होम  »  बैंकिंग  »  Loans  »  Personal Loan  »  Andhra Bank Personal Loan

Andhra Bank Personal Loan

Loan Name Interest Rate Processing Fee Loan Amount Tenure
Andhra Bank Consumer Loan MCLR (One year) + 2.85% - MCLR (One year) + 4.3% 0 maximum of 75% of price of article maximum 60 months
Details
Documents Required

  • Salary slip of the individual employees
  • Assessment Order
  • Income Tax Returns Form
  • Property Statement
  • For Non – Salaried Employees – Property Statement or Latest Income Tax Assessment Order
  • Proof of Residential Address
  • PAN Card
  • Latest quotation for the article which is proposed to be purchased
Benefits

  • Lower interest rates
  • Minimum processing fee
  • Get maximum tenure to repay the loan is 60 months
  • Spouse or father or any other third party can act as a co-applicant (one should have a regular income and sufficient worth)
Eligibility

  • The applicant should be a resident Indian.
  • One should have a regular source of income
  • Any individual who has a repayment capacity can avail the loan
  • Pensioners who are drawing a pension in any of the Andhra Bank’s branch
Other Details

  • One can avail this loan to buy any of the consumer durables or any other household appliances.
  • The article purchased out of loan amount will act as a hypothecated security for the bank.
  • The maximum amount of loan sanctioned in case of salaried individuals is 10 months gross salary
    or
  • In case of non-salaried class – 40% of gross annual income
    or
  • For Pensioners – 4 months pension amount
    or
  • 75% of the cost of the article (whichever is less)
Andhra Bank Professional Loan Base Rate + 3.25%=13.5% 0.50% of loan amount Rs 10,00,000 up to 60 months
Details
Documents Required

  • Salary slip of the individual employees
  • Income Tax Returns Form
  • For Non – Salaried Employees – Property Statement or Latest Income Tax Assessment Order
  • Proof of Residential Address
  • PAN Card
  • Aadhaar Card
Benefits

  • Lower interest rates
  • Processing charges are minimum
  • Get quick approval
  • Get maximum loan amount
Eligibility

  • All the practising Chartered Accountants, Engineers, Management or Financial consultants, Valuers, Architects, Cost Accountants, Company Secretaries and so on can apply for the loan.
  • The applicant should be an assessee as per the Income Tax Act rules for a minimum of two years
  • The applicant should be a registered member with the respective professional board or body or association.
Other Details

  • Professional can take a loan to establish or to renovate their office premises or for furnishing office premises or for the purchase of tools, equipment, books, working capital requirements.
  • The maximum loan amount is Rs 10 lakhs.
  • Processing fees is 0.50% of loan amount.
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