Andhra Bank has a package of loans to offer to its valued customers. Andhra Bank loans are disbursed through its wide branch banking network. All Andhra Bank loans are given after following strict procedures as dictated by the RBI. All Andhra Bank loans are characterized by competitive interest rates.
Categories of Loans
The Andhra Bank loans are given in the following broad categories: Educational, Automobile, Contingency loans, and housing loans. Andhra Bank Corporate loans are also granted. Loans are also given to small and medium enterprises.
Corporate Banking
The Andhra Bank loans can be broadly divided into 3 types: retail loans, corporate banking, and agriculture loans. Corporate Andhra Bank loans can be subdivided into:
Export and Import Finance
Sub BMPLR Finance
Advance against Shares
Advance to Real Estate Developers
Bridge Loans
Project Finance
Non Fund Based Limits
Takeover Accounts
Working Capital Loans
Bill Finance
Foreign Currency Loans
Advance against Rent Receivables
Term Finance
Corporate Loans
Infrastructure Project Finance
Retail Loans
Andhra Bank retail loans are given to individuals. The loan amount granted depends upon the nature of the scheme as well as the financial health of the borrower. Andhra Bank Student loans are given after keeping certain assets as collateral. The list of Andhra Bank retail loans are:
Andhra Bank Nightingale for nurses
Andhra Bank Doctor Plus for medical practitioner
Andhra Bank Dr. Pattabhi Vidya Jyothi for educational funds
Andhra Bank Vanitha Vahan exclusively for women who wish to purchase a vehicle.
Andhra Bank Personal Loan to meet any credit requirements of any person.
Andhra Bank Vehicle loans for purchasing 2 wheeler and 4 wheeler vehicles
Andhra Bank Clean loans to meet cash requirements.
Andhra Bank Mortgage loans for loan against property.
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