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Andhra Bank Personal Loan
There are many good reasons to take out a Andhra Bank personal loan, such as consolidating high-interest credit card balances and financing weddings or once-in-a-lifetime trips, but they are often most useful for less celebratory events, such as emergency home repairs or medical expenses. If you have a steady income and a good credit score, getting a personal loan is a good idea because you will be offered a low interest rate
Comparison of Interest Rates of Andhra Bank Personal Loan vs other Banks/NBFCs
| Banks | Interest Rates (per annum) |
|---|---|
| Andhra Bank Personal Loan | 11.6% to 13.25%- |
| SBI | 9.60% â 13.85% |
| 9.60% â 13.85% | 10.25% â 21% |
| PNB | 7.90% â 14.50% |
| ICICI Bank | 10.50% â 19% |
| Axis Bank | 10.25% p.a. onwards |
| Kotak Mahindra Bank | 10.25% onwards |
| IndusInd Bank | 11.00% onwards |
| IDFC First Bank | 10.49% â 23% |
| Bajaj Finserv | 13.00% onwards |
| Tata Capital | 10.99% onwards |
The following are the characteristics of an Allahabad Bank personal loan
Allahabad Bank personal loans include the following features: In terms of the loan quantity, Allahabad Bank offers loans ranging from Rs. 15,000 to Rs. 1.5 million depending on the individual’s needs.
There is a wide range of choices: Allahabad Bank offers several personal loan programs to address the diverse financial needs of its customers, including AllBank Vidya, the Home Appliances Finance Scheme, the New Saral Loan, and the All Bank Rent Loan.
There is little time and effort involved in applying online for an Allahabad Bank Personal Loan.
Allahabad Bank asks for a few documents to process your loan application quickly and deliver the money once it is approved.
Different Kinds of Andhra Bank Personal Loan
Andhra Bank Personal Loan:
Purpose: SA personal loan is a convenient way to consolidate existing debt
Interest Rate:11.6% to 13.25%
Loan Amount: Depends on the income of the applicant
Processing Fee: Nominal
Consumer Loan:
Purpose: Purchasing durable items and household appliances
Interest Rate:11.6% to 13.1%
Loan Amount: Maximum amount of Rs.2 lakh
Processing Fee: Nominal
Clean Loans :
Purpose: Meeting immediate financial contingency
Interest Rate:11.75% to 13.25%
Loan Amount: 40% of the gross salary – Twice the average annual proven income
Processing Fee: Nominal
Why Choose an Andhra Bank Personal Loan?
Personal loans from Andhra Bank are available at competitive interest rates to a wide range of customers. Processing fees are minimal, and repayment terms can last up to 60 months. Interest rates begin at 11.60 percent per annum. Some of the advantages of an Andhra Bank Personal Loan are:
Easy Disbursement
There is no need for a guarantor
Personal Documents
Easy Application Procedure
Prepayment of Andhra Bank Personal Loan
Prepayment or pre-closure occurs when a borrower pays off their loan in full or in part before the agreed-upon due date. Andhra Bank allows you to prepay your personal loan if you have paid at least 12 months’ worth of EMIs. Depending on the number of EMIs remaining, you may be charged a preclosure fee of up to 5% of your outstanding loan amount. The main criterion is the interest rate that each bank charges when making a loan to a candidate who applies for one. The best that banks can offer is a better interest rate on the loan amount than other banks.
What makes RupiLoan right platform to apply for an Individual Loan?
Most trustworthy lenders
In order to present you with the best loan alternatives from various lenders in one place, Rupiloan has partnered with more than 30 banks, non-bank financial institutions, and fintech businesses.
Make comparisons
What’s the best option? Using a few mouse clicks, you can research and compare personal loan offers from India’s leading banks, non-banking financial institutions (NBFCs), all on one screen.
Personalised options available
With a high degree of acceptance assurance, we provide customised solutions RupiLoan ranks personal loan offers based on your credit score and other qualifying factors to determine which ones are most relevant to you. Your loan application will be accepted if you use this information to help you choose the best deal.
Can gain benefit from Pre-approved loans
These loans are those that have already been authorised. Once you’ve joined the Rupiloan community, you’ll get personalised pre-approval offers for personal loans based on your credit score and history. There is minimal to no verification required for these loans and the processing expenses are inexpensive.
Right advice
RupiLoan’s team of experts will assist you in every stage of the procedure, coordinate with lending banks/NBFCs, and help you get the best personal loan for your needs.
When it comes to applying for a personal loan, Rupiloan.com is a 100% digital-only company, which means that you can apply from the comfort of your own home with zero to little paperwork and an entirely digital experience.
End-to-end Assistance
After you complete your loan application, RupiLoan representatives will visit your home or place of business at a mutually agreed-upon time and day to pick up any physical papers that is needed. RupiLoan takes care of everything for you, so you don’t have to go to a lending institution in person to submit your documentation. Comprehensive Help from Start to Finish RupiLoan’s team is always by your side, working with the lenders to make sure you have an excellent experience from beginning to finish, from searching for a loan choice to getting the sanctioned money in your bank account.
