The customers of Andhra Bank will now get to enjoy the home loan, car loan and gold loan on the cheaper rates. The Andhra Bank has reduced its rates on home, car loan and loan against gold ornaments.

It has been informed that home loans for up to Rs 10 lakh have been reduced by 1%, earlier the rate was 11.25% and now it has been reduced to 10.25%. For the loan above Rs 30lakh the rate is 10.50%. The new rates are effective from 11th December, 2014.

On the other hand the car loans are reduced to 10.75% and loan against the gold ornaments are reduced 3.50% from 16.50% to 13%.