Interest Rate Loans
Base Rate @ 10.75% p.a.
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

http://andhrabank.in/english/InterestLoans.aspx

BMPLR @ 15.00% p.a.
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.

The Bank
Brief history
"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.

Address:
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.