Andhra Bank
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Toll Free Number: 1800 425 1515

Anytimers
 
Mortgage Loans
 
 Purpose
 
To meet any genuine credit requirement for personal purposes.
 
Eligible Borrowers:
 
  • Employees, Pensioners receiving such income at Andhra Bank branch
  • In case of salaried persons not drawing salary from the branch, irrevocable letter of undertaking letter from their employer to remit loan installments to the branch directly till the closure of loan is to be obtained.
  • Valued constituents of the Bank
  • Only individuals and who own the property in their name/spouse/major children name are eligible for mortgage loan.
 Rate of interest
 
For loans up to 36 months : Base rate + 2.75%
 
For loans above 36 months upto 60 months : Base rate + 2.75%+0.25
 
For loans above 60 months : Base rate + 2.75%+0.50 

 Repayment Period

 Maximum repayment period is 120 months.

   
 Age of the applicant
 
Age at the time of availing loan is to be in the bracket of 21 to 65 years (inclusive).
 
 Quantum of Loan
 
50% of the value of security depending on thr repayment capacity and maximum of Rs.200 lakhs
 
Repayment Period
 
Maximum 60 EMI
 
 Co-Obligation
 
Third party acceptable to Bank
 
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