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Andhra bank provides home loans. Many banks provide home loans at this time. Various home loan schemes are announced by different bank to cope with the competition. Though many banks announce different schemes and have low interest rates, applicant should be careful while selecting the bank for loan. The applicant should check the reputation of the bank, its history and its revenue. The applicant can even consult a loan payer in the respective bank to get the clear cut idea of the procedure and other process of loan sanctioning. Though it seems that there are lots of banks for getting loan, the loan applying procedure is still the same.

The applicant has to submit two types of documents. One is personal document and another one is financial document. The personal documents are identity proof, address proof and age proof. The applicant can submit Passport, Photo PAN Card, Photo ration card, Voter's identity card, Driving license, Defense identity card and Government identity card for identification purpose. Following documents are submitted for address proof. The documents are Passport, Ration card, Society outgoing bill, Telephone (land/mobile) bill, Electricity bill, Driving license, Voter's identity card and Life Insurance Policy. The documents which can be submitted for age proof are Passport, Birth certificate, valid driving license, Voter's identity card, School leaving certificate, LIC Policy or Premium receipt clearly indicating the applicant's age and Letter from the employer stating the age of the employee. Another important point is that passport only can be used for both personal identities as well for address proof. These are the personal documents to be submitted for loan. The important financial documents are salary slip for employees and salary certificate for self-employed applicants. Every bank requires these documents are sanctioning the loan.

The interest rate for the Andhra bank is 12%. There are certain eligibility criteria for getting the loan. The age of the loan applicant should be within 21 to 65 years. There is no guarantee and co-obligation. The different types of home loans available in Andhra bank are Housing Loans for Agriculturists, Business & Self-employed persons and Housing Loans to Non-Resident Indians (NRIs). Andhra bank charges service charges for various certificates. Compared to other bank, Andhra bank charges only fewer amounts. For Issue of Balance certificate, it chargesRs.100/- per certificate and for Issue of Interest Certificate, there is no charges.