25 Years Expertise

2 lacs + Customers

7500 + Crores Disbursed

Personal Loan APR Starts from 11.99% to max 20% | Loan Tenure from 1 - 5 Years
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Personal Loans with Andhra Bank , Apply In Good Rates

Apply for Andhra bank Personal Loan in Chennai at Lower interest Rate

The Andhra bank was founded by Bhogaraju Pattabhi Sitaramayya in 1923, Machilipatnam. Andhra bank is a Public sector undertaking banking company headquartered in Hyderabad. Andhra bank has 2741 branches around the globe and 2248 ATMs. The bank is functioning in 25 states and three union territories in India. Its services are primarily in to retail, corporate, NRI, MSME, and Agricultural industries. In Retail Business, the bank covers deposits, loans, cards, DMAT services, payment services, insurance, and mutual funds.

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Andhra bank offers two types of loans:

  • Consumer Loans
  • Clean Loans

Consumer Loans

  • Andhra bank offers personal loan to salaried individuals with regular source of income to buy long lasting consumer goods such as washing machines, refrigerators, furniture, household appliances, machinery and household equipment. It is also known as durable goods.


  • Any individual having repayment capacity
  • Salaried persons
  • Pensioners withdrawing salary in Andhra bank branches
  • Others

Andhra Bank Personal loan interest Rates:

  • For loans up to 36 months: 15.75%
  • For loan above 3 years: 16.00%
  • Tenure: 12 months to 60 Months

Quantum of finance:

  • The maximum amount of loan can be approved and sanctioned
  • 10 months gross salary in case of salaried people
  • 40 % of the gross annual income in case of non salaried class
  • Or 75% cost of the article whichever is less


  • Repayment in monthly installments according the loan applicant convenience


  • Guarantor required
  • Co-obligation:
  • Any third party, Husband, father acceptable to bank with sufficient financial health
  • Collateral Security:

Income proof:

  • Salary slip/ IT returns, Assessment order, Property order

Documents required for the Personal loan

  • For non salaried persons: -Latest income tax assessment order, Property Statement
  • Any other valid documents
  • Latest quotation for article to be proposed
  • Checklist for the personal loan

Clean Loans:

  • Andhra bank offers cash loan to individuals to meet genuine needs of their personal purposes like children education, consolidating existing debts, family wedding function, medical emergencies and Vacation.

Interest rate for Clean Loans:

  • For the loans above 36 months: Base rate +5.50+0.25 ….16.00%

Documents required for Andhra bank personal loan:

  • Signed application form and Photographs
  • Identity proof:
  • Passport, Voter Id card, driving license
  • Last 3 months bank statements
  • Latest pay slip

Documents for self employed people:

  • Latest IT return
  • Latest form 16

If you are in need of any further assistance, get in touch with us.