Loan Details

Interest Rate

10.55% onwards

Processing Fee

0.50% - 1% of the loan amount



From 12 months to 60 months


Minimum of 12 months to a maximum of 60 months

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
Andhra Bank Business Loan Details
  • The company should have a minimum annual revenue of Rs. 40 lakhs.
  • A minimum annual income (ITR) of Rs. 1.5 lakhs is necessary for the company.
  • Those that have made a profit in their business for the previous two years
  • Self-employed persons, proprietors, private limited liability, and
    partnership firms engaged in the manufacturing, trading, or service
  • Individuals with a minimum of 3 years in the existing business and a total
    of 5 years in the business.
  • The borrower must be at least 21 years old at the time of loan application
    and no more than 65 years old at the time of loan maturity.


Self-employed candidates are required to submit the documents listed below along with the ones mentioned above:

  • Proof of business establishment
  • Address proof of Business
  • Proof of Business continuity of the past 3 years
  • Latest ITR along with computation of income
  • Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
  • Copy of bank statement of the past 180 days
  • Proof of earnings of the last 6 months

Identity Proof

● Driving License

● Aadhar Card

● Valid Passport

● PAN Card

● Voter ID

Proof of Residential Address

● Utility Bill

● Approved Building Plan

● Valid Passport

● Voter ID

● Registered Rent Agreement

Birth Date Proof

● Driving License

● Valid Passport

● Voter ID

● Aadhar Card

The loan verification proceeds in the following stages:

1. Fill the Andhra Bank business loan application form and upload it on the official website or wherever required. Submit copies of all the relevant documents required for application verification. It can be quickly done by signing up on

2. One of our customer care representatives will get back to you within 24 hours and schedule visits for collecting document copies (in case you chose offline submission of documents).

3. The concerned officials at Andhra Bank verify the documents and the details there. They may visit the property if necessary.

4. Once your application for a personal loan is approved, the loan amount will be disbursed to your account, and you will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.

Andhra Bank provides affordable and convenient personal loans with EMIs as low as Rs. 1,805 per lakh for a 60-month term and a rate of interest as low as 10.55%.

Further, Andhra Bank proposes the following business loan schemes:

Loan Schemes




Property Term Loan

Salaried Individuals, pensioners and Professionals and Self - Employed

Minimum – Rs. 2 lacs

Maximum - No limit

Up to 180 months


All new and existing micro and small enterprises except retail trade

Rs. 1 crore


AB Professional Loan

Constitution: Individuals, Firms, Limited Liability firms, Companies or Societies engaged in rendering professional services

Rs. 10 Lakhs

60 months

Doctor Plus

Constitution: Individuals, Firms, Limited Liability Firms, Companies Trusts and Societies engaged in rendering professional medical services

Up to Rs. 20 Lakhs

84 months