Andhra Pragathi Grameena Bank Gold Loan

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About Andhra Pragathi Grameena Bank Gold Loan

Andhra Pragathi Grameena Bank Gold Loan

Andhra Pragathi Grameena Bank is a rural bank in the state of Andhra Pradesh. According to, the Regional Rural Banks Act of 1976, It was founded in 2006 as a Scheduled Commercial Bank. In order to provide people with loan services in rural areas like Rayalaseema and Coastal Andhra regions.

Gold Loan is a secured service in which you can use ornaments of gold in order to avail a loan. In this, The bank keeps your gold as security in the bank in return of cash. Therefore, if you are facing any financial problem you can avail a Gold Loan.

Andhra Pragathi Grameena Bank Gold Loan Interest Rate

The interest rate of Gold Loan is the lower in comparison to other services like Home Loan and Personal Loan. It starts at 10.75% per annum.

Andhra Pragathi Grameena Bank Gold Loan Eligibility

  1. The gold should be in the name of the applicant or family member.
  2. The applicant should be a resident of India.
  3. The age of applicant shall be between 18-70 years.

Documents Required for Andhra Pragathi Grameena Bank Gold Loan

  • Proof of Adress of Applicant: The applicant has to particularly choose from: Aadhar Card /Pan Card/Valid Driving License/ Ration Card/ Utility Bills on the name of applicant/ Rental Agreement of applicant/ Voter ID card.
  • Proof of Identity: The document for proof of identity should be specifically from one of the following: Aadhar Card/ Pan Card/ Driving License/ Voter ID Card
  • Signature Proof: The documents considered for proof of signature are namely, Bank’s Verification document/ Valid Passport.
  • 2 passport-sized colored photographs.
  • Land Proof: The applicant has to give a proof of land, in order to take a gold loan on the agricultural land.

Andhra Pragathi Grameena Bank Gold Loan Per Gram

The loan amount depends upon the weight and the purity of the gold ornaments.

Minimum Weight Required for Gold Loan= 10 Grams

For 10 Grams of 18 Carat Gold

For 10 Grams of 19 Carat Gold

  • Gold Loan amount= 17,000.
  • Gold Loan Per Gram= 1,700.

For 10 Grams of 20 Carat Gold

For 10 Grams of 21 Carat Gold

  • Gold Loan amount= 18,000.
  • Gold Loan Per Gram= 1,800.

For 10 Grams of 22 Carat Gold

  • Gold Loan amount= 18,500.
  • Gold Loan Per Gram= 1,850.

Note: Gold of 24 Carat purity is not approved for Gold Loan.

Why Choose Andhra Pragathi Grameena Bank Gold Loan?

  1. Minimum Documentation
  2. Credit Score does not matter in this service.
  3. Furthermore, Negligible cost of processing a loan.
  4. Also, a flexible period of the loan is offered.
  5. Moreover, the safety of ornaments is the responsibility of the bank.
  6. Last but not least, the system of this service is very transparent.

How to Apply for Andhra Pragathi Grameena Bank Gold Loan?

You can easily apply for a Gold Loan through our website. Just follow the steps and avail the best service for yourself:

  • We will call you back and provide you with the best interest rates to avail a Gold Loan.
  • For more information you can call on 9592046860.

* For any assistance regarding Gold Loan, call us on 95920-46860 or 60011600, our trained Relationship Managers will provide you best information.

FAQs About Andhra Pragathi Grameena Bank Gold Loan

Q. How much Gold Loan can I get per gram in Andhra Pragathi Grameena Bank?

The rate of the gold loan that you get per gram depends upon the gold that is pledged by you and the prevailing price of gold in the market. Banks usually accept gold above or of 18 carats.

Q. What is Andhra Pragathi Grameena Bank Gold Loan?

Gold Loan is preferred as these are offered at lower interest rates and are quickly disbursed whereas other loan forms take time. Andhra Pragathi Grameena Bank provides these loans at competitive interest rates and can be used for various purposes. The bank also provides a prepayment facility with no additional charges.

Q. What is the Gold Loan interest rate in Andhra Pragathi Grameena Bank?

The rate of interest charged by the bank on Gold Loan depends upon the amount of the loan and in this case also on the purpose of the loan. The rate of interest charged varies from 10% to 13%.

Q. How to pay Andhra Pragathi Grameena Bank Gold Loan online?

The Andhra Pragathi Grameena Bank provides you with various convenient methods to pay the amount for your gold loan. You can contact the loan officer in the branch for detailed information.

Q. How to apply Gold Loan in Andhra Pragathi Grameena Bank?

Applying for the Loan against Gold service by Andhra Pragathi Grameena Bank is a simple and easy process as you can do it by visiting the bank’s nearest branch or by filling a form online and waiting for the banks representative to contact you and inform you regarding the loan. You can also apply through Dialabank’s digital platform to avail the best deals.

Q. How to renew Andhra Pragathi Grameena Bank Gold Loan online?

You will need to visit your loan branch in person in order to renew your Andhra Pragathi Grameena Bank Gold Loan. The gold will be revalued and a renewal fee may be charged.

Q. How to take Gold Loan from Andhra Pragathi Grameena Bank?

Taking the gold loan from Andhra Pragathi Grameena Bank is a hassle-free process and requires minimal documentation. The bank charges a competitive rate of interests based on the amount of the loan and also provides the option of flexible tenure. You can apply at Dialabank.com for more offers.

Q. What is Gold Loan in Andhra Pragathi Grameena Bank?

Andhra Pragathi Grameena Bank provides various schemes for Loan against Gold service based upon the purpose of the loan. The bank charges a different rate of interests depending upon the scheme and amount of the loan. Each scheme has a different tenure and a different repayment schedule. For more information visit the nearest branch.

Q. How to get Andhra Pragathi Grameena Bank Gold Loan?

You can easily get an Andhra Pragathi Grameena Bank Gold Loan by visiting the bank branch and applying for the same. Once your gold has been valued and your documents have been verified, the loan amount is disbursed within hours.

Q. How to check Andhra Pragathi Grameena Bank Gold Loan status?

For checking the status of your loan application, visit the nearest branch and contact the loan officer in charge of your file.

Q. How to close Andhra Pragathi Grameena Bank Gold Loan?

Closure of Gold Loan is done when the bank after realisation of the total due amount against the gold has released the gold ornaments along with issuing a No Dues Certificate.

Q. How to renew Andhra Pragathi Grameena Bank Gold Loan?

Renewal of the Andhra Pragathi Grameena Bank Gold Loan is an easy process, it can be done by visiting the branch where the previously pledged gold is revalued. You may be asked to write a request letter and a renewal fee may also be charged.

Q. What happens if someone defaults Andhra Pragathi Grameena Bank Gold Loan?

If someone defaults the Gold Loan repayment the bank has the right to auction the gold to recover the amount. The bank also charges some penalty fee if the defaults are continued.

Q. How many branches of Andhra Pragathi Grameena Bank Gold Loan?

Andhra Pragathi Grameena Bank in Andhra Pradesh along with the location of its around 560 branches in the state.

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