Andhra Pradesh Grameena Vikas Bank Loans

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 months

House 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 Years

Loans 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 letter

Rural 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

APGVK branches in the following regions

Warangal
VIZIANAGARAM
Vishakapatnam
NALGONDA
MAHABUBNAGAR
KHAMMAM
SANGAREDDY
SRIKAKULAM
Ashok Nagar
Bhadrachalam
SCALE-4 Branches