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

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Other Advances
  PROPERTY - OVERDRAFT (POD)
PROPERTY - TERM LOAN (PTL)
 
Andhra Bank has formulated a a scheme “loans against property – overdraft / term loan”.

The highlights of the scheme is as under:
  • Individuals, partnership firms, limited companies and LLPs are eligible under this scheme.
  • The loan may be sanctioned in the form of overdraft facility or term loan 
  • The minimum limit will be Rs.5.00 lacs
  • The maximum permissible bank finance in the case of partnership firms, limited companies and LLPs are arrived based on 3 times of average (last two financial years) cash profit as per ABS. 
  • Margin for overdraft facility is at 50% of realizable market value of the property ( as per latest valuation report of Bank’s approved panel valuer. For term loans 40% of the realizable market value of the property ( as per latest valuation report of Bank’s Approved Panel Valuer)
  • The security offered should be non agricultural property, and may be residential/commercial/ industrial building/plot.
The Rate of Interest is market competitive.
 
 
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