Total EMI


Total Interest


Total Payments


Break-up of Loan Amount
Created with Highcharts 4.2.2 50,00,000 69,80,559 Total Interest Principal Loan Amount
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About Andhra Bank

Dr Bhogaraju Pattabhi Sitaramayya, an eminent personality established Andhra Bank on November 20th,1923. Starting with an authorised capital of 10 Lakhs, the bank has grown considerably over the years. Andhra Bank was nationalised on April 15th,1980. Andhra Bank has a prominent presence in the states of Andhra Pradesh and Telangana. As it is a South India-based bank, the Central Government has merged it with Union Bank of India. With Oriental Bank of Commerce joining the merger, the combined entity will become one of the largest banks in India.

Andhra Bank offers an exciting range of deposit and loan products, of which the personal loan is a popular one. The bank provides personal loans with and without collateral. Salaried employees and pensioners can avail personal loans for catering to all kinds of individual requirements except for speculative purposes.

The Bank has been Merged with the Union Bank of India w.e.f. 1st April 2020.

Andhra Bank Personal Loan - Features and Benefits

Andhra Bank Personal Loans come with various attractive features.

  • Loans available with as well as without collateral
  • Simplified application procedure with minimum documentation formalities
  • Attractive rates of interest to compete with the best in the industry
  • Salaried and non-salaried persons can apply for a personal loan to meet all domestic requirements
  • Loans available for higher amount against collateral like Government securities, fixed deposits, and property
  • No prepayment charges on clean loans
  • Relaxed eligibility norms
  • Transparent pricing and appraisal procedure
  • Excellent TAT
  • Flexible loan repayment schedules to suit the needs of the customers
  • Facility to calculate your personal loan EMI online ááá

Andhra Bank Personal Loan EMI Calculator

The average age of the customers is decreasing day by day. The younger generation is adept at using online banking and other technological features like the personal loan EMI calculators.

Using the personal loan EMI calculator is easy.

  • Access the online calculator tool on the official website of the bank.
  • Enter the number of instalments
  • Provide details of the loan amount and interest rate
  • Click on the Calculate option to get the EMI amount.

The Andhra Bank Personal Loan EMI calculator is different from other online calculators as it provides the following additional information.

  • Get the amortisation chart of the personal loan.
  • Calculate the EMI in the case of loans having multiple rates of interest.

Andhra Bank Personal Loan EMI Concept

Andhra Bank Personal Loans are repayable in a maximum of 60 instalments. The ideal mode of repayment of personal loans is the EMI. The EMI consists of two variable components, the principal repayment part and the interest repayment portion. The interest repayment component is the highest in the initial stages of the loan. The amount keeps reducing as you keep repaying your EMI. Accordingly, the principal repayment constituent keeps increasing.

Andhra Bank Personal Loan - Factors That Affect the EMI

The Andhra Bank Personal Loan EMI depends on the following factors.

  • The loan amount- the higher the principal loan amount, the more significant is the EMI.
  • The rate of interest - the more the rate of interest, the higher is the EMI
  • The loan tenure - the more extended the loan repayment tenure, lower is the EMI.

This example will explain things better.












36 months







48 months







60 months








  • As the loan amount increases from 1 Lakh to 5 Lakhs, the EMI keeps on growing proportionately.
  • The EMI amount increases as the rate go up from 13% to 15%.
  • The loan repayment tenure is indirectly proportional to the EMI.

Andhra Bank Personal Loans - In Brief

AB Personal Loans - Consumer Loans

  • Purpose - Financial assistance to purchase consumer durables like refrigerators, TVs, washing machine, and so on
  • Eligibility - Salaried persons and pensioners drawing pension from Andhra Bank are eligible for personal loans. Self-employed persons having repayment capacity
  • Rate of interest - 12.50% to 13.75%
  • Maximum loan - up to 75% of the cost of the article
  • Repayment - Maximum of 60 months

AM Personal Loans - Clean Loans

  • Purpose - Personal loans to meet the genuine requirement of the borrower
  • Eligibility - Salaried, non-salaried, pensioners, and LIC agents can apply for personal loans
  • Rate of interest - 11.10% to 12.60%
  • Maximum loan - Depending on the income and repaying capacity of the borrower
  • Repayment - Maximum of 60 months

Gold Loans for non-agricultural purposes

  • Purpose - Personal loan against gold ornaments
  • Eligibility - All individuals
  • Rate of interest - 10.10%
  • Maximum Loan - 75% of the market value of the gold ornaments
  • Repayment - One year

Property Term Loan/Overdraft

  • Purpose - Personal and business requirements
  • Eligibility - Salaried and self-employed individuals having a property in their names
  • Rate of interest - 10.15% to 10.65%
  • Maximum Loan - Up to 50% of the market value of the property
  • Repayment - Maximum of 15 years

Reverse Mortgage

  • Purpose - Supplement the income needs of the senior citizen by mortgage of property
  • Eligibility - Senior citizens with self-acquired or inherited property
  • Rate of interest - 9.95%
  • Maximum amount - Depends on the value of the property
  • Repayment - The loan tenure can be up to 15 years

Loans against rent receivables

  • Purpose - Meet personal and business requirements
  • Eligibility - Individuals owning property and letting it out to Government departments, PSUs, multinational companies, and so on
  • Rate of interest - 9.80% to 12.50%
  • Maximum Loan - 10 crores
  • Repayment tenure - Ten years or unexpired period of lease

Loan against NSC, KVP, LIC policies

  • Purpose - Personal requirements
  • Eligibility - Individuals having NSC, KVP and LIC policy in their names
  • Rate of interest - 13.05% to 13.30%
  • Maximum loan - 75% of the value of the security
  • Repayment - Maximum of 60 months

Benefits of Using Andhra Bank Personal Loan EMI Calculator

  • The process of calculating the EMI is swift and error-free.
  • Using the minimum amount of data, you can arrive at the EMI amount quickly.
  • The Personal Loan EMI calculator eliminates the chances of human error.
  • The Andhra Bank personal loan EMI calculator can calculate EMI of loans carrying multiple rates of interest.
  • The calculator also provides you with a loan amortisation chart.
  • Apart from use as a personal loan EMI calculator, this tool is useful for determining the EMI of other loans, as well.
  • The Andhra Bank Personal Loan EMI calculator helps to calculate the total interest repayable over the entire tenure of the loan.

Andhra Bank Personal Loan - Documents Requires

Applicants should provide the following documents when applying for an Andhra bank personal loan.

KYC Documents

  • Proof of identity documents - One document from the following should suffice.

(PAN Card, Passport, Driving Licence, Voter's ID card, or any other material that proves the identity of the applicant)

  • Proof of residential address - One record from the following should be enough.

(Passport, Driving Licence, Voter's ID, Aadhar card, ration card, or any document that proves the residential address)

  • Proof of employment of business - Employee ID card or any registration document to prove the existence of the business

Income Documents

  • Proof of Income - It depends on the occupation of the borrower.

Salaried employees should provide the following documents

  1. Payslip (the latest three months' payslip)
  2. Form 16 or IT Return

Pensioners should submit the copy of the latest PPO copy.

Self-employed persons need providing the following documents

  1. IT Assessment order
  2. Financial statements of the company

All applicants should also submit the statement of bank accounts.

  1. Salary accounts in the case of salaried employees
  2. A business account in the case of businesspersons
  3. Statement of other loan accounts to help the bank determine the credit behaviour of the borrower

Andhra Bank Personal Loan EMI Calculator - Frequently Asked Questions

Is the personal loan EMI calculator on the Andhra Bank website accurate?

Yes, the Andhra Bank Personal Loan EMI calculator is an accurate tool that can determine the EMI using various combinations and permutations. You can compare it with any other EMI calculator available on the website, such as the one present on the MyMoneyMantra webpage.

What is a loan amortisation chart?

The loan amortisation chart is a statement that shows the details of the EMI payable every month. It displays the break-up of the EMI into the principal and interest repayment components.

What are the prime ingredients that determine the calculation of the EMI?

The prime factors that determine the EMI are the loan amount, rate of interest, and loan repayment tenure. The loan amount and rate of interest are directly proportional to the EMI, whereas the repayment tenure varies inversely with the EMI.

How does the bank calculate the loan eligibility in the case of a personal loan?

The loan assessment depends on the type of loan. It also depends on whether the credit is available with or without collateral.

Here is an example of how the bank determines the maximum quantum of the loan in the case of a personal consumer loan.

The maximum quantum is the lower amount of the following:

  • Ten month's gross pay in the case of salaried class
  • In the case of a non-salaried class applicant, the maximum amount is 40% of the gross annual income
  • Pensions are eligible for a maximum loan amount of four months pension
  • 75% of the cost of the article that you wish to purchase

Is there any alternate way to determine the EMI amount?

The Andhra Bank Personal loan EMI calculator is the most comfortable mode of determining the EMI amount. Apart from the EMI calculator, the customer can calculate the EMI using other methods like the MS Excel calculator. The customer can also calculate the EMI using the manual calculation method.

What is the formula for calculating the EMI using MS Excel calculator?

Calculating the EMI using the MS Excel Calculator is easy. The formula is as follows. Choose any Excel cell and enter the following formula.

PMT = (rate,nper,pv)

Where PMT = EMI,

Rate denotes the interest rate, nper represents the loan repayment tenure, and pv is the principal loan amount.

How does the bank recover the loan amount in the case of a reverse mortgage loan?

The reverse mortgage loan repayment commences after 15 to 20 years after the sanction of the loan. The reverse mortgage loan becomes repayable at the end of the tenure or the demise of all the borrowers. The legal heirs get the first opportunity to repay the loan. If they express their inability to do so, the bank can proceed with selling the property and recovering its dues.

How does Andhra Bank calculate interest on the personal loan accounts?

Andhra Bank calculates interest on the reducing balance method on personal loan accounts.

The bank links the personal loan and other retail loan interest rates with the external benchmark rate. The bank refers to the repo rate announced by Reserve Bank of India.

Andhra Bank loads a spread on to the repo rate to arrive at the Repo Linked Lending Rate (RLLR). Further, the credit rating of the borrower determines the premium that the bank loads before offering it to the customer.

Can you use the Andhra bank personal loan EMI calculator to check out the loan eligibility?

No, it is impossible to determine the loan eligibility using the personal loan EMI calculator. The EMI calculator has specific responsibility for calculating the EMI amount. Customers should use a separate calculator to determine eligibility.

The loan eligibility depends on various factors:

  • The monthly income of the borrower
  • The loan obligations of the borrower on the date of applying for the personal loan
  • The net-take-home pay after considering the proposed EMI of the personal loan
  • The credit rating of the borrower

What security does Andhra Bank accept for a collateral-based personal loan?

Andhra Bank accepts the following collateral as security for the personal loan.

  • Government securities like NSC, KVP, and LIC policies
  • Property in the case of mortgage loan against property
  • Any other security like a co-obligation or a guarantor. áá