Andhra Bank Personal Loan in Indore

About Andhra Bank Personal Loan Indore

When it comes to personal loans, Andhra Bank has the hearts of the people of Indore. The reason behind this choice is, of course, the low-interest rate offered on personal loans along with the facility of a higher loan amount. Since these are the first and foremost choices of a personal loan borrower, the demand for this loan has been increasing day by day. So, give a chance to yourself and apply for a personal loan at Andhra Bank.

Apply for Personal Loan

Andhra Bank Personal Loan in Indore 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

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 Indore

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

Branch NameComplete AddressIFSCMICRCustomer Care
Indore335, Jawahar Marg, Madhav Mandir, Narsingh Bazar Chourah, IndoreANDB00002344520110020731-2436652/25309
A B Road, IndoreE - 9, High Main Road, Ravishankar Shukla Nagar, Indore - 452008ANDB00012444520110030731-25717
Chhawni, Indore18, Murai Mohalla, Chhawni Main Road, IndoreANDB00016584520110040731-2705623
Vijay NagarUg-18, 19, 20, Mangal City Mall, A.B.Road, IndoreANDB0001910452011005452011005
RAUP No. 1034, Station Road, Rau, Indore, Madhya PradeshANDB00020364520110060731 2856572
MHOW Contonment1 Vikram Nagar Kishanganj Mhow Madhya Pradesh 453441ANDB00021914530110019827441103
Usha Nagar, Indore6, Dravid Nagar, Ranjeet Hanuman Main Road, Indore , M.PANDB00022014520110077312380968
Sapna SangeetaG-1, G-2.Gold Coin Plaza, 324 Dhanwar Ruwan Main Road, Indore, M.P.ANDB00022024520110089312469968
Airport Road IndoreNo 3, Sukhdev Nagar, Airport Main Road, Indore, Madhya Pradesh, 452005ANDB00025292623399
Geeta BhavanNo 56 A, Manorama Ganj, Geeta Bhavan, Opp Seth Apartment, Indore, Madhya Pradesh, 452001ANDB00027504520110102492034
KhandwaKhandwa Branch, Plot No 31, Padawa, Near Hanuman Mandir, Indore Road, Khandwa District, Madhya Pradesh, 450001ANDB00027824500111012243009

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