Andhra Pragathi Grameena Bank Personal Loan

Credit Vision Score -1 or 101-200 

11.75% 

11.25% 

CIBIL Credit Vision Score less than 750 and 750 to 800 

11.50% 

11.00% 

CIBIL Credit Vision Score less than 800 

11.25% 

10.75% 

Card rate 

11.75% 

11.25% 

Minimum age 

18 years 

18 years 

Maximum age 

Loanterminateswhen applicant or co-applicant reaches 70 years for pensioners.Loan terminates retirement for non-pensioners. 

Loanterminateswhen applicant or co-applicant reaches 70 years for pensioners.Advocates, doctors, Chartered Accountant, Engineers, etc., are eligible.Businessmenoragriculturistsare not eligible.Subject to eligibility, takeover of the applicant’s personal loans from other banks or FIs, with or without enhancement is allowed. 

Net salary 

Minimum of Rs.25,000 per month or above 

Nil 

Salaried 

Pay slipof last three monthsLast two years’ ITR (Income Tax Return)Salary CertificateStatement of Salary AccountAppointment orderTransfer orderEmployee ID 

Non-Salaried 

Last two years’ ITR (Income Tax Return) 

Assessment of Loan Quantum 

Take home salary should be more than or equal to 30% of Gross monthly salary. 

Net annual income should be more than or equal to 30% of Gross Annual Income. 

Loan Amount 

Minimum: Rs.1 lakhMaximum: Rs.25 lakh 

Minimum: Rs.1 lakhMaximum: Rs.50 lakh 

Guarantee (Salaried or Non-salaried) 

Individuals whose net worth (three times of the guarantor's annual income) is equal to the sanctioned loan amount. 

Maximum up to 10 years 

0.50% of the loan amount plus GST (Goods and Services tax) 

2% over and above the existing interest rate 

Loan tenure up to 3 years: NilLoan tenure more than 3 years: 1% on outstanding loan amount as on the end of the month (when the loan is closed) 

EMI (starting from next month of loan disbursement)NACH (mandatory for salaried individual) 

Nil 

It is mandatory for applicants above 55 years of age.