Andhra Pradesh Grameena Vikas Bank Home Loan

Looking to buy, build, or renovate a home in Andhra Pradesh ? Andhra Pradesh Grameena Vikas Bank (APGVB) offers reliable and customer-friendly home loan solutions designed to support your housing needs, especially in rural and semi-urban communities. With interest rates starting at 8.35% per annum (subject to 2025 RBI regulations), flexible repayment options, and a simplified documentation process, APGVB ensures housing finance is accessible to middle- and low-income families across the state.
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  • ICICI Bank Recommended
    9% Interest
    ₹2.95Cr Loan Amount
    20 Yr Tenure
    ₹2,65,419 Monthly EMI
    Get Loan disbursed under 15 Days
    ₹59,000 Cash Reward
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  • SBI Recommended
    8.9% Interest
    ₹2.95Cr Loan Amount
    30 Yr Tenure
    ₹2,24,742 Monthly EMI
    Get Loan disbursed under 15 Days
    ₹59,000 Cash Reward
    Enquiry
  • Axis Recommended
    8.9% Interest
    ₹2.95Cr Loan Amount
    30 Yr Tenure
    ₹2,24,742 Monthly EMI
    Get Loan disbursed under 15 Days
    ₹59,000 Cash Reward
    Enquiry
  • BOB Recommended
    8.9% Interest
    ₹2.95Cr Loan Amount
    30 Yr Tenure
    ₹2,24,742 Monthly EMI
    Get Loan disbursed under 15 Days
    ₹59,000 Cash Reward
    Enquiry
  • CBI Recommended
    8.9% Interest
    ₹2.95Cr Loan Amount
    30 Yr Tenure
    ₹2,24,742 Monthly EMI
    Get Loan disbursed under 15 Days
    ₹59,000 Cash Reward
    Enquiry
  • Indian Bank Recommended
    8.9% Interest
    ₹2.95Cr Loan Amount
    30 Yr Tenure
    ₹2,24,742 Monthly EMI
    Get Loan disbursed under 15 Days
    ₹59,000 Cash Reward
    Enquiry
  • HDFC Recommended
    8.9% Interest
    ₹2.95Cr Loan Amount
    30 Yr Tenure
    ₹2,24,742 Monthly EMI
    Get Loan disbursed under 15 Days
    ₹59,000 Cash Reward
    Enquiry
  • PNB Recommended
    8.9% Interest
    ₹2.95Cr Loan Amount
    30 Yr Tenure
    ₹2,24,742 Monthly EMI
    Get Loan disbursed under 15 Days
    ₹59,000 Cash Reward
    Enquiry
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APGVB Home Loans key features and Benefits

  • Customer Support

    Attractive Interest Rates Starting at 8.35% p.a.

    Enjoy low home loan interest rates linked to the latest RBI repo rate, making your EMIs more affordable over the long term.

  • Interest Rates

    Loan Amounts Up to ₹35 Lakhs

    Borrow up to ₹35 lakhs based on your income, repayment capacity, and the property's market value—ideal for rural and semi-urban borrowers.

  • Banking support

    Flexible Repayment Tenure Up to 20 Years

    Manage your home loan anytime, anywhere through robust online and mobile banking services.Choose a comfortable repayment period of up to 20 years, allowing you to manage EMIs without straining your monthly budget.

  • loan facility

    Zero Prepayment Charges on Floating-Rate Loans

    Repay your home loan ahead of schedule without any penalty, helping you save on interest over time.

  • quick & Easy Processing

    Multiple Loan Purposes Covered

    Use the loan for buying a new house, constructing on owned land, extending your current home, or renovating an existing property.

  • Quick and Transparent Processing

    Benefit from a streamlined application process with competitive processing fees and no hidden charges.

  • balance transfer

    Eligibility for Salaried, Self-Employed, and Agriculturists

    APGVB welcomes applications from individuals with diverse income sources, including government employees, business owners, and farmers.

  • Secure & transparent policies

    Minimal Documentation Required

    Trust in our co-operative banking model, known for its transparent procedures, secure transactions, and customer-centric approach.Simplified paperwork ensures a hassle-free experience—submit basic KYC, income proof, and property documents to get started.

  • Secure & transparent policies

    Personalized Support Through Local Branches

    Get guided assistance from experienced loan officers at your nearest APGVB branch, ensuring clarity at every step of the loan journey.

APGVB Home Loan Eligibility Criteria

Eligibility Field

Details

Applicant Type

Individuals (single or joint), including salaried, self-employed, and farmers

Age Limit

Minimum: 21 years at application; Maximum: 65 years at loan maturity

Income Requirement

Stable monthly or seasonal income; minimum based on loan amount and repayment capacity

Employment Type

Salaried (private/government), self-employed professionals, business owners, and agriculturists

Credit Score

Minimum 650 recommended; higher scores improve approval chances and loan terms

Loan Co-Applicant Option

Spouse or close family member can be added to increase eligibility and income support

Property Location

Property must be in Andhra Pradesh or Telangana and legally approved for purchase or construction

Ownership Documents

Clear title deed, encumbrance certificate, legal opinion, and property valuation report

KYC & Financial Documents

Aadhaar, PAN, proof of residence, income proof (salary slips/ITR/bank statements), and photographs

Top Andhra Pradesh Grameena Vikas Bank Home Loan Schemes

As of 2025, Andhra Pradesh Grameena Vikas Bank offers the following active home loan schemes designed to support housing needs in rural and semi-urban areas:

1.  Regular Home Loan Scheme:This specific scheme is for individuals looking to purchase, construct, or renovate a residential property. The scheme offers competitive interest rates, flexible repayment tenures, and personalized assistance to make homeownership easier.

1. APGVB General Home Loan Scheme: For the purchase, construction, extension, or renovation of residential property. Available to salaried, self-employed, and agriculturist borrowers.

2. APGVB Gramin Awas Yojana Loan: A rural housing loan scheme tailored for low-income and economically weaker sections. May integrate benefits under government programs like PMAY (Pradhan Mantri Awas Yojana).

3. APGVB NRI Home Loan Scheme: Designed for Non-Resident Indians (NRIs) wishing to purchase or construct residential property in Andhra Pradesh or Telangana.

4. APGVB Home Renovation and Extension Loan: For existing homeowners looking to repair, upgrade, or add to their property, with flexible documentation and tenure options.

APGVB Home Loan Document Checklist

Category

Documents Required

Identity Proof

Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License

Address Proof

Electricity/Water Bill, Aadhaar, Passport, Ration Card, or Rental Agreement

Age Proof

PAN Card, Birth Certificate, Aadhaar Card, or School Leaving Certificate

Income Proof (Salaried)

Last 3 months' salary slips, Form 16, and latest 6-month bank statement

Income Proof (Self-Employed/Farmer)

ITRs (past 2 years), Business License, Agricultural Income Certificate, Crop Sale Receipts

Property Documents

Sale Deed, Title Deed, Encumbrance Certificate, Building Plan Approval, NOC

Photographs

Two recent passport-size color photographs

Loan Application Form

Fully completed and signed APGVB home loan application form

Tax Benefits of Andhra Pradesh Grameena Vikas Bank Home Loan

Section 80C – Principal Repayment

  • Claim tax deduction up to ₹1.5 lakh per year on principal repayment.
  • Applicable for self-occupied and let-out properties.
  • Includes stamp duty and registration charges (in the year of purchase).
  • Property must not be sold within 5 years of possession.

Section 24(b) – Interest on Home Loan

  • Claim up to ₹2 lakh/year deduction on interest paid for self-occupied property.
  • For rented property, the entire interest amount is deductible (subject to ₹2 lakh set-off cap under loss from house property).
  • Construction/purchase must be completed within 5 years from the end of the financial year the loan was taken.
  • Only borrowers who pay the interest are eligible to claim.

Section 80EE / 80EEA – First-Time Buyer Additional Deduction

  • May provide extra deduction of ₹50,000 (under 80EE) or ₹1.5 lakh (under 80EEA) on home loan interest.
  • Applicable to first-time homebuyers in the affordable housing category.
  • Subject to latest government notifications for FY 2025–26.

Who Can Claim These Tax Benefits

  • Salaried, self-employed, and agriculturist borrowers from APGVB.
  • Only those who are owners and co-applicants repaying the loan.
  • Must have legal possession and ownership of the residential property.

Latest Update

  • No change in deduction limits under Sections 80C and 24(b).
  • Government may revise 80EEA eligibility in Union Budget 2025.
  • RBI-compliant lending documentation is required to claim benefits.
Money Bag
EMI Calculator
You are Eligible for EMI Amount
₹56,409
Principal Amount
₹6,500,000
Interest Amount
₹7,038,042
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8,000,000₹
8.5 p.a
20 years

You are Eligible for EMI Amount

0
Principal Amount
0
Interest Amount
7,038,042
Why TyTil for Home Loan?
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₹8,000,000
8.5%
20 p.a

You are Eligible for EMI Amount

₹69,426
Principal Amount
₹8,000,000
Interest Amount
₹8,662,206
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How to Apply for APGVB Home Loans – 4 Simple Steps

Step 1: Check Eligibility and Loan Requirements
Confirm your eligibility based on age, income, employment type, and credit score. Use the APGVB home loan eligibility guide to understand your borrowing capacity.
Step 2: Collect the Required Documents
Gather identity proof, income proof, property documents, and photographs. Ensure documents are up to date as per 2025 RBI KYC norms.
Step 3: Visit Your Nearest APGVB Branch
Fill out the home loan application form, submit your documents, and discuss loan options with a bank officer for tailored guidance.
Step 4: Verification, Sanction, and Disbursal
After successful document verification and credit assessment, receive the loan sanction letter. Upon acceptance, the loan amount is disbursed either to you or directly to the seller/builder.
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