Interest Rates 2018240 views
If you are someone who is willing to avail a personal loan from Andhra Bank, this page is worth reading for you. The moment we think of availing a loan, the interest rate is the first thing that strikes our mind. And, why not, after all, it is one of the most crucial aspects of a loan journey. Talking about Andhra Bank Personal Loan, the lender offers the credit facility at an attractive rate to meet the multiple needs of one and all. Let’s just know more about the same in the page below.
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Table of Contents
Andhra Bank Personal Loan Interest Rates
Consumer Loans
| Particulars | Details |
|---|---|
| Interest Rates | 11.25%-12.75% p.a. |
| Loan Amount | 75% cost of the article whichever is less |
| Tenure | 5 Years |
Clean Loans
| Particulars | Details |
|---|---|
| Interest Rates | 11.40%-12.90% p.a. |
| Loan Amount | Up to ₹2 Lakh/5 Lakh |
| Tenure | 5 Years |
Base Rate @ 9.55% p.a w.e.f. 01.10.2017.
Andhra Bank’s BMPLR (Bench Mark Prime Lending Rate) @ 13.95% p.a with effect from 01.10.2017
Andhra Bank MCLR , effective from 15.12.2017 for different tenors are as under :
| Tenor | MCLR |
|---|---|
| Overnight | 8.00% |
| 1-Month | 8.05% |
| 3-Month | 8.10% |
| 6-Month | 8.25% |
| 1 Year | 8.40% |
Andhra Bank Personal Loan Balance Transfer Interest Rates
In order to enjoy the lower interest rates, you can opt for BT Facility offered by Andhra Bank. That’s Right! If your existing lender is charging the higher interest rates, switch your personal loan in Andhra Bank to enjoy the attractive rate ranging from 11.25%-12.90% p.a.
