Andhra Pradesh Grameena Vikas Bank plot Loan Features
INTEREST RATE |
|
LOAN TENURE |
15 Years |
PROCESSING FEE |
As decided by the bank from time to time |
GUARANTOR REQUIRED |
Please Contact Bank Branch |
PRE CLOSURE CHARGES |
As per the bank’s discretion |
Eligibility Criteria for the Andhra Pradesh Grameena Vikas Bank Bank plot loan
The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO). |
The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO). |
The applicant’s age must be in the range of 18 years and 70 years at the time of loan maturity. |
The applicant’s age must be in the range of 18 years and 70 years at the time of loan maturity. |
The applicant must be salaried or self-employed with a regular income. |
The applicant must be salaried or self-employed with a regular income. |
Andhra Pradesh Grameena Vikas Bank plot Loan Benefits
- Rates of interest from 8.35%
- 15 years of time
- Huge options of plot loan schemes to suit loan needs
- Several loan reimbursements options to suit applicants who want
- Trouble-free document procedure
Plot Loan
Andhra Pradesh Grameena Vikas Bank offers plot loans to both salaried and self-employed people with an Indian nationality,
1. Tenure
The time for the Andhra Pradesh Grameena Vikas Bank plot loan is 30 years.
2. Prepayment Fine
A prepayment fee is a nil
3. Loan to Value Ratio (LTV)
LTF is 90%.
4. Tax Benefits
There are no tax benefits in Andhra Pradesh Grameena Vikas Bank plot loan.
Andhra Pradesh Grameena Vikas Bank plot loan with Construction vs Home Loan
Parameters |
Plot Loan with Construction |
Regular Home Loan |
Tenure |
Up to 15 years |
Up to 30 years |
Prepayment fine |
Free |
Free |
Loan to Value (LTV) |
up to 10.24% |
up to 90% |
Plot with Construction Loan interest rates |
The rates are similar to a home loan but can go higher. |
Start at 6.80%* |
Tax Benefits |
Eligible after the construction of a building or home on the plot |
Home loan owners are eligible. |
Andhra Pradesh Grameena Vikas Bank plot loan for self-employed individuals
Salient Features
- Self-employed individuals can apply for this loan.
- Buy a plot that’s already on sale.
- Buying a plot through a direct share in a covering society or a creator scheme
- Transfer his/her unresolved lending amount availed from another economic organization
- Modified reimbursement choices offered to the debtor liable on the loan amount, loan tenancy, and rate of interest provided by the bank.
- Striking rates of interest obtainable on the plot loans to make it reasonable for the candidates.
- No unseen costs are charged on the lend.
Who can apply for an Andhra Pradesh Grameena Vikas Bank plot loan self-employed?
Persons can apply for this lend on their personal or together. People for the plot loans must be the planned proprietors of the plot. Co-applicants usually include household members and need not be co-owners of the stuff.
Loan term
- The maximum tenure is 15 years.
- The loan term depends on the reimbursement system the candidate has chosen for.
- The client’s outline, age of the plot at the period of lend prime of life, age of the client at the period of loan maturity also play a role in determining the loan term.
Maximum loan amount
Loan Amount |
Maximum Funding |
Up to Rs.30 lakh |
80% of the property price* |
Rs.30.01 lakh to Rs.75 lakh |
80% of the property price* |
Over Rs.75 lakh |
75% of the property price* |
Type of Andhra Pradesh Grameena Vikas Bank plot loans self-employed:
TruFixed Home Loan – 2/3 Year Fixed Rate Variant
Under the Tru Fixed Home Loan, the candidate can benefit from a secure rate of up to 2/3 years, totaling up to an entire 15-year loan period.
Adjustable-Rate Loan
The rate of interest on the loan is revised every three months. An increase in the rate of interest will result in an upsurge in the EMI’s interest component which in turn will reduce the principal component.
Andhra Pradesh Grameena Vikas Bank plot loan Interest Rates For self-employed professionals
Adjustable Home Rate Loan
The Retail Prime Lending Rate for self-employed professionals stands at 16.20%
Loan Slab |
Home Loan Interest Rates (% p.a) |
For women* (up to 30 lakh) |
7.05 to 7.55 |
For others* (up to 30 lakh) |
7.10 to 7.60 |
For women* (above 30 lakh) |
7.30 to 7.80 |
For others* (above 30 lakh) |
7.35 to 7.85 |
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
The interest rates are applicable only for loans under the Adjustable-Rate Home Loan Scheme of Andhra Pradesh Grameena Vikas Bank and can be revised at the time of disbursement.
Tru Fixed Loan – 2 Year Fixed Rate Variant
The Retail Prime Lending Rate (RPLR) stands at 16.20%
Loan Slab |
Home Loan Interest Rates (% p.a) |
For women* (up to 30 lakh) |
7.05 to 7.55 |
For others* (up to 30 lakh) |
7.10 to 7.60 |
For women* (above 30 lakh) |
7.30 to 7.80 |
For others* (above 30 lakh) |
7.35 to 7.85 |
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
Andhra Pradesh Grameena Vikas Bank plot loan interest rates for self-employed non-professionals
Adjustable-Rate Home Loan
The Retail Prime Lending Rate (RPLR) stands at 16.20%
Loan Slab |
Home Loan Interest Rates (% p.a) |
For women* (up to 30 lakh) |
7.05 to 7.55 |
For others* (up to 30 lakh) |
7.10 to 7.60 |
For women* (above 30 lakh) |
7.30 to 7.80 |
For others* (above 30 lakh) |
7.35 to 7.85 |
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
TruFixed Loan – 2 Year Fixed Rate Variant
The Retail Prime Lending Rate for self-employed non-professionals holds at 16.20%
Loan Slab |
Home Loan Interest Rates (% p.a) |
For women* (up to 30 lakh) |
7.05 to 7.55 |
For others* (up to 30 lakh) |
7.10 to 7.60 |
For women* (above 30 lakh) |
7.30 to 7.80 |
For others* (above 30 lakh) |
7.35 to 7.85 |
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
Andhra Pradesh Grameena Vikas Bank plot loan documents required for self-employed
Here are the documents you will have to submit for all the applicants and co-applicants along with the signed application form for the approval of your loan:
Purpose | Documents |
Proof of identity and residence (Any 1) | 1. Voter ID Card |
2. Valid Driving License | |
3. Aadhaar Card | |
4. Valid Passport | |
Proof of income | 1. Income Tax Returns (ITR) along with computation of income for the previous three assessment years. |
2. Savings account statements of the individual and current account statements of the business entity for the last six months | |
3. Balance sheet and Profit and Loss account statements with schedules/annexures | |
(Documents of both the individual and the business entity should be attested by a CA for points 2 and 3) | |
Other documents | 1. Business profile |
2. Latest Form 26AS |
Andhra Pradesh Grameena Vikas Bank plot loan charges for self-employed
· Processing fees:
Out of whichever is higher between Rs.3,000 and 0.50% of the loan amount and other extra appropriate dues for self-employed professionals
Out of whichever is higher between Rs.4,500 or up to 1.50% of the loan amount and other extra appropriate dues for self-employed non-professionals.
· Prepayment charges:
Adjustable-Rate Home Loans (ARHL) | Adjustable-Rate Loans (ARHL): |
· No prepayment charges will be payable on account of full/part payments for loans sanctioned to individual borrowers. | |
· For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant. Prepayment charges at 2% plus taxes, as may be applicable from time to time, of the amount being prepaid, are payable. | |
· The customer will have to submit documents that Andhra Pradesh Grameena Bank deems fit and proper to confirm the source of funds at the time of prepayment of the loan. | |
Fixed-Rate Home Loans (FRHL) | Fixed-Rate Loans (FRHL) |
· No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other than a bank/NBFC/HFC or financial institutions | |
· The customer should submit documents that Himachal Pradesh Gramin Bank sees fit and proper to determine the source of funds. | |
· Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments. | |
Fixed and Variable Rate Loans (Combination rate) | Fixed and Variable Rate Loans (Combination rate) |
· During the Fixed Rate period: | |
· The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments. | |
· The customer must submit documents that Andhra Pradesh Grameena bank approves to confirm the source of funds at the time of prepayment of the loan. | |
· During the Variable Rate period: | |
· No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers. | |
· For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable. | |
The prepayment charges mentioned will apply to the date of execution of the loan agreement. However, the charges are subject to change from time to time depending on the prevailing policies of the Andhra Pradesh Grameena bank plot loan. |
· Conversion fees
Name of the service/product |
Name of the charge/fee levied |
When payable |
Frequency |
Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension) |
Conversion fees |
On conversion |
On every spread change |
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension) |
Conversion fees |
On conversion |
Once |
Switching from Trufixed Fixed Rate to Variable Rate Loan |
Conversion fees |
On conversion |
Once |
Switch to Lower Rate (Non-Housing Loans) |
Conversion fees |
On conversion |
On every spread change |
Switch to Lower Rate (Non-Housing Loans) |
Conversion fees |
On conversion |
On every spread change |
· Cheque dishonor charges
Rs.200
· Fees on account of external opinion
The external opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.
· Property insurance:
The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.
· Incidental charges:
Incidental charges and expenses are imposed to cover the charges, costs, and other expenses that may have been utilized to recover dues from a defaulting customer.
· Statutory/regulatory charges
The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India
· List of documents
Up to Rs.500
· Photocopy of documents
Up to Rs.500
· Increase/decrease in the loan term
Up to Rs.500 plus applicable loan term
· Disbursement cheque cancellation charge post disbursement
Up to Rs.200
· PDC swap
Up to Rs.200
Andhra Pradesh Grameena Vikas Bank plot loan for salaried individuals
Salient Features
- Self-employed individuals can apply for this loan.
- Buy a plot that’s already on sale.
- Buying a plot through a direct share in a covering society or a creator scheme
- Transfer his/her unresolved lending amount availed from another economic organization
- Modified reimbursement choices offered to the debtor liable on the loan amount, loan tenancy, and rate of interest provided by the bank.
- Striking rates of interest obtainable on the plot loans to make it reasonable for the candidates.
- No unseen costs are charged on the lend.
Who can apply Andhra Pradesh Grameena Vikas Bank plot loan for salaried individuals?
Persons can apply for this lend on their personal or together. People for the plot loans must be the planned proprietors of the plot. Co-applicants usually include household members and need not be co-owners of the stuff.
Loan term
- The maximum tenure is 15 years.
- The loan term depends on the reimbursement system the candidate has chosen for.
- The client’s outline, age of the plot at the period of lend prime of life, age of the client at the period of loan maturity also play a role in determining the loan term.
Maximum loan amount
Loan Amount |
Maximum Funding |
Up to Rs.30 lakh |
80% of the property price* |
Rs.30.01 lakh to Rs.75 lakh |
80% of the property price* |
Over Rs.75 lakh |
75% of the property price* |
The maximum funding of the loan can be restricted to 70% of the property cost if the property is situated outside city limits.
Type of Andhra Pradesh Grameena Vikas Bank plot loan for salaried individuals:
TruFixed Home Loan – 2/3 Year Fixed Rate Variant
Under the Tru Fixed Home Loan, the candidate can benefit from a secure rate of up to 2/3 years, totaling up to the entire 15-year loan period.
Adjustable-Rate Loan
The rate of interest on the loan is revised every three months. An increase in the rate of interest will result in an upsurge in the EMI’s interest component which in turn will reduce the principal component.
Andhra Pradesh Grameena Vikas Bank plot loan interest rates for salaried individuals
Adjustable Home Rate Loan
The Retail Prime Lending Rate for salaried individuals positions at 16.20%
Loan Slab |
Home Loan Interest Rates (% p.a) |
For women* (up to 30 lakh) |
7.05 to 7.55 |
For others* (up to 30 lakh) |
7.10 to 7.60 |
For women* (above 30 lakh) |
7.30 to 7.80 |
For others* (above 30 lakh) |
7.35 to 7.85 |
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
The interest rates are applicable only for loans under the Adjustable-Rate Home Loan Scheme of Andhra Pradesh Grameena Vikas Bank and can be revised at the time of disbursement.
Tru Fixed Loan – 2 Year Fixed Rate Variant
The Retail Prime Lending Rate (RPLR) positions at 16.20%
Loan Slab |
Home Loan Interest Rates (% p.a) |
For women* (up to 30 lakh) |
7.05 to 7.55 |
For others* (up to 30 lakh) |
7.10 to 7.60 |
For women* (above 30 lakh) |
7.30 to 7.80 |
For others* (above 30 lakh) |
7.35 to 7.85 |
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
Andhra Pradesh Grameena Vikas Bank plot loan documents required for salaried individuals
Purpose | Documents |
Proof of identity and residence (Any 1) | 1. Voter ID Card |
2. Valid Driving License | |
3. Aadhaar Card | |
4. Valid Passport | |
Proof of income | 1. Income Tax Returns (ITR) along with computation of income for the previous three assessment years. |
2. Savings account statements of the individual and current account statements of the business entity for the last six months | |
3. Balance sheet and Profit and Loss account statements with schedules/annexures | |
(Documents of both the individual and the business entity should be attested by a CA for points 2 and 3) | |
Other documents | 1. Business profile |
2. Latest Form 26AS |
Andhra Pradesh Grameena Vikas Bank plot loan charges for salaried individuals
· Processing fees
For self-employed professionals, Rs.3,000 or up to 0.50% of the loan amount whichever is higher, and other additional applicable taxes.
· Prepayment charges
Adjustable-Rate Home Loans (ARHL) | Adjustable-Rate Loans (ARHL): |
· No prepayment charges will be payable on account of full/part payments for loans sanctioned to individual borrowers. | |
· For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant. Prepayment charges at 2% plus taxes, as may be applicable from time to time, of the amount being prepaid, are payable. | |
· The customer will have to submit documents that Andhra Pradesh Grameena Bank deems fit and proper to confirm the source of funds at the time of prepayment of the loan. | |
Fixed-Rate Home Loans (FRHL) | Fixed-Rate Loans (FRHL) |
· No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other than a bank/NBFC/HFC or financial institutions | |
· The customer should submit documents that Himachal Pradesh Gramin Bank sees fit and proper to determine the source of funds. | |
· Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments. | |
Fixed and Variable Rate Loans (Combination rate) | Fixed and Variable Rate Loans (Combination rate) |
· During the Fixed Rate period: | |
· The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments. | |
· The customer must submit documents that Andhra Pradesh Grameena bank approves to confirm the source of funds at the time of prepayment of the loan. | |
· During the Variable Rate period: | |
· No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers. | |
· For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable. | |
The prepayment charges mentioned will apply to the date of execution of the loan agreement. However, the charges are subject to change from time to time depending on the prevailing policies of the Andhra Pradesh Grameena bank plot loan. |
Conversion fees
Andhra Pradesh Grameena Vikas Bank plot loan offers the below-mentioned conversion fees.
Name of the service/product |
Name of the charge/fee levied |
When payable |
Frequency |
Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension) |
Conversion fees |
On conversion |
On every spread change |
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension) |
Conversion fees |
On conversion |
Once |
Switching from Trufixed Fixed Rate to Variable Rate Loan |
Conversion fees |
On conversion |
Once |
Switch to Lower Rate (Non-Housing Loans) |
Conversion fees |
On conversion |
On every spread change |
Switch to Lower Rate (Non-Housing Loans) |
Conversion fees |
On conversion |
On every spread change |
· Cheque dishonor charges
Rs.200
· Fees on account of external opinion
The external opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.
· Property insurance:
The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.
· Incidental charges:
Incidental charges and expenses are imposed to cover the charges, costs, and other expenses that may have been utilized to recover dues from a defaulting customer.
· Statutory/regulatory charges
The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India
· List of documents
Up to Rs.500
· Photocopy of documents
Up to Rs.500
· Increase/decrease in the loan term
Up to Rs.500 plus applicable loan term
· Disbursement cheque cancellation charge post disbursement
Up to Rs.200
· PDC swap
Up to Rs.200
How to apply for Andhra Pradesh Grameena Vikas Bank plot loan With Dialabank
- For Andhra Pradesh Grameena Vikas Bank Plot Loan, you can apply with Dialabank easily.
- You have to fill the form with all the required documents.
- For further details, the bank’s representative will call you if your application is approved.
Additional tips to get Andhra Pradesh Grameena Vikas Bank plot loan Easily
- A good loan history would be an advantage before applying for the loan.
- A good credit score would help in the easy approvals of the loan.
- Proper documentation is required at the time of approval.
Documents Required to Apply for Andhra Pradesh Grameena Vikas Bank plot loan
- Filled application form with the photographs attached.
- Id Proof like Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
- Address Proof like Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
- Age Proof like Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
- For salaried persons, 6 months salary slips.
- The last 6 months Bank Statement
- The last 3 years income Tax Returns (ITR)
- Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
- Processing fee cheque
- Copies of the title documents of the property and the approved plan
- For Construction/ Renovation case, cost estimate from the Architect
✅ What is the Plot loan interest rate in Andhra Pradesh Grameena Vikas Bank?
The Andhra Pradesh Grameena Vikas bank plot loan is 9.0-11.0%
✅ What is an Andhra Pradesh Grameena Vikas Bank Plot Loan?
Andhra Pradesh Grameena Vikas bank offers plot loans to both salaried and self-employed people if they have an Indian nationality,
✅ What is the Plot loan interest rate in Andhra Pradesh Grameena Vikas Bank?
The Andhra Pradesh Grameena Vikas bank plot loan is 9.0-11.0%
✅ What is an Andhra Pradesh Grameena Vikas Bank Plot Loan?
Andhra Pradesh Grameena Vikas bank offers plot loans to both salaried and self-employed people if they have an Indian nationality, bank plot loan can be used for buying any plot in India.
✅ How much processing fee is applicable to the Andhra Pradesh Grameena Vikas Bank Plot loan?
Contact the bank.
✅ What is the loan tenure of the Andhra Pradesh Grameena Vikas Bank Plot loan?
20 years is the loan time of the Andhra Pradesh Grameena Vikas Bank.
✅ How much EMI per Lakh can be fixed on Andhra Pradesh Grameena Vikas Bank Plot Loan?
EMI per Lakh for the Andhra Pradesh Grameena Vikas Bank plot loan is ₹ 649 for 30 years.
✅ How can I avail plot loan from Andhra Pradesh Grameena Vikas Bank?
Once you pass the eligibility criteria.
✅ How to Apply for an Andhra Pradesh Grameena Vikas Bank Plot loan?
Please visit the Andhra Pradesh Grameena Vikas Bank’s website to read the application procedure or you can just call at 9878981166.
✅ How to repay the Andhra Pradesh Grameena Vikas Bank plot loan earlier than the schedule?
Visit the Andhra Pradesh Grameena Vikas Bank’s website for knowing how to repay the loan before the schedule.
✅ Is it possible to repay my loan earlier than the schedule?
Yes.
✅ How to check Andhra Pradesh Grameena Vikas Bank + Plot Loan eligibility?
Visit the above-mentioned table.
✅ What is the Andhra Pradesh Grameena Vikas Bank Plot loan phone number?
You have to call at 9878981166.
✅ What is the Andhra Pradesh Grameena Vikas Bank plot loan interest rate for women?
For women, the Andhra Pradesh Grameena Vikas Bank plot loan rate of interest is 7.05% – 7.20%.
✅ What is the Andhra Pradesh Grameena Vikas Bank plot loan interest rates for salaried individuals?
Andhra Pradesh Grameena Vikas Bank plot loan interest rate for Salaried Individuals – 7.10% – 7.20%.
✅ What is the Andhra Pradesh Grameena Vikas Bank plot loan interest rates for self-employed individuals?
Andhra Pradesh Grameena Vikas Bank plot loan interest rate for Self-Employed – 7.10% – 7.20%.
✅ What is Andhra Pradesh Grameena Vikas Bank plot loan interest rates for self-employed non-professionals?
Capital First Bank plot loan interest rate for Self-Employed Non-Professionals – 7.10% – 7.20%.
✅ How is a plot loan different from a home loan?
- Tax benefits availability for Home loan owners but not for plot loan.
- Usually, the LTV in plot loans is less up to 70% and home loans are 90%.
✅ Can I take a plot loan along with a home loan?
No.
✅ What is the maximum amount that I can take as a loan?
The maximum loan amount is determined after checking your land documents.
✅ Can a plot loan finance investment in any plot, anywhere?
Yes.
✅ What is a Balance Transfer on Plot Loan?
Balance Transfer helps in lowering the EMIs by transferring your remaining loan to other financial institutions to one that offers a lower interest rate.
✅ Do I get any tax benefits on a plot loan?
No tax benefits.
✅ How many years can I keep the plot of land before starting construction?
3 years.