Andhra Pragathi Grameena Bank Pension Loan

Andhra Pragathi Grameena Bank Pension Loan Features

Andhra Pragathi Grameena Bank Pension Loan Interest Rate 3.4 % p.a.
Andhra Pragathi Grameena Bank Pension Loan Processing Fee 1%
Andhra Pragathi Grameena Bank Pension Loan Tenure 36 months
Andhra Pragathi Grameena Bank Pension Loan Amount Minimum 25,000
Andhra Pragathi Grameena Bank Pension Loan Amount Max 14 Lakh
Andhra Pragathi Grameena Bank Family Pension Loan Amount Minimum 2.5 Lakh
Andhra Pragathi Grameena Bank Family Pension Loan Amount Max. 5 Lakh
Andhra Pragathi Grameena Bank Prepayment Charges 3% of the loan amount
Andhra Pragathi Grameena Bank Foreclosure Charges 3% of the loan amount

Andhra Pragathi Grameena Bank Pension Loan Eligibility

To ask, if possible, for a pension loan:

  • You would like to hear from one of the players who have a retirement schedule in the current squad.
  • You can hold a pension account in a PSU, a centralized bank, a state administration.
  • When you have received the loan payment, you must be able to contribute 60 percent to the pension.

Requirements for Central and State Government Pensioners by Andhra Pragathi Grameena Bank Pension Loan

Eligibility  Attributes
Employer Kind Central and State Government
Applicant’s (Age) Beneath 76 years of age
Account Type Order of pension payments enforced by the Bank
Treasury Terms Written approval from the treasurer not to consider any demands for a pension transfer
Guarantee Conditions By the spouse (eligible for a relationship pension) or any other third relation

Andhra Pragathi Grameena Bank Pension Loan Eligibility For Defence Pensioners

Eligibility Conditions Key Terms
Employer (Type) Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles
Applicant’s (Age) Down 76 years of age
Account Type Pension payment order was given by Bank
Treasury Terms Not applicable
Guarantee Terms Not applicable

Andhra Pragathi Grameena Bank Pension Loan Eligibility For Family Pensioners

Eligibility Terms Key Characters
Employer Kind Central and State Governments including all Armed Forces
Applicant’s Age in Years Below 76 years of age
Account Kind Pension payment order maintained by Bank
Treasury Kind Not applicable
Guarantee Terms Authorized members of the family under the family pension scheme

Maximal Eligible Loan Amount and repayments

For Central and State Government Pensioners:

Age Max Loan Quantity(18 months Pension or Less) Tenure Period Age at the time of full Repayment
Below 72 years ₹ 14.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 12.00 Lakh 48 months Up to 78 years
74 – 76 years ₹ 7.50 Lakh 24 months Up to 78 years

For Defense Retirees:

Age Max Loan Amount (18 months Pension or Less) Repayment Period Age at the time of full Repayment
Below 56 years ₹ 14.00 Lakh 84 months Up to 63 years
56 – 72 years ₹ 14.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 12.00 Lakh 48 months Up to 78 years
74 – 76 years ₹ 7.50 Lakh 24 months Up to 78 years

For Family Retirees(Considering Defense Pensioners):

Age Max Loan Amount (18 months Pension or Less) Repayment Period Age at the time of full Repayment
Below 72 years ₹ 5.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 4.50 Lakh 48 months Up to 78 years
74 – 76 years ₹ 2.50 Lakh 24 months Up to 78 years

Interest Rate On Andhra Pragathi Grameena Bank Personal Loan For Pensioners

Andhra Pragathi Grameena Bank Pension Loan’s interest rate is much lower, i.e. 3.40 percent p.a. To meet the needs of elderly retirees in their final days.

Document Required For Andhra Pragathi Grameena Bank Pension Loan

Identity proof:

  • Passport
  • Pan Card
  • Driving License
  • Voter Identity Card
  • Aadhaar Card

Address proof: 

  • Ration Card
  • Bank Account Statement
  • Passport
  • Driving License
  • Utility bills
  • The property purchase agreement
  • Aadhaar Card

Income proof: 

  • Bank Account Statement
  • Salary Slips

Loan Amount On Andhra Pragathi Grameena Bank Personal Loan For Pensioners

Rs 25,000 is the smallest loan number. The actual sum of the loan and the tenure of the loan depend on the age of the pensioner and the form of the pension he or she receives.

For State and Central Government Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Less Than 72 Years 25000 14 Lakh 18 Months Pension 60
72 to 74 Years 25000 12 Lakh 18 Months Pension 48
74 to 76 Years 25000 7.5 Lakh 18 Months Pension 24

For Defence Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Up to 56 Years Rs 25000 14 Lakh 36 Months Pension 84
Less Than 72 Years Rs 25000 14 Lakh 18 Months Pension 60
72 to 74 Years Rs 25000 12 Lakh 18 Months Pension 48
74 to 76 Years Rs 25000 7.5 Lakh 18 Months Pension 24

For Family Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Less Than 72 Years 25000 5 Lakh 18 Months Pension 60
72 to 74 Years 25000 4.5 Lakh 18 Months Pension 48
74 to 76 Years 25000 2.5 Lakh 18 Months Pension 24

 

 

About Andhra Pragathi Grameena BankAndhra Pragathi Grameena Bank Pension Loan

As of 01.06.2006, Andhra Pragathi Grameena Bank was formed by the amalgamation of Rayalaseema Grameena Bank, Sri Anantha Grameena Bank, and Pinakini Grameena Bank as a result of the Government of India Notification dt.01.06.2006. The Bank was incorporated under the 1976 Provincial Rural Banks Act.

FAQs on Andhra Pragathi Grameena Bank Pension Loan

✅ Can you get a loan on a pension?

The Andhra Pragathi Grameena Bank Pension Loan is accessible for Central and State government pensioners, money pensioners, and family pensioners up to 76 years of age.

✅ How much loan can a pensioner get?

The principal loan sum to be used by a retiree is 25,000 and the amount will vary depending on the category in which the person falls.

✅ What is the pension loan scheme?

The Andhra Pragathi Grameena Bank Pension Loan Scheme protects the funding needs of government pensioners, security pensioners, and family pensioners after they retire.

✅ At what rate of interest you can get Andhra Pragathi Grameena Bank Pension Loan?

Andhra Pragathi Grameena Bank Pension Loan can be purchased at 3.40 percent p.a. Level of interest.

✅ How can you get Andhra Pragathi Grameena Bank Pension Loan?

Register through the website of Dialabank or phone to at 9878981166.

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