Andhra Bank has launched a special scheme “AB Swarna Loan Scheme”especially for Non Agricultural Gold Loan (NAGL) segment for meeting the short term loan requirements of the borrowers from the festival UGADI i.e., from 05.04.2011 to 30.09.2012 with the following features during this period.

Under the “AB Swarna Loan Scheme” – NAGL Sector, we offer:

1. Rate of interest @ 12.90% p.a. fixed, if the loan is repaid within 6 months from the date of disbursement.
2. If the loan is not closed with interest within a period of 6 months, the borrower will however have an option to continue the loan up to 1 year with normal rate of interest i.e., @ 14.75% fixed from the date of disbursement.
3. Loans to be granted maintaining margin as per extant guidelines against the security of gold jewellery and gold coins