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
 
Loans against NSCs, KVPs and LIC Policies
 
  Purpose

To meet any contingencies and personal  credit requirement
 
  Types of securities accepted

National Savings Certificates (NSC), Kisan Vikas Patra (KVP), Life insurance policies, any other security that the Bank may specify from time to time
 
  Restrictions


loans or advance of any type will not be sanctioned against

  • the security of  Indira Vikas Patra (IVP)
  • NSCs and  KVPs issued by far off post offices
  • Life Insurance policies which are in the name of third parties
 
  Amount of loan

Upto Rs 50000/- without third party guarantee and above Rs 50000/- against third party guarantee acceptable to the Bank
 
  Margin

25 % (value of the security includes accrued interest)
 
  Facility

Term Loan
 
  Repayment

Repayable within a maximum period of sixty months
 
  Prepayment charges

Charges applicable as per guidelines in force
 
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