Andhra Bank
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Toll Free Number : 1800 425 1515

Other Advances
  Advance Against Rent Receivables

Keeping in view the tempo in activities related to real estate/commercial complexes/technology parks our bank has formulated scheme, where the owners of the existing real estate such as shopping malls, office premises etc have been offered finance to be repaid out of the rentals generated by these properties.

Highlights of the scheme: 
  1. The scheme covers all types of customers namely individuals, Sole Proprietorship, Partnership Firms, Public Limited Companies, Private Ltd Companies, Trusts etc owning properties including our Landlords of our Branch Premises.
  2. There is no minimum and maximum loan amount.
  3. The lessees can be of reputed Public Sector, Multinational undertakings, Embassies and Consulate Offices of Foreign Countries, Public Sector Banks, Public Sector Financial Institutions, National/International Airlines etc.
  4. Generally limits shall be considered for the purpose of closing the loan taken for development/construction of the property. In cases where the property is constructed with own sources limits can be considered for the expansion/development of existing Business.
  5. The loan shall be repaid within the unexpired lease period including option period/120 months whichever is lower.
The rate of interest is market competitive.