1) The document discusses interest rates on various loans provided by Andhra Pradesh Grameena Vikas Bank, such as housing loans, personal loans, education loans, car loans, agriculture loans, and more.
2) Interest rates are revised for different loan segments, with most rates decreasing slightly.
3) Rates on loans like crop loans (up to Rs. 3 lacs), education loans (up to Rs. 2 lacs), and loans covered under CGTMSE (up to Rs. 1 lakh) see the largest decreases in interest.
1) The document discusses interest rates on various loans provided by Andhra Pradesh Grameena Vikas Bank, such as housing loans, personal loans, education loans, car loans, agriculture loans, and more.
2) Interest rates are revised for different loan segments, with most rates decreasing slightly.
3) Rates on loans like crop loans (up to Rs. 3 lacs), education loans (up to Rs. 2 lacs), and loans covered under CGTMSE (up to Rs. 1 lakh) see the largest decreases in interest.
1) The document discusses interest rates on various loans provided by Andhra Pradesh Grameena Vikas Bank, such as housing loans, personal loans, education loans, car loans, agriculture loans, and more.
2) Interest rates are revised for different loan segments, with most rates decreasing slightly.
3) Rates on loans like crop loans (up to Rs. 3 lacs), education loans (up to Rs. 2 lacs), and loans covered under CGTMSE (up to Rs. 1 lakh) see the largest decreases in interest.
All categories of farmers - Small/Marginal (SF/MF) and others including Tenant
Eligibility farmers and Share Croppers who actually cultivate the lands
As per Scales of finance stipulated by the District Level Technical Committee,
Loan amount depending on the crop.
ROI See Interest on loans and advances
Processing fee See Service charges
Security: a) Upto Rs 50,000 Hypothecation of crops b) Above Rs. 50,000 and upto Rs. 1,00,000 i. Hypothecation of crops ii. Mortgage of lands or Third party guarantee c) Above Rs.1,00,000 i. Hypothecation of crops ii. Mortgage of lands d) For tobacco, Sugarcane and other crops under ti-up arrangement with boards/ i. Hypothecation of crops factories/ companies ii. a. Hypothecation of crops i. Upto Rs. 1 Lac b. Mortgage of lands ii. Above one lac
a) Land records to ascertain cultivation rights.
Papers / Documents required b) Acreage under different crops c) Sources of other borrowings e.g. Co-operative Societies and Banks.
LOANS & ADVANCES
Interest Rates on Loans & Advances
ANDHRA PRADESH GRAMEENA VIKAS BANK
HEAD OFFICE: :WARANGAL
REVISION OF INTEREST RATES ON ADVANCES
Segment Existing Revised
Rate rate
Bullet Payment 13.85% 13.85%
PGL
Over Draft (VikasSwarna) 14.25% 14.25%
Term Loan (Vikas Jewel) 13.75% 13.75%
Women 10.10% 9.80%
Housing Loans
Men 10.10% 9.85%
For Repairs and Upgradation (Maximum Rs 5 Lacs) 14.00% 12.00%
General Purpose Asset Backed Term Loans 14.00% 14.00%
Mortgage Loans
Overdraft Facility 14.25% 14.25%
Personal Loans to Employees With Check–off facility. 17.00% 14.50%
Without Check off facility. 17.00% 16.00%
Education Loans UptoRs 2 Lacs 12.00% 12.00%
Rs 2 Lacs to Rs 8 Lacs 13.00% 13.00%
Above Rs 8 lacs 14.00% 14.00%
Car Loans To Public 12.50% 12.00%
Cash Credit / Over Draft FacilityUptoRs 5 Lacs. 15.00% 13.50%