Andhra Pradesh Grameena Vikas Bank Education Loan Interest Rate
| INTEREST RATE | 11% to 11.50% |
| LOAN TENURE | In 5 to 7 years after the Holiday | Moratorium Period |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | As decided by the bank from time to time |
About Andhra Pradesh Grameena Vikas Bank
Andhra Pradesh Grameena Vikas Bank is a gramin bank in India established on 31-03-2006. It has headquarter in Warangal and address is H.No. 2-5-8/1, Ram Nagar, Hanmakonda, Warangal - 506 001. it has 793 branches across the state.
It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, loans, personal loans, netbanking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Andhra Pradesh Grameena Vikas Bank Education Loan Interest Rates, Education Loan at 11% to 11.50% Updated on 30 Apr 2025. Apply for Education Loans Online. Find Andhra Pradesh Grameena Vikas Bank Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.
Other Products of Andhra Pradesh Grameena Vikas Bank:
Andhra Pradesh Grameena Vikas Bank Education Loan Purpose
Andhra Pradesh Grameena Vikas Bank Eligible Courses for Education Loan
- Graduation/Post Graduation/Professional Courses.
- Other courses approved by UGC/Government/AICTE etc.
- MInimum 75% marks should have been secured in qualifying exam.
- Management quota student not eligible.
Andhra Pradesh Grameena Vikas Bank Education Loan Document Required
For salaried individuals
- Duly filled up and signed education loan application form along with photographs
- KYC (Know Your Customer)documents
- Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
- Latest salary slip showing all deductions or Form 16 along with recent salary certificate
- Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
- Bank Statement or Bank Pass Book of having entries of last 6 months
- Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
- Detailed break-up of the costs of the course (Optional)
For all individuals except salaried
- Duly filled up and signed education loan application form along with photographs
- KYC (Know Your Customer)documents
- IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
- Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
- Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
- Bank Statement or Bank Pass Book of having entries of last 6 months
- Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
- Detailed break-up of the costs of the course (Optional)
Andhra Pradesh Grameena Vikas Bank Education Loan Amount
a) For studies in India, maximum Rs. 10 Lakhs.b) For studies abroad, maximum Rs. 20 Lakhs
Margin
a) Up to Rs.4 lakhs-Nil.b) Above Rs. 4 lakhs 5% for Studies in India and 15% for Studies abroad
Andhra Pradesh Grameena Vikas Bank Education Loan Repayment
The loan will be recovered in 60 monthly installments from the parent and student one year after completion of the course irrespective of employment by the student.Gestation: Course Period + One year or 6 months after getting the job.
5 to 7 years depending upon the course and Income flow.
Security
a) Personal liability of parent and student for limits up to Rs.4.00 lakhsb) Collateral security with 200 percent of the loan including third party guarantee for limits above Rs.4.00 lakhs
Mode of Repayment of Education Loan
Post Dated Cheque (PDC): PDCs are given by the borrower in advance to the bank. They will be for future dates. Bank will deposit the cheque on the date mentioned on the cheque. This mode used to be opted by the borrowers when there were no online repayment options available. This mode is no longer popular and is used by very few borrowers.
Electronic Clearance System (ECS): This mode is very popular and most of the borrowers opted for this mode of repaying the loan. It is an electronic mode for transferring the EMI from borrower's bank to lender's bank.
National Automated Clearing House (NACH): NACH is a facility offered by National Payment Corporation of India (NPCI) for online transfer of funds on due date. This system has come into force recently and is preferred by many people. The benefit of this mode is that it allows transactions to be processed in real time.
Standing Instruction (SI): It is an order or instruction which the account holder gives to his/ her bank to pay a fixed amount to another bank/ account at a regular interval. It is also used by many borrowers to pay EMIs as EMI is a fixed amount. SI is not suitable for variable amounts.
Contact details of Andhra Pradesh Grameena Vikas Bank, Andhra Pradesh Grameena Vikas Bank SMS balance check number SMS banking, Andhra Pradesh Grameena Vikas Bank mobile banking, Andhra Pradesh Grameena Vikas Bank toll free number,Andhra Pradesh Grameena Vikas Bank toll free number 24*7, Andhra Pradesh Grameena Vikas Bank miss call number.
- MISSED CALL NUMBERS - 9289222024
- CUSTOMER CARE NUMBERS - 0870-2577769, 1800-121-0354
- CONTACT NUMBERS - 0870-2577769, 1800-121-0354
Andhra Pradesh Grameena Vikas Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.apgvbank.in
- CONTACT NUMBERS - 0870-2577769, 1800-121-0354
- EMAIL ID - [email protected]
- MISSED CALL NO. - 9289222024
- CUSTOMER CARE NO. - 0870-2577769, 1800-121-0354
- TOTAL BRANCHES - 793
- HEADQUARTER - Warangal
- BANK ADDRESS - H.No. 2-5-8/1, Ram Nagar, Hanmakonda, Warangal - 506 001
Andhra Pradesh Grameena Vikas Bank Education Loan FAQs Education Loan Document Required
