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Andhra Bank Two Wheeler Loan
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Andhra Bank was incorporated in the year 1923. It was founded by the respected freedom fighter Dr. Bhogaraju Pattabhi Sitaramayya. On 28th November 1923, the bank started its operations with an authorized capital of Rs. 10 lakhs and paid amount of Rs 1 lakh. Currently, the bank has a presence of an extensive network with 2536 branches, as on 31st January 2015. The bank offers several financial products along with services in the Retail, Corporate, Agriculture, and MSME areas, as well. Among the numerous other products and services produced, Andhra Bank provides two-wheeler loans to its customers. Exceptionally endowed with innovative features to increase the convenience of customers, Andhra Bank two-wheeler loan is the best choice to make.

Two-Wheeler Loan

Andhra Bank offers two wheeler loans to individuals at competitive and affordable interest rates. The possession of credit involves minimum and hassle-free documentation. The bank has USP in its quick defrayal of loans. Andhra Bank two-wheeler loans provide you with excellent financial assistance in buying a two-wheeler of your choice.

Features of Andhra Bank Bike Loan

Following are the features which make the Andhra Bank one of the unique banks in the auto loan market:

  • The quantum of finance provided is 85% of on-road price (which includes registration charges, insurance, accessories, invoice price, and life tax) for the salaried class, SME, and corporate borrowers.

  • For any applicants except the type mentioned above, the quantum of finance is 80%.

  • The maximum amount of loan provided by the Andhra bank is Rs.5.00 lakhs.

  • The repayment tenure consists of maximum 60 EMIs, or in quarterly/half yearly/yearly installments for a maximum period of 60 months. It depends on the borrower's steady income flow and occupational status.

  • For a bank the two-wheeler works as a security.

  • The bank sanctions the loan through the co-obligation of the third party as well.


  • If the borrower is salaried, the minimum take-home amount should be 40% after deduction of the installment for the proposed loan amount.

  • The loan can be acquired by a non-earning applicant, based on the parent's income eligibility where the parent needs to be listed as the co-applicant.

Documentation Requirement

  • Income Tax Returns

  • Proforma Invoice

  • Copy of the applicant's driving license

  • Salary slips of last two months

  • KYC Documents

Interest Rate of the Loan

The rate of interest of two-wheeler loan is:

  • For loans up to 36 months: Base rate + 1.75 %

  • For loans more 36 months: BR + 1.75%+0.25


Q1. What is the quantum of credit provided by Andhra Bank for two-wheeler loans?

The quantum of finance provided is 85% of on-road price (which includes registration charges, insurance, accessories, invoice price and life tax) for the salaried class, SME and corporate borrowers. For applicants who don't belong to the former category, the quantum of finance would be 80%.

Q2. If I am an individual, who is studying and wants to take a two wheeler loan from Andhra Bank. Can I use my parent's name as a co-applicant?

Yes. The loan can be acquired by the applicant who is 18 years old and a student based on the parent's income eligibility.