Deposit products offered by APGVB:

House Building Loans to Public

a) Purchase / construction of new/old house/flat.

b) Repairing/renovating an existing house/flat.
Purpose
c) Furnishing the house/consumer durables as a part of project cost.
d) Take over of loans from other banks subject to conditions.

Eligibility Individuals
Repairs /renovation 2 lakhs.
For furnishings consumer durables and 3 lakhs or 10 %
of the project cost.

Loan amount
Borrowers Up to 45 years of Age Over 45 years Age

Salaried employees 60 times of NMI 48 times of NMI

Loans up to 8 lakhs 15 %
Margins Loans above 8 lakhs 25 %
Repairs or renovation of existing house 20 %

ROI See Interest rates on loans.

Processing fee See service charges

Age up to 45 years: 15 years::

Repayment
Age above 45 years: 10 years

Security: Equitable Mortgage / Registered Mortgage of proposed property.

a) Application Form
b) Proof of Identity (Voters ID card/Passport/Driving License/ PAN Card)
c) Proof of Residence (Telephone Bills/Elect. Bill / Property Tax receipt)
d) Latest Salary Certificate
e) Form 16 or IT Returns for last two years
f) Statement of Bank Account / Pass Book for last six months
g) Copy of Approved Plan
Papers / Documents required h) EC / Legal Opinion / Search Report
i) Letter of Allotment/NOC under ULC.

j) Valuation/Estimation by approved valuer.

K)Approved Layout plan.

Deposit products offered by APGVB:

Rural Housing -Grameena Gruha Vikas

a) Providing hassle free housing loans to farmers and other rural

dwellers to construct new house including the cost of work shed
Purpose leading to income generating activities such as dairy shed etc.
b) Renovation or repair of existing house not more than 15 years old.
c) Extension of existing house or work place

All villages excluding agency areas where 1/70 act is in vogue and
Operational area semi urban areas with population less than 50000 as per 2001 census.
Branches located in Municipal limits are excluded.

All farmers, entrepreneurs, artisans, business people, employees etc

Eligibility (in the age group of 18 to 50 years)., and members of SHGs having
standard borrowal accounts.
a) 5 times the average annual income from agriculture including
income from ancillary activity.
b) 5 times of annual income in case of employee.
c) 5 times of annual average income from trade, business carried out
by any person.
(Average of last two years income will be considered for computation
Loan amount
of income eligibility)

Maximum loan amount: For construction of new house Rs.3.00 lakhs.

For repairs/renovation. Rs.1.00 lakh.

For completion
a) up to ground level-- 40%
Disbursements b) up to lintel level-- 20 %
c) up to roof level---- 20%
d) final completion---- 20%.

Margins 10% of the project cost

ROI See interest rates on loans and advances

Processing fee Nil

Penal Interest See service charges

Repayments may be fixed based on the generation of income. The

repayment would be fixed not more than 15 years in EMI, quarterly,
Repayment half yearly and yearly installments including moratorium period of 18
months from the disbursement of first installment or two months after
completion of house which ever is earlier

Equitable/Registered Mortgage of house or any other tangible security

Security: including agricultural land to cover 100% of loan amount. Mortgage
may be waived up to Rs.0.50 lakhs by obtaining third party guarantee.

Prescribed as per Housing loans to public. Memorandum of term loan

Papers / Documents required
agreement, Guarantee agreement and arrangement letter.

Insurance The building should be insured against all risks

LOANS & ADVANCES

Interest Rates on Loans & Advances

ANDHRA PRADESH GRAMEENA VIKAS BANK

HEAD OFFICE: :WARANGAL

REVISION OF INTEREST RATES ON ADVANCES

Segment Existing Revised

Rate rate

Bullet Payment 13.85% 13.85%

PGL

Over Draft (VikasSwarna) 14.25% 14.25%

Term Loan (Vikas Jewel) 13.75% 13.75%

Women 10.10% 9.80%

Housing Loans

Men 10.10% 9.85%

For Repairs and Upgradation (Maximum Rs 5 Lacs) 14.00% 12.00%

General Purpose Asset Backed Term Loans 14.00% 14.00%

Mortgage Loans

Overdraft Facility 14.25% 14.25%

Personal Loans to Employees With Check–off facility. 17.00% 14.50%

Without Check off facility. 17.00% 16.00%

Education Loans UptoRs 2 Lacs 12.00% 12.00%

Rs 2 Lacs to Rs 8 Lacs 13.00% 13.00%

Above Rs 8 lacs 14.00% 14.00%

Car Loans To Public 12.50% 12.00%

Cash Credit / Over Draft FacilityUptoRs 5 Lacs. 15.00% 13.50%

Cash Credit / Over Draft Facility Above Rs 5 Lacs. 15.00% 14.00%

 Loans covered under CGTMSE up-to Rs 1 Lakh. 14.00% 12.00%

Term Loans UptoRs 5 lacs 14.00% 13.75%

ISB/SME Loans
Term Loans Above Rs 5 Lacs 15.00% 14.25%

General 14.00% 14.00%

NRLM O/s UptoRs. 3 lakh 7.00% 7.00%

SHGs

NRLM Above Rs.3 lakh 14.00% 14.00%

Through MACS/VOs 14.00% 14.00%

Crop Loans (Including KCC,RMGs, UptoRs 3 Lacs 7.00% 7.00%

JLGs, KouluRuthulu, ) (Disbursed
during the Subvention period)
Above Rs 3 Lacs 14.00% 14.00%

Agrl. Term Loans and Allied UptoRs 50000/- 13.00% 13.00%

Agrl.Term Loans (including JLGs,
RMGs)
Above Rs 50000/- 14.00% 14.00%

Clean Overdraft - 18.50% 18.50%

General Purpose credit cards (GCC) Maximum Limit Rs 25000/- 14.00% 14.00%

Solar Off-Grid - 11.00% 11.00%

Overdraft Facility to Land Lord Owners of our branch premises 13.50% 13.50%

Demand Loans. Loans against NSC/ KVP/LIC Policies etc., 15.00% 15.00%

Savings Bank cum OD account 14.00% 14.00%