{"id":186,"date":"2018-02-22T10:25:59","date_gmt":"2018-02-22T04:55:59","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=186"},"modified":"2018-02-23T00:04:19","modified_gmt":"2018-02-22T18:34:19","slug":"900078-andhra-bank-current-personal-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900078-andhra-bank-current-personal-loan-interest-rates.html","title":{"rendered":"Andhra Bank – Current Personal Loan Interest Rates"},"content":{"rendered":"

Andhra Bank – Current Personal Loans Interest Rates<\/strong><\/p>\n

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

Andhra Bank Cuts Personal Loan Interest Rate to 11.25% Per Annum<\/strong><\/p>\n

The Andhra Bank has decreased its personal loan interest rates by 0.25 percent, or 25 basis points with effect from Monday, September 11, 2017.<\/p>\n

Andhra Bank has revised its personal loan minimum interest rate from 11.50 percent to 11.25 percent per annum (MCLR-1Year + 2.85%) for Andhra Bank personal loan applicants.<\/p>\n

The personal loan interest rate of Andhra Bank is benchmarked or linked to its One-Year MCLR (Marginal Cost of Funds based Lending Rate). Andhra Bank’s current One-Year MCLR, which is called MCLR-1Y, is 8.40 percent per annum with effect from Monday, September 11, 2017.<\/p>\n

Andhra Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail Andhra Bank personal loans.<\/p>\n

Andhra Bank – Current Personal Loan Interest Rates for the New Loans<\/strong><\/p>\n

Andhra Bank Personal Loan Interest Rate for Purchase of Consumer Durables and Household Appliances:<\/strong> 11.25% to 12.75% Per Annum (MCLR-1Year + 2.85% to MCLR-1Year + 4.35%)<\/p>\n

Andhra Bank Personal Loan Interest Rate for Salaried and Self-Employed Applicants:<\/strong> 11.40% to 12.90% Per Annum (MCLR-1Year + 3.00% to MCLR-1Year + 4.50%)<\/p>\n

Andhra Bank Personal Loan Interest Rate for Doctors or Medical Practitioners Applicants:<\/strong> 11.75% Per Annum (MCLR-1Year + 3.45%)<\/p>\n

Andhra Bank Personal Loan Interest Rate for Practising Chartered Accountants, Company Secretaries, Cost Accountants, Architects, Engineers, Financial Consultants, etc.:<\/strong> 11.75% Per Annum (MCLR-1Year + 3.45%)<\/p>\n

Andhra Bank Personal Loans Rate of Interest is Floating or Fixed:<\/strong> Fixed Rate of Interest<\/p>\n

Andhra Bank Personal Loan Processing Fee:<\/strong> 0.50% of the Personal Loan Amount (Minimum Rs. 500 Maximum Rs. 5,000 plus GST)<\/p>\n

Andhra Bank Personal Loan Documentation Charges:<\/strong> Rs. 250 plus GST<\/p>\n

Andhra Bank Personal Loan Minimum Borrowing Amount:<\/strong> Minimum Personal Loan Amount is Rs. 50,000<\/p>\n

Andhra Bank Personal Loan Maximum Borrowing Amount:<\/strong> Maximum Personal Loan Amount is Rs. 20,00,000<\/p>\n

Minimum Tenure for the Andhra Bank Personal Loans:<\/strong> Minimum Personal Loan Tenure is 12 Months<\/p>\n

Maximum Tenure for the Andhra Bank Personal Loans:<\/strong> Maximum Personal Loan Tenure is 60 Months<\/p>\n

Minimum Net Income Requirement for Availing Andhra Bank Personal Loans:<\/strong> Minimum Net Income Required is Rs. 12,000 Per Month<\/p>\n

Minimum Age Limit for Getting the Andhra Bank Personal Loan Sanctioned:<\/strong> Minimum Age 21 Years at the Time of Personal Loan Commencement<\/p>\n

Maximum Age Limit for Getting the Andhra Bank Personal Loan Sanctioned:<\/strong> Maximum Age 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants<\/p>\n

Andhra Bank Personal Loan Prepayment Penalty:<\/strong><\/p>\n

No prepayment allowed within 12 months from the date of disbursement of the Personal Loan<\/p>\n

4% of the Principal Outstanding plus GST within 13 to 24 months from the date of first EMI of Personal Loan<\/p>\n

3% of the Principal Outstanding plus GST within 25 to 36 months from the date of first EMI of Personal Loan<\/p>\n

2% of the Principal Outstanding plus GST after 36 months from the date of first EMI of the Personal Loan<\/p>\n

Andhra Bank Personal Loan Pre Closure Charges:<\/strong><\/p>\n

No foreclosure allowed within 12 months from the date of disbursement of the Personal Loan<\/p>\n

4% of the Principal Outstanding plus GST within 13 to 24 months from the date of first EMI of Personal Loan<\/p>\n

3% of the Principal Outstanding plus GST within 25 to 36 months from the date of first EMI of Personal Loan<\/p>\n

2% of the Principal Outstanding plus GST after 36 months from the date of first EMI of the Personal Loan<\/p>\n

Charges for Andhra Bank Personal Loan EMI Late Payment:<\/strong> Minimum 2% Per Month of the Andhra Bank Personal Loan EMI Outstanding Amount plus GST<\/p>\n

Andhra Bank Personal Loan EMI Cheque, SI, or ECS Bounce Charges:<\/strong> Rs. 500 plus GST<\/p>\n

Different Options for Making Andhra Bank Personal Loan EMI Payments:<\/strong> The four options for making Loan EMI payments are Internet Banking, Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)<\/p>\n

Security, Collateral, or Guarantor Requirement for the Andhra Bank Personal Loan:<\/strong> No Security, Collateral, or Guarantor is Required<\/p>\n

Documents Required for the Andhra Bank Personal Loan:<\/strong> (1) Andhra Bank Filled up Personal Loan Application Form, (2) Two Passport Size Photos, (3) Income Tax PAN Card Cop, (4) Identity Proof – Passport, Driving License, PAN Card, Voter ID Card (Any One), (5) Residential Address Proof, and (6) Income Documents<\/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 personal loan interest rates by 0.25%, or 25 basis points with effect from Monday, September 11, 2017. This interest rate cut will reduce the cost of funds for those people who want to avail Andhra Bank personal loans.<\/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":[148,155,161,47,58],"class_list":["post-186","post","type-post","status-publish","format-standard","hentry","category-banking","tag-andhra-bank","tag-andhra-bank-interest-rates","tag-andhra-bank-personal-loan","tag-current-interest-rates","tag-personal-loan-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/186","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=186"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/186\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}