Andhra Pradesh Grameena Vikas Bank Personal Loan

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Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About Andhra Pradesh Grameena Vikas Bank Personal Loan

Andhra Pradesh Grameena Vikas Bank is a regional rural bank in India. The bank was founded in 31st March 2006. Furthermore, the headquarter of the bank is in Warangal. The bank provides various financial products at attractive interest rates, a personal loan is one of them.A personal loan is a kind of financial aid where you borrow the money from the bank at some rate of interest to fulfill your personal need. It can be anything; the bank would not question the use of the loan amount.

Andhra Pradesh Grameena Vikas Bank Personal Loan

Andhra Pradesh Grameena Vikas Bank Personal Loan Eligibility

  1. The age of the applicant should be more than 21 years and if the applicant is self-employed then it should be 25 years at least..
  2. Maximum age of the applicant can be 60 years in case of salaries and its 65 years for the self-employed applicant.
  3. He/she should have some rigid source of income.
  4. In the case of self-employed, the applicant should be paying an ITR of Rs. 2.5 lakhs per annum at least.
  5. If the applicant t is salaried he/she should be earning Rs. 18000 per month at least.
  6. Besides that, the applicant should have a good credit history.
  7. The CIBIL score of the customer should be more than 700.

Andhra Pradesh Grameena Vikas Bank Personal Loan Uses

There are some common uses of the loan amount

  1. A person can get a personal loan for the wedding purposes.
  2. For educational purposes.
  3. To meet the medical expenses.
  4. Furthermore, the applicant can use the amount to pay the credit card bills.
  5. Besides that, a personal loan can be used to buy a second-hand card.
  6. For the home renovation.
  7. For the agricultural activities.
  8. A person can get a personal loan to boost his/her business.
  9. Bank provides a personal loan to the public for meeting all types of personal needs.

Amount of Loan:

The minimum amount of loan will be Rs.50,000/-

The maximum amount of loan Rs.4,00,000/-

Or 20 times monthly net salary, whichever is lower, depending upon the repaying capacity.

Andhra Pradesh Grameena Vikas Bank Personal Loan Features

There are some features of personal loan that are mentioned below.

  1. First of all, it is very easy to access. You can apply for a personal loan online in 2 minutes.
  2. Besides that, you can check your eligibility, interest rates and EMI’s online.
  3. You can calculate your EMI’s online on the online calculator.
  4. If you are eligible your loan will get approved in a few minutes.
  5. After the approval of your personal loan and the submission of the documents, your loan will be disbursed very quickly.
  6. The rates of interest in the personal loan are very affordable.
  7. The documentation process is very simple and easy in Andhra Pradesh Grameena Vikas Bank Personal Loan. You just have to submit some basic documents.
  8. Applicant should be working at the current place for at least one year if he/ she is salaried.

Andhra Pradesh Grameena Vikas Bank Personal Loan Interest Rate

The interest rates provided by the bank are very affordable.it starts at 11.70% per annum.

Andhra Pradesh Grameena Vikas Bank Personal Loan Documentation

  1. 2 passport sized colored photographs but the applicant should not be wearing the glasses in the photograph.
  2. After that one identity proof is required to get a personal loan. It can be an Aadhar card/ voter ID card/ PAN card/ driving licence/ passport.
  3. One residence proof is also required it can be anyone out of them.( Aadhar card/ voter ID card/ PAN card/ driving licence/ passport.)
  4. Utility bills or rental agreement can also be considered as the proof residence.
  5. Income proof is mandatory in case of personal Loan. In case of salaried applicants it is the salary slip of last three months and in case of self-employed, it is ITR (income tax report) of the last three years.

Who can’t apply?

A person with bad credit history can’t apply. The CIBIL score is required to be at least 650.

A person who gets his salary in cash can’t apply for a personal loan.

An applicant whose age is less than 21 years can’t apply for a personal loan.

What is a CIBIL score?

A CIBIL score is a measure of your banking behaviour basically. If you have a credit card or if you ever had a credit card or loan then your CIBIL score gets generated and it checks how punctual you are towards your debts. It ranges in between 300 to 850 basically. If your CIBIL score is less than 650 you won’t be able to apply for a personal loan. Because being an unsecured loan the lender checks your credit history before providing you the personal loan.

How to apply for Andhra Pradesh Grameena Vikas Bank Personal Loan?

You can easily apply for a personal loan online in a few minutes. You can even check tour eligibility and the rates of interest online.

  1. Visit www.dialabank.comon goggle.
  2. After that search for the personal loan.
  3. Now fill the application form with your basic information.
  4. Don’t forget to enter your correct contact number.
  5. Now click on apply button.

Why Dialabank?

  1. Dialabank is the first financial helpline of India. There are no trust issues at all.
  2. The rates of interest are very attractive and affordable here.
  3. The customer’s queries response is very quick here. you will get a call back instantly after filling your application form.
  4. Dialabank provides its services all over India.
  5. Moreover, it doesn’t charge a rupee for the guidance.
  6. You will get proper guidance from the experts.
  7. There is no need to go to the bank to submit the documents. If you apply on the dialabank.com you will get a free document pickup facility from your doorstep.

FAQ’s About Andhra Pradesh Grameena Vikas Bank Personal Loan

What is Andhra Pradesh Grameena Vikas Bank Personal Loan?

If you find yourself in need of urgent funds for your personal expenses like wedding, travel, payment of bills, and etc. You can apply for a Personal Loan from Andhra Pradesh Grameena Vikas Bank and fulfill all your needs. Personal Loans come with long tenures for easy repayment with attractive interest rates.

What is Personal Loan rate of interest in Andhra Pradesh Grameena Vikas Bank?

Andhra Pradesh Grameena Vikas Bank Personal Loan rates start from 10.75% per annum. The rate of interest depends on the borrower’s profile. If you have a good CIBIL Score you can expect a lower rate of interest.

How can I get Andhra Pradesh Grameena Vikas Bank Personal Loan?

You can get a Personal Loan from Andhra Pradesh Grameena Vikas Bank by visiting the nearest branch with your documents and duly signed application form. You can also visit Dialabank’s digital platform to compare offers of different banks and financial companies.

How to apply for Personal Loan in Andhra Pradesh Grameena Vikas Bank?

You can apply for a Personal Loan with Andhra Pradesh Grameena Vikas Bank by contacting your nearest branch in person or through Dialabank’s online portal for better convenience and to get the best deals and offers.

Why apply for Andhra Pradesh Grameena Vikas Bank Personal Loan?

Personal Loans can be used to finance all your small and big expenses. The long tenures and attractive interest rates make it easy to repay the loan in burden-free EMIs. You can use your Andhra Pradesh Grameena Vikas Bank Personal Loan for all your personal financial needs without having to submit any security.

How much EMI on Andhra Pradesh Grameena Vikas Bank Personal Loan?

Your Personal Loan EMI depends on your loan amount, loan tenure, and rate of interest. You can visit Dialabank and use our EMI Calculator to calculate your Andhra Pradesh Grameena Vikas Bank Personal Loan EMIs.

How much CIBIL score required for Andhra Pradesh Grameena Vikas Bank Personal Loan?

You will need a CIBIL score above 700 for your Loan with Andhra Pradesh Grameena Vikas Bank. Banks require a high CIBIL score for unsecured Personal Loans because it helps calculate the risk of default.

Minimum credit score needed for Andhra Pradesh Grameena Vikas Bank Personal Loan?

A minimum credit score of 700 is needed for Andhra Pradesh Grameena Vikas Bank Personal Loans. A healthy credit score is a necessity to avail unsecured loans.

How to calculate Andhra Pradesh Grameena Vikas Bank Personal Loan EMI?

You can calculate your Andhra Pradesh Grameena Vikas Bank Personal Loan EMI using the formula, E = P x R x [((1+R)^N)/((1+R)^N)-1]. Here, P is your principal loan amount, R is your rate of interest, and N is the loan tenure. You can also use Dialabank’s EMI calculator.

What can I use Andhra Pradesh Grameena Vikas Bank Personal Loan for?

Your Andhra Pradesh Grameena Vikas Bank Personal Loan can be used to fulfill all your financial needs and meet all your expenses. A wedding, an event, travel and vacation, buying of consumer goods, payment of bills, etc.

Can I prepay Andhra Pradesh Grameena Vikas Bank Personal Loan?

Yes, you can prepay your Andhra Pradesh Grameena Vikas Bank Personal Loan by contacting your loan branch in person. In some cases, you may be required to pay a small foreclosure charge.

How to prepay Andhra Pradesh Grameena Vikas Bank Personal Loan?

Visit your Andhra Pradesh Grameena Vikas Bank loan branch and apply for a foreclosure on your Loan account. You will need to pay all the pending amount and upon verification of your payments, your loan will be closed.

How to repay Andhra Pradesh Grameena Vikas Bank Personal Loan?

You can repay your Andhra Pradesh Grameena Vikas Bank Personal Loan in easy monthly EMIs that consist of both your principal amount and interest. You can either give a standing instruction or an ECS on your bank account for the monthly deduction of EMIs.

What documents are needed for Andhra Pradesh Grameena Vikas Bank Personal Loan?

You will need your basic KYC documents along with proof of your income to apply for a Personal Loan from Andhra Pradesh Grameena Vikas Bank. These documents are to be submitted along with a duly signed application form with the bank.

How to check Andhra Pradesh Grameena Vikas Bank Personal Loan status?

Visit your loan branch or contact the customer care number of Andhra Pradesh Grameena Vikas Bank to know the status of your loan application and stay updated.

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