Eligibility

General

• Age 21 to 65 years.
• Repayment maximum 20 years.
• 75% of cost of construction OR 85% of Registration value for outright purchase as loan
• Purchase of House: Age of independent house should not be more than 25 years.
• Age of the flat should not be more than 20 years.
• No guarantee / co obligation.

Eligibility

General

• Age 21 to 65 years.
• Repayment maximum 20 years ( including gestation period)
• Gestation Period: For Construction of purchase of flats- Maximum 18 months or taking possession whichever is earlier.

Purpose of Loan

For purchase/construction, repairs/renovation of House/Flat

Eligibility

• Non Resident Indians with minimum one year of abroad service between the age of 21 years to 65 years

Nature of the Scheme

2 wheeler and 4 wheeler loans to Individual

Eligibility

• Any individual having minimum gross income of Rs. 1.00 lac per annum for 4 wheelers and Rs. 60,000 /- p.a for 2 wheelers. 

Nature of the Scheme

2 wheeler and 4 wheeler loans to Individual

Eligibility

• Any individual having minimum gross income of Rs. 1.00 lac per annum for 4 wheelers and Rs. 60,000 /- p.a for 2 wheelers. 

For 2 wheelers income should be more than Rs. 60,000 /- p.a
 50% of the husband's salary will be taken for computing eligibility provided he is a  co-obligant. 

For 4 wheelers income should be more than Rs. 1,00,000 /- p.a
 50% of the husband's salary will be taken for computing eligibility provided he is a  co-obligant. 

Eligibility

• Must be an Indian National
• Must be over 12 years of age but within 30 years
• Secured admission to Professional/ Technical courses through Entrance Test/ Selection Process.
• No minimum qualifying marks.

Nature of the Scheme

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 initially for a period of three months from the festival UGADI i.e., from 05.04.2011 to 30.06.2011 with the following features during this period

Nature of the Scheme

To provide consumer credit to individuals having an assured source of regular income  to acquire consumer durables such as  purchase of brand new consumer durables like Refrigerators, TVs, wooden and steel furniture, washing machines, Mixer and grinders, Cooking ranges and other house hold equipments

Nature of the Scheme

Cash loan to Individuals

Purpose

To meet any genuine credit requirement of the borrower for personal purpose.

Purpose

To meet genuine credit requirement of the borrower for personal purpose

• Senior Citizens of India who owns a self-acquired dwelling house, which is under his occupation.
• Commercial property is not eligible under this scheme

Eligibility
Individuals, proprietorship, partnership, public Ltd. Cos, Private Ltd. Cos, Trust are eligible to avail the facility. 

Purpose

To meet any contingencies and personal  credit requirement

Professionals occupy a premier place in service sector which is contributing a major share in GDP. To faucet this potential segment, Andhra Bank introduces a special scheme named “AB PROFESSIONAL LOAN” from 30.01.2012.