Andhra Bank
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Toll Free Number : 1800 425 1515

Loans against Term Deposits
  The rules are similar to that of Loans against Domestic Deposits

Eligible Loan amount: 90% of value of Deposit
Interest: Interest on Deposit+2%
Third party Loans: In the case of third party loans, the rate of interest changes with the type/category of the borrower, margin, and also the size of the limit for details refer to our CMRD circular 423 Ref No 26/59 dated 21.02.2007(pages 36,37).If the Loan is for more than 3 years, term; premia is to be added.

The Loans against the above deposits cannot be utilized for the purpose of re-lending or for carrying on agriculture or plantation activities or for investment in real estate business