Andromeda Loans Franchise

* Breakdown as published by Andromeda Loans.

Ways to Partner with Andromeda Loans

1 partner model published by the brand. Figures it doesn't publish are left blank.

How Andromeda Loans says an outlet's numbers work. These are illustrations, not guarantees — check them against existing franchisees before you sign.

What the press, courts and real franchisees or customers have said about Andromeda Loans — summarised by us, with every source linked.

• Franchisee view★ 2.8/5 · 32 ratings

  Connectors complain of unpaid payouts

  Andromeda is rated 2.8/5 from 32 complaints on ConsumerComplaints.in; recurring themes are DSA/connector payouts not received for disbursed loans (latest Jul 2025), unfulfilled refund promises and unresponsive staff. These are unverified posts.

  Source: ConsumerComplaints.in
• employee_opinion★ 3.2/5 · 400 ratings

  Employee rating on AmbitionBox

  Andromeda Sales and Distribution is rated 3.2/5 by about 400 employee reviewers on AmbitionBox.

  Source: AmbitionBox
• Legal / regulatory· 2026-07-20

  Agent's commission suit dismissed

  A Bengaluru small-causes court dismissed with costs, in Jul 2026, an agent's ₹1.8 L suit claiming a 1.5% payout from Andromeda: he had no written agreement or payout letter, so the claim was not proved.

  Source: Indian Kanoon (Court of Small Causes, Bengaluru)
• In the news· 2025-04-24

  ₹1.08 L Cr disbursed in FY25, ₹1.20 L Cr target

  Andromeda told PTI that loans disbursed through it rose 25% to ₹1.08 L Cr in FY25, led by home loans, with 470 branches and 25,000+ distributors.

  Source: Outlook Business (PTI)

Key Terms at Andromeda Loans

The clauses that shape day-to-day running and your exit — read these before the fee.

Payments to the brand

Partners are paid a commission per disbursed loan; Andromeda says payouts, commissions and incentives vary with lender policy, loan type, amount and individual performance. No payout schedule is published.

Legal & Contract Summary

Key contract terms at a glance — read before you sign.

Who Can Apply for Andromeda Loans

Conditions the brand sets for partners, and the licences the business needs.

• Citizenship: Indian citizenRequired
• Age: Over 18Required
• Client base: A significant existing clientele (e.g. tax advisers, chartered accountants)Required
• Documents: PAN/Aadhaar/Voter ID, address proof, Form 16 or ITR, last 3 months' bank statementsRequired
• Qualification: None requiredPreferred

About the Brand

Cities with Outlets

The franchisor's own company health — separate from what a single franchise outlet earns.

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Health Check

What Andromeda Loans's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.

Status with the registrar

Active

Annual filings

Up to date

Last AGM

30 Sep 2025

Late payments to small suppliers

10

Paid-up capital

₹66.38 Cr

Brand trademark

Registered: 'Andromeda' in Class 38 (no. 5923362, filed May 2023) in the company's name; we did not find an 'Andromeda' mark in its name for financial services (Class 36), and the word is registered by unrelated owners in other classes

Source: MCA data via Tracxn; Indian Kanoon (checked Oct 2026)

How Andromeda Loans looks once the numbers are checked side by side.

• •Investment below the Business Services medianMidpoint ₹0 L vs a category median of ₹9.3 L across brands on FranchiseChuno.
• ✓The franchisor company is profitableIts latest filed accounts show a net profit. That's the franchisor's money, not yours: a profitable franchisor doesn't mean its franchisees make money. Check real outlet numbers before you invest.
• ✓Brand operating for 35 yearsFounded in 1991. The brand doesn't state when franchising began.
• !Outlet claim is well above its store locatorAndromeda Loans claims 500 outlets, but its own store locator lists 15 (4 Oct 2026 (15 branch addresses listed on its contact page, 11 cities)). Ask for a current list of operating outlets.
• !2 red flags in the news or public discussionSee Reputation & News below, and ask the brand to address each one.

Ask Before You Sign

Questions tailored to what Andromeda Loans does and doesn't publish.

1. 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
2. 2Ask for every upfront payment in writing — deposit, onboarding, equipment or stock — and which parts are refundable.
3. 3Ask exactly how your margin or commission is calculated, when it's paid, and whether the brand can change it.
4. 4Ask for the agreement term, renewal fee and exit or transfer terms.
5. 5Ask whether you get an exclusive territory, and how large it is.
6. 6Ask the brand to respond to each red flag listed under Reputation & News.
7. 7Have a lawyer review the franchise agreement before paying anything.
8. 8Visit 2–3 existing outlets and speak to their owners without the brand present.

What Andromeda Loans franchisees say

We haven't yet heard from enough Andromeda Loans franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.

Frequently Asked Questions