A special car loan package has been launched by Andhra Bank for limited period of time. The bank will offer car loan at special interest rates and concessional processing charges under this scheme. It has been christened as ‘New Year Car Campaign'.
The bank has slashed down the processing charges under the facility. The bank will charge an interest rate of 12.25% if the loan is borrowed for duration of less than 3 years. For duration of more than 3 years the interest rate charged is 12.50%.
Customers can avail this facility till 15th February.