Andhra Bank
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Toll Free Number : 1800 425 1515

 
Non-Fund based limits
 
  Deferred payment Guaranteess

  • For acquisition of Capital goods (Plant & Machinery including Generators) where there is provision for Suppliers Credit by the Manufacturer/Supplier
  • Terms of payment in tune with Credit extended by the manufacturer/Supplier
  • Security: Primary security:1st charge on fixed assets financed. Collateral security and Third party guarantee as per Bank policy.
 
  Bank Guarantees

  • Guarantees in lieu of Earnest money Deposit, Security Deposit, Bid Bonds, Advance payment, Performance, Retention money etc
  • Depending upon nature of business requirement
  • Margin, Security, Commission, period of guarantee as per Bank norms
 
  Letters of Credit

  • For purchase of Raw materials/inputs and Capital goods
  • LC issued will be as per terms of suppliers of the goods/services
  • Margin, Security, Commission shall be as per Bank norms