Best Loan Offers
Curated Offers from 20+ Lenders
Unsecured Loan
Term Loan & OD Facilities Available
Expert Advice
Guidance & Assistance
Top Up Facility
Loan to Get Additional Funds
15.6L Reviews
Avail up to ₹1 Cr starting at 13%
15.6L Reviews
Best Loan Offers
Curated Offers from 20+ Lenders
Unsecured Loan
Term Loan & OD Facilities Available
Expert Advice
Guidance & Assistance
Top Up Facility
Loan to Get Additional Funds
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
Get up to ₹1 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Enter OTP to verify your mobile number.
Step 3: Provide your personal details.
Step 4: Select a bank account for account aggregator consent.
Step 5: Compare offers and apply for the best-suited loan.
| Maximum Loan Amount | Rs. 10.00 Lakh |
| Interest Rate | 8.20% p.a. onwards |
| Tenure | 3 years to a max. of 5 Years |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges
Andhra Bank Mudra Loan Interest rates and processing charges are:
| Category | Shishu | Kishore | Tarun |
| Rate of Interest | 8.20% p.a. onwards | 10.25% p.a. onwards | |
| Processing Charge | Waived | 50% concession on applicable fees | |
* 0.25% TP for loan period above 36 months and up to 60 months & 0.50% TP for loan period above 60 months
Also Know - What is the interest rate for a Mudra loan? Compare Rates from All Banks & NBFCs
Entities who are in the Non-Corporate Small Business segment (NCSB) can avail this loan. NCSB comprises of Proprietors or Partnership firms. Below mentioned are the entities that are eligible to avail Mudra loan from Andhra Bank:
These business segments could be operational in rural or urban area.
Mudra loan is classified into three categories based on the amount of loan offered. The three categories and the maximum loan amount that can be attained under them are:
| Mudra Loan Scheme | Amount |
|---|---|
| Shishu | Up to Rs. 50,000 |
| Kishore | Between Rs. 50,000 & Rs. 5.00 Lakh |
| Tarun | Between Rs. 5.00 Lakh & 10.00 Lakh |
Under Shishu scheme of Andhra Bank Mudra Loan applicants can avail up to Rs. 50,000 . This amount is beneficial to customers who are just setting up their business. The interest rate charged by Andhra bank is its MCLR which is 8.20% p.a. onwards for Shishu loan scheme .
Kishore scheme is for those customers who require a loan amount over Rs. 50,000 but less than Rs. 5.00 lakh . It is a good option for businesses that are already established and want to expand it. The money can be used to hire more people, install machinery and so on.
Tarun lends the maximum amount of loan money under Mudra scheme. The scheme allows customers under NCSB category to avail a loan up to Rs. 10.00 Lakh. This allows the customer to expand their business rapidly, purchase additional equipment, or meet the demands of growing business.
Andhra Bank Mudra loan needs to be repaid within 3 years . However, banks can extend the loan tenure based on an annual review for up to 5 years . The bank will decide the loan tenure on the basis of the amount sought and the cash flow of the business.
Avail Andhra Bank For
All Your Needs
Andhra Bank Mudra Loan comes with many features and benefits, some of them are:
Also Read: How to get an MSME Loan?
The documents required to apply for Andhra Bank Mudra Loan are:
Aside from this the following KYC, Know Your Customer, documents are also required:
| Identity Proof | Passport, PAN Card , Aadhaar Card , Voter’s ID Card, Driving Licence, Photo Credit Card, Central and State Govt. issued Photo ID Proof, Defence ID Card, etc. |
| Residence Proof | Aadhaar Card, Ration Card, Passport, Bank Account Statement, Voter’s ID Card, Letter from any recognized public authority, Telephone Bill, Electricity Bill, Water Bill (not more than 3 months old), etc. |
| Income Proof | Salary Slips (not more than 3 months old), Bank Statements (not more than 3 months old), ITR, Form-16, etc. |
Get up to ₹1 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Enter OTP to verify your mobile number.
Step 3: Provide your personal details.
Step 4: Select a bank account for account aggregator consent.
Step 5: Compare offers and apply for the best-suited loan.
Explore Our Business Loan Lenders
View All PartnersAvail Andhra Bank For
All Your Needs
Unsecured Business Loans: Lenders Notice More Than Just Your Credit Score
Secured vs. Unsecured Business Loans: Which One Should You Choose?
How to Choose the Right Business Loan
MSME – Its Meaning, Classification, Loan Schemes, Role and Importance in India
Ways To Raise Capital For Your Startup Business
6 Reasons for Your Business Loan Application Getting Rejected
Business Loan or Overdraft – Which is Better?
Types of Business Loans in India
5 Best Business Loan Schemes for Women Entrepreneurs
6 Business Ideas to Make Money Fast
Business loan complex hotta h
Hassle-free Business Loan
Business loan liya tha, interest acha mila
Uncle ne bataya tha Paisabazaar ke baare mai
Boutique ke liye small loan liya tha
Loan approval ke chances dikhate h
Advisors bohot ache the
Trusting platform
Chote business ke liye bhi loan mila
Quick and easy steps
Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
*Applicable for selected customers
Check Best Business Loan Offers
with Quick Disbursal
