time registration along with first time insurance charge and road tax |
| Loan Limit | Thrice the net annual salary |
| Loan Tenure | 12 months to 84 months |
| Minimum monthly income required | Rs. 25000 for salaried individuals |
| Prepayment Penalty | In case of a takeover, 2% of the outstanding balance. |
| Processing Charges | 1% of the amount taken as loan(minimum of Rs.500) However, Allahabad Bank employees are exempted from paying processing charges |
| Mortgage Charges | NA |
| Inspection Charges | Nil |
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