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 adchelpdesk@andhrabank.co.in

Anytimers
 
AB Kisan Chakra
Eligibility:
  • Existing borrowers who are owner cultivators having minimum 2 acres of double cropped area / 5 acres of single cropped area.
  • All farmers below the age limit of 55 years.
  • Women farmers are also eligible for finance.
  • Loans considered in the name of son / daughter, if the farmer has become ineligible due to age factor.
Purpose:
Purchase of Two Wheelers & Four Wheelers
Amount of Finance:
  • Two Wheeler : 75% for other farmers and 85% for small & marginal farmers on the cost of new vehicle including life tax and insurance subject to a maximum of Rs. 75,000/-.
  • Four Wheeler : 75% cost of the new vehicle including life tax and insurance subject to a maximum amount of Rs.5,00,000/-.
Margin:

Other farmers: 25%; Small and Marginal Farmers: 15%.

Repayment:
Repayable in 5 years in monthly/bi-monthly/quarterly/half-yearly/yearly as per the option exercised by the borrower. 

 Rate of interest:

click here for Interest rates
Others:
  • Vehicle purchased to be hypothecated to the bank with endorsement in the 'C' book.
  • Insurance with Bank's clause.
  • Suitable guarantee of third party.
  • Collateral Security value of minimum 75% of the loan amount shall be offered in the form of Mortgage for aggregate limits exceeding Rs.5,00,000/- for existing borrowers and Rs. 1,00,000/- for new borrowers.
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