Andhra Bank Kochi
Last Updated : May 9, 2018, 11:49 a.m.
About Andhra Bank
Loans, insurances, investments, credit cards or online banking, no matter what your financial needs are, Andhra Bank never disappoints you. Yes, you read that absolutely right. With its diverse range of services in the fields of Retail, NRI, MSME,Agriculture, Credit Cards and Corporate, the bnak ensures that the needs of all can easily be fulfilled. Being founded in the year 1923 with a core objective to offer the best banking and financial services to all, this bank is here to stay. By holding a strong position in the industry, there is no doubt on the fact that this lender has become the favourite of many.
By holding the operations in 25 states including 3 Union Terrorites, the bank is within your reach. Yes, if you are in Kochi, the bank has many branches within the city, thus you can easily visit the nearest branch to avail any service. If we talk more about the branches, the bank has a wide network of over 2803 branches located at different locations. The unmatched products and services offered by Andhra Bank come to you easily, thus cater all your financial needs in least time frame.
Below is a table showing branch name, IFSC and MICR codes of each branch with complete address.
| Branch Name | Complete Address | IFSC | MICR | Customer Care |
|---|---|---|---|---|
| Ernakulam | P.B.No.14, Ajayvihar, Ernakulam - 682001 | ANDB0000125 | 682011001 | 0484-237592 |
| Vyttila | Matha Building, Nh 47, Bye - Pass Road Thykoodam, Vyttila, Kochi -682019 | ANDB0001350 | 682011003 | 0484-2305666 |
| Kadavanthara | Savitri Building, S C Bose Road, Jawahar Nagar, Kadavanthara, Kochi | ANDB0002271 | 682011084 | 2207877 |
| ZO Kochi | Savithri Building, Sc Bose Road, Jawahar Nagar, Kadavanthara, 682020 | ANDB0002273 | 2207377 | |
| Njarakal | Lakshmi Arcade, Lakshmi Vihar Kaipillil, Nayaram Balam, Po Kochi, 682509 | ANDB0002451 | 682011006 | 2207777 |
| Kakkanad | D No 10 766, Chakkolath, Vsnl Road, Kakkanad, Kochi, 682030 | ANDB0002662 | 2207777 |
Products Offered by Andhra Bank in Kochi
Andhra Bank in Kochi offers you many versatile financial products such as housing loan , education loan, vehicle loan, personal loan and gold loan to choose from, but before you avail the same, it is important to know the each of the product thoroughly. So, take a look below and know more about the product range offered by Andhra Bank.
Basic Details of Andhra Bank Loans
| Product | Eligibility | Interest Rate (in p.a.) | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|---|
| Housing Loan | Minimum 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 capacity | 30 Years | As applicable by the bank |
| Gold Loan | Any property identified person/existing customers | 9.5%-9.7% | ₹ 2,000/-per gram or Upto 75% of the market value of gold whichever is less | Appraising Charges:1% of the loan amount sanctioned | |
| Vehicle Loan | Minimum 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 Loan | Student 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 limit | 2-7 Years | No Processing Fee (study in India) |
| Personal Loan | Salaried , pensioners or any individual with good repayment capacity | 11.80% - 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
The documents required for availing any financial service from Andhra Bank Kochi are as follows :
| Product | Documents |
|---|---|
| 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 |