Andhra Bank Personal loan | Interest Rates | Eligibility

Find details on Andhra Bank personal loan interest rates. Get instant quotes on Eligibility, Documents List, EMI & processing fees through
You Can get a personal loan from Andhra Bank for these purposes:
To provide consumer credit to individuals having an assured source of regular income to acquire consumer durables such as purchase of brand new consumer durables like Refrigerators, TVs, wooden and steel furniture, washing machines, Mixer and grinders, Cooking ranges and other house hold equipments
To meet any genuine credit requirement of the borrower for personal purpose.

₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 20 April 2019)

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Loan Amount

Employment Status


About Andhra Bank:
Andhra Bank is a medium-sized public sector bank, with a network of 2507 branches, 15 extension counters, 38 satellite offices and 2232 automated teller machines as on 31 Mar 2015 and planning to open 300+ branches by 31 March 2016.
Quantum of Finance

  • For Salaried Persons

Fresh Finance8 times gross salary subject to maximum of Rs. 1,00,000 /- (Salary should be routed through Andhra Bank)

Repeat Finance10 times gross monthly salary subject to maximum of Rs. 1,50,000/- (take home pay – 40%)

  • Take Home pay : After all deductions including the repayment instalment for the proposed loan shall not be less than 40% of gross salary.
    For Non Salaried Persons : 2 times average annual proven income (Annual income as average of last three years income shown in IT returns/ assessment orders).
    For Pensioners: 8 times of monthly pension. Cap for pensioners is Rs. 1,00,000/- . Maximum age 75 years.
    For LIC Agents :
  • For those who are income tax assesses: Two times of average renewal commission for the previous three years, subject to a maximum of Rs. 2,00,000/-
  • For those who are not income tax assesses: 50% of average renewal commission basing on a statement of income for the previous three years, subject to a  maximum of Rs. 2,00,000/-
  • Maximum age : 55 years

Repayment – Upto 5 years or 60 months EMI

Security – Nil

Other products of Andhra Bank are:

Andhra Bank personal loan
Andhra bank home loan
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Andhra bank two wheeler loan
Andhra bank education loan