Andhra Bank Chennai - Rates March 2024, IFSC Code, Main Branch

Andhra Bank Chennai

About Andhra Bank

Founded in the year 1923, Andhra Bank with its long list of impeccable, unmatched products as well as services ensures to you the best banking experience. A pioneer in introducing credit cards in the country in 1981, this bank is here to give the best financial services. With its wide range of offerings such as personal loan, housing loan, education loan, credit cards, vehicle loan or gold loan, the bank fulfills all financial needs of yours.  

With a total number of 2803 branches wide spread across India, this lender ensures that all its customers can easily reach them for any sort of financial help.The bank is known for operating in 25 states and three Union Territories, thus catering the needs of all. Headquartered in Hyderabad, this bank offers you quick and easy financial services in a hassle-free manner. Be it loan, investment, insurance or credit cards, Andhra Bank has everything in store for you.  

Below is a table showing branch name, IFSC and MICR codes of each branch with complete address. 

Branch Name Complete Address IFSCMICRCustomer Care
Ashok NagarA1, Senthil Towers, I Avenue, Ashok Nagar, Chennai 600083ANDB0000019600011004 044-2489433
Anna NagarJa 995 / New 170, Ii Avenue, Anna Nagar, Chennai 600040ANDB0000227600011014044-2616206
Mowbrays Road Branch265 Ttk Salai, Alwarpet, Chennai - 600018ANDB0000255600011015
Chennai168, Lingichetty Street, P.B.No.1526, Chennai - 600001ANDB0000348600011002044-25229766
MylaporeNo:6, North Mada Street, Mylapore, Chennai - 600004ANDB0000360600011008044 - 24941610
Shenoy NagarW 5, Kanniamman Street, Shenoy Nagar, Chennai 600030ANDB0000506ANDB0000506044-2
SowcarpetAnna Pillai Street, Sowcarpet, ChennaiANDB0000512600011011044 - 25224260
Saidapet395, Annasalai, Saidapet, Chennai - 600015ANDB0000544600011009 044
TriplicaneNo.50, Cn Krishnaswamy Road, Triplicane, Chennai - 600005ANDB0000564600011013044-28583376
Valasaravakkam115, Arcot Road, Valasaravakkam, Chennai 600087ANDB0000622600011017044-24860
Washermanpet294, T H Road, Washermanpet, Chennai - 600021ANDB0000637600011016044-25955609
AdayarNo 30 1St Main Road, Gandhinagar, Adyar, Chennai - 600020ANDB0000703600011003044-24911869
ChepetNo.1, Mayor V Ramanadhan Raod, Chetpet, Chennai - 600031ANDB0000784600011005044-28191161
K K Nagar40, Ramaswamy Salai, Kk Nagar, Chennai - 600078ANDB0000812600011006044-24838253

Products Offered by Andhra Bank in Chennai

If you are in Chennai and looking for immediate funds, Andhra Bank with its exclusive range of financial products like personal loan, vehicle loan, housing loan and education loan is here to give you a hassle-free loan journey. Take a look below to know the products of Andhra Bank.  

Basic Details of Andhra Bank Loans 

EligibilityInterest Rate (in p.a.)

Loan Amount TenureProcessing Fee
Housing LoanMinimum age at the time of application-21 Years
Maximum age permitted at the time of loan maturity-65 Years

8.60% - 11.20%Depends upon your monthly income & repayment capacity30 Years As applicable by the bank
Gold LoanAny property identified person/existing customers 9.5%-9.7% ₹ 2,000/-per gram or Upto 75% of the market value of gold whichever is lessAppraising Charges:1% of the loan amount sanctioned
Vehicle LoanMinimum take home pay of 40% after all monthly deductions (2 Wheeler)
Minimum gross income of ₹1 Lakh per annum (4 Wheeler)
7.80% - 7.90%Depending on the income flow and repayment capacity of an individual 60 months(used cars)-84 months(new cars)As applicable by the bank
Education LoanStudent should be an Indian.
Have secured admission to a higher course.
Allowed to meritorious students.
10.45%-10.65%(upto 7.5 Lakhs), 10%-10.20%(above 7.5 Lakhs)₹ 20,000-No upper limit2-7 YearsNo Processing Fee (study in India)
Personal Loan Salaried , pensioners or any individual with good repayment capacity11.80% - 15.50%Consumer Loan: 10 months gross salary/40% of gross annual income/4 months pension or 75% of the article whichever is lower.
Clean Loans: Not less than 40% of gross salary .
2 times average annual proven income.
8 time sof monthly pension
60 Months

Documents Required 

Housing Loan Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years

Bank Account Statement for the Last 6 Months

Track record of existing loans, if any

Details of property you look to buy & construct

Gold Loan Latest passport size photographs with duly filled application form.
Address Proof:Driving License/Passport/Ration Card/Voter ID/Aadhar Card
ID Proof: Ration Card/PAN Card/Driving License/Aadhar Card/Passport
This loan is offered to the customers who are identified as per KYC AML norms.
Vehicle Loan For Generic:
Documents for KYC Compliance
Valid Driving License
Salary Slip
Proforma Invoice
IT Returns
Assessment Order

For Women:
Valid Driving License
Income Proof:IT Returns/Salary Slip/Assessment Order/Proforma Invoice
Valuation Certificate from Reputed Garage for Second Sale
Education Loan Duly filled application form with passport size photographs
Identity & Address Proof-Latest
Date of Birth Proof, Certificate of Domicile, Study Certificate, Scholarship Proof, Allotment Proof
Fee particulars from College/University, etc
Personal Loan Salary Slip/ IT Returns/Assessment Order, Property Statement
For non-salaried:Latest Income Tax Assessment Order, Property Statement
Any other Valid Document
Latest Quotation for Article Proposed to be Purchased

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%