Andhra Bank Mumbai

About Andhra Bank 

Established in 1923 with a moto to change the way people look at Indian banking industry, it would not be wrong to say that Andhra Bank is a bank of all. Yes, that's right! This public sector bank with its enormous range of financial products such as personal loan, education loan, housing loan, gold loan and vehicle loan ensures that all your financial needs can easily be fulfilled. Now, if we talk about its services, this lender is known for offering the services related to retail, corporate, NRI, MSME, credit cards and agricultural. No matter what sort of services you are looking to avail, this lender ensures to satisfy all its customers. 

Holding a strong presence in the country i.e. with a total number of 2803 branches spread across the nation along with operations in 25 states, it would not be wrong to say that Andhra Bank never disappoints. Whether its loans, investment, insurance or credit card, the bank deals into all, always aims at giving you the best in every sphere of life. 

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

Branch Name Complete Address IFSCMICRCustomer Care
AndheriSaurabh - 116 Andheri Kurla Road, Andheri(East) - Mumbai - 400059ANDB0000028400011002
Mumbai Fort18, Homi Modi Street, Nanavati Mahalaya, Fort, Mumbai - 400023ANDB000005140001100522026088
Chembur70 J, Central Avenue Raod, Chembur(East), Mumbai - 400071ANDB0000092400011004022-25280383,
Ghatkopar (West)8A, Akashdeep Building, Damodar Park, Lbs Marg, Ghatkopar(West), Mumbai - 400086ANDB0000238400011011022-25003951
MatungaBhaudaji Road, Matunga (East) , Mumbai 400019ANDB0000364400011007022-24024232
Opera House9 / 15 Mama Paramanand Marg, Opera House, 400004ANDB00004024000110092369778
Ghatkopar East36, Kumudini, 1Th Road, Rajawadi, Ghatkopar East, Mumbai - 400077ANDB0000588400011015022-25132434, 251
Juhu Ville - Parle46, Supreme Shopping Centre, Jvpd Scheme, Ville - Parle, Mumbai - 400053ANDB0000593400011014022-26238686
VashiPlot No. 74, Persipolis, Sector 17, Vashi, New BombayANDB0000627400011013278987
BorivilliKarmayog, 1St Floor, Mahadev Desai Raod, Borivilli(E), Mumbai - 400066ANDB0000747400011003022 28059702
MulundYogeshwar Dham, M.G.Road, Mulund (West), Mumbai - 400080ANDB0000845400011008022-25616909/2590
MahimSaras Apartment, Flat 771, Tps Iii, Mori Road, Mahim, Mumbai - 400016ANDB0000856400011006022-24461257
Nariman Point, Mumbai33 Atlanta Bldg. Nariman Point, Mumbai - 400021ANDB0001128400011016022-22885846/4
PrabhadeviShop No.16, Appasahaeb Marathe Marg, Prabhadevi, Mumbai - 400025ANDB0001138400011018022 - 24381165
BandraShiva Apartments, 22 - Turner Raod, Bandra West, Mumbai - 400050ANDB00011394000110170022-2644
RTGS BranchBansilal Building, Fort, MumbaiANDB0001250400011502
Santa CruzShop No.6, Lovely Home, Kalina Kurla Road, Santacruz, Mumbai - 400029ANDB0001283400011021022-26653677
Nerul1St Floor, Shelter Arcade, Plot No.26, Sector - 42 Nerul, Navi Mumbai - 400706ANDB0001391400011024022-27719157

Products Offered by Andhra Bank in Mumbai 

Now all the Mumbaikars have a valid reason to be happy as their favourite Andhra Bank with its wide range of products such as personal loan, housing loan, vehicle loan, education loan and gold loan, ensures to meet all their financial needs in best possible manner. To know about each product, go through the page below. 

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 February 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 February 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%