Andhra Bank
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Toll Free Number: 1800 425 1515

Anytimers
 
Composite Loan Scheme
 
  Eligibility


Artisan, Village and Cottage Industries and Micro enterprises –Manufacturing units under the scheme irrespective of their location.

 
  Purpose


For equipment finance or working capital or both. The scheme also cover outlay on work sheds required by beneficiaries for carrying out their activities

 
  Quantum


Maximum Rs.100.00 lakhs.

 
  Margin

a) Upto Rs.25,000/-  Nil
b) Above Rs.25,000/- and upto Rs.25.00 lakhs  15% to 25% 
c) Above Rs.25.00 lakhs and upto Rs.100.00 lakhs As per Bank guidelines

                                                                             

 
  Security


Primary: Pledge/ Hypothecation/Mortgage of assets created out of the loan
Collateral: Nil up to Rs.10 lakhs
                For above Rs.10 lakhs-As per Bank policy from time to time

               
 
  Co-obligation/ Guarantee


Upto Rs.10 lakhs- Nil

Above Rs.10 lakhs- As per Bank policy from time to time
 
  Repayment


3 to 10 years with initial moratorium of 12-18 months

 
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