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Andhra Pragathi Grameena Bank Personal Loan

    Andhra Pragathi Grameena Bank is an Indian, Regional Rural Bank. It was established in the year 2006 as a Scheduled Commercial Bank to provide banking facilities in the Coastal Andhra regions. It is the bank which offers financial help in the rural area who need finance. Avail the Best Andhra Pragathi Grameena Bank Personal Loan on Lowest Interest Rates.

    What is Personal Loan?

    A Personal loan is a loan which is offered by the financial institution or banks for fulfilling any needs. In this loan, there is no need to pledge any asset as collateral with the bank. One can use this loan for home renovations, paying off debts, going for a vacation, wedding expenses, and so on.

    Personal Loan Interest Rate

    Interest rates start from 13.99% and can be up to 17.50% p.a.

    More About: Interest Rates on Personal Loan

    Why should one take Andhra Pragathi Grameena Bank Personal Loan?

    First of all, they charge very less processing fees.
    Secondly, they require less or minimal documents.
    Next, the process of approval is quick and hassle-free.
    And, there is no cosigner required.
    Also, it provides an affordable rate of interest.
    The loan given by them is Collateral free.

    Documents required

    1. Identity Proof : Aadhaar card, Voters ID card, Passport and Driving license
    2. Address Proof : Ration Card, Passport, Electricity Bill, Rental agreement, Trade License, and Sales Tax Certificate.
    3. Banks Statement : Statement of the previous six months.
    4. Latest ITR : Income Tax Return with computation of income, Balance sheet, and Profit& Loss for the last two years certified by a Chartered Accountant.
    5. Proof of Continuation : Trade License, Sales-tax Certificate.

    They also required for a certified copy of Board Resolution, Partnership Deed, Article of Association, and Memorandum of Association.

    APG Bank Personal Loan Eligibility

    Parameters Self Employed Professionals Self Employed Individuals
    Age 25-65 Years 25-65 Years
    Business Continuity  Should be in the same Business & City for Minimum 3 Years Should be in the Business for Minimum 3 years &should also have a total work experience of 3 years
    Minimum Income Rs 2,00,000 per year Rs 2,00,000 per year
    Minimum Loan Amount Rs 75,000 Rs 75,000
    Maximum Loan Amount Rs 15,00,000 Rs 15,00,000
    Tenure 12-48 Months 12-48 Months

    Click here to know more about- Salaried Applicant

    Click here to know more about €“ Self-employed Applicant

    Andhra Pragathi Grameena Bank Personal Loan Purpose

    As the name is suggesting, a personal loan can be for any of personal use purpose. But generally, there are some purposes for which people prefer to get a Personal Loan.

    1. People get a personal loan for wedding purposes. You can quickly get a personal loan in very less time.
    2. Sometimes a personal loan is beneficial for higher education too.
    3. Some people get a personal loan for home renovation.
    4. Besides, people get a personal loan to close other loans.

    Click here to know about€“ EMI Calculator

    Andhra Pragathi Grameena Bank Personal Loan Advantages

    1. Firstly, interest rates are quite affordable.
    2. Thus, the person can quickly repay their loan amount.
    3. Secondly, this loaning scheme is unsecured.
    4. As a result, there is no requirement of collateral
    5. Furthermore, both the salaried and self-employed individuals can take benefits from this loan.
    6. Moreover, the principal amount is entirely dependent on the borrower€™s documents submission.
    7. If an applicant CIBIL or credit score is right, you can get the loan amount without facing any problem.
    8. Now, you might be thinking about where I can use the loan amount.
    9. So, the answer to your question is anywhere. You can use it for paying your medical expenses, or you can go for an exotic vacation with the loan amount.
    10. Hence, personal loan comes with no spending restrictions.

    How one applies for Andhra Pragathi Grameena Bank Personal Loan?

    It€™s effortless to apply for a Andhra Pragathi Grameena Bank Personal Loan; all you need is to do follow these simple steps and Now, once you are on our site, you need to provide your necessary details along with your phone number. It requires a very minimal time

    1. First, you need to visit our website
    2. Please, it is essential that the applicant provide their correct contact details.
    3. Now once you fill the form, all the work is done.
    4. Then, our relationship manager will call you within 30 minutes and provide you the best offers and deals that you can get from near your location.
    5. Also, you don€™t need to worry about paying anything as we provide free expertise to you.