APGLI Loan Eligibility Calculator check-your-apgli-loan-eligibility how to check APGLI loan amount http://apgli.ap.gov.in/Loan_eligibility.html
A.P.G.L.I (will be sanctioned by the District Insurance Officer) Loan may be sanctioned up to 90% of the surrender value and shall be recovered in 12 EMI minimum and maximum 48. In case of house loans the max. EMI is allowed to 60. A Simple interest will be charged on the loans advanced at the rate of 1% over and above GPF interest rate After Principal only, interest will be recovered in one or more installments not exceeding (10) monthly installments as per the Deduction Orders (Govt. Circular Memo No.707/119/A2/ Admn.II/ 2013) Calculate the accruable amount of interest due, at the time of sanction of loan itself and total amount arrived thereon (Principal Loan + Interest) should be deducted in EMI from the subscriber. (G.O.Ms.No. 74 Finance (Admn.II) Dept., dt: 18.6.2015. No loan shall be granted for a sum less than Rs.1000/- vide G.O.Ms.No.160 Fin & Plg (FW Admn-II) Dept dated 15.05.1996.
Required Documents are:-
- Covering Letter
- Loan form duly filled and attested by DDO (with details of Name of the employee, Designation, Name of the Office, Empoyee ID No, Adhar No, Mobile No, Father’s Name, Date of Birth, policy number, )
- First page of Bank pass book Xerox copy
