Multiple banks. Different interest rates. Call it a "conflict of interest".
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    • Andhra Bank Gold Loan Reviews

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    • 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.
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      , 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

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      , 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

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      , 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.
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      , 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.
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      , 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.
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      , 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

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      , 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

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      , 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

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      , 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

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      , 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.
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      , 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.
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      , 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

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      , 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

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      , bhubaneshwar
      Reviewed on May 17, 2014
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    Andhra Bank Gold Loan is Rated as "Great!" by 14 Users

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    Overview of Andhra Bank Gold Loan

    Gold value has constantly been on the rise over the last decade and gold has become one of the most profitable investment avenues for Indians. If you have gold in your lockers, you can utilize it to avail a gold loan whenever required. Under Andhra Bank Gold Loan scheme, loan will be provided against gold coins as security, for various purposes like personal and business requirements. Andhra Bank Gold Loan is a good substitute for conventional personal loan products and will offer the benefit of competitive interest rate to customers.

    Perfect Personal Loan Deals for you

    Features of Andhra Bank Gold Loan

    Here are some of the distinguishing features of an Andhra Bank Gold Loan.

    • Andhra Bank Gold Loan is a multipurpose loan which is offered for a variety of purposes like pure consumption, business and personal requirements.
    • The documentation process is hassle free and the loan is offered to all customers who are properly identified as per KYC - AML guidelines.
    • There is no prepayment penalty for Andhra Bank Gold Loan. Customers can repay the loan amount whenever they have surplus funds and get back their gold.
    • With Andhra Bank Gold Loan, customers can be sure about the safety of their gold.
    • No processing charges are levied for Andhra Bank Gold Loan. The process of application, approval and sanction is transparent and the customer is kept informed about the progress at all times.
    • The interest rate offered for Andhra Bank Gold Loan is very affordable when compared to interest rates of conventional personal loan products.

    Andhra Bank Gold Loan Interest Rates

    Andhra Bank Gold Loan comes with competitive interest rate that sets it apart from other gold loan products in the market. At present, the interest rate for Andhra Bank Gold Loan is set at 11. 40 per cent per annum which is base rate + 1. 40%. As interest rates are subject to frequent revisions, do enquire with Andhra Bank about the prevailing interest rates before you apply for an Andhra Bank Gold Loan.

    Documentation for Andhra Bank Gold Loan

    The applicant must submit the documents listed below while applying for an Andhra Bank Gold Loan.

    • Completely filled application form with recent passport size photographs
    • Any one Address Proof document such as driving license, passport, ration card, voter ID, driving license, Aadhaar card etc.
    • Any one of ID Proof document such as ration card, PAN card, driving license, Aadhar card, passport etc.

    Andhra Bank Gold Loan is offered to customers who are properly identified as per KYC AML norms.

    Fees and Charges for Andhra Bank Gold Loan

    The fees and charges related to Andhra Bank Gold Loan are as follows.

    Processing Charges Nil
    Appraising Charges 1% of the sanctioned loan amount
    Charges for loan amounts greater than Rs. 2 lakhs 50% concession in all applicable charges shall be awarded.

    Andhra Bank Gold Loan FAQs

    1. Will I be able to prepay my Andhra Bank Gold Loan?

      Yes, you can repay Andhra Bank Gold Loan whenever possible. Also, no prepayment penalty shall be levied for Andhra Bank Gold Loan.

    2. What is the quantum of finance per gram that will be offered under Andhra Bank Gold Loan?

      The quantum of finance under Andhra Bank Gold Loan shall be Rs. 1600 per gram or 75% of the market value per gram of 22 Ct. gold, whichever is less.

    3. How many grams of gold can I offer as security under Andhra Bank Gold Loan?

      Customers can pledge not more than 50 grams of gold coins issued by banks as security.

    4. Can I pledge my gold jewellery under Andhra Bank Gold Loan as security?

      No, only gold coins issued by banks are accepted for Andhra Bank Gold Loan.

    5. Can I avail Andhra Bank Gold Loan to fulfil emergency monetary requirements?

      Yes, Andhra Bank Gold Loan is offered to meet personal and business cash requirements.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

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