Andhra Bank was found in Andhra Pradesh in 1923. Not just confined to one state, the bank has spread its branches to almost 25 states and 3 union territories in India. It is a medium sized banking organisation with over 2000 branches all over India. There are several funding schemes offered under Andhra Bank Personal Loan plan. Andhra Bank was the first bank to introduce credit cards in the country in 1981. Today it offers a huge variety of loans catering different customer needs all over the country.
Loanbaba.com provides all the information about Andhra Bank Personal Loan.
This scheme of personal loans, as defined in the introduction is for individuals who earn a regular salary. This loan helps the salaried people to cater their personal needs such as white good, customer durables or any other domestic equipment.
Granted to the self-employed, this loan helps the individuals meet their credit requirements for personal responsibilities such as children’s education, weddings, vacations, payment of credit card debts, etc.
Loanbaba provides comprehensive information about personal loan schemes by Andhra bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for Andhra Bank Personal Loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Andhra Bank personal loans are offered to individuals who fulfil the following requirements-
Andhra Bank offers loans to people who can fulfil their minimum eligibility criteria. At Loanbaba.com, you can utilize Andhra Bank eligibility calculator for personal loan for free. The eligibility criteria to be able to assess the loan are as follows:
The Andhra Bank Personal loan section offered can be categorised into two parts, i.e., Consumer Loans and Clean Loans. The Consumer Loans are the personal loans offered to salaried people while the Clean Loans are for self-employed individuals.
Below provided are important questions about personal loan Andhra Bank.
If you are already a customer at Andhra Bank, then you may be able to negotiate for better interest rate. Otherwise, a high credit score, great credit history, and sustainable income and people of certain professional, may be eligible for lower interest rates on personal loan.
If you are knee deep in debt, then your personal loan application with Andhra Bank may be rejected. If you have active debts, then the total payout for it must be such that you can handle to pay off the personal loan, you are willing to take. Also, your repayment history must be clean for Andhra bank personal loan approval.
If you are unable to repay the personal loan as per loan agreement, then you can opt other ways of closing the loan. Loan settlement or debt consolidation is two of the options. You may be able to convert the unsecured loan as secured one. Check with the Andhra bank to know what the other options to close the loan are.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Andhra Bank.
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