Andhra Bank
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Toll Free Number: 1800 425 1515

Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on

Loans against Gold Ornaments for Non Agricultural Purpose


Loans are allowed for  various purposes like

  • Pure consumption,
  • Personal
  • Business  and not for speculative purposes.

    Any property identified person/existing customers who are properly identified and accepted as a customer as per KYC-AML guidelines

      Rate of interest
    Up to Rs. 25,000 MCLR + 1.80 % 
    Above Rs.25,000 up to 50,000 MCLR + 1.40 % 
    Above Rs.50,000MCLR + 1.05 % 
      Prepayment charges
    No prepayment charges.

    Up to 50 grams coins only issued banks shall be accepted per borrower.

     Quantum of Finance per gram
    Rs.2000/- per gram or 75% of the market value (per gram 22 Ct. pure) of gold which ever is less.

    No Processing charges

    Appraising charges : 1% of the loan amount sanctioned.
    50% concession in applicable charges for the limits above Rs.2.00 lakhs.