Agriculture Cash Credits (Crop loans)

Purpose Raising of various crops

All categories of farmers - Small/Marginal (SF/MF) and others including Tenant

Eligibility
farmers and Share Croppers who actually cultivate the lands

As per Scales of finance stipulated by the District Level Technical Committee,

Loan amount
depending on the crop.

ROI See Interest on loans and advances

Processing fee See Service charges

Security:
a) Upto Rs 50,000
Hypothecation of crops
b) Above Rs. 50,000 and upto
Rs. 1,00,000 i. Hypothecation of crops
ii. Mortgage of lands or Third party guarantee
c) Above Rs.1,00,000
i. Hypothecation of crops
ii. Mortgage of lands
d) For tobacco, Sugarcane and
other crops under ti-up
arrangement with boards/ i. Hypothecation of crops
factories/ companies ii. a. Hypothecation of crops
i. Upto Rs. 1 Lac b. Mortgage of lands
ii. Above one lac

a) Land records to ascertain cultivation rights.

Papers / Documents required b) Acreage under different crops
c) Sources of other borrowings e.g. Co-operative Societies and Banks.

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%

ISB/SME Loans

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

Term Loans UptoRs 5 lacs 14.00% 13.75%

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%

UptoRs 50000/- 13.00% 13.00%

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

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%