Andhra Pragathi Grameena Bank Gold Loan

Andhra Pragathi Grameena Bank Key Features – Apply Now

Andhra Pragathi Grameena Bank Collateral	Gold ornaments
Andhra Pragathi Grameena Bank Gold Loan per gram	₹ 3,506 to ₹ 4,621 depending on the purity of gold
Andhra Pragathi Grameena Bank Age of Borrower	18 – 75 years
Andhra Pragathi Grameena Bank Maximum Loan Amount	Up to 20 lakh
Andhra Pragathi Grameena Bank Maximum Loan to Gold Value Ratio	Up to 75%
Andhra Pragathi Grameena Bank purity of Eligible gold	18 carat to 22-carat gold
Andhra Pragathi Grameena Bank Maximum Loan Tenure	Up to 36 months

Advantages of Andhra Pragathi Grameena Bank Gold Loan

Fewer Documents: Document requirements for availing an Andhra Pragathi Grameena Bank Gold Loan Bank are quite less. The applicants are not asked to provide lengthy proofs in order to avail the financial service.

Easily Accessible: Another feature is, Availability of Andhra Pragathi Grameena gold loan service is great. People can easily avail gold loan at their closest branches.

CIBIL Score: In addition to this, Credit Score does not matter in this service, that is, the applicant does not have to worry about low credit repayment history. In fact, if anybody is having a bad repayment history, they can improve the same by taking an Andhra Pragathi Grameena Bank Gold Loan.

Foreclosure: The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan per gram Foreclosure.

How Much Loan Can I Get Through Andhra Pragathi Grameena Bank?

About 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 for cash. Therefore, if you are facing any financial problems you can avail of a Gold Loan.

Andhra Pragathi Grameena Bank Gold Loan Eligibility

Age	18-75 years
Requirements	Gold ornaments (18-22 carats)
CIBIL score	Above 500
Nationality	Indian

Andhra Pragathi Grameena Bank Gold Loan Documentation

Identity Proof	Aadhar Card/Pan Card/ Passport/ Voter ID (Any one)
Residence Proof	Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card (Any one)
Agriculture Proof ( if applicable)	Agriculture Land Ownership Proof
Photographs	2 Passport sized coloured

Andhra Pragathi Grameena Bank Gold Loan Interest Rates, Fees and Charges

Gold Loan Rate	7% per annum
Processing Fee	0.85% of the loan amount + GST
Loan to Gold value	Up to 75%
Pre-payment Charges	0- 2%

Types of Andhra Pragathi Grameena Bank Gold Loan 

• The agricultural loan provided to farmers for agricultural purposes at a special rate of interest.
• Non- agricultural purpose loan against gold provided to individuals for all kinds of purposes except agricultural purpose. The rate of interest is slightly higher.

Andhra Pragathi Grameena Bank Gold Loan Apply Online

• Visit Dialabank
• Fill the Gold Loan form
• Wait for our relationship manager to contact you with the best offers.

Andhra Pragathi Grameena Bank Gold Loan EMI Calculator

Rate of Interest	6 months	1 Yr	2 Yrs	3 Yrs
7.00%	17008	8652	4477	3088
8.00%	17058	8699	4523	3134
8.50%	17082	8722	4546	3157
9.00%	17107	8745	4568	3180
9.50%	17131	8678	4591	3203
10.00%	17156	8791	4614	3227
10.50%	17181	8815	4637	3250
11.00%	17205	8838	4661	3274
11.50%	17230	8861	4684	3298
12.00%	17254	8885	4707	3321
12.50%	17279	8908	4731	3345
13.00%	17304	8932	4754	3369
13.50%	17329	8955	4778	3393
14.00%	17354	8979	4801	3418
14.50%	17378	9002	4825	3442
15.00%	17403	9026	4845	3466

How to Pay Your Andhra Pragathi Grameena Bank Gold Loan EMI?

Your Andhra Pragathi Grameena Bank gold loan can be repaid in the following ways:

1. Standing Instruction (SI): If you are a current record holder with the Andhra Pragathi Grameena Bank, Standing Instruction is the best method of repayment.
2. Electronic Clearing Service (ECS): This can be utilized if you have a non-Ujivan Small Finance Bank account and might want your EMIs to be charged consequently.

Andhra Pragathi Grameena Bank Gold Loan Contact Number

For any assistance in case of a gold loan from Andhra Pragathi Grameena Bank required you may contact on the number 9878981144.

Gold Ornaments Accepted by Andhra Pragathi Grameena Bank

Gold jewellery in any form like Gold Bangles, rings, anklets, and Gold necklaces, are accepted for availing an Andhra Pragathi Grameena Gold Loan provided they are between 18-24 carats.

Uses of Andhra Pragathi Grameena Bank Gold Loan

The loan amount acquired by availing the Andhra Pragathi Grameena Bank Gold Loan service can be used for several purposes such as:

• To finance personal expenses like a wedding, travel, medical bills, etc.
• For all your business financial requirements, such as buying raw material, inventory, etc.

Andhra Pragathi Grameena Bank Agricultural Jewel Loan Scheme

Scheme	Andhra Pragathi Grameena Bank Agricultural Jewel Loan Scheme
Interest Rate	Starting from 7% per annum (depends on the sum of the loan
Least amount of Loan	Depends on the value of the jewel which is being kept as security
Loan period	Adjustment of advance sum inside 2 months from the date of reap of yields

Benefits of Andhra Pragathi Grameena Bank Agricultural Jewel Loan Scheme

• No processing fee is required for up to ₹ 25,000.
• 0.30% of the total loan amount, ₹ 300 down payment applies to amounts ranging from ₹ 25,000.
• 0.28% of total debt, subject to at least Rs.1500 applies to more than Rs.5 lakh yet less than Rs.1 crore.

Andhra Pragathi Grameena Bank Gold Loan Overdraft Scheme

Andhra Pragathi Grameena Bank offers an Overdraft Scheme. With this, the loan amount is provided as an overdraft facility. It functions as a Credit Card, where you can spend your Gold Loan Amount as per your wishes, anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Andhra Pragathi Grameena Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

FAQs About Andhra Pragathi Grameena Bank Gold Loan

✅ What is Andhra Pragathi Grameena Bank Gold Loan?

Andhra Pragathi Grameena Bank will provide you up to ₹20 Lakhs Bank will accept gold in all forms with purity 18 karat to 22 karats at a competitive Gold Loan Interest Rate and tenure of maximum of 24 months. This loan can be used for solving any monetary issues faced by the borrower.

✅ How can I get Gold Loan from Andhra Pragathi Grameena Bank?

You can avail Gold Loan from the Andhra Pragathi Grameena Bank is a hassle-free and straightforward process:

• Fill in your vital information in the form available on Dialabank.
• Our trained Relationship Manager will get in touch with you within 30 minutes.
• We will suggest you the loan according to your personal requirements, in your specific city.
• Visit the assigned branch of the bank.
• Get the loan sanctioned in just 30 minutes.

✅ How does Andhra Pragathi Grameena Bank Gold Loan work?

The Andhra Pragathi Grameena Bank Gold Loan is a secure credit availing service available for those who have urgent cash requirements and can pledge gold ornaments as collateral security. Once the gold pledged with the bank is valued, the bank processes the loan amount in your indicated account immediately. Various repayment options are available for repaying the loan.

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

The gold loan rate of interest depends on the total amount of the loan and the purpose of the loan. Andhra Pragathi Grameena Bank Gold Loan rate of interest begins from 7% per annum.

✅ What is the maximum loan amount I can avail on Gold Loan from Andhra Pragathi Grameena Bank?

You can get a maximum amount of Rs 1 crore on an Andhra Pragathi Grameena Bank Gold Loan as the bank offers around 75% of the gold ornaments’ market value.

✅ What is the loan tenure of Andhra Pragathi Grameena Bank Gold Loan?

The maximum tenure of your Andhra Pragathi Grameena Bank Gold Loan is up to 36 months. However, you’ll be required to renew your loan plan after a year.

✅ How much Processing Fee is applicable on Andhra Pragathi Grameena Bank Gold Loan?

A processing fee of up to 1% of the loan amount or ₹1000 whichever is higher is charged.

✅ How to pay Andhra Pragathi Grameena Bank Gold Loan Interest online?

The bank provides various methods to pay the loan amount such as a Standing Instruction or an ECS. For mo contact the customer care executive of the bank or visit the branch directly.

✅ What if I can’t pay the interest on Andhra Pragathi Grameena Bank Gold Loan for 3 months?

If someone defaults on the payments of Andhra Pragathi Grameena Bank Gold Loan interest for 3 months, a penalty fee is charged on the total amount due, and in case of repeated defaults, the bank will have the authority to auction your gold ornaments to recover the amount publicly.

✅ How can I apply for EMI Moratorium on Andhra Pragathi Grameena Bank Gold Loan?

You can apply for the Andhra Pragathi Grameena Bank Gold Loan moratorium online by logging in with your credentials or by personally visiting the main branch. The moratorium request has to be submitted at least five working days before the due date of your EMI.

✅What is the Overdraft Scheme for Andhra Pragathi Grameena Bank Gold Loan?

Andhra Pragathi Grameena Bank does provide an Overdraft Scheme and the overall loan amount will have a Credit/Loan Limit. In the Andhra Pragathi Grameena Bank Gold Loan Overdraft facility, the bank charges interest only on the amount that you will withdraw/utilize.

✅What is the Andhra Pragathi Grameena Bank Gold Loan closure procedure?

Once the loan is paid, the bank will close your gold loan immediately.

✅What is the Andhra Pragathi Grameena Bank customer care number?

The customer care number for Andhra Pragathi Grameena Bank is 9878981144.

✅ What is Andhra Pragathi Grameena Bank Gold Loan Preclosure charges?

The preclosure charges are decided from time to time by the bank.

✅ What is the maximum gold loan tenure?

The maximum gold loan tenure for Andhra Pragathi Grameena Bank is up to 36 months

✅ What is the minimum gold loan tenure?

The maximum gold loan tenure for Andhra Pragathi Grameena Bank 12 months

✅ What are the foreclosure charges of the Andhra Pragathi Grameena Bank Gold Loan?

Andhra Pragathi Grameena Bank charges an interested borrower up to .50% on the principal amount in case of a Gold Loan Foreclosure.

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