Andhra Bank Personal Loan in Chennai

About Andhra Bank Personal Loan Chennai

Chennai is one of the most beautiful cultural, economical and education centers in South India. Having said that, if you are also living in Chennai and looking for an affordable personal loan for any legitimate purpose, have a look at the details of the personal loan offered by Andhra Bank. Here, you will get to know the eligibility criteria, interest rate, branch details and other related information.

Andhra Bank Personal Loan in Chennai at a Glance

ParticularsDetails
Interest Rate11.70% - 13.20%
Loan amountUp to 10 month gross salary (for salaried) or 40% of gross annual income (for non-salaried) or 4 months pension in case of pensioners or 75% cost of the article whichever is less
TenureUp to 5 years
Processing FeeAs per bank’s norms

Apply for Personal Loan

Eligibility Criteria

The eligibility criteria to apply for a personal loan at Andhra Bank is as mentioned below:

  • Any individual having repayment capacity
  • Salaried persons
  • Pensioners drawing pension in the branch
    Others.

Documents Required

The applicants who want to apply for a personal loan at Andhra Bank must carry the below list of documents:

  • Loan application form
  • Passport size photos of applicant/s
  • Property statement of the applicant or co-obligant (s)
  • In the case of an employee drawing salary at the branch- Letter for the recovery of the loan installments by debit to his account
  • Post Dated Cheques for at least 12 months
  • Last 6 months bank statement
  • Letter from the applicant declaring that there is no existing loan with the other branch of the bank or with the other bank
  • Latest original quotation from a local dealer for consumer durables proposed to be purchased with full details and description of the articles, etc.
  • Stamped receipt/Invoice of the item purchased
  • Collateral documents wherever required
  • In the case of loan against NSC/KVP certificate (s)- The original Bond (s) with the copy of the latest receipt towards payment of Premium along with the request letter to LIC for assignment of the policy in favor of Bank
  • Verification report from other agencies
  • CIBIL score details
  • Certification of Inspection of Security
  • Managers certificate for valuation of property
  • Undertaking letter to adjust residual of the loan
  • Legal Audit wherever applicable

Proof of Income–

  • Salary Slip/ IT Returns/ Assessment Order, Property Statement
  • For Non-salaried person – Latest Income Tax Assessment Order, Property statement
  • Any other Valid document with last 3 years income proof
  • Latest quotation for article proposed to be purchased

Address of Andhra Bank Branches in Chennai

Have a look at the branch address, IFSC code, MICR details and contact details of Andhra Bank in Chennai:

Branch NameComplete AddressIFSCMICRCustomer Care
Ashok NagarA1, Senthil Towers, I Avenue, Ashok Nagar, Chennai 600083ANDB0000019600011004044-2489433
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 - 600015ANDB000054460001100944
TriplicaneNo.50, Cn Krishnaswamy Road, Triplicane, Chennai - 600005ANDB0000564600011013044-28583376
Valasaravakkam115, Arcot Road, Valasaravakkam, Chennai 600087ANDB0000622600011017044-24860

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