|
|
| COMPARE : PERSONAL LOAN |
|
|
|
|
| Andhra Bank Personal Loan |
|
|
| Introduction |
|
| Andhra Bank provides personal loans 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. |
|
|
|
|
| Highlights |
|
| |
Salaried |
Self Employed |
| Loan Scheme |
Consumer Loan |
Clean Loan |
| Loan Type |
Term Loan |
Term Loan |
| Loan Amount |
Maximum amount of loan that is provided is :
#10 month gross salary in case of salaried class or cost of the article whichever is less.
#4 months pension in case of pensioners
#40% of the annual income in case of other persons
|
2 times average annual proven income (Annual income as average of last three years income shown in IT returns/ assessment orders).
|
| Tenure |
Min. - 12 months.
Max. - 60 months.
|
Min. - 12 months.
Max. - 60 months.
|
| Interest Rate |
Min. - 15.75 %
Max. - 16 %
|
Min. - 13 %
|
| Time to Process Loan |
4 days |
4 days |
|
|
 Fees & charges
Fees & charges
|
|
| |
Salaried |
Self Employed |
| Pre-Payment Charges |
2 % |
2 % |
|
| Comment on Charges |
margin money- 25% |
margin money-25% of the total loan amount |
|
|
|
Security
|
Security |
|
|
|
Personal security of the borrower and Hypothecation of the article purchased with Bank finance. |
|
|
|
|
|
|
Show All Personal Loans
|
|
|
|
|
|
Twitter