Andhra Pragathi Grameena Bank Pension Loan

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      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 per cent 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 per cent p.a. Level of interest.

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

      Register through the website of Dialabank or phone at 9878981166.

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