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 Bank

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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