{"id":179,"date":"2018-02-22T06:55:21","date_gmt":"2018-02-22T01:25:21","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=179"},"modified":"2018-02-22T13:15:00","modified_gmt":"2018-02-22T07:45:00","slug":"900071-andhra-bank-current-benchmark-prime-lending-rate","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900071-andhra-bank-current-benchmark-prime-lending-rate.html","title":{"rendered":"Andhra Bank – Current Benchmark Prime Lending Rate"},"content":{"rendered":"

Andhra Bank – Current Benchmark Prime Lending Rate or Minimum Interest Rate for Loans<\/strong><\/p>\n

New Delhi (Delhi, India), February 22, 2018<\/p>\n

Andhra Bank Cuts Benchmark Prime Lending Rate to 13.95%<\/strong><\/p>\n

The Andhra Bank has decreased its Benchmark Prime Lending Rate (BPLR) by 0.05 percent, or 05 basis points with effect from Saturday, October 15, 2016.<\/p>\n

Andhra Bank has revised its Benchmark Prime Lending Rate for home loans, personal loans and consumer loans from 14.00 percent to 13.95 percent per annum.<\/p>\n

Andhra Bank uses Benchmark Prime Lending Rate for determining the interest rates on home loans and advances sanctioned up to June 30, 2010.<\/p>\n

Andhra Bank has also reduced its Base Rate (BR) or the minimum lending rate from 9.70 percent to 9.55 percent per annum with effect from Sunday, October 01, 2017.<\/p>\n

Andhra Bank determines its interest rates on all loans and advances, including consumer loans, lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.<\/p>\n

Andhra Bank’s current interest rate cut will decrease the cost of funds for those people who have taken their home loan advances on floating rate of interest. However, this interest rates revision will not affect the Andhra Bank’s fixed rate customers, as their contracted rates will remain unchanged.<\/p>\n

Historical Data for Andhra Bank’s Benchmark Prime Lending Rate (BPLR)<\/strong><\/p>\n

October 15, 2016 BPLR: 13.95%
\nSeptember 29, 2015 BPLR: 14.00%
\nJune 11, 2015 BPLR: 14.25%
\nAugust 19, 2013 BPLR: 14.50%
\nJuly 22, 2013 BPLR: 14.25%
\nMarch 01, 2013 BPLR: 14.50%
\nMay 01, 2012 BPLR: 14.75%
\nAugust 01, 2011 BPLR: 15.00%
\nJuly 11, 2011 BPLR: 14.50%<\/p>\n

Historical Data for Andhra Bank’s Base Rate<\/strong><\/p>\n

October 01, 2017 Base Rate: 9.55%
\nOctober 15, 2016 Base Rate: 9.70%
\nSeptember 29, 2015 Base Rate: 9.75%
\nJune 11, 2015 Base Rate: 10.00%
\nAugust 19, 2013 Base Rate: 10.25%
\nJuly 22, 2013 Base Rate: 10.00%
\nMarch 01, 2013 Base Rate: 10.25%
\nMay 01, 2012 Base Rate: 10.50%
\nAugust 01, 2011 Base Rate: 10.75%
\nJuly 11, 2011 Base Rate: 10.25%
\nMay 09, 2011 Base Rate: 10.00%
\nFebruary 05, 2011 Base Rate: 9.50%
\nDecember 13, 2010 Base Rate: 9.00%
\nOctober 05, 2010 Base Rate: 8.50%
\nJuly 01, 2010 Base Rate: 8.25%<\/p>\n

Andhra Bank – Deposits and Loans Interest Rates<\/strong><\/a>
\nCurrent Deposits and Loans Interest Rates of Andhra Bank<\/p>\n","protected":false},"excerpt":{"rendered":"

Andhra Bank has decreased its Benchmark Prime Lending Rate by 0.05%, or 05 basis points with effect from Saturday, October 15, 2016. This interest rate cut will decrease the cost for those people who have taken their loans on floating rate of interest.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[148,153,152,38,40],"class_list":["post-179","post","type-post","status-publish","format-standard","hentry","category-banking","tag-andhra-bank","tag-andhra-bank-benchmark-rate","tag-andhra-bank-lending-rate","tag-benchmark-prime-lending-rate","tag-current-benchmark-prime-lending-rate"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=179"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/179\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}