{"id":9806,"date":"2024-02-28T15:31:22","date_gmt":"2024-02-28T10:01:22","guid":{"rendered":"https:\/\/gstguntur.com\/?p=9806"},"modified":"2024-02-29T17:59:12","modified_gmt":"2024-02-29T12:29:12","slug":"andhra-pradesh-grameena-vikas-bank-personal-loan","status":"publish","type":"post","link":"https:\/\/gstguntur.com\/andhra-pradesh-grameena-vikas-bank-personal-loan\/","title":{"rendered":"Andhra Pradesh Grameena Vikas Bank Personal Loan @ 9.99% | Loan Amount, Eligibility Criteria, Documents Required, Repayment Options"},"content":{"rendered":"<p><strong>Andhra Pradesh Grameena Vikas Bank Personal Loan:<\/strong> In terms of the market reputation, it can be said that Andhra Pradesh Grameena Vikas Bank is one of the most trusted rural banks all over India. It was founded exactly 15 years ago after the amalgamation of 6 banks. The banks were taken under the wing of the State Bank of India (SBI), and at present, the bank is functional all across the 21 districts of Telangana and a total of 3 districts in Andhra Pradesh. 771 branches of the Andhra Pradesh Grameena Vikas Bank exist across the two states, as mentioned earlier, and help the account holders and people associated with the bank 1526 Mitra Points are also there with almost all the banking facilities.<\/p>\n<p>This bank offers personal loans for various purposes. In comparison to the other private sector banks, the interest rate is quite low. So, read on and find out everything about the personal loan offered by the Andhra Pradesh Grameena Vikas Bank.<\/p>\n<p>Want to compare Andhra Pradesh Grameena Vikas Bank Personal Loan with other bank personal loans for lowest interest rates and extra offerings? Just keep an eye on our Complete Guide on <a href=\"https:\/\/gstguntur.com\/personal-loan\/\" target=\"_blank\" rel=\"noopener\"><strong>Personal Loan<\/strong><\/a> &amp; choose the suitable bank to apply for the loan.<\/p>\n<h2>Andhra Pradesh Grameena Vikas Bank<\/h2>\n<ul>\n<li><a href=\"#Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan\">Andhra Pradesh Grameena Vikas Bank Personal Loan<\/a><\/li>\n<li><a href=\"#How_You_Can_Get_a_Personal_Loan_from_Andhra_Pradesh_Grameena_Vikas_Bank?\">How You Can Get a Personal Loan from Andhra Pradesh Grameena Vikas Bank?<\/a><\/li>\n<li><a href=\"#How_Can_You_Use_the_Loan_Amount?\">How Can You Use the Loan Amount?<\/a><\/li>\n<li><a href=\"#Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan_Eligibility_Criteria\">Andhra Pradesh Grameena Vikas Bank Personal Loan Eligibility Criteria<\/a><\/li>\n<li><a href=\"#Documents_Required_for_Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan\">Documents Required for Andhra Pradesh Grameena Vikas Bank Personal Loan<\/a><\/li>\n<li><a href=\"#Andhra_Pradesh_Grameena_Vikas_Bank_Maximum_Loan_Amount\">Andhra Pradesh Grameena Vikas Bank Maximum Loan Amount<\/a><\/li>\n<li><a href=\"#Repayment_Options_for_Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan\">Repayment Options for Andhra Pradesh Grameena Vikas Bank Personal Loan<\/a><\/li>\n<li><a href=\"#When_does_the_Personal_Loan_request_Gets_Rejected?\">When does the Personal Loan request Gets Rejected?<\/a><\/li>\n<li><a href=\"#Final_Words_on_Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan\">Final Words on Andhra Pradesh Grameena Vikas Bank Personal Loan<\/a><\/li>\n<\/ul>\n<h3><a id=\"Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan\"><\/a>Andhra Pradesh Grameena Vikas Bank Personal Loan<\/h3>\n<p>On the total personal loan amount of 10 lakhs INR, one needs to pay an interest of 9.99%. The borrower needs to return the money within a period of 12 to 60 months. Only 1 to 2 percent of the Proc. fee will be charged from the lender. Andhra Pradesh Grameena Vikas Bank offers various types of personal loans. All of them are mentioned below.<\/p>\n<ul>\n<li><strong>Marriage Loan:<\/strong> If you cannot bear the expenses of a marriage in the family, then a personal loan is also sanctioned for that purpose.<\/li>\n<li><strong>Loan for Government Employees:<\/strong> Both state and Central government employees can apply for a personal loan.<\/li>\n<li><strong>Loan for Doctors:<\/strong> Doctors who have practiced for more than three years can apply for the loan.<\/li>\n<li><strong>Loan for Pensioners:<\/strong> Even in your retired life, you are eligible for a personal loan. The only clause is that you need to be an ex-government employee.<\/li>\n<li><strong>Balance Transfer Related Personal Loans:<\/strong> If you feel that the interest rate is very high, then you can choose this option having a lower interest rate.<\/li>\n<li><strong>Top Up Personal Loan:<\/strong> If you have already taken a personal loan but urgently require more money, you can apply for this top-up to get an extra amount of money other than the original loan amount.<\/li>\n<\/ul>\n<h3><a id=\"How_You_Can_Get_a_Personal_Loan_from_Andhra_Pradesh_Grameena_Vikas_Bank?\"><\/a>How You Can Get a Personal Loan from Andhra Pradesh Grameena Vikas Bank?<\/h3>\n<p>You need to visit the official website of &#8216;Andhra Pradesh Grameena Vikas Bank Personal Loan.&#8217; There you need to fill a form, and after the submission of that form, the bank authority will contact you. You can consult with the bank employees to get personal assistance throughout the loan procedure.<\/p>\n<p>The money lender&#8217;s authentication will then be verified within two days. After that, you need to submit your KYC. You can choose to submit your KYC either online or offline. Once the document verification process finishes, you will receive a call from the bank to confirm the loan amount, and if everything goes right, your loan will get sanctioned. If the loan gets sanctioned, you will get the money in the next 48 hours. The time mentioned above frame may vary depending on the situation.<\/p>\n<p>You can check the application status of your loan by visiting the official website of the Andhra Pradesh Grameena Vikas Bank. To do that, you need to submit some of your details, such as your mobile number, loan application number, and maybe your date of birth. But first, you need to click on products on the bank&#8217;s web page, and there you need to select the option of personal loans, which will redirect you to another page. There click on &#8216;More&#8217; and finally tap on the &#8216;Review Loan Application Status; to check your loan status.<\/p>\n<h3><a id=\"How_Can_You_Use_the_Loan_Amount?\"><\/a>How Can You Use the Loan Amount?<\/h3>\n<p>As it is a personal loan, you can use it just the way you want. You can spend it on educational purposes or build a house and even for a vacation if you like. Still, there are categories in the personal loan section depending on the job profile of the borrower. Money is lent depending on the financial capability of the borrower and their need.<\/p>\n<h3><a id=\"Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan_Eligibility_Criteria\"><\/a>Andhra Pradesh Grameena Vikas Bank Personal Loan Eligibility Criteria<\/h3>\n<p>To take a personal loan from the Andhra Pradesh Grameena Vikas Bank, you need to be eligible. The eligibility criteria are mentioned below.<\/p>\n<ul>\n<li>The minimum age of the moneylender should be 21 years, whereas the maximum age limit is 60 years.<\/li>\n<li>The CIBIL score of the person taking the loan should be at least 600.<\/li>\n<li>The minimum monthly income of the loan applicant should be 20000 INR.<\/li>\n<li>The moneylender can either be self-employed or a salaried person.<\/li>\n<\/ul>\n<h3><a id=\"Documents_Required_for_Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan\"><\/a>Documents Required for Andhra Pradesh Grameena Vikas Bank Personal Loan<\/h3>\n<p>Following is a list of documents that you need to submit to the Andhra Pradesh Grameena Vikas Bank if you plan to take a personal loan from the bank. While applying for the loan, the applicant needs to submit copies of a few documents. The loan amount will be sanctioned only after the completion of the document verification process.<\/p>\n<p>As proof of your identity, you can submit a copy of any of the following documents.<\/p>\n<ul>\n<li>Aadhar Card<\/li>\n<li>Driving License<\/li>\n<li>Voter ID Card<\/li>\n<li>Passport<\/li>\n<\/ul>\n<p>To prove your permanent address, you can submit a copy of your ration card, Passport, or electricity bills if you do not have a permanent address and live in a rented place. You need to submit a copy of your rental agreement with the house owner. You should stay in one location for at least one year before applying for the loan.<\/p>\n<p>You need to submit your ITR for the last two assessment years, bank statement from your updated passbook where the transaction history of the last three months will be visible, or finally, you can also submit your salary slips for the last six months proof of your monthly and yearly income.<\/p>\n<h3><a id=\"Andhra_Pradesh_Grameena_Vikas_Bank_Maximum_Loan_Amount\"><\/a>Andhra Pradesh Grameena Vikas Bank Maximum Loan Amount<\/h3>\n<p>The maximum personal loan amount given by Andhra Pradesh Grameena Vikas Bank is ten lakhs INR.<\/p>\n<h3><a id=\"Repayment_Options_for_Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan\"><\/a>Repayment Options for Andhra Pradesh Grameena Vikas Bank Personal Loan<\/h3>\n<p>You can pay the total lent money and as well as the interest in EMIs. You can choose to pay either physically or virtually.<\/p>\n<h3><a id=\"When_does_the_Personal_Loan_request_Gets_Rejected?\"><\/a>When does the Personal Loan request Gets Rejected?<\/h3>\n<p>Under the following circumstances, your loan request might get rejected by the Andhra Pradesh Grameena Vikas Bank.<\/p>\n<ul>\n<li><strong>Bad credit history: <\/strong>A person&#8217;s credit score is used to indicate a person&#8217;s ability to repay a loan. A high credit score determines the ability to repay a loan without default. For a lender, an honest credit score is essential in assessing the likelihood of default. Lenders turn down many consumer loan applications due to bad credit scores. People with credit scores of less than 750 may find it difficult to get a private loan.<\/li>\n<li><strong>In case you are in debt:<\/strong> If you have borrowed a large amount of money in the past and the ratio of your loan amount to income exceeds 40%, lenders may refuse your loan application.<\/li>\n<li><strong>Increase in loan requests: <\/strong>As long as you are applying for a loan, the investor asks for your credit report, pronounced as a request. Even though the service is free, you shouldn&#8217;t worry about asking too many questions.<\/li>\n<\/ul>\n<h3><a id=\"Final_Words_on_Andhra_Pradesh_Grameena_Vikas_Bank_Personal_Loan\"><\/a>Final Words on Andhra Pradesh Grameena Vikas Bank Personal Loan<\/h3>\n<p>In most cases, the borrower&#8217;s credit score is checked by Andhra Pradesh Grameena Vikas Bank before lending money to anyone, but in some cases, your loan request may get rejected due to other reasons. You need to repay the loan amount no matter what, take a loan if necessary, and read all the loan-related documents carefully before signing on the dotted line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andhra Pradesh Grameena Vikas Bank Personal Loan: In terms of the market reputation, it can be said that Andhra Pradesh Grameena Vikas Bank is one of the most trusted rural banks all over India. It was founded exactly 15 years ago after the amalgamation of 6 banks. The banks were taken under the wing of &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/gstguntur.com\/andhra-pradesh-grameena-vikas-bank-personal-loan\/\"> <span class=\"screen-reader-text\">Andhra Pradesh Grameena Vikas Bank Personal Loan @ 9.99% | Loan Amount, Eligibility Criteria, Documents Required, Repayment Options<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[166],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/9806"}],"collection":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/comments?post=9806"}],"version-history":[{"count":3,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/9806\/revisions"}],"predecessor-version":[{"id":9836,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/9806\/revisions\/9836"}],"wp:attachment":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/media?parent=9806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/categories?post=9806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/tags?post=9806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}