Interest Rate @8.9 % Andhra Bank Personal | Union Bank

Andhra Bank was originally founded in 1923 by a freedom fighter as well as a politician in Andhra Pradesh. This bank has currently over 2880+ branches in India with 3780+ ATMs. It is now merged with Union Bank of India.

In this post, I’ll cover the details on how to avail a personal loan from Andhra bank, its eligibility, features, contact details and many more.

Loan Details

Sl. No.CategoryData
1Loan amountUp to 5 Lakhs
2TenureUp to 60 months (5 years)
3Interest rates8.9-13%
4AgeBetween 21-55
5Lowest EMIsRs 2,202 per Lakhs

Steps to apply for Andhra bank personal loan

Step-1: Fill up the loan application form by entering true details

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Step-2: Upload the necessary documents asked in the form

Step-3: The bank authority will verify all of them and will notify you further after a decision regarding loan approval has been made

Features of Andhra bank personal loan

  • Less paperwork
  • No foreclosure or pre-payment charge
  • Loan tenure period is flexible (5 years)
  • Attractive loan amount of 5 Lakhs
  • Procedure is completed within 3 days or 72 hours

Types of Andhra bank personal loan

There are different types of personal loan at Andhra bank and they’re:

Andhra Clean loan

  • To meet the credit needs for personal expense
  • Offered to salaried, pensioners, and non-salaried people
  • Loan amount varies as per applicant’s profile

Andhra Consumer loan

  • To meet the purchase cost of home appliances or durables
  • Offered to salaried, pensioners, and non-salaried people
  • 5 Lakhs of loan is offered and is fixed

Andhra loan against KYC/LIC policy

  • To meet any personal credit needs
  • Given to them who have appropriate security adjustments
  • Loan amount up to Rs 50,000 without a third-party guarantor is given
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Eligibility criteria for Andhra bank personal loan

  • Applicant’s should be of between 21 to 55 years of age
  • Applicant must have a regular source of income
  • Applicant must have a repayment capacity

Documents required for Andhra personal loan

The necessary documents required for applying at Andhra are as follows:

For Salaried

  1. Identity proof (Driving license/Aadhar card)
  2. Residential proof (Ration card/Passport)
  3. Income proof
  4. Income slips
  5. Credit information
  6. Bank statements
  7. ITRs

For Self-employed

  1. Identity proof (Driving license/Aadhar card)
  2. Residential proof (Ration card/Passport)
  3. Credit information
  4. Property statements
  5. Business continuation proof
  6. ITRs

Union Bank of India Personal loan for Government Employees

Union bank launched this scheme to help government employees to meet their personal expenses.

Eligibility Criteria and Policies

  • Candidate Should be permanant employee working for central or state governement.
  • Candidate should have maintain salary account with Union Bank for atleast 3 months.
  • Entire loan amount should be repaid one year before retirement.
  • Maximum repayment tenure is 5 years
  • Processing fees 0.50% with minimum of Rs.500, plus service tax.
  • Up to 10 Lakh personal loan will provided.
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Comparison of Andhra bank personal loan with others

Sl. No.Bank NameLoan amountInterest ratesProcessing charge (without GST)
1ICICIUp to 20 Lakhs11.5-19.25%2.25%
2Bajaj FinservUp to 25 Lakhs12.99%3.99%
3AxisUp to 15 Lakhs10.25%2%
4DeutscheUp to 15 Lakhs9.99-11.49%2%
5CanaraUp to 3 Lakhs11.25-13.9%0.5%

Check Status

You can easily track your loan status at Andhra by clicking the following button:

Contact Details

Toll-free number: 1800-425-1515

Telephone numbers: 040-23234313, 23252000; Extension: 2422, 2577

Fax number: 23232419

Mail-id: customerser@andhrabank.co.in

Official website: Visit Now!

FAQs

1]. How soon can I get personal loan from Andhra?

You can get instant loan within 72 hours of your application.

2]. Can I pre-pay my personal loan at Andhra?

Yes, you can pre-pay your loan amount but before the defined deadlines.

3]. Are there any foreclosure charges for personal loan at Andhra bank?

No, the bank do not charge for foreclosure fees.

4]. Where to apply for personal loan at Andhra bank?

You can visit any nearer branch or you can also apply online for your personal loan.

5]. In what time, my loan amount gets disbursed into my account?

Within 3 to 7 days, your loan amount will be transferred to your bank account.

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