Andhra Bank Business Loan Interest Rate Calculator - Jan 2017

Andhra Bank Business Loan Interest Rates

Last Updated 20th Jan 2017
Self Employed
Interest Rate 15.75% - 16.00% Check Special Offer
Lowest EMI Rs. 2,419 per lakh
Tenure From 12 months to 60 months
Loan Amount Min Rs. 50,000 and Max Rs. 500,000
Processing Fee Case to Case
Part Prepayment, Charges Nil prepayment charges
Early Foreclosure, Charges Nil prepayment charges
Apply Business Loan Online @13.50%*

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Andhra Bank Business Loan

Andhra Bank gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from Andhra Bank:
  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • Andhra Bank has over 3,072 branches in India where you can avail service

Business Loan Andhra Bank

Business loan interest rates offered by Andhra Bank are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in Andhra Bank benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in Andhra Bank benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
Andhra Bank Business Loan Interest Rate depends upon
  • Loan amount: Business loan rate in Andhra Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: Andhra Bank offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: Andhra Bank will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: Andhra Bank offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Andhra Bank allows prepayment of business loan after paying 0 EMI’s with prepayment charges
Processing Fee- Andhra Bank asks for a processing fee of Case to Case of loan amount with applicable service tax

Andhra Bank Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by Andhra Bank is 2,419 per lakh loan amount. Business loan EMI of Andhra Bank depends on factors like:
  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 60 months business loan from Andhra Bank at interest rate of 15.75% per annum, EMI will be Rs. 2,419 per Rs. one lakh loan amount. At interest rate of 16.00% for the same loan, the EMI will be Rs. 2,432
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 15.75% per annum, the EMI on Andhra Bank business loan would range from Rs. 9,061 to Rs. 2,419 for loan tenure ranging from 12 to 60 months
  • Amount Borrowed: Andhra Bank Loan EMI will be high if you apply for a high loan amount. For amount borrowed 50,000, the EMI at 15.75% for 60 months would be 1,209. Similarly for amount borrowed 500,000, the EMI at 15.75% for 60 months would be 12,093.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of Andhra Bank helps you to calculate your monthly EMI at different rate of interest
  • Andhra Bank EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Estimated EMI online by using EMI Calculator.

Andhra Bank Business Loan Eligibility Calculator

Business loan eligibility criteria Andhra Bank

Eligibility of Business loan in Andhra Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan.
  • CIBIL Score: When checking eligibility for business loan, Andhra Bank will look at the complete CIBIL report. Andhra Bank will check your repayment history for all current and past loans and credit cards.

Business Loan Andhra Bank documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI

Compare Andhra Bank Business Loan

Andhra Bank Business Loan in India

Andhra Bank Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1800-425-2905,
Ahmedabad 1800-425-2905,
Ambala 1800-425-2905,
Anand 1800-425-2905,
Aurangabad 022-26876181,
Bangalore 080-26578833,
Bhilai 1800-425-2905,
Bhilwara 1800-425-2905,
Bhiwadi 022-26876181,
Bhopal 1800-425-2905,
Bhubaneswar Cuttack 1800-425-2905,
Bikaner 1800-425-2905,
Chandigarh 1800-425-2905,
Chennai 044-24994924,
Cochin 1800-425-2905,
Coimbatore 044-24994924,
Dehradun 1800-425-2905,
Delhi 0124-2581936,
Durg 1800-425-2905,
Faridabad 0124-2581936,
Gandhinagar 1800-425-2905,
Ghaziabad 0124-2581936,
Goa 1800-425-2905,
Greater Noida 0124-2581936,
Gurgaon 0124-2581936,
Guwahati 1800-425-2905,
Gwalior 1800-425-2905,
Hyderabad 040-23210907,
Indore 1800-425-2905,
Jabalpur 1800-425-2905,
Jaipur 1800-425-2905,
Jalandhar 1800-425-2905,
Jodhpur 1800-425-2905,
Kanpur 1800-425-2905,
Karnal 1800-425-2905,
Kolhapur 022-26876181,
Kolkata 033-22472068,
Kota 1800-425-2905,
Kozhikode 1800-425-2905,
Lucknow 1800-425-2905,
Ludhiana 1800-425-2905,
Madurai 044-24994924,
Meerut 1800-425-2905,
Mehsana 1800-425-2905,
Mohali Sas Nagar 1800-425-2905,
Mumbai 022-26876181,
Mussoorie 1800-425-2905,
Nagpur 022-26876181,
Nashik 022-26876181,
Noida 0124-2581936,
Noida Extn. 0124-2581936,
Panipat 1800-425-2905,
Patna 1800-425-2905,
Pondicherry 1800-425-2905,
Pune 022-26876181,
Raipur 1800-425-2905,
Rajkot 1800-425-2905,
Ranchi 1800-425-2905,
Rohtak 1800-425-2905,
Roorkee 1800-425-2905,
Salem 044-24994924,
Shimla 1800-425-2905,
Sonepat 1800-425-2905,
Surat 1800-425-2905,
Trichy 044-24994924,
Udaipur 1800-425-2905,
Vadodara 1800-425-2905,
Varanasi 1800-425-2905,
Vijaywada 040-23210907,
Vizag 040-23210907,
Andhra Bank Business Loan News - Jan 2017
02nd Aug 16 Andhra Bank opens 24x7 facility
Andhra Bank plans to provide 24x7 banking facility in all its branches in phases. After the opening of Navshakti branch at its main branch, people do not have to wait in long queues to transact at fixed business hours as in conventional branches. Navshakti branches are a boon to customers as they can transact easily even at night after their regular office hours. In the next 2 to 3 months, bank is planning to open six more such branches in the zone.
15th Jul 16 Andhra Bank reduces MCLR by 0.05 percent
Andhra Bank will reduce its Marginal Cost Lending Rate (MCLR) by 0.05 percent or 5 basis points across maturities. This will reduce its one-year MCLR to 9.55 percent, from the current rate of 9.60 percent . Overnight MCLR will be reduced to 9.3 percent , while 6 month MCLR will be lowered to 9.4 percent. The new MCLR will be effective from July 15, 2016.
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