ANDHRA BANK - CLEAN LOAN

MONEY WHEN YOU NEED

Nature of the Scheme:

Cash loan to IndividualsPurpose : To meet any genuine credit requirement of the borrower for personal purpose.

Quantum of Finance :

For Salaried Persons:

Fresh Finance: 8 times gross salary subject to maximum of Rs. 1,00,000 /-
Repeat Finance: 10 times gross monthly salary.
For Non Salaried Persons : 2 times average annual proven income subject to a maximum
loan of Rs. 50,000 /-. (Annual income as average of last three
years income shown in IT returns/ assessment orders).
For Pensioners: 8 times of monthly pension.

Repayment: 60 months (EMI)

Take home pay: 40% after the proposed installment in case of salaried persons.

Interest rate: As applicable on the date of loan.

Co-obligation: Husband/ Father or any third party acceptable to the bank.

Security : Nil

Charges: Processing and service charges as applicable.

Renewal Facility: Renewal facility can be allowed only after 1/3rd of the
stipulated repayment period of loans is lapsed and the
installments are regular and up to date.

Other Terms and Conditions apply.

This is not meant to be a prospectus. This is only a gist of the salient features. For further details and other conditions, contact your nearest Andhra Bank Branch. Branch Functionaries will clarify any issue relate to Clean Loans.