| Banks/NBFCs | Interest Rates(p.a.) |
|---|---|
| HDFC Bank | 10.85% onwards |
| Axis Bank | 11.25% onwards |
| Kotak Mahindra Bank | 10.99% onwards |
| ICICI Bank | 10.85% onwards |
Andhra Bank Personal Loan EMI Calculator

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What is Andhra Bank Personal Loan EMI Calculator?
To help you decide on your decision on getting a personal loan from Andhra Bank, Paisabazaar has a Personal loan EMI calculator. In the calculator, you have to enter your loan amount, the tenure over which you would be paying the loan and the interest rate. Once you hit calculate, your monthly EMI is displayed along with the interest rate. There is also an option to display a chart of all the EMIs along with the interest payment and principal amount. This way, you will be able to avail a loan as per your repayment ability and will have stress- free EMIs in future.
For example, if a loan of Rs.1 lakh is to be taken out at 1.25% interest rate and it is to be repaid over a period of 12 months. The EMI payments along with the interest will look as follows:
| Months | EMI amount | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 8390 | 8286 | 105 | 91714 |
| 2 | 8390 | 8295 | 96 | 83419 |
| 3 | 8390 | 8303 | 87 | 75117 |
| 4 | 8390 | 8312 | 79 | 66805 |
| 5 | 8390 | 8321 | 70 | 58485 |
| 6 | 8390 | 8329 | 61 | 50156 |
| 7 | 8390 | 8338 | 53 | 41818 |
| 8 | 8390 | 8347 | 44 | 33472 |
| 9 | 8390 | 8355 | 35 | 25117 |
| 10 | 8390 | 8364 | 27 | 16753 |
| 11 | 8390 | 8373 | 18 | 8381 |
| 12 | 8390 | 8381 | 9 | 0 |
Features of Andhra Bank Personal Loan
Eligibility Criteria to Avail Andhra Bank Personal Loan
Andhra bank has set the eligibility criteria low to make the loan quiet accessible for all sections of people. The basic eligibility criteria are:
| Age | Minimum age should be 21 years; and maximum age must be 65 years |
| Nationality | Indian |
| Employment type | Salaried or Self-employed |
| Employment status | Employed total years: 2; Employed in the current organization: 1 year |
| Minimum income per month | Rs. 4000 – Rs. 20,000 |
| Tenure | Minimum – 6 months; Maximum: 60 months |
| Credit Score | 750 |
If you have any queries regarding your personal loan application, there are ways you can choose to contact a bank customer care support. You can call their toll-free number or write an email to them. Apart from this, you can also write a letter to the bank.
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Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001
Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*








