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#2
19th November 2015, 10:49 AM
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| Re: Andhra Bank Online Registration
As per you demand I will help you here to get the information about the bank and process to apply for the home loan of Andhra Bank Here I’m telling you the process to apply for the Home Loan of Andhra Bank Go to the official site of Andhra Bank Site page will open at middle left hand side of the page you can see a option of apply online Click on that section a new page will open there at left hand side Click the option home loan A new page will open which looks like this there fill the required information Andhra Bank Home Loan Registration  Here is the information about the loan Age 21 to 65 years. Repayment maximum period is 30 years. Maximum age on due date of loan is not to be more than 75 years. Individuals either singly or jointly with family members. For construction or purchase of house/flat. Minimum margin 10% for limits up to Rs.20 lacs, 20% for limits over Rs.20.00 lacs to Rs.75.00 lacs and 25% for limits more than Rs.75.00 lacs. Eligibility criteria for loan Eligibility of loan amount is based on repayment capacity. For purchase of plot: 1. The plot is to be situated in residential areas within Municipal/Corporation limits in urban and metro areas. 2. Finance shall also be considered for purchase of sites offered for sale by state owned agencies 3. Maximum time limit to complete construction of house stipulated is 12 months from the date of loan for purchase of plot. 4. Assessment of eligible amount of loan is based on repayment capacity for both the components of loan – i.e. for plot and construction together. Rates of Housing Loan SLAB LTV Minimum Margin Rate of interest Up to 20 lakhs 90% 10% Base Rate Above 20 lakhs and up to 75 lakhs 80% 20% Base Rate Above 75 lakhs 75% 25% Base rate+0.25% Home loans repairs /Modifications 75% 25% Base Rate+1.00% Address:- Andhra Bank Dr.Pattabhi Bhavan 5-9-11 Saifabad, Hyderabad 500 004 Phone:- 040-23252285 |