Andhra Pradesh Grameena Vikas Bank offers services in ✍ Personal loan ✓ Home Loan ✓ Car loan ✓ Corp Loan ✓ Laghu vikas loan ✓ Credit card.
Loans & Advances offered by APGVB:
✓ House Building Loans to Public
✓ General Purpose Credit Card
✓ Agriculture Cash Credits (Crop loans)
✓ Loans for Education -Vidya Vikas
✓ Poultry Vikas - Broiler Contract Farming
✓ Rural Housing -Grameena Gruha Vikas
✓ Personal Loans: Mortgage of immovable property
✓ SHG Federations
✓ Financing of Matured SHGs for farm production
✓ Pensioner Vikas - Loans to Pensioners
✓ Palamitra Dairy Vikas Scheme
✓ Laghu Vikas Swarojgar Credit Card
✓ Mortgage loans for Trade, Industry and Service Sector (SME)
✓ Rythu Vikas Chakra - Farm Mechanisation-Tractor loans for farmers
Personal Loans: Mortgage of immovable property Information
a) Minimum net monthly income of Rs. 6.000/- for salaried people b) Minimum net annual income of Rs.75, 000/-in case of others. ✓ IT return is not mandatory for the income up toRs.1,00,000/- ✓ Employees/ Professionals/ Self-employed/ Agriculturists including those engaged in allied activities and other individuals in the age group of 21 to 55 years ✓ Minimum of Rs. 50000/- and maximum Rs 1.00 Crore subject to 24 NMIs or 2 NAIs or 50% of the market value of collateral security offered whichever is lower. ✓ Processing fee - Nil ✓ Repayment - Upto 5 Years or 60 monthsHouse Building Loans to Public Information
✓ Loans up to 8 lakhs 15 % ✓ Loans above 8 lakhs 25 % ✓ Repairs or renovation of existing house 20 % ✓ Repairs /renovation 2 lakhs. ✓ Repayment - Upto 15 YearsLoans for Education -Vidya Vikas Information
✓ Financial assistance to deserving /meritorious students pursuing higher education in India and abroad ✓ All courses having employment prospects are eligible.1.Graduation/Post Graduation/Professional Courses.2 Other courses approved by UGC/Government/AICTE etc. ✓ Minimum 75% marks should have been secured in qualifying exam, Management quota student not eligible. ✓ 0.5% interest concession to girl students ✓ a) Agreement for Term Loan for Vidya Vikas b) Guarantee agreement wherever applicable c) Arrangement letterRural Housing -Grameena Gruha Vikas information
✓ All villages excluding agency areas where 1/70 act is in vogue and semi urban areas with population less than 50000 as per 2001 census. Branches located in Municipal limits are excluded. ✓ All farmers, entrepreneurs, artisans, business people, employees etc (in the age group of 18 to 50 years)., and members of SHGs having standard borrowal accounts. ✓ Processing fee - Nil ✓ Repayment - upto 15 years ✓ Documents - Prescribed as per Housing loans to public. Memorandum of term loan agreement, Guarantee agreement and arrangement letter.Interest Rates on Loans & Advances
|
Si No |
Segment | Interest Rates | ||
|
1 |
Crop Loans including Agr. Gold Loans, KCC, RMGs | |||
|
A |
Crop Loans (Disbursed during the subvention period) | a). Up to Rs 3.00 lacs |
7.00% |
|
| b). Above Rs 3.00 Lacs |
14.00% |
|||
|
B |
After Subvention period(After due date) |
14.00% |
||
|
2 |
Agricultural Term Loans | a) Up to Rs 50,000/- |
13.00% |
|
| b) Above Rs 50,000/- |
14.00% |
|||
|
3 |
Allied Agri. Term Loans | a) Up to Rs 50,000/- |
13.00% |
|
| b) Above Rs.50,000/- |
14.00% |
|||
|
4 |
ISB-Cash Credits, Term Loans and composite Term Loans including Transport Operators | a) Up to Rs. 2,00,000/- |
14.00% |
|
| b) Above Rs 2,00,000/- |
15.00% |
|||
|
5 |
Self Help Groups | a) Direct to Groups |
14.00% |
|
| b) Through MACS/VOs |
15.00% |
|||
|
6 |
Gold Loans- Personal Purpose |
15.00% |
||
|
7 |
Consumer Durable Loans and Personal Loans |
17.00% |
||
|
8 |
Mortgage Loans |
15.50% |
||
|
9 |
Housing Loans up to Rs.20 Lacs |
11.25% |
||
| Housing Loans above Rs.20 Lacs |
12.00% |
|||
| For repairs and Up gradation (Max Rs 2 Lacs) |
14.00% |
|||
|
10 |
Education Loans | a) Up to Rs 2,00,000/- |
12.00% |
|
| b) Above Rs 2,00,000/- to Rs 4,00,000/- |
13.00% |
|||
| c) Above Rs 4,00,000/- |
14.00% |
|||
|
11 |
Demand Loans ( Loans against NSC/KVP/LIC Policies etc) |
15.00% |
||
|
12 |
Vehicle Loans | Irrespective of Old or New Vehicles |
15.00% |
|
|
13 |
Small and Medium Enterprises (SME) Loans | a) Up to Rs 10,00,000/- |
14.00% |
|
| b) Above Rs 10,00,000/- |
15.00% |
|||
|
14 |
Clean Overdraft |
18.50% |
||
|
15 |
General Purpose Credit Cards (G.C.C) | Maximum limit of Rs 25000/- |
14.00% |
|
|
16 |
Swarnajayanti Grama Swarojgar Yojana (SGSY) | For any limit |
14.00% |
|
|
17 |
Solar off Grid Units |
11.00% |
||
|
18 |
SB-cum-OD | For Over draft balance For Credit Balances |
14.00% 4.00% |
|