Andhra Bank Personal loan – Interest Rates 2020, EMI, Eligibility, Reviews

Find details on Andhra Bank personal loan interest rates. Get instant quotes on Eligibility, Documents List, EMI & processing fees through Deal4loans.

Rate of Interest for Personal Loan Andhra Bank

Clean Loans / Cash Personal loan = 10.90% – 13.00%

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 24 January 2021)

Compare Personal Loan Rates – Eligibility – Process of Top 10 Banks. Check CIBIL score absolutely FREE.

Loan Amount

Employment Status


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

Toll Free Number: 1800 425 1515

Andhra Pradesh – Srikakulam, East Godavari, West Godavari & Guntur

Odisha – Ganjam & Gajapati

Telangana – Warangal Rural, Siddipet, Jagtial, Sircilla Rajanna, Peddapally, Mancherial, Wanaparty, NagarKarnool, Jogulamba Gadwal

Other products of Andhra Bank are:

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

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