Andhra Bank Personal Loan in Kochi

About Andhra Bank Personal Loan Kochi

Andhra Bank offers a wide array of products in Kochi and one of the most demanding product in Kochi is a personal loan. With the perfect combination of low rates along with a higher loan amount, this loan gives people of Kochi the opportunity to be free from any financial crisis and enjoy living their lives. If you are also one of those who has an urgent need of money, check the details of the personal loan offered by Andhra Bank in Kochi.

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Andhra Bank Personal Loan in Kochi 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 Kochi Branch Details

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

Branch NameComplete AddressIFSCMICRCustomer Care
ErnakulamP.B.No.14, Ajayvihar, Ernakulam - 682001ANDB00001256820110010484-237592
VyttilaMatha Building, Nh 47, Bye - Pass Road Thykoodam, Vyttila, Kochi -682019ANDB00013506820110030484-2305666
KadavantharaSavitri Building, S C Bose Road, Jawahar Nagar, Kadavanthara, KochiANDB00022716820110842207877
ZO KochiSavithri Building, Sc Bose Road, Jawahar Nagar, Kadavanthara, 682020ANDB00022732207377
NjarakalLakshmi Arcade, Lakshmi Vihar Kaipillil, Nayaram Balam, Po Kochi, 682509ANDB00024516820110062207777
KakkanadD No 10 766, Chakkolath, Vsnl Road, Kakkanad, Kochi, 682030ANDB00026622207777

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