Small Business Loans: Biz2Credit.in » micro businesses http://blog.biz2credit.in Small business advice for financing, marketing and growing a company Tue, 07 Feb 2012 08:59:27 +0000 en hourly 1 http://wordpress.org/?v=3.3 Andhra Bank reduces rates and increases working capital loans http://blog.biz2credit.in/2009/01/20/andhra-bank-reduces-rates-and-increases-working-capital-loans/ http://blog.biz2credit.in/2009/01/20/andhra-bank-reduces-rates-and-increases-working-capital-loans/#comments Tue, 20 Jan 2009 05:23:22 +0000 Biz2Credit Advisor http://www.biz2credit.in/blog/?p=411 Andhra Bank has reduced interest rates to micro businesses by 100 basis points and for small businesses by 50 basis points. The policy change will immediately apply to both existing and new loans.

The bank has also announced that they will grant need-based ad hoc working capital demand loans up to 20 percent of the existing fund-based limits for units with overall fund-based credit facility up to Rs 10 crore.

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