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Old December 26th, 2019, 12:54 PM
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Default Andhra Pragathi Grameena Bank Gold Loan Interest Rates

I have come to collect info of Andhra Pragathi Grameena Bank – Pragathi Bullet Gold Loan Interest Rates, so would you plz let me know about the same??
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Old December 26th, 2019, 02:00 PM
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Default Re: Andhra Pragathi Grameena Bank Gold Loan Interest Rates

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
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