Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • Andhra Bank Personal Loan Interest Rates Reviews

    • andhra Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest is very low with Andhra bank in concern to my personal loan application. The customer support and the response is really good with Andhra bank. I got the loan within a span of 7 days of time. The required loan amount has been disbursed on time , I am very much happy about it. The service provided by Andhra bank is really good.
      Was this review helpful? 0
      , khammam
      Reviewed on Jul 15, 2017
    • andhra Bank Personal Loan
      " Convenient service for Customers"
      0.5 5.0/5 "Blown Away!"
      I was taken my personal loan from Andhra Bank for few years back. Rate of Interest was less compare to other banks. My loan amount was 55000 with 3 years of tenure. It was done very smooth. They gave me this loan based on m y salary account . Overall they were provide good services for customers.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 30, 2017
    • andhra Bank Personal Loan
      "Economical loan range "
      0.5 4.0/5 "Great!"
      I appreciate Andhra bank executives, as they are very keen about processing the customer's loan application.The support offered was good, but I found it was a quite lengthy process.They took around 10days time to complete the process.They follow a economical range of support to be given to the customer when it comes to personal loan.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 23, 2016
    • andhra Bank Personal Loan
      "Lengthy process!"
      0.5 3.0/5 "Satisfactory"
      The personal loan process was very lengthy with Andhra bank. The loan amount was disbursed within one month. They are asking for two guarantors, that too government employees to sign the papers. I would suggest them to get security sign from one person.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Feb 03, 2016
    • andhra Bank Personal Loan
      "Executives need to be more polite!"
      0.5 3.0/5 "Satisfactory"
      I took my personal loan disbursed from Andhra bank. They are very fast in processing the loan in the initial days. Later on the process was bit slow and the loan amount was disbursed after a month. The executives are not friendly with the customers and it would be nice if they behave politely with the customers.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 05, 2016
    • andhra Bank Personal Loan
      "Not good"
      0.5 1.0/5 "Really Bad"
      I would say Andhra Bank personal loan process is not good. They are not treating their customers well . They are not very good in customer services and they are not doing well in all the aspects right from account opening till transaction . They are old fashioned and they are not friendly.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 03, 2015
    • andhra Bank Personal Loan
      "Good In Processing"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with ANDHRA bank very recently. They have offered ,e 14% rate of interest which is very goos. I am loyal customer to them so they have offered me best offers. They have come for the verification so it will take another one week to get the loan amount.
      Was this review helpful? 3
      , secunderabad
      Reviewed on Oct 08, 2015
    • andhra Bank Personal Loan
      "Excellent service.."
      0.5 5.0/5 "Blown Away!"
      I got the Personal loan with ANDHRA Bank and I am maintain a salary account with same bank so the rate of interest offered by them was 9.9% and 2.75% was processing charges compare to other bank its good. After completed 1.5years they will allow to make a part payment.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Sep 04, 2015
    • andhra Bank Personal Loan
      "Average!!!"
      0.5 3.0/5 "Satisfactory"
      I availed personal loan from Andra bank. Since it is a Gov bank there is no proper response. I directly approached the bank manager to process my personal loan. Since I had a salary account in that I was given a lower interest rate of 11.5%. There are no charges. I suggest the bank to improve their customer service.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 11, 2015
    • andhra Bank Personal Loan
      "Good "
      0.5 4.5/5 "Excellent!"
      It was very easy for me to get this loan with Andhra Bank because my colleague work in the bank.The customer service provided was good and the loan amount was disbursed within 3days.I will not recommend Andhra Bank but will recommend SBI bank to others.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Jun 13, 2015
    • andhra Bank Personal Loan
      "Not a customer oriented bank "
      0.5 3.0/5 "Satisfactory"
      I would say it was a average service provided by Andhra Bank while getting a personal loan.The customer service provided is not really good and they donâ??t respond to customer in a right way.The interest rate offered was really comfortable and the loan amount was disbursed after 25days which is long time.
      Was this review helpful? 1
      , tirupati
      Reviewed on Jun 09, 2015
    • andhra Bank Personal Loan
      "Satisfactory service"
      0.5 3.5/5 "Pretty good"
      My salary is credited to Andhra bank account. On salary basis I have taken a personal loan from them. Normally I prefer nationalized banks. First of all they have taken lot of time for processing because banking systems are very slow at that. Now a days the process is much faster. I have submitted all the documents to the nearest branch and my loan was disbursed within 10 days. My overall experience was very good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 07, 2014
    • andhra Bank Personal Loan
      "Excellent experience"
      0.5 4.0/5 "Great!"
      Last month I have availed a personal loan from Andhra bank through my father's savings account. It was a good experience and I am overall satisfied with the services of the bank. Processing was quite delayed upto 20 days and the documentation was fine. Rate of interest & processing fees are good comparatively to other private banks.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jul 15, 2014
    • andhra Bank Personal Loan
      "Very quick processing"
      0.5 4.0/5 "Great!"
      Had a wonderful experience on applying a personal loan with Andra Bank. I received my loan amount last month and I am quite happy with the rate interest, fees & charges. The documentation was very less and the process was completed on a single day. I would strongly recommend the bank.
      Was this review helpful? 14
      , bhubaneshwar
      Reviewed on May 17, 2014
    Common Loader Icon
    Andhra Bank Personal Loan Interest Rates is Rated as "Great!" by 14 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Andhra Bank Personal Loan Interest Rates

    Overview of Andhra Bank Personal Loan

    A public sector bank with network of 2000 plus branches, Andhra Bank offers attractive personal loan schemes to help you meet your urgent financial requirements. Andhra Bank Personal Loans are unsecured loans and you can use the amount received as personal loan to meet your genuine personal needs and purchase household appliances. Under its personal loan scheme, Andhra Bank offers Clean Loans and Consumer Loans.

    Perfect Personal Loan Deals for you

    Andhra Bank Personal Loan Interest Rates

    Andhra Bank offers different rates of interest on personal loans for different tenures. For personal loans up to 36 months, the bank charges 5.50% plus base rate which is 10.25%. For personal loans taken above 36 months, Andhra Bank charges 5.50% plus base rate and a charge of 0.25%. However, Andhra Bank may change its personal loan interest rates without giving you any prior notification.

    Andhra Bank Personal Loan Interest Rates 2017

    Particulars Salaried Self-Employed
    Interest rate

    For loans up to 36 months: MCLR (1 year) + 4.40 % = 13.85% p.a.

    For loans above 36 months: MCLR (1 year) + 5.40 + 0.25 % = 15.1% p.a.

    For loans up to 36 months: MCLR (1 year) + 4.40 % = 13.85% p.a. For loans above 36 months: MCLR (1 year) + 5.40 + 0.25 % = 15.1% p.a.
    Loan Amount

    For salaried applicant: Each instalment not less than 40% of gross salary.

    For Pensioners: 8 times of monthly pension not amounting to more than Rs.5 lakh.

    For income tax assesses: 2 times the average renewal commission for the previous 3 years, to a maximum of Rs.2 lakh.

    For those who are not income tax assesses: 50% of average renewal commission based on statement of income for the previous 3 years, to a maximum of Rs.2 lakh.

    Twice the average annual income of the last 3 years shown in IT returns.
    Loan Tenure Maximum of 60 months, with a moratorium period of 1 year. Maximum of 60 months, with a moratorium period of 1 year.
    Lowest EMI - -
    Processing Fee Yes, nominal Yes, nominal
    Age For salaried: 55 years For Pensioners: 75 years For non-salaried: 55 years
    Prepayment Charges No charge No charge
    Foreclosure Charges No charge No charge

    How to Calculate Interest/ EMI on Andhra Bank Personal Loan

    You can calculate your Andhra Bank Personal Loan interest rate 2015 by using a personal loan EMI calculator. In the calculator, you need to put the total loan amount, tenure of your loan, rate of interest and processing fees (if any). When you put all these information in the calculator, it will instantly reveal your equated monthly instalments and loan amortization table. The loan amortization table will contain information about your EMIs, interest and principal payment made and the outstanding loan amount.

    Example: If you have taken a personal loan of Rs.1 lakh for 5 years at 15.75% from Andhra Bank, you will be repaying the following principal and interest amounts on yearly reducing balance to the bank:

    YearPrincipal paid (Rs.)Interest paid (Rs.)Balance amount (Rs.)
    Year 15,6776,41494,323
    Year 215,23713,78779,087
    Year 317,81611,20761,271
    Year 420,8348,18940, 437
    Year 524,3634,66116, 075

    Factors Affecting Andhra Bank Personal Loan Interest Rates

    There are a lot things that may affect your Andhra Bank Personal Loan Interest Rate 2015. They include your CIBIL score, relationship with your bank and the nature of your employment etc. Listed below are the major factors that may affect your personal loan interest rate:

    • Borrowing class or category: Banks have different parameters for considering personal loan applications coming from salaried, self-employed individuals and other categories like category A and B. If you are in a stable job and the nature of your employment is permanent, you may be in a more advantageous position to get a personal loan at lower rates of interest. Having a business of your own will also help you receive a personal loan even if you are in an advanced age.
    • Your relationship with Andhra Bank: Your relationship with the bank also plays a crucial role in helping you receive lower rate of interest on your personal loan application. You can maintain a good relationship with your bank by paying your previous loans on time. Besides, Andhra Bank may also consider other factors like whether you pay your credit card bills on time or not while offering lower rate of interest on your personal loan.
    • Loan amount: Your personal loan interest rate may be affected by the amount you borrow.
    • Loan tenure: Normally, if you take a personal loan for a longer period, you may end up paying high amount of interest on your personal loan. A short term personal loan may attract higher rates of interest than a personal loan taken for a longer tenure.
    • Repayment Capacity: The most important thing a bank looks for while sanctioning a personal loan is your repayment capacity.
    • Age: Your age may one of the decisive factors for determining your personal loan interest rates.

    How CIBIL Score affects your Andhra Bank Personal Loan Interest Rates

    Don’t ever neglect your CIBIL report. Like all the above mentioned factors, CIBIL score plays a major role in determining your Andhra Bank Personal Loan Interest Rates. If you have a good credit score, Andhra Bank may offer you a lower rate of interest compared to other applicants who do not have a satisfactory credit score. You can maintain a good credit score or CIBIL score by repaying your previous loan amounts on time without defaulting. In fact, with a good credit score, you can negotiate with Andhra Bank to receive a cheaper rate of interest.Normally, banks consider 750 as satisfactory CIBIL score.

    Key things you should know about Andhra Bank Personal Loan interest rates

    Before you apply for a personal loan with Andhra Bank, an understanding of the following key factor will help you understand Andhra Bank Personal Loan Interest Rate 2015:

    • You need to understand what fixed and floating interest rates are. In a fixed rate personal loan, you need to repay a fixed amount of interest on your personal loan for the whole tenure. But, if you opt for a flexible rate of interest, your personal loan interest rate will change as per the change in bank’s prime lending rate.
    • Your personal loan interest rate may go up, when the repo rate goes up.
    • Andhra Bank may not ask for security or collateral to grant you a personal loan.
    • A good CIBIL score is important to avail a competitive rate of interest on your Andhra Bank Personal Loan Rate 2015. CIBIL score plays a crucial role in determining your personal loan interest rates.
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.