Loan Details

Interest Rate

10.90% onwards

Processing Fee

0.5% of the loan amount above + GST





Up to 5 years

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
Andhra Bank Personal Loan Details

- Age For Salaried Employees: 18 - one year before retirement For Business Owners: 25
- 75 years

- Credit Score 700 or more.

- Employment type Salaried Individuals, Self-employed Individuals, Government

- Minimum Monthly Income Rs. 15,000, Rs. 20,00 in case borrower is residing in Delhi,
Kolkata, Mumbai, Bengaluru, Chennai, Ahmedabad, or Pune

- Work experience Minimum 1 year in the current organization

Along with the application form, the borrower needs to submit the following documents:

Proof of identity

- Passport

- PAN Card

- Employee identity card

- Any other valid proof

Proof of address Electricity bill

- Telephone bill

- Aadhar

- Any other valid proof

- PAN Card

Proof of income

- Last three-year ITR

- Last three year Form-16/ letter from Employer

- Last 6 months salary slip

- 2 photographs

- Proof of out-goes

- Loan repayment statement, if any

- LIC Policies, if any

- Valid proof of any other out-go

- Any other document required as per the application form

The loan verification process at Apnapaisa is straightforward and simple:

1. Fill in the application form and submit it along with the other required documents. It can be quickly done by signing up on

2. You will receive a call from one of our representatives within 24 hours to schedule a pickup of the documents if you opt for offline submission of the documents.

3. The concerned department representatives at Andhra Bank will verify the documents and the details.

4. After completing the loan’s verification process and approval, the lender will call you with the loan offer and ask for your consent for disbursal.

5. Once you have accepted the loan offer, the amount gets credited to your accounts within 48 hours.

6. You will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.

Starting from as low as 10.9%, the rate of interest applicable varies between 4.1 - 6.2% in addition to the current EBLR, depending on the borrower’s CIBIL score.