MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Personal Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Personal Loan - HDB Financial vs Andhra Bank

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
13.00% - 36.00%
8.90% - 13.00%
Processing Fees
Processing Fees
Upto 3% of Loan Amount
Case to Case
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 20 Lakh
₹ 50,000 to ₹ 5 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,275
₹ 2,071
Part Payment Charges
Part Payment Charges
Allowed after 6 months at Nil Partpayment charges
Allowed after 0 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at Nil foreclosure charges
Allowed after 0 months at Nil prepayment charges
Eligible Age
Eligible Age
22 to 60 Years
18 to 55 Years
Minimum Income
Minimum Income
₹ 20,000
₹ 20,000
Current Work Experience
Current Work Experience
6 Months
0 Months
Total Work Experience
Total Work Experience
6 Months
0 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.3/5.0
4.3/5.0
Add Bank

Compare EMI of HDB Financial and Andhra Bank Personal Loan

Loan Amount HDB Financial Andhra Bank
₹ 1 Lakh ₹ 2,275 ₹ 2,071
₹ 5 Lakh ₹ 11,377 ₹ 10,355
₹ 10 Lakh ₹ 22,753 ₹ 20,710
₹ 12 Lakh ₹ 27,304 ₹ 24,852

Which is a better bank for Personal Loan – Andhra Bank or HDB Financial?

Andhra Bank offers lower Personal Loan EMI at 2071 on a Personal Loan for 60 Months as compared to HDB Financial with a minimum EMI of 2275 for 60 Months. Average customer ratings for Andhra Bank is currently at 4.3/5.0 which makes it a good choice for taking a Personal Loan.

How does Andhra Bank Personal Loan compare with HDB Financial Personal Loan?

It is important to do a detailed comparison of Andhra Bank and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Andhra Bank Personal Loan is 8.90%, which is lower than the lowest interest rate of HDB Financial at 13.00%. Hence, Andhra Bank is offering a cheaper loan option.
  • When compared on other Personal Loan charges such as processing fees, HDB Financial charges a processing fees of Upto 3% of Loan Amount while Andhra Bank charges a processing fees of Case to Case.
  • HDB Financial offers Personal Loan upto an amount of ₹ 20 Lakh while Andhra Bank offer Personal Loan upto an amount of ₹ 5 Lakh. HDB Financial can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is foreclosure facility. Andhra Bank gives the option to close the loan after Zero months at Nil prepayment charges and HDB Financial gives the option to close the loan after 6 months at Nil foreclosure charges. This makes Andhra Bank a better option for Personal Loan.
  • Andhra Bank and HDB Financial allow part payment on Personal Loan after Zero months at Nil charges. Andhra Bank applies a charge of Nil charges and HDB Financial charges Nil charges on Personal Loan.
  • Andhra Bank with an average customer ratings of 4.3 is equally comparable to HDB Financial with an average customer rating of 4.3. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers lower interest rate on Personal Loan – Andhra Bank or HDB Financial?

As per the current rates, Andhra Bank offers a lower interest rate of 8.90% on Personal Loan when compared to HDB Financial which offers a Personal Loan at 13.00%.

Know all about Personal Loan

Know more about HDB Financial Personal Loan

Know more about Andhra Bank Personal Loan

Compare HDB Financial Personal Loan With Other Banks

Compare Andhra Bank Personal Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Personal Loan News - Jun 2021
  • 2021-06-23 : Capital India Home Loan plans to double asset book to Rs 250 crore this fiscal
    Capital India Home Loan aims to double its asset book to over Rs 250 crore by the end of the current fiscal year. The housing finance company that deals in Home Loan, Commercial Property Loan, Loan Against Property, Business Loan, Top-up Loan, Personal Loan, and Consumer Loan had a loan book of about Rs 135 crore in the financial year ended March 31, 2021. The loan book is expected to touch Rs 250 crore by March 2022.
  • 2021-06-23 : Muthoot Fincorp acquires 54% stake in Paymatrix
    Gold loan company Muthoot Fincorp has acquired a 54% stake in Hyderabad-based fintech startup Paymatrix by buying out existing investors as part of its added focus on the digital payments segment. Muthoot Fincorp has around 2 million customers in gold loans, retail loans, small business loans, affordable housing, two-wheeler and used-car loans, money transfer, foreign exchange, insurance sales, and wealth management, through its 3,600 branches.
  • 2021-06-21 : BharatPe FY21 revenue jumps over six times to Rs 700 crore
    In the financial year 2020-21, BharatPe has witnessed a huge jump in its revenues. With the pandemic forcing more and more people and businesses to use digital transactions, it has helped the start-up earn a revenue of over Rs 700 crores, compared to just Rs 110 crores in 2019-20. The company gives small-ticket fully unsecured loans, which majorly includes personal loans, along with two-wheeler loans, car loans and other small loans, averaging at Rs 75,000 to its merchant members. The company also saw an increase in the number of merchants from 24 lakhs to 60 lakhs along with the rise in transaction value from 10 crores a month to 2.7 crores a month.
  • 2021-06-16 : ICICI STACK launched by ICICI Bank for Corporates
    ICICI Bank announced the launch of ICICI STACK for Corporates. This will provide customised digital banking services to companies in over 15 leading industries. ICICI STACK is going to offer digital banking solution banking solutions to corporates to seamlessly meet their banking requirements.
  • 2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
    Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...