#2
| |||
| |||
![]()
Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank Andhra Pragathi Grameena Bank – Pragathi Bullet Gold Loan Eligibility: All the customers of the branch, who are having SB/Current Account are eligible for coverage under the scheme Quantum of Loan: Per gram lending rate is Rs.1,550/- on the net weight of the ornaments or 75% of the market value (80% for hall marked jewels) whichever is less Scheme Per gram lending Rate Pragathi Agri Gold Loan Up to Rs.1, 550/- per gram on the net weight or 75% of market value (80% for hall marked jewels) whichever is less. Pragathi General Gold loan / Pragathi Swarna Credit Card. Up to Rs.1, 500/- per gram on the net weight or 75% of market value (80% for hall marked jewels) whichever is less. Pragathi Bullet Gold Loan. Up to Rs.1, 550/- per gram on the net weight or 75% of market value (80% for hall marked jewels) whichever is less. Per gram lending rate of gold for granting various schemes of Gold loans as under Rate of Interest: 13%; overdue interest at 2.25% over the normal rate shall be charged on the overdue loan amount Security: The loan is secured against security of gold ornaments, Gold coins with 22 carat and above purity Repayment: The loan amount along with interest shall be repaid within 12 months from the date of sanction |
![]() |
|