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Andhra Bank offers home loans with low interest rates. No hidden costs and administrative charges. Enjoy less paperwork. Maximum repayment period is 30 years. There are no prepayment penalties. Check offers now on CreditMantri!
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Andhra Bank is a medium-sized public-sector bank (PSB) of India, with a network of 2803 branches, 4 extension counters, 38 satellite offices and 3636 automated teller machines (ATMs). The bank now operates in 25 states and three Union Territories. Andhra Bank has its headquarters in Hyderabad, Telangana, India.
Home Loan is offered to individuals who wish to construct or buy a house. The property bought or about to be constructed is mortgaged as collateral until the repayment of the loan is completed with full interest. The repayment of the loan generally depends on the capacity of the borrower. Normally, the home loan tenure ranges between 5 to 30 years. The borrower can opt for either floating type of interest of fixed interest rate. Home loan provides tax benefits to the borrowers.
Being one of the largest bank in India, Andhra Bank offers a wide range of services in the personal loan segment. It is one of the most preferred bank in India by all kinds of people for any financial service. Packed with exclusive benefits, Andhra Bank Home Loans are tailor made catering to the needs of various customers.
Providing home loans for the applicants from in any area like rural, semi-urban, urban and metro etc.
To avail the personal loan from Bank of Maharashtra(BOM), you need to have the following eligibility criteria.
Individual salaried employees (with a permanent job for the period of minimum 1 year in current organization of State /Central Government/ Public / Private Sector Companies of repute), Self-Employed Professionals, Businessman, Pensioners (subject to having pension account with us & sufficient disposable income)
To avail the personal loan from Andhra Bank, you need to have the following eligibility criteria.
Eligibility of loan amount is based on repayment capacity
Repayment maximum period is 30 years
Prepayment Charges: As applicable
Processing Fees: As applicable
Important documents to be submitted while applying for personal loans with Andhra Bank
Maximum: 360 months
Gestation: 30 months
Your Andhra Bank personal loan can be repaid in following three ways.
Standing Instruction (SI):If you are an existing account holder with Andhra Bank, Standing Instruction is the best mode of repayment. Your EMI amount will be debited automatically at the end of the monthly cycle from the Andhra Bank account you specify.
Electronic Clearing Service (ECS):This mode can be used if you have a non-Andhra Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account.
Post-Dated Cheques (PDCs): You can submit post-dated EMI cheques from a non-Andhra Bank account at your nearest Andhra Bank Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only.It is recommended that you opt for either the SI or ECS mode of payment for faster and less prone to error than the use of PDCs.
You can either apply online or visit a nearby Andhra Bank branch for the application. You can also download the home loan application form from the Andhra Bank official website, complete the form and submit it the bank representative.
Alternatively you can also check your eligibility for a home loan through CreditMantri and apply for it.
This is probably the only bank that provides several home loan products in India. With attractive interest rates, the bank caters to the needs of various sections of people. You can also pre-close the home loan with the prepayment for which no penalty is levied. Overall, the bank offers the best deal on home loans.
1. What are processing fees on Andhra Bank Home Loans?
Processing fees are as per bank norms
2. Is there penalty for prepaying the Andhra Bank Home Loan?
Penalty is levied for prepaying the Andhra Bank Home Loan as per norms
3. Can I get Andhra Bank Home Loan without a Guarantor?
No need of a guarantor
4. What is the maximum loan repayment period for Andhra Bank home loans?
The maximum repayment period is 30 years
5. How Can I apply for an Andhra Bank home loan?
You can either apply online or visit a nearest Andhra Bank branch and take the help of the bank’s representative.
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