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www.andhrabank.in : Andhra Bank Interest Rate Loan
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www.andhrabank.in : Andhra Bank Interest Rate Loan
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[QUOTE=MariPriya;177393][B]Interest Rate Loans [/B] [B]Base Rate @ 10.75% p.a.[/B] Andhra Bank's Base Rate has been increased by 50 basis points i.e. from 10.25 % p.a. to 10.75% p.a. w.e.f. 01.08.2011. The revised rate is applicable to all the loans and advances that are sanctioned/ renewed on or after 01.07.2010 which are linked to Base Rate. This revision is also applicable to all borrowal accounts who switched over from BMPLR to Base Rate system [url]http://andhrabank.in/english/InterestLoans.aspx[/url] [B]BMPLR @ 15.00% p.a.[/B] Andhra Bank's BMPLR (Bench Mark Prime Lending Rate) has been increased by 50 basis points from 14.50 % to 15.00 % p.a. with effect from 01.08.2011. The revised BMPLR is applicable to all loans and advances availed on or before 30.06.2010 and are linked to BMPLR. [B]The Bank Brief history[/B] "Andhra Bank" was founded by the eminent freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs. [B]Address[/B]: Sri B S Rama Rao, General Manager Nodal Officer for Customer Service, Customer Services Department Andhra Bank Dr. Pattabhi Bhavan 5-9-11, Saifabad Hyderabad-500 004. A.P.[/QUOTE]
