Andhra Bank Personal Loan in Jammu

About Andhra Bank Personal Loan Jammu

We are all aware of the large demand of the handicraft products of Jammu and there is no match to its talent. This heaven on earth has no replacement and the people of Jammu have many opportunities to earn money. Having said that, to help people in financial crisis, Andhra Bank has designed the personal loan scheme accordingly. Hence, personal loan interest rates are low with the facility of getting a higher loan amount. You can check the details of this loan offer below:

Apply for Personal Loan

Andhra Bank Personal Loan in Jammu 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

Andhra Bank Branches in Jammu

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

Branch NameComplete AddressIFSCMICRCustomer Care
Jammu3 - 4, K.C. Plaza, Commercial Complex, Residency Road, Jammu - 180001ANDB00012201800110020191-2566767
Bari BrahmanaH.No.130, Ward No.6, National High Way, Bari Brahmana, Jammu DtANDB00020548492879995
KathuaMoon Light Complex, Main Bazar, Kathua Dist, Jammu Kashmir, 184101ANDB00025682681055
Gurunanak NagarGurunanak Nagar, H No 43 2 4, Near Khaisa Chowk, Jammu Kashmir, 180004ANDB00026731800110049086032375

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