Andhra Bank Personal Loan Mumbai - Rates February 2024, Eligibility, EMI, IFSC Code

Andhra Bank Personal Loan in Mumbai

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

Interest Rate11.80% - 15.50%
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

Apply Personal Loan @ 10.75%* Rate

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

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 Mumbai Branch Details

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

Branch NameComplete AddressIFSCMICRCustomer Care
AndheriSaurabh - 116 Andheri Kurla Road, Andheri(East) - Mumbai - 400059ANDB0000028400011002
Mumbai Fort18, Homi Modi Street, Nanavati Mahalaya, Fort, Mumbai - 400023ANDB000005140001100522026088
Chembur70 J, Central Avenue Road, Chembur(East), Mumbai - 400071ANDB0000092400011004022-25280383,
Ghatkopar (West)8A, Akashdeep Building, Damodar Park, Lbs Marg, Ghatkopar(West), Mumbai - 400086ANDB0000238400011011022-25003951
MatungaBhaudaji Road, Matunga (East) , Mumbai 400019ANDB0000364400011007022-24024232
Opera House9 / 15 Mama Paramanand Marg, Opera House, 400004ANDB00004024000110092369778
Ghatkopar East36, Kumudini, 1Th Road, Rajawadi, Ghatkopar East, Mumbai - 400077ANDB0000588400011015022-25132434, 251
Juhu Ville - Parle46, Supreme Shopping Centre, Jvpd Scheme, Ville - Parle, Mumbai - 400053ANDB0000593400011014022-26238686
VashiPlot No. 74, Persipolis, Sector 17, Vashi, New BombayANDB0000627400011013278987
BorivilliKarmayog, 1St Floor, Mahadev Desai Road, Borivilli (E), Mumbai - 400066ANDB0000747400011003022 28059702
MulundYogeshwar Dham, M.G.Road, Mulund (West), Mumbai - 400080ANDB0000845400011008022-25616909/2590
MahimSaras Apartment, Flat 771, Tps Iii, Mori Road, Mahim, Mumbai - 400016ANDB0000856400011006022-24461257
Nariman Point, Mumbai33 Atlanta Bldg. Nariman Point, Mumbai - 400021ANDB0001128400011016022-22885846/4
PrabhadeviShop No.16, Appa Sahaeb Marathe Marg, Prabhadevi, Mumbai - 400025ANDB0001138400011018022 - 24381165
BandraShiva Apartments, 22 - Turner Road, Bandra West, Mumbai - 400050ANDB00011394000110170022-2644
Kandivali (East)No, 1, 2, 3 Neptue, Evershine Millenium Paradise, Kandivili (East), Mumbai- 400101 ANDB0001210400011019022-28843382
RTGS BranchBansilal Building, Fort, MumbaiANDB0001250400011502
Santa CruzShop No.6, Lovely Home, Kalina Kurla Road, Santacruz, Mumbai - 400029ANDB0001283400011021022-26653677
Nerul1St Floor, Shelter Arcade, Plot No.26, Sector - 42 Nerul, Navi Mumbai - 400706ANDB0001391400011024022-27719157

  • Personal Loan Interest Rates February 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%