Personal Loan Rates 2018145 views
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About Andhra Bank Personal Loan Mumbai
For the people of Mumbai, getting an affordable personal loan is so easy as Andhra Bank is here. The low-interest rate and a higher loan amount facility make the personal loan offered by Andhra Bank one of the most demanding personal loans in Mumbai. To know the product details, read more.
Andhra Bank Personal Loan in Mumbai at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | 11.40% - 13.05% |
| Loan amount | Up 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 |
| Tenure | Up to 5 years |
| Processing Fee | As 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
You can also read Personal Loan Mumbai
Andhra Bank Mumbai Branch Details
Have a look at the branch address, IFSC code, MICR details and contact details of Andhra Bank in Mumbai:
| Branch Name | Complete Address | IFSC | MICR | Customer Care |
|---|---|---|---|---|
| Andheri | Saurabh - 116 Andheri Kurla Road, Andheri(East) - Mumbai - 400059 | ANDB0000028 | 400011002 | |
| Mumbai Fort | 18, Homi Modi Street, Nanavati Mahalaya, Fort, Mumbai - 400023 | ANDB0000051 | 400011005 | 22026088 |
| Chembur | 70 J, Central Avenue Road, Chembur(East), Mumbai - 400071 | ANDB0000092 | 400011004 | 022-25280383, |
| Ghatkopar (West) | 8A, Akashdeep Building, Damodar Park, Lbs Marg, Ghatkopar(West), Mumbai - 400086 | ANDB0000238 | 400011011 | 022-25003951 |
| Matunga | Bhaudaji Road, Matunga (East) , Mumbai 400019 | ANDB0000364 | 400011007 | 022-24024232 |
| Opera House | 9 / 15 Mama Paramanand Marg, Opera House, 400004 | ANDB0000402 | 400011009 | 2369778 |
| Ghatkopar East | 36, Kumudini, 1Th Road, Rajawadi, Ghatkopar East, Mumbai - 400077 | ANDB0000588 | 400011015 | 022-25132434, 251 |
| Juhu Ville - Parle | 46, Supreme Shopping Centre, Jvpd Scheme, Ville - Parle, Mumbai - 400053 | ANDB0000593 | 400011014 | 022-26238686 |
| Vashi | Plot No. 74, Persipolis, Sector 17, Vashi, New Bombay | ANDB0000627 | 400011013 | 278987 |
| Borivilli | Karmayog, 1St Floor, Mahadev Desai Road, Borivilli (E), Mumbai - 400066 | ANDB0000747 | 400011003 | 022 28059702 |
| Mulund | Yogeshwar Dham, M.G.Road, Mulund (West), Mumbai - 400080 | ANDB0000845 | 400011008 | 022-25616909/2590 |
| Mahim | Saras Apartment, Flat 771, Tps Iii, Mori Road, Mahim, Mumbai - 400016 | ANDB0000856 | 400011006 | 022-24461257 |
| Nariman Point, Mumbai | 33 Atlanta Bldg. Nariman Point, Mumbai - 400021 | ANDB0001128 | 400011016 | 022-22885846/4 |
| Prabhadevi | Shop No.16, Appa Sahaeb Marathe Marg, Prabhadevi, Mumbai - 400025 | ANDB0001138 | 400011018 | 022 - 24381165 |
| Bandra | Shiva Apartments, 22 - Turner Road, Bandra West, Mumbai - 400050 | ANDB0001139 | 400011017 | 0022-2644 |
| Kandivali (East) | No, 1, 2, 3 Neptue, Evershine Millenium Paradise, Kandivili (East), Mumbai- 400101 | ANDB0001210 | 400011019 | 022-28843382 |
| RTGS Branch | Bansilal Building, Fort, Mumbai | ANDB0001250 | 400011502 | |
| Santa Cruz | Shop No.6, Lovely Home, Kalina Kurla Road, Santacruz, Mumbai - 400029 | ANDB0001283 | 400011021 | 022-26653677 |
| Nerul | 1St Floor, Shelter Arcade, Plot No.26, Sector - 42 Nerul, Navi Mumbai - 400706 | ANDB0001391 | 400011024 | 022-27719157 |
