Andhra Bank home loan – Quotes on EMI, Interest Rates, MCLR Rates, Eligibility, Documents, Processing Fees & Charges at emicalculator-india.com. Borrowers can use this tool for free. Home Loan from Andhra Bank. Apply for Housing/Home Loans Online & avail Nil Prepayment Charges, Low Interest, Quick Processing & Flexible Repayment.
Andhra Bank is a medium-sized public sector bank of India, with a network of 2803 branches, 4 extension counters, 38 satellite offices and 3636 automated teller machines as of 31 Mar 2016.
Andhra Bank offers home loans in floating & fixed type of interest rates. Get Housing Loan, AB Housing loans- NRI Scheme available through Andhra Bank. Interest Rates for Home loan starts from 8.80%. Andhra Bank offers 8.80% rate of interest on loan amount of upto 25 lakhs for upto 5 years tenure period. Minimum margin 10% for limits up to Rs.30 lacs, 20% for limits over Rs.30.00 lacs to Rs.75.00 lacs and 25% for limits more than Rs.75.00 lacs.
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Andhra Bank Home Loan Interest Rates
|Interest Rates||RLLR +.10 to RLLR+.20|
|Processing Fee||0.50 % of loan amount subject to maximum of Rs.10000/- + applicable tax.|
|Pre Payment Charges||Nil|
|Guarantor||Mortgage of House / Flat|
|Age||21 – 65|
|Loan Amount||25 Lakh|
|Margin||10% – 25%|
|Toll Free Number||1800 425 1515|
For repairs and renovation:
1. Up to 5 years of age of the property – Max loan Rs.10.00 lacs
2. Above 5 years and up to 25 years – Max loan Rs.15.00 lacs
Documents required in case of construction
Copy of approved plan.
A detailed estimate of construction.
Original title deeds of the site.
Development Agreement between the owner of the site and builder.
Allotment letter of the house/flat issued by Housing Board.
NIL Encumbrance Certificate.
Any other document stipulated by Legal Advisor / Sanctioning authority.
Example – Here is the monthly emi for Rs. 9 lakh home loan at interest rate of 8.85% p.a.
|Loan Amount||Tenure In Years||Monthly EMI||Total Amount||Total Interest|
Prepayment Charges for floating rate of interest:
No prepayment charges for loans with floating rate of interest
For loans up to Rs.10.00 lacs – Rs.100 per quarter.
For loans above 10 .00 lacs to 15.00 lacs Rs.150 per quarter
For loans above Rs.15.00 lacs Rs.250 per quarter.
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